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1)
a) Suppose in an economy 3% of workers lose their jobs each month while about 37% of unemployed workers found a job. What is the natural rate of unemployment for this economy?
b) Suppose for some reason the rate of finding a job were to fall from 37% to 35%, how would this change your answer to part a)
c) You read a news report that says number of employed is 50 million people. What must be the number of unemployed and the labor force for this economy (use the numbers from part a)?
d) You read a news story that explains the government is increasing the generosity of unemployment benefits. Briefly explain how this will affect the natural rate of unemployment.
Derive the correlations between P* and Y, and Q* and Y. Discuss their signs. (Quantitative methods in Economics)
List and describe the five functions critical to managerial effectiveness according to Henri Fayol’s school of thought. 3. According to the Hawthorne effect, what happens to employees while being observed?
The government is allowing for emergency procedures to aid suffering chocolate addicts.
When the monopolistically competitive firm lowers price from $16 to $12, elucidate how much does total revenue change.
Suppose a student has 9 hours available to study Economics, Spanish and Psychology with an estimate of performance based on hours of study for upcoming exams. Graph the gain in scores for studying first, second, third…., ninth hour for studying a) Ec..
One suggested remedy for high drug prices in the US is the re-importation of drugs at lower prices from other countries. Do you think this re-importation of drugs is a good idea? Why or why not? What are the costs and benefits of this practice?
The high rates of unemployment and business bankruptcies during the Great Depression of the 1930s caused a dramatic increase in government intervention in the economy of the United States. What was the original intent of this government intervention?..
Illustrate what would be the size of the resulting deadweight loss relative to the competitive outcome.
Devi has a shop in Imre where she makes lutes. making one lute costs $200. On the other hand, it costs $500 to make 4 lutes. Devi's discount rate is 20%. What is the variable cost of manufacturing 2 lutes?
Explain why the following are examples of monopolistic competition. There are number of fast food restaurant in town and they compete fiercely. some restauratheir hamburgeropen flames others fry their hamburgin addition some serve boiled fish sandwic..
The money demand curve is shown in a graph with interest rate on short term assets on the vertical axis. Why use short-term interest on the vertical axis and not the rate of return on other financial asset? What will happen to the money supply is Jam..
Discuss the advantages and disadvantages of financial statement analysis. Also discuss how it can help a manager make decisions and how it might mislead you?
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