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1) A country with a civilian population of 900,00 (all over age 16) has 70,000 employed and 10,000 unemployed persons. Of the unemployed, 5,000 are frictionally unemployed and another 3000 are structurally unemployed. On the basis of this data, answer the following questions: (show your work for credit)
a. what is the size of the labor force?
b. What is the unemployment rate?
c. What is the natural rate of unemployment for this country?
d. Is this economy in recession or expansion? Explain.
Suppose that changes in technology cause individuals to demand lower money balances for every nominal interest rate. Suppose the Fed does not adjust the money supply in response. Investigating first the money market and then tracing the effects to th..
suppose the local market for cigarettes is made up of the following people.type a qa 20 - ptype b qb 30 - 2ptype c qc
1. advertising is an important aspect of monopolistic competition and oligopoly becausea. there are significant
How much excess reserve does your deposit generate for the bank and what is the maximum amount of new money that can be created in the banking system as a result of this deposit? Show all work.
Which of the following has occurred when government directives do not produce better economic outcomes?
What tax level would achieve this goal? How much abatement would be done by each firm?
Describe what happens to investment, private saving, public saving , and national saving. Compare the size of the changes in the latter to the $20 billion of extra government savings.
in 2009 the fed initiated a program called qe or quantitative easing to try and stimulate the economy. using a fully
the next 3 parts to this question give changes that have occurred in the watermelon market.nbsp for each change in a
please distinguish between the different categories of price elasticity of demand. i want to know how do you show the
What is the probability that the employer will hire a high skilled worker?
Suppose the person lives for two periods, U = u(c1) + bu(c2), and can acquire an asset at price q, with c1 = w1 – qa and c2 = (d + q*)a + w2, where d = dividend and q* = selling price.
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