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Unemployment: Suppose that there are 500 workers in the economy and the labor demand function is given by: LD = 1000 − 10 W P (a) Find the equilibrium real wage. (b) Suppose that Congress institutes a minimum real wage of $40 per hour. Find the level of unemployment and the real wage that will exist in this market. (c) Suppose that Congress institutes a minimum real wage of $60 per hour. Find the level of unemployment and the real wage that will exist in this market.
When the Federal Reserve utilizes open-marketplace operations to raise the Federal funds rate several times over a yr.
You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $500,000 per month, and you have contractual labor obligations of $1 million per month that you can’t get out of. You also ha..
Illustrate what are the fours upply factors of economic grwoth. what is the demand factor? What is the efficiency factor.
Illustrate what are the levels of income per worker also consumption per worker. Show how capital stock per worker will evolve over time in both countries.
In an effort to bring inflation down they had set interest rates at 5% in 2018. How should the federal reserve react if they desire to bring inflation down to 3%. When will they achieve that goal? (Hint: maintain plenty of decimal places.)
Which of the following raise the incentive for households to save?
How markets allocate resources. Derived demand is the change in demand due to a result initiated in another market. Market changes affect the demand for resources in related markets. For the following scenario, you are given a list of products.
Please give an example of research question that employ probity or legit model as an analysis method! Mention the dependent variable (Y) and the independent variables (X). What is your expectation on the sign of each X's coefficient?
Wicksteed made a significant contribution to value theory during the marginal utility revolution. This contribution was the "Exhaustion of the product"
You are the assistant to the CEO of a major company. Your CEO keeps an eye on the competition, and asks you to do the following. Using ratio analysis, compare two major competitors in the same industry. One of your two companies can be the same compa..
Clancy has $1,800. He plans to bet on a boxing match between Sullivan and Flanagan. He finds that he can buy coupons for $9 each that will pay off $10 each if Sullivan wins. He also finds in another store some coupons that will pay off $10 if Flanaga..
Winston Churchill once thought that democracy is the nastiest form of government except for all others.
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