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Question: (In one paragraph) Discuss how the Bureau of Labor Statistics (B.L.S.) defines the Civilian Labor Force and describe a specific example of (just) one person in the United States who meets this definition today. Then also discuss how the B.L.S, defines those who are "Not in the Labor Force" and describe a specific example of (just) one person in the U.S. who meets that definition instead.
(In one paragraph) Discuss how the Bureau of Labor Statistics (B.L.S.) defines the Employed in the Labor Force and describe a specific example of (just) one person in the United States who meets this definition today. Then also discuss how the B.L.S, defines the "Unemployed" in the Labor Force and describe a specific example of (just) one person in the U.S. who meets that definition instead.
(In one paragraph) Define Frictional Unemployment and describe a specific example of (just) one person in the United States who could meet this definition today. Then also define Structural Unemployment, and describe a specific example of (just) one person in the United States who meets that definition instead.
(In one paragraph) Explain the two parts of a fraction that the Bureau of Labor Statistics (B.L.S.) uses each month to compute the unemployment rate in the United States. Then identify what the actual unemployment rate was last month (in February). And make sureto discuss how this rate helps determine whether or not the U.S. economy is operating at its "Full Employment" level as this term is defined in Chapter Eight of the textbook.
The classical school of economic thinking is quite different from the Keynesian school. The adherents believe in different roles for government
Ed Richter estimates the cost of future projects for a large contracting firm. Mr. Richter uses precisely the same techniques to estimate the costs of every potential job, and formulates bids by adding a standard profit markup.
Illustrtae what does this imply about the effectiveness of monetary and fiscal policy to reduce the unemployment rate.
Illustrtae what situation in which both parties entering into a contract could benefit from slightly ambiguous language contained in the contract.
1. Evaluate strengths and limitations of BLS unemployment statistics.
How does the discount rate affect the decisions of banks in setting their specific interest rates - How does monetary policy aim to avoid inflation?
You're a senior economist working at the IMF (making $200,000 USD, tax free), and you have just been told you have to fly to a country on the cusp
The supply curve for product X is given by QXS = -300 + 10PX. a. Find the inverse supply curve.
List several reasons why GDP should not be considered an indicator of society's wellbeing
What did the recent "Sovereign Debt Crisis" in Europe have to do with Fiscal Policy?What are the advantages and/or disadvantages of using monetary policy instead of fiscal policy?
Describe in breif its potentials and limitations for reducing poverty and spurring grassroots development in LDC.
Define and discuss the Public Administration concept of The Iron Triangle. What revenue streams are available to local, state and federal governments.
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