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Suppose that the natural rate of unemployment in a particular year is 5 percent and the actual rate of unemployment is 9 percent. Use Okun's law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion in that year, how much output is being forgone because of cyclical unemployment?
Show the long-run effects of an increase in demand for the industry, and the effects on a perfectly competitive firm's price, marginal revenue, output, and profits for a constant-cost industry.
a manager hires labor and rents capital equipment in a very competitive market. currently the wage rate is 6 per hour
Two companies produce the same product. The firm's each determine their own output and the combined output of the two is sold at the market price.
What are public goods and their characteristics? What policy tools might be needed in the case of public goods?
The impact of changing from a federal income tax to a federal consumption tax would be:
Illustrate what sectors of the economy are likely to expand or recover in the near future. Illustrate what sectors may be the most vulnerable in the next year.
Discuss the differences between series and parallel circuits. What are some advantages and disadvantages of each type?
What happened to the theory that the savings in gasoline would be spent on othec things - what did the latest government data show about spending?
What nation did you choose and why does this county interest you. What are some facts about this country.
During March 2001 and March 2002, measured RGDP in the economy actually increased by about 2.5 percent, even though total employment in terms of hours worked declined through 1.8 percent and the unemployment rate increased sharply from 4.3 percent to..
Find the capitalized cost of a present cost of $330,273, annual costs of $41,182, and periodic costs every 5 years of $75,087. Use an interest rate of 10% per year.
What are the effects of increase & decrease in GDP growth in daily life?
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