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If government decides to eliminated the Employment Insurance system, what would be the effect on the level of frictional unemployment? What would be the effect on the level of real GDP? Would well-being in the economy be increased?
Describe the main explanation for the downward rigidity of wagesin the modern macro economy. Evaluate their probability of being correct and important.
If a nation's real GDP has increased faster that its population over a period of time, then we would conclude that: real GDP per capita increased faster than real GDP population grew slower than real GDP per capita real GDP per capita.
Public Insurance and HealthWhat is "take up"?What is "crowd-out"? What does the evidence show about take up and crowd-out from Medicaid expansion?Why did Hawaii end its universal child health care program?
Determine trade terms with each of the other island leaders and describe those terms. Both parties must accept the trade terms for them to take effect.
How would you put dollar values on the benefits and costs of truck safety regulations? Do befits exceed costs?
If the tax multiplier is -1.5 and a $200 billion tax increase is implemented, what is the change in GDP, holding everything else constant? (Assume the price level stays constant.)
Elucidate the dispute resolution options available to Bobbie Sue and Suzy Q and the primary differences between each option.
Using the schedule below as a starting point, create a supply schedule and a supply curve that shows the following information: American automakers are willing.
A depreciable asset with a three-year life has a first cost of $30,000 with a $6,000 salvage value. The machine's operating cost is $10,000 in year one, $12,000 in year two and $14,000 in year three. According to the straight line method, the depr..
An individual wishes to deposit an amount of money now and $100 every six months so that at the end of five years $1,500 will have been accumulated. With interest at 4% per year, compounded semiannually, how much should be deposited now?
The United States is one of the wealthiest country on earth, yet our fundamental economic difficulty is scarcity. How can this be? Also, determine the broadest and narrowest measures of money & how are they used?
Explain how individual economic decisions affect this market failure and how economic principles can be applied to modify those individual decisions to help correct the market failure.
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