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During Dec. 2007 and Dec. 2008, measured RGDP in economy fell by 1 percent as the US economy sank into a recession. Over that same time period total employment in terms of hours worked declined by 3.7 percent and the unemployment rate rose sharply from 4.6 percent to 7.2 percent
What can you infer from this data about the rate of labor productivity growth in the US economy during this period?
Analyze the contribution that automatic stabilizers play in making a stable economy. Provide some examples of the automatic stabilizers and use them to illustrate their significance.
Utilizing free markets and the price system always results in a more efficient resource allocation than central planning. Just look at what happened in Eastern Europe.
Illustrate what is the nature of this trouble. How did this trouble come about? In what ways will this trouble impact the US economy.
Discuss the relationship between each of the following variables based on the experience of U.S. economy over the past 30 years.
Lets say that as an worker of the World Bank that I have been proposed to research the requires of a country with a particular economic concern.
Using the information in the following table, estimate the average return and volatility for each stock, the covariance between the stocks
Explain why do you think the labor supply curve for very gifted or unique people is quite inelastic.
Illustrate what are the dominant industries and or corporations, and who controls them. What is the trade relationship between your country and the United States.
What is your marginal revenue and marginal cost functions? To maximize profits, how much should you produce at plant 1? At plant 2? What is the price that maximizes profits?
illustrate what do you think will occur to the price of marijuana if its purchase and sale are legalized. Be specific as to changes in the supply and demand curves.
How would each of the following affect the firm's marginal, average, and average variable cost curves?
Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.
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