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The Natural Rate of Unemployment is 5% with the current unemployment rate of 10%. The actual Real GDP is $500. What is the Full Employment (Potential) level of Real GDP?
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
Assuming that there are no direct expenditure offsets to fiscal policy, how much should the government increase taxes?
Caught up in broad social and economic disaster that swept the Mediterranean basin during the twelfth century BCE, what seems to have happened to the civilization of people.
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
Explain how are the gains from trade shared among the parties to a trade. Is it possible for specialization and trade to increase total output of traded goods.
What appears to be major constraint that central banks used to determine limits of monetary injections into economy. Did United States use same or different criteria.
q.1. an investor buys a property for 1 million with 40 of the purchase price attributable to the land and the balance
If industries collude, Illustrate what will be monopoly cost (optimal cost P*), total output of two industries (Q= q1 + q2) and total profits of two industries.
When the accounting profit equals the implicit costs, the firm earns
Also, 40% of cell phones are both Flashy and owned by Hipsters. Finally, if a cell phone is owned by a Granny, the probability of it being Dull is .98. What is the probability that a cell phone is both Dull and owned by a Hipster.
Presently, at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply.
Visit the Bureau of Labor Statistics for state employment also unemployment.
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