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Q1. During the recession of 2008 2009, the Detroit urban area had very considerable unemployment which is the highest in the nation for any area with more than a million residents. What kind of unemployment cyclical, structure, frictional do you think this is? Remember that the Detroit area is home to the U.S. auto industry
Q2. Is the following statement True, False, or Uncertain? Explain. "."
illustrate what happens to economic output and inflation and explain why these changes take place.
Suppose an individual is currently buying 10 CDs a year at a price of $10 (per CD). The price of CDs then goes up to $15 each but she simultaneously gets an after tax raise of exactly $ 50. Assuming NO other price changes, determine the well being..
how much does the total amount of deposits in the banking system increase? By how much does the money supply increase. In the u.s. today, money includes which of the following items federal reserve bank notes in citibank's cash machines.
Elucidate how do the GDP per capitals change after accounting for price indices.
Find out change in government costs under subsidy policy. Find out change in government income under tariff policy.
We know that GDP has four components: consumption (C), investment (I), government purchases (G) and net exports (NX). If we let Y stand for GDP
Explain how will the economy change over time. Explain in words and using an aggregate-demand/aggregate-supply diagram.
Consider what you have learned about the root causes, as identified by leading economic thinkers and policymakers.
Illustrate what is the demand schedule for Belgium cocoa beans now which U.S. consumers can also buy them.
Suppose that inflation is 2 percent, the Federal funds rate is 4 percent, and real GDP falls 2 percent below potential GDP. According to the Taylor rule, in what direction and by how much should the Fed change the real Federal funds rate?
To save on gasoline expenses, Edith and Mathew agreed to carpool together for traveling to and from work. Edith preferred to travel on I-20 highway as it was usually the fastest, taking 25 minutes in the absence of traffic delays. Mathew pointed out ..
Each can produce the next generation super computer for math (M) or for chip research. However, only one can successfully produce for both markets simultaneously. Find the Nash equilibrium (include the payoff in your answer), and elucidate why it i..
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