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Question: Suppose if the economy currently has a frictional unemployment rate of 2%, structural unemployment of 2%, seasonal unemployment of 0.5%, and cyclical unemployment of 2%, determine the natural rate of unemployment?
Where is the economy operating relative to its potential GDP?
What happens to the natural rate of unemployment and potential GDP if cyclical unemployment rises to 3% with other types of unemployment unchanged from part (a)?
What happens to the natural rate of unemployment and potential GDP if structural unemployment falls to 1.5% with other types of unemployment unchanged from part (a)?
Describe the opportunity cost of good 1 in terms of good 2. Find out the opportunity cost of good 1 at the point where x1=1.
Illustrate what factors might explain closer than expected correlation observed.
explain international trade wars can take place and competition among nations is reduced.
Two company face a demand equation given by: P=200,000-6(q1+q2) where q1 and q2 are the outputs of the two firms. The total cost equations for the two company's are given by:
Select 2 companies in the geographical location you live in and find out if they price discriminate. Why do these two companies price discriminate?
Dinkel Manufacturing Company accumulates the following information relative to jobs started and finished during the month of June 2008.
Is the compensation scheme at your present place of employment consistent with a reasonable solution to the agent principal problem?
Elucidate the 2008 world financial crisis and the ongoing debt crisis in Europe using one of the three theoretical frameworks. realism, liberalism, and constructivism.
Illustrate what trends do you see in the data sets. What would you say to Support your assertions of trends with statistical evidence.
Illustrate what is the opportunity cost for Italy if they only produce 1 bushel of grapes? What about 1 computer.
Explain how can these limits to reimbursement be viewed as the exercise of monopsony power.
You have been hired to work with a resort owner in Northern Minnesota. This resort owner runs a very small operation catering to mostly people who like to fish.
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