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Explain why would you expect inflation rate to increase if the actual unemployment rate refused to a level lower than the "full employment" unemployment rate (NAIRU)? Describe your answer in a few sentences. What state of business cycles (such as recession, trough, recovery or boom) does the current United States economy face, and why?
Illustrate what were the characteristics of Great Britain's economic relationship with India in the 17th and 18th centuries, How would you explain their success in their competition with the Dutch.
Based to the News, how much more did the average household spend on appliances, electronics, and furniture when it received the 2008 tax rebate?
List the four assumptions for the Monopolistic competition model. Now explain how the market will adjust in the long run and draw a corresponding graph for the representative firm in the long run. (Explain your answer.)
Elucidate the differences in unemployment rates among the United States and Western European countries.
Among the advantages of technique of forecasting are ease of calculation, relatively little requirement for analytical skills, and the ability to provide the analyst
The utility function of a worker is represented by U(C,L) = C X L, so that the marginal utility of leisure is C and the marginal consumption is L.
Illustrate what is your prediction about the economic health of each economy over the next few years.
Expectation the industry has for you is that you will research also write down relevant economic white papers for the pre-orientation of future deployed employees.
Consider the following two good pure exchange economy: Alfred's utility function is U A (x, y) = min{x, y} and Bob's utility function is U B (x, y) = max{x, y}.
Explain why is it difficult to determine who is and who is not in the labor force. What consequence does this have, if any, for the labor market indicator.
Illustrate what are the THREE tools the FED has at its disposal to manipulate or change the Money Supply and interest rates.
Illustrate What would happen if prices were lowered when demand was inelastic
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