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Go to the Web site maintained by the U.S. Bureau of Labor Statistics (www.bls.gov). Find the latest Employment Situation Summary. Look under the link "National Employment."
a. What are the latest monthly data on the size of the U.S. civilian labor force, on the number of unemployed, and on the unemployment rate?
b. How many people are employed?
c. Compute the change in the number of unemployed from the first number in the table to the most recent month in the table. Do the same for the number of employed workers. Is the decline in unemployment equal to the increase in employment? Explain in words.
Explan how this could br true using aggregate demand and aggregate supply analysis.
The demand for an oligopoly is P=75-2Q. The firms have cost functions TC1 = 3q1+q TC2 = 18q2+q2² a. Determine the profit-maximizing output under collusion. b. Calculate the equilibrium price under collusion. c. Determine if the firms should collude .
The owner of a local store represents his short run production below. Labor is (L) and represents the amount of workers hired, Q is the number of bagels produced per day. The current wage is $100 per day and the firm has $200 per day in fixed cost..
A bank is in the process of renegotiating a loan. The principal outstanding is $50 million and is to be paid back in two installments of $25 million each, plus interest of 8 percent.
if the inflation rate in recent years has been steady at 3 percent annually, what is the estimated real rate of interest?
A local restaurateur who had been running a profitable business for many years recently purchased a three-way liquor license. This license gives the owner the legal right to sell beer, wine and spirits in her restaurant.
you are a division manager at toyota. If your marketing department estimates that the semiannual demand for the highlander is Q=100000-1.25P, what price should you charge in order to maximize revenues from sales of the highlander
how much would the quantity of labor supplied increase among people in the top U.S. tax bracket if the highest marginal tax rate in the United States (39.6%)were reduced to the level of Hong Kong (15%)?
Suppose that consumtion equals $500 bilion when disposable income is $0, and that each increase of $100 billion in disposable income causes consumption to increase by $70 billion. Draw a graph of the saving function using this information.
it would open new horizons for entrepreneurship; and, most important, it would help to clean up domestic politics." Separate and identify the arguments for free trade in this statement.
There is always some uncertainty with respect to predictions based on such models. Why? What is the source of this uncertainty?
Picabo borrows $1000. To repay the amount, she makes 12 equal monthly payments of $90.30. Determine the effective monthly interest rate, the nominal annual interest rate, and the effective annual interest rate
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