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In Littleville, which has 1000 residents over 16 and not institionalized on the day of the survey. 400 people do not currently work. Of these 400 persons, 25 have become discouraged and quit seeking work, and 75 others are either full-time students or home-makers. Of the 600 people who do work, 150 work part-time but wish to work full-time. Employed people were working on the day of the survey
The employment-population ratio in Littleville is
Economists have devoted a lot of effort to estimating the natural rate of unemployment in particular countries at particular times. Is this a useless academic exercise, or are there good reasons to want to know this number? Explain.
Joe has $16 to spend on Twinkies and Hohos. Twinkies are prices at $1 and Hohos are priced at $2 per pack.
Suppose an economy gets into a liquidity trap. If the central bank manages through 'forward guidance' to persuade everyone.
The Big Mac Index computed by The Economist magazine has consistently found the U.S. dollar to be undervalued against some currencies and overvalued against others. This finding seems to be at odds with the purchasing power parity theory. Explain why..
Why does a portion of Chinese residents' expenditures on goods and services exported from the United States to China likely add to the earnings of Chinese firms and those firms' managers and workers?
In class we have dealt with the profit function defined as:
A cable network collected peoples opinion about candidates in the coming election. They sent up website and analyze responses.
A perpetuity-immediate pays 50 per quarter, and has a present value of 2000 at an annual effective interest rate of i.
What are the Tools of The FED that The FED uses? What is (define) The Discounted Rate? What is the purpose of The FED's Discounted rate?
Explain (with the help of an example) the concept of derived demand for factors of production. The answer must be explain the concepts as if your explaining it to a person who have no knownlege with the subject.
q1. illustrate what is a random walk? explain how is halls random-walk model of consumption related to the life-cycle
If the cities were the growing centers of economic opportunity, why did many of the people that moved to the city during the Industrial Revolution experience shorter average life spans than those who remained in the country?
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