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In a particular economy the labour force (the sum of employed and unemployed workers) is fixed at 100 million. In this economy, each month one percent of the workers who were employed at the beginning of the month loses their jobs, and 19 percent of the workers who were unemployed at the beginning of the month find new jobs.
1. The January unemployment rate is 5 percent. For the rates of job loss and job finding given, what will the unemployment rate be in February? In March?
I know that for both months the percentage remains unchanged at 5 percent however I cannot figure out the percentage for the following questions:
In April an adverse productivity shock raises the job loss rate to three percent of those employed. The job loss rate returns to one percent in May, while the job finding rate remains unchanged at 19% throughout. Discover the unemployment rate for April, May, June, and July.
Consider the argument that government spending and borrowing harms long-run economic growth. A. Is this most likely to happen if the private spending crowded out is consumption spending or investment spending.
An end-of-aisle price promotion changes the price of elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be?
the demand function for einstein bagels has been estimated as follows qx -15.87 - 40.73px 84.17py 0.55axwhere qx
His strategy to acquire companies in different lines of business based on the requirement that each business in GE was to become the #1 or #2 competitors in the industry is touted as being particularly brilliant.
Orange juice and apple juice are known to be perfect substitutes. Draw the appropriate price-consumption curve (for a variable price of orange juice) and income-consumption curve.
expectations on how rivals will respond are important considerations when a firm decides to change the price it charges its customers, no firm controls more than a 10% share of the market
Would increased cost inflation in the U.S. relative to its major trading partners likely increase or decrease the value of the of the U.S. dollar? Why?
c q2 50q 81 1determine the range of prices for which the firm incurs a loss but continues to produce. 2determine
you are the owner of a small bread factory and are thinking of lowering costs and expanding. your small-business
an excise tax of 1.00 per gallon of gasoline placed on the suppliers of gasoline in a market with downward sloping
Siebrecht organized Siebrecht Realty
a firm has the following production function q kl where q output l labour measured in person hours k capital
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