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1) If there are 150 million people in the labor force and 10 million of them do not have jobs but have looked for work in the last month what is the unemployment rate?
2)If next month 5 million people who have been discouraged workers start looking for work what will the unemployment rate be?
If foreign producers can sell in the domestic market, what is the equilibrium price What is the equilibrium quantity? How much is sold by domestic and foreign producers, respectively What is the revenue for domestic and foreign producers, respecti..
Calculate the equilibrium real wage rate and the equilibrium quantity of labor. Suppose that the nominal wage rate equals 60. In the short-run, aggregate demand and aggregate supply are equal at a price level of 1.0. Compute the real wage rate.
Next, consider the follwoing three scenarios and to describe the likely effects of an activist policy in both the short and long run.
The primary reason for the creation of the Federal Reserve System was (a) the desire to reduce or eliminate bank panics. (b) the desire to stabilize short-term interest rates. (c) the desire to eliminate state-chartered banks. (d) the desire to cr..
Lets say the US plans to spend billions of dollars on a mission to Mars. List a few of the possible opportunity costs of the mission. What resources will be used to execute the mission, and what do we sacrifice by using these resources in a mission t..
Graph the accompanying demand data, and then use the midpoint formula for Ed to determine price elasticity of demand elasticity of demand.
What other ways are movies distributed? What are the different price points? Using this information, draw a fully labeled graph of the market for movies in which the distributor of the film price discriminates.
the study of how to increase resources and create conditions that will make better use of resources. Resource development or Economics or else.
Springsten Music Corporation earned $820 million last year and paid out 20% of earnings in dividends. By how much did the company's retained earnings increase?
The value of a home depends on how attractive other homes and yards in the area are. How do local zoning ordinances try to promote land uses that generate external benefits for neighbors?
What are the relationships between these basic units? How does a circular flow diagram illustrate these relationships?
Research trade between the United States and another country in any one of the following areas: customer support services, garments, medical services, or technical products. Discuss the following points a. How is this trade arrangement beneficial
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