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Answer the following questions about unemployment:
a. If a country has a non institutional population of 200 million and a labor force of 160 million, and 140 million people were employed, what is its labor force participation rate and its unemployment rate?
b. If 10 million new jobs were created in the country, and it attracted 20 million of the people previously not in the labor force into the labor force, what would the new labor force participation rate and new unemployment rate be?
c. Beginning with the situation in part (a), if 10 million unemployed people became discouraged and stopped looking for work, what would the new labor force participation rate and new unemployment rate be?
d. Beginning with the situation in part (a), if 10 million current workers retired but their jobs were filled by others still in the labor force, what would the new labor force participation rate and new unemployment rate be?
Estimate the linear trend in the data, and use it to forecast gasoline sales in the United States in each quarter of 1990.
If Congress has determined that the budget will not be completed by September 30, it should prepare appropriations bills to be reviewed by the President?
Illustrate what was the economy's biggest risk--inflation or unemployment.
Assume the market for home pest control services (spraying to kill unwanted bugs and creepy crawlies around the exterior of your home) is perfectly competitive and is currently in equilibrium.
One page summary on Chapter 9 Derivatives: Futures, Options, and Swap
An assembly line can produce 60 units per hour. The line's hourly cost is $3600 on straight time (the first 8 hours). Workers are guranteed a minimum of 6 hours. There is a 50% premium for overtime and productivity for overtime drops by 5%. What a..
Which of the following is a central proposition of orthodox Keynesianism - output is constrained by aggregate supply
Determine, how the following will affect the slope of the output demand curve, and explain your results:
Determine which best supports reason for why the use of teams by Anacorp Corporation is considered critical to its ability to develop and commercialize innovative products?
1) At an initial point on the aggregate demand curve, the price level is 125, and real GDP is $10 trillion. When the price level falls to a value of 120, total autonomous expenditures increase by $800 billion. The marginal propensity to consume i..
If 85 million adults are not working what is the unemployment rate?
Discuss and describe how you think e-business will affect the following areas of endeavor, including both positive and negative effects:
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