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Unemployment rate (LUNEMP):
A key variable to assess the performance of any economy when an economy is growing, the unemployment rate will fall as job creation increases and in turn this will impact positively on GDP. For this project, the correlation between oil prices and unemployment will be observed, with the aim of analysing whether an oil price shock would lead to more unemployment as might be expected to happen as oil is a major element of production in certain industries and asthe production costs increase, businesses may have to reduce costs in other areas, such as labour. The data is in the form of the unemployment rate of the UK. This is calculated as follows;
Cd players are produced on an automated assembly line process. The standard cost of CD players is 150.00 per unit. The sales price is $300.00 per unit. To achieve a 10 percent mult
Give example to calculate the price level Imagine that we have created a particular basket of services and goods. We calculate price level at four different points in time duri
list of all theories of business cycle theories
If the marginal disutility of labor increases, the equilibrium real wage increases and the equilibrium quantity of labor goes up. True or false?
illustrate and discuss the implications of various market structures (competitive and non-competitive)for price determination.
Macroeconomics We have explained several concepts and Macroeconomic Aggregates which form the basic terminology of macroeconomic analysis. Like other empirical sciences, econom
1. Which function of money is disrupted as a result of high inflation? Why? 2. The central bank of Fiji has issued $1,000,000 in Fijian dollars. What is the size of m
National Product and Domestic Product A modern economy produces literally thousands of different goods and services. Some of these goods and services such as rice, wheat, shir
explain and illustrate how the Lm curve is derived.
Q. Money market in the AS-AD model? goods and the money market in the AS-AD model We begin by studying goods market and money market when prices are no longer constant. Fi
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