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Given that labor is a resource that needs to be used efficiently, what responsibility do you feel the government has in decreasing unemployment? Does the negative relationship between inflation and unemployment have any impact on your decision? Please explain.
illustrate what happens to economic output and inflation and explain why these changes take place.
Prevailing market cost is $15. Illustrate what will happen to number of industries in industry and to industry's output in long run.
Policymakers sometimes propose laws requiring firms to give workers certain fringe benefits, such as health insurance or paid parental leave. Let's consider the effects of such a policy on the labor market. Why might the labor-supply surve shift in r..
The price elasticity of demand for a firm's product is equal to -1.8. The firm currently sells 4,000 units per day at a price of $2. If the firm increases its product price by 10%, then it can expect to sell approximately
Consider a situation in which the Brazilian inflation rate is expected to significantly increase. Assess the impact on the nominal interest rate in Brazil and the value of its currency. If the International Fisher Effect holds, how will higher inflat..
On Tuesday, price and quantity demanded are $7 and 120 units respectively. Ten days later, price and quantity demanded are $6 and 150 units, respectively. What is the price elasticity of demand between the price of $7 and the price of $6?
Suppose there is an increase in the price of steel. We would expect the supply curve for steel beams to:
Two alternative designs are under consideration for a tapered fastening pin. The fastening pins are sold for $0.70 each. Either design will serve equally well and will involve the same material and manufacturing cost except for the lathe and drill op..
Alice, living in Columbus, consumes apples and oranges and nothing else. Let us denote Apples by A and Oranges by O. Let PA denote the price of apples and PO denote the price of Oranges. Alice’s is born with 60 Apples and 30 Oranges. PA = 5 and PO = ..
In year 2013, the population of island I is 210, 000 people, of which 150,000 are aged 16 or older. Of this 150,000 people, 100,000 have jobs (50,000 do not). 30,000 are separated but actively seeking employment and there are 20, 000 who have given u..
How can government measure how much carbon is produced and is it possible to evasion carbon tax? How should the carbon fee program interact with state programs that address carbon pollution? Can cap and trade can reduce in co2 emission in the long ru..
A clear thesis statement An annotated bibliography for at least 10 scholarly or professional journal articles A summary that expresses the overall plan of the paper, including subtitles and topic sentences for each subtitle provided.
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