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Q. If economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent and cyclical unemployment of 2 percent, illustrate what is natural rate of unemployment?
Q. Apples can be harvested by hand or machine. Handpicking yields 40 pounds per hour, mechanical pickers yield 70 pounds per hour. If wage rate of human pickers is $8 an hour and rental on a mechanical picker is $16 an hour, which is more cost-effective?
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
Illustrate effect, if any, do you think fiscal policy had on the changes to these line item spending amounts.
Elucidate in which country is an expansionary monetary policy likely to have a larger effect on aggregate output. Explain your answer using aggregate supply and aggregate demand curves.
One main difficulty examined in the book is the cleanup of hazardous waste sites.
You learn that the market price of illegal drugs is falling. Which hypothesis is consistent with this information on drug prices.
A brief description of the historical context in which the Washington agreement arose. The aim of the Washington agreement with regard to government intervention in the economy.
illustrate the effect of capital information by comparing the prodution possibitity curves, at the present time and ten years in the future, for two economie, one with a high and the other with a low rate of capital formation.
Fifty years later, the federal resources for public education shows approximately 10% of the public education budget.
Elucidate how the asset demand for money as a green line draw the transactions demand-for-money curve.
Assuming no government intervention, describe the market behavior that should result if the price of a product is below its equilibrium price; then describe the behavior that should occur if the price is above its equilibrium price.
Illustrate what is the GDP of George's also John's island in terms of clamshells.
Ilustrate what is the equilibrium cost in the corn chip market. How many corn chips will be bought by children and how many by adults.
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