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When does a recession begin and when does it end?
The dating of a business cycle is done by the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER). Go to NBER's web site and read the Nov. 26, 2001 memo as well as the set of FAQs. Summarize in your own words the economic indicators that the committee tracks to be able to determine the beginning and the end of a recession. Now, go to the Federal Reserve Bank of Dallas site. Click on the tab Economic Data and then click on U.S. Economic data and finally on National Income and Product accounts to retrieve the most recent data on U.S. GDP. In view of the data from 2007 to the most recent data of 2009, will you argue that the recession has ended? You can consult other data on the Dallas FRB site as well as other memos and announcement on the NBER site.
When an employee walks away from work with a box of pens that belong to their employer;
Discuss the implication on earnings and cash flow, and articulate why this project was chosen over the multitude of options that exists.
Suppose perfect competition. Yoland is a small nation that takes world value of corn as given. Its domestic supply and demand for corn is given by the following;
Atlantis is a small, isolated island in the South Atlantic. The inhabitants grow potatoes and catch fresh fish. The accompanying table shows the maximum annual output combinations of potatoes and fish that can be produced.
Discuss the reason why governments might want to intervene and how they might do- with respect to the following "problem" in the functioning of an otherwise perfectly-competitive ("pareto-efficient") economy:
The prices of outstanding bonds change whenever the going rate of interest changes. In general, short term interest rages are more volatile than long term interest rates.
Suppose that in the market for comic book illustrators the substitution effect dominates the income effect While visiting Comic Con.
Explain how many additional workers do you think will file umemployment claims in your state
Illustrtae what will equilibrium GDP equal if taxes decrease 200? Why are the results different.
When all people use economic reasoning, incompetence is impossible, because if the profit of decreasing that inefficiency were greater than the expenses, the inefficiency would be eliminated.
Business if it was done by trade associations, certifications, and professional societies.
Explain how each of the following scenarios would cause the aggregate demand, short-run aggregate supply, and/or long-run aggregate supply.
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