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a) Explain the effects of cyclical unemployment on the economy.
b) Discuss why below-equilibrium or above-equilibrium GDP levels will not persist.
c) Explain why economists disagree with backing paper money with a certain commodity such as gold.
What is the name of the process when management and a labor union negotiate a new labor agreement? When citizens are subject to an income level that falls below the poverty threshold, the U. S. government often initiates.
Explain what was happening to the economy in terms of the AS/AD model, including what would need to happen to bring us out of the "recessionary gap". In other words, using the AS/AD model as a starting point, explain the economic situation of 2008..
a marketselect onea. makes possible the exchange of goods and services between buyers and sellers.b. consists only of a
What are the differences between the U3 and U6 unemployment rates? Note not only the unemployment rate percentages, but also who is counted
What are the percentage increases in the price of food and in the price of clothing and what is the percentage increase in the CPI?
Utopia is a closed economy and is characterized by the following equations:
Explain how would you rate Ben Bernanke's performance as Chairman of the Federal Reserve.
What is the firm's average variable cost as a function of its output level, y? What is the firm's average total cost as a function of its output level, y? What is the firm's profit maximizing level of output, and what is the resulting profit?
In other situations it would be reasonable for a purely competitive wheat farmer to raise his price per bushel because he could reduce his variable costs by selling less at a higher price. True or false, and why?
The frequency of the Indigo light given off by a mercury vapor street lamp is 136 x 106 MHz. What is the wavelength
True/False: For each of the following concepts, decide whether it's true or false, and briefly explain why (2-3 sentences). You can also use diagrams if they are helpful. Each correct answer is worth.
On November 1, 2015, a particular book about fantastic beasts (and where to find them) was being sold by Amazon.com for $107.60. At the same time, this book could be purchase dat the Amazon.uk website for the sterling equivalent of $43.92.
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