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Some economists and legislators argue that there is no unemployment problem (per se) in the United States or Europe. Globalization, in which U.S. firms close their American factories and create factories, call centers, and other facilities in other countries, would seem to support the "no such thing as unemployment" hypothesis. The same argument can be made for airline machinists or General Motors autoworkers who refuse to lower their wages and benefits at the risk of losing their jobs.
In the early 1980s, large numbers of Japanese cars began to enter the US. Under pressure from the US auto manufacturers, the US government negotiated a Voluntary Export Agreement with Japan, under which Japan agreed to limit the number of cars it wou..
?The interest rate is the price paid for use of a: If income increases more rapidly than expected, then:
The unemployment rate of western states is 5.2%, for eastern states it is 5.8%, for southern states it is 5.5%, and for Midwestern states it is 5.9%. The western states comprise 12% of the labor force, the eastern states comprise 21% of the labor for..
Which of the following is/are NOT (a) characteristic(s) of the Bismarck model?
Suppose that competition amongst bond brokers causes bonds to become more liquid. Using the liquidity preference model, show graphically how this will affect money demand and the nominal interest rate.
Draw a cash flow diagram for just the tax amount due to the depreciaiton, including the gain from this portion at EOY 8. Calculate the present worth of this cash flow. This is the amount gained by depreciating the property.
Today's supply curve for gasoline could shift in response to:
One way to design a housing subsidy is to pay a certain percentage of a tenant’s rent, allowing the renter to shop for whatever housing the person thinks most appropriate. An alternative policy is to pay a fixed dollar amount toward whatever rent the..
Your pension will pay approximately £6,000 a year British government 20-year bonds yield 2.6%. You are offered a lump sum in return for a waiver on annual payments. How much should you ask for?
Suppose that you are evaluating the market for Kellogg's cereal. The prices of Post and General Mills cereals increase. What will happen to Kellogg's cereals?
The empirical demand function for good X is estimated in log-linear form as ln Qˆ = 11.74209 – 1.65 ln P + 0.8 ln M – 2.5 ln PY where Qˆ is the estimated number of units of good X demanded, P is the price of X, M is income, and PY is the price of rel..
Why is the purchasing of new housing included in the investment component of GDP rather than the consumption component? Also any reason why household purchases of new cars should be included in investment rather than in consumption?
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