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Question: Jared Bernstein, an economist at the Center on Budget and Policy Priorities, has stated: "I want to see receipt of unemployment insurance go up in recessions." If government unemployment insurance payments didn't go up, he explains, it "would be a sign that something's very wrong." What would be very wrong about government unemployment insurance payments failing to rise during a recession? What would be the consequences for the unemployed and for the economy?
What are the financial markets and what purposes do they serve and what are financial intermediaries? How do these intermediaries function in the economy?
Using a separate supply and demand diagram for each part, illustrate the effect of value of the yen in terms of dollars of each of the following;
Economists who align more with the "Classical" school would have a "leave it alone" (Laissez Faire) attitude and would oppose active policymaking. "Rational Expectations Theory" (a "new classical approach") suggests that people figure out what wil..
If you rented from car rental agency, what would be your duty and where would you find it. If it wasn't your fault, and the car beside you hit you what would be the standard of care in that situation.
Find the Pareto optimal allocations - Find the best allocation according to the utilitarian criterion and Find the quantity of each good traded, and ?nd each person's actual consumption of ale and bread.
nancy is consuming her optimal consumption bundle of burritos and margaritas. the marginal utility of her last burrito
Explain why indifference curves are convex shaped when mapping two goods like food and clothing, while they are more linear when mapping two goods that are close substitutes like Coke and Pepsi.
Draw the production possibilities frontiers (PPFs) for Idaho and Wisconsin with books on the horizontal axis and chips on the vertical axis - Draw Jerrys production possibility frontier for one work day.
If the market for alcoholic beverages is in equilibrium, then the drinking age is reduced from 21 to 18 what will happen to the equilibrium price and quantity of alcoholic beverages.
The manager of a Cummings engine manufacturing facility has collected some historical data on the monthly demand of hemi-diesel engines (See table 1) What is the annual demand of engines?
Does a price change cause a movement along a supply curve or a shift of the entire curve? What factors cause the entire supply curve to shift?
The semester progresses smoothly. You are preparing a lecture on the impact of a per unit tax on efficiency and on consumer and producer surplus. Task 4: Discuss using a supply and demand graph.
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