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What is "natural " about the natural rate of unemployment? why might the natural rate of enemployment differ across countries? 4. Suppose a drought destroys farm crops and drives up the price of food. what is the effect on the short-run trade-off between inflation and unemployment? 5.suppose the federal reserve announced that it would pursue contractionary monetary policy to reduce the inflation rate. would the following conditions make the ensuing recession more or less severe? A) wage contracts have short durations B) there is little confidence in the fed's determination to reduce inflation. C) Expectations of inflation adjust quickly to actual inflation.
Suppose that there is a fixed number of workers. Each worker is at a certain instance either employed or unemployed. The average duration of a period of unemployment is Du=10 months, and the average duration of a period of employment is De = 40 month..
Find an article about an event that would cause productivity and costs to change within a single market. What event is altering productivity or costs? Did the event occur in the past, is presently occurring, or may occur in the future?
Suppose there is an increase in the population growth rate. Show graphically how this affects the growth rate of both output per capita and total output in the short and the long run.
"Which side of the market, supply or demand, that bears the burden of a tax on a good or service depends upon the relative supply and demand:"
q.in the united states private schools charge tuition and compete against private schools that do not. one policy
Scenario: Sarah has to choose between renting a hotel room for two days and renting a hotel room for three days. Which of the following is true if the individual is optimizing in? levels? An optimizer will rent the hotel for three days if the cost of..
Imagine the hourly production for tuna cans is given by q = 6K + 4L. Assuming capital is fixed at 6, how much L is required to product 60 tuna cans per hour? Assuming capital is fixed at 8, how much L is required to product 60 tuna cans per hour?
Where necessary you will need to support the tax return using spread sheets, databases and internet information. In completing this activity you must show that you can apply statute, regulation and precedent to a client's circumstances, develop op..
A business employing 8 workers to produce commemorative t-shirts for campus events organizations.
How do entities determine their fiscal period? Give an example. How would you define a highly leveraged company? What ratio would you use to determine this? Tell me one thing you learned from the guest lecture, and how do you think it may be useful f..
The Federal Reserve Board under the direction of Janet Yellen is keeping interest rates at amazingly low levels. What are the benefits and consequences of taking on such action? Include in your answer issues as interest rate stimulus, inflation, mone..
A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling?
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