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For each case below, please state if the person mentioned is unemployed for Frictional, Structural, or Cyclical reasons. Please state your reasoning for each answer.
(a) Pak left his old job to go back to school and get his Master’s Degree, and now he is back in the job market looking for work.
(b) Sue just lost her job as a sales clerk at Macys due to low sales.
(c) John lost his job at the steel mill after the owner bought a robot to do John's job.
(d) Mary just lost her job as a teacher due to budget problems at the state level.
Derive the supply schedule from the following supply function: QS = 10P Derive the supply schedule from the following supply function: QS' = 20 + 10P
Bart Wurst runs the only hot-dog stand in a large park in a large boring town. On Sunday’s people in this town all sit in the park and sunbathe. For any t between 0 and 30, the number of people who are sitting within t minutes of Bart’s stand is 15t ..
Under Stackleberg competition between two firms, if both firms have the same marginal cost:
Discuss how the distribution of income among various groups of income earners have changed in this country during the past 50 years. In your opinion, do we need to initiate any policy to address the distribution of income?
The theoretical model of the inter temporal budget constraint for the U.S. economy as a whole suggests that the most common pattern seems to be that:
The demand curve for haircuts at Terry Bernard's Hair Design is: Where Q is the number of cuts per week and P is the price of a haircut. Terry is considering raising her price above the current price of $15. Terry is unwilling to raise price if the p..
Inflation is not the result but the cause of monetary emission. As there's inflation (because of other reasons not important here), people need more money and the central bank needs to print more money. How can you argue against that? As it seems to ..
Comparative advantage/Absolute advantage of any country in any industry and why/how Demand and supply of certain resources in Australia or any other country and factors other than price which affect demand and supply
List several ways that people and businesses in the green movement are participating.
Briefly explain the characteristics (or properties) of equilibrium in the Cournot Model and the assumption under which it is achieved.
Which of the subsequent is directly included in the calculation of the GDP?
Under what authority can Congress levy an income tax?
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