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Q. In recent years, many plants have closed, forcing thousands of employees out of their jobs as well as into new ones. Studies of job loss suffered by these displaced workers find that among groups of workers with exactly the same skills as well as types of training, workers who had been with the firm for many years as well as were in 55-64 age range had greater wage losses than those in the 25 - 34 age range. How can a compensation scheme designed to enhance worker motivation lead to this result?
The bank and pays interest at the market interest rate of 4 percent. Is it correct to say that the cost to Mary of living in her house is less than the cost to John.
For each values for the MPC, determine the size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease.
China has continued to lag well behind the rest of the world in information technologies
Fred's Fashion Accessories of New Jersey produces jewelry for sale in Boston and New York subject.
A business cycle fact is that real wages are pro-cyclical. Using the classical labour market as we have all semester, show and explain how the classical economists explained this business cycle fact.
Illustrate and explain the movement of the aggregate demand and aggregate supply curve both in the short and long run.
The GDP is a total market value of final goods and services produced within a country over time. Why is this a reflection of this country's cost of living so varied making expenditures.
Consumers buy from the lowest price firm, and the highest price firm sells nothing. If the firms pick the same price, they split the market demand equally.
Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.
In long run, what would you expect to happen to the price of steelin U.S. and Germany. What would be the price differential.
A major Statistics Canada household survey, the Survey of Labour and Income Dynamics or SLID, the latest of which is referred to as SLID 2009.
Do you believe that profit (or shareholders wealth) maximization still represents the best overall economic objective for today's corporations.
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