Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A numerical application of Okun’s law Consider an economy that initially has a labor force of 2000 workers. Of these workers, 1900 are employed and each works 40 hours a week. Ten units of output are produced by each hour of labor.
(a) What is total number of hours worked per week in the economy? What is the total output per week in the economy? What is the unemployment rate?
(b) The economy enters a recession. Employment falls by 5%, and the number of hours per week worked by each employed worker falls by 3%. In addition, 0.5% of the labor force becomes discouraged at the prospect of finding a job and leaves the labor force. Finally, suppose that whenever total hours fall by 1%, total output falls by 1.4 %. After the recession begins, what is the size of the labor force? How many workers are unemployed and what is the unemployment rate? What is the total output per week in the economy? By what percentage has output fallen relative to the initial situation? What is the value of the Okun’s law coefficient relating the loss of output to the increase in the unemployment rate?
What are the conditions for the four types of markets (perfectly competitive, monopolistic, monopolistic competitive and oligopolistic market)?
Expansionary monetary policy by the foreign country will lead to a _______ of the home currency, while expansionary monetary policy in the home country will lead to a _______ of the home currency.
Bart is a new engineering graduate that decides to purchase a new automobile costing $25,000. He can only afford a down payment of $5,000 and must finance remaining $20.000. The dealership offers financing at 15% per year, compounded monthly over a 5..
What is the difference between financial investments and accounting investments? You also need to provide an example of each for both individuals and corporations.
What are the names of the following events that occur during a business cycle?
q.you are the ceo of a fortune 500 company. you have two objectives1. invest 5 million cash on hand short term
Consider the following price-determination theory, which was suggested in a recent experimental economics class: "rank all buyer values from high to low and find the median value. Then rank all seller costs from low to high and find the median cost.
Explain the connections between opportunity cost and the production possibilities frontier.
Plot the goods in a graph with realness on the horizontal axis and (relative) exclusion cost on the vertical axis. (1) 1000 pounds of compacted scrap steel; (2) 1/2 ton of compacted scrap steel; (3) a mahogany tree in an inaccessible Central American..
Unemployment numbers drop as more jobless Americans Find out positions in local businesses. Which determinant of aggregate demand causes the change.
By what reasons financial crisis as well as either United States is going in right-wrong direction among its present strategies.
demand p30-2qsupply p4qequilibrium priceequilibrium quantityown price elasticity of demand equlilbriumconsumer
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd