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Visit the Bureau of Labor Statistics website, and click on "Employment Situation Summary" to get the most up to date summary of unemployment in the United States or "Employment Situation Summary Table A. Household information, seasonally adjusted." What interests or surprises you about the summary table? How does that rate compare with the rate in the previous month or quarter? Determine the differences in unemployment rates by gender, age, education, etc.
In a closed economy without a government sector, consumption is determined as 80% of the income available to households. Investment is autonomous at a level of £450.
Lisa is a lawyer and there are two tasks that she hates to do, even though her job requires it. Draw a graph with hours reading on the horizontal axis and hours writing on the vertical.
Utlizing the aggregate demand and aggregate supply model, draw an economy in a boom.
Assume you are given the following information about a particular industry, Determine the equilibrium price, the equilibrium quantity, output supplied by the firm, and the profit of each firm.
What happens to his consumption of Y? Calculate the coefficient of price elasticity and of cross price elasticity. Also draw the demand curves for X and Y, noting the equilibrium points for this consumer before and after the price change in X.
Illustrate what yield curve shape is depicted if intermediate term tresury securities yield
The price elasticity of demand for a textbook sold in the US is estimated to be -2.0, whereas price elasticity of demand for books sold in overseas markets is -3.0.
The United State is currently running an $800 Billion trade deficit. Is this bad for the economy? Suggestion: use the GDP computation, GDP= C + G+ Ig + Xn.
Discuss why the number of children that a family has may differ between an Industrial Society and a Third World Agrarian Society.
Assume that an engineer is deciding either not to move to northern Virginia or remain at his current job in Milwaukee.
Show that leisure must be a normal good for the labour supply function to be downward sloping.
Explain how it affects industry's margins forcing them to push up their product sale price etc.
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