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In July 2009, in the economy of Sandy Island, 10,000 people were employed, 1,000 were unemployed, and 5,000 were not in the labor force. During August 2009. 80 people lost their Jobs and didn't look for f new ones, 20 people quit their jobs and retired, 150 unemployed people were hired, 50 people quit the labor force,and 40 people entered the labor force to look for work. Calculate for July 2009
a. The unemployment rate.
b. The employment to population ratio and calculate for the end ofAugust 2009
c. The number of people unemployed.
d. The number of people employed.
e. The unemployment rate.
Someone claims that under efficiency wage models "if the wage rate increases in a market with heterogeneous workers then we will have a shift in the labor demand curve, and not a movement along the curve". Do you thin..
Suppose that society decided to reduce consumption and increase investment. How would this change affect economic growth? What groups would benefit from this change? What groups might be hurt? Justify your answer.
understanding international macro economyyour answers should not exceed 2500 words and can be less.the questions posed
Once again, assume Cournot competition in an industry in which market demand is described by P = 260 - 2Q and in which each firm has a marginal cost of 20. However, instead of two firms, let there now be four. a. What is the one-period Nash equilibri..
How Disney dealt with the Principal - Agent Problem: In 1984, the Walt Disney Company brought in Michael Eisner, a Paramount executive as CEO. The firm's board of directors agreed to pay Eisner a salary of $750,000, plus a $750,000 bonus for signi..
A great deal of expensive research is invested in developing technologies to deliver productive agriculture. Horticultural efforts to breed hybrid crops are seen as far back as history can observe, and there have been efforts to domesticate improv..
Breifly explain the effect of an increase in money supply.
First, read Fuguitt and Wilcox, pages 181-183. Then, from the Stock and Watson text Web site find a data file CAschooldistricts that contains data on school districts for 420 districts in California. A detailed description is given in CAschool_D..
Mort'sOstrich Farm produces high-protein, low-fat ostrich meat forrestaurants and consumers. Mort's currently supplies a small numberof customers, but the firm believes it can increase the quantity itproduces and the price it charges with strategi..
Compute the short-run profit maximizing level of labor and capital demand. Compute the long-run profit maximizing level of labor and capital demand.
Give one example of a price floor and one example of a price ceiling.State the purpose of these legal prices and assess their impacts on the market.
What would happen to the amount of economic investment made today if firms expected the future returns to such investment to be very low ?
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