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Part of the information released in the Employment Situation Summary concerns how long individuals have been unemployed. Go to www.bls.gov to find the lat- est report. Use the same technique as in Problem 1 to find the Employment Situation Summary. At the end of the Employment Situation, click on the table titled "Unemployed persons by duration of unemployment." Use the seasonally adjusted numbers to answer the following questions.
a. How many workers were unemployed less than 5 weeks?
b. What percentage of all unemployed workers do these workers represent? How do these numbers compare to the previous month's data?
c. How many workers were unemployed for 27 or more weeks? What percentage of all unemployed workers do these workers represent? How do these numbers compare to the previous month's data?
d. How long has the average worker been unemployed (aver- age duration, in weeks)? How does this compare to the average for the previous month's data?
e. Comparing the latest month for which there are data with the previous month, has the problem of long-term unem- ployment improved or deteriorated?
Consider two tax policies: a tax cut which will last for only 1 year and a tax cut that is expected to be permanent. Which policy will have the greater impact on aggregate demand Which is more likely to shift long-run aggregate supply
Wanda Littlemore's utility function is U(x, y) = x + 46y - 2y^2. Her income is $135. If the price of x is $1 and the price of y is $18, how many units of good x will Wanda demand? Please show me how the answer is arrived at?
Discuss some of the factors Autor identifies as having contributed to an increase in the demand for highly-educated workers and a decrease in the demand for less-educated workers.
Suppose a firm is producing 1,000 units of output. Its average fixed costs are $100. Its average variable costs are $50. What is the total cost of producing 1,000 units of output?
A manufacturer determines that the supply function for x units of a particular commodity is S(x)=In (x+2) and the corresponding demand function is D(x)=10+In(x-1).Find the demand price when the level of production is x=10units
First let's try some refreshers from algebra in the t-y plane. What is the slope of the straight line in the plane connecting (1, 1) to (3, 4)?
Obtain price elasticity of demand for good one. Obtain income elasticity of demand for good and find the amount of compensation needed for Hicks compensation
market supply of labor the following table shows the hours per week supplied to a particular market by three
What is the firm’s total revenue and total amount paid for labor at the level of labor input you determined in (b)?
Crazy hours Construction purchased a new loader for $280,000 using a 25 annual end of year payment plan at 10% interest. At the end of 10 years they decided to refinance the loader with a new company with 15-year loan.
Over what range will changes in marginal cost have no effect on CDW’s profit-maximizing level of output?
mrs. smith operates a business in a competitive market. the current market price is 7.50. at her profit-maximizing
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