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1. Do you know which states have the highest unemployment rate right now?
2. As businesses are downsizing in the recession, they are laying off a lot of people. What type of unemployment will then occur?
3. What is the NRU?
4. What is the Structural Unemployment? If you are structurally unemployed, do you expect your jobs will come back? No! If you lose jobs to robotics at the automobile plant, are you then structurally unemployed or frictionally unemployed?
5. Can you describe how unemployment and inflation are interrelated? How do business cycles impact the economy? What are the causes of business cycles of expansion and contraction? How can the Demand pull inflation and Cost push inflation occur? Which is better for the economy: low inflation or high inflation? Think about the economic expansion during the 1990s.
Illustrate what are the major determinants of price elasticity of demand. Use those determinants and your own reasoning in judging whether demand for each of the following products is probably elastic or inelastic.
Illustrate what happens to your tax bill and to your average and marginal tax rates if your income rises to $40,000.
Suppose you are considering moving your company’s headquarter from Nashville to LA. Last year you paid $100,000 for an option to buy a building in LA. The option gives you the right to buy the building at a cost of $1,000,000, so that if you ultimate..
government official proposed which gasoline price controls be imposed to protect the poor from rising gasoline prices.
Which one of the subsequent was not a contributing cause of the decline in investment also thus the recessionary expenditure
Among which of the following receives government subsidies that are in place to protect the population rather than for economic reasons.
Illustrate how do they compare to the others on any single set of constitutional issues. Assume the store is open 360 days a year.
q.in the united states private schools charge tuition and compete against private schools that do not. one policy
The demand for a product is Qd = 100 - 4P +3Px and supply is Qs = 10 +2P, where Q is the quantity of the product in thousands of units, P is the price of the product, and Px is the price of another good. When Px = 40, the equilibrium price of the pro..
How does a government budget surplus affect the U.S. economy? Identify two periods in recent history in which the United States has run budget surpluses. What were the reasons for the surpluses during those time periods?
q1. you have used particular bras well as well as type of sunscreen for several years but after discovering that some
Assume a person is working 40 hours per week. If the wage rate is greater than the person’s marginal rate of substitution (MRS) at 40 hours, he or she would maximize utility by working more hours. Persons with more education will be able to earn (on ..
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