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1) A country with a civilian population of 900,00 (all over age 16) has 70,000 employed and 10,000 unemployed persons. Of the unemployed, 5,000 are frictionally unemployed and another 3000 are structurally unemployed. On the basis of this data, answer the following questions: (show your work for credit)
a. what is the size of the labor force?
b. What is the unemployment rate?
c. What is the natural rate of unemployment for this country?
d. Is this economy in recession or expansion? Explain.
Summary of the news story and explain how it relates to the material
The 2008 fiscal policy package included roughly $100 billion in tax rebates that were mailed to taxpayers. By how much would aggregate demand shift (a)initially and (b) ultimately as a result of these rebates? (Assume MPC is 0.80.)
What are the individual's budget constraints in periods 1 and 2 and the new lifetime budget constraint and solve for the optimal consumption in both periods.
1. calculate the present value of each of the following future paymentsa. a 10000 lump sum received 1 year from now if
A smart card, also known as an electronic purse, is a plastic card that can be loaded with a monetary value. Its developers argue that, once widely accepted, it could replace the use of currency in vending machines, parking meters, and elsewhere.
Suppose that in the Akerlof example, there are only eight cars ranging in quality from 1/4 to 2 ( there is no complete lemon). Hence, the mean quality level is 1.25. Determine whether the market disappears completely, and if not, how many cars wil..
if the u.s dollar were to appreciate substantially what steps could a domestic manufacture like cummins engine co. of
How do Measures of Central Tendency differ from Measures of Variability.Why is Correlation important in statistics?
what is the federal reserve system and how is it structured identify the key elements. explain in detail. who are the
compare and contrast perfect competition and monopolistic competition. your response should be 100-200 words. write a
Discuss how deficit spending relates to the economic collapse of the Greece and Spain economies. Relate their economic collapse to U.S. current economic problems. How does U.S. deficit spending affect our economy? Greece and Spain have introduced ..
question 1. a. using the data from table calculate the elasticity of demand and elasticity of supply at each price
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