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1. An economy has high nationwide unemployment. Discuss and critically appraise the government's policy options.
2. What do you understand by the terms:
(a) NAIRU and
(b) hysteresis?
3. How might cyclical unemployment be tackled?
Could currency at least be eliminated? How? (Lest all this seem too unworldly, you should know that some people are beginning to talk of a "cashless economy" in this century.)
What is meant by economies of scale?
The inverse demand curves for each of the two groups are given below. The marginal cost (which equals the average variable cost) of serving an additional patron, either senior or everyone else, is equal to $4. Fixed costs are equal to $1000.
From the equation of the line, predict the gross national product in 1987. (The actual figure was 4488.5.)
the number of unemployed workers declined by only 1.1 million. How are these numbers consistent with each other Why might one expect a reduction in the number of people counted as unemployed to be smaller than the increase in the number of people ..
Show that (9.39) does not apply at any finite time if the economy starts at t = 0 with an arbitrary age distribution.
The marginal cost of maintaining apartments that are over 15 years old can be expressed as P = 90 + Q The marginal cost of maintaining apartments newer that can be expressed as P = 120 + 2Q where P is the amount of rent in dollars paid each month and..
What four equations describe the Pareto optimal allocation in which Harriet's utility is 8?
a high-tech company in the us can have one of the popular items made offshore at half the price of making them in the
Finally, please make sure percent similarity is low from previously submitted papers by other students using apps like Turnitin. If high, answer will be rejected.
A friend of yours just bought a new spots car with a $5,000 down payment, and her $30,000 car loan is financed at an interest rate of 0.75% per month for 48 months. After 2 years, the "blue book" value of her vehicle in the used-car mark..
Jennifer contemplates installing certain new machines that will reduce the labor time required on certain operations. These will increase the connected load by 10hp, but since they will operate only on certain special jobs, will add only 100 kWh p..
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