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(Measuring Unemployment) Suppose that the U.S. noninstitutional adult population is 230 million and the labor force participation rate is 67 percent.
a. What is the size of the U.S. labor force?
b. If 85 million adults are not working, what is the unemployment rate?
where C is aggregate consumption, I is aggregate investment, Y is aggregate income, and u is a disturbance term. On the assumption that I is exogenous, derive the reduced form equations for C and Y.
What does the president and congress do to stimulate the economy? What does the president and congress do to contract the economy?
What is the probability that Medco Construction will be in violation of their construction contract and what is the probability that they will not be in violation?
When the price of oranges increases from $1.00 per pound to $1.50 per pound, quantity demanded falls from 500 pounds to 400 pounds. Calculate the price elasticity of demand. Is the demand for oranges price elastic, inelastic, or unit elastic.
Given the following MV information, what is the optimal allocation of care according to the Paretean criteria, when the marginal cost of care is constant at $1000 Person A Person B Quantity of care consumed MV Quantity of care consumed MV
Your firm designs training materials for computer training classes, and you have just received a request to bid on a contract to produce a complete set of training manuals for an 8-session class. From previous experience, you know that your firm f..
For the isocost line, clearly identify the vertical and horizontal intercepts. For the isoquant, clearly identify 5 combinations of Labor and Capital that will produce Q = 20 (including the bundle that minimizes the firm's cost of production). M..
Describe market equilibrium under monopolistic competition. Why does the price charged by the typical firm exceed the minimum average cost, even though other firms may enter the market?
Revenue from the sale of ergonomic hand tools was $300,000 in years 1 through 4 and $465,000 in years 5 through 9. Determine the equivalent annual revenue in year 1 through 9 at an interest rate of %10 per year.
How do you explain economies of large-scale production? Why do certain businesses, such as cigarette manufacture, seem to enjoy them, whereas other businesses, such as barbering, do not?
Sara's income is $12 a week. The price of popcorn is $3 a bag, and the price of a cola is $3 a can. a. What is Sara's real income in terms of cola b. What is her real income in terms of popcorn
Two firms can control emissions at the following marginal costs: MC1 = 200q1, MC2 = 100q2, where q1 and q2 are the amount of emissions reduced by the first and second firm. Assume with no control each firm would emit 20 units or a total of 40 unit..
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