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Evaluate the following statement as true or false and explain: "Periods of higher unemployment are associated with much lower proportions of unemployed workers finding jobs"
Data for an economy shows that the unemployment rate is 10% the participation rate is 80% and 20 million people 15 years or older are not in the labour force.
Two different brands of milk are randomly samples, and the fat content in each bottle of mild is determined. Twenty six bottles of Brand A yielded an average fat content of 26 grams with a standard deviation of 5 grams, and 31 bottles of Brand B yiel..
You take $1000 you had kept under your mattress and deposit it in your bank account. If this $1000 stays in the banking system as reserves and if banks hold reserves equal to 20 percent of deposits, by how much does the total amount of deposits in th..
Evaluate the impact of the proposal to cut prices on (i) total revenue, (ii) total cost, and (iii) total profits.
A health reform plan recommends introducing a tax of $20 per day on hospital stays. How this new tax will affect hospital supply curve? Draw a diagram to illustrate your answer.
What is MPS? What are the non-income determinants of consumption and savings? What is interest rate? What is expected rate of return?
Production and expenditure approaches to GDP: Consider three firms: firm A, a mining enterprise; firm B, a steelmaker; firm C, a car maker. Calculate the GDP of this economy by the product and the expenditure approach, based on the following assumpti..
Use examples to demonstrate the connection between SQL commands and transactions, discuss the role of transaction log.
Land-use restrictions may be intended to correct inefficiencies in urban land markets. However, they also impact the distribution of educational resources, and thereby contribute to educational (and economic) inequality in the U.S. Name one land use ..
If the employer offers a salary equal to the average productivity in the population, what will be the employer' s per-employee profit?
Suppose that the production function is Cobb- Douglas with parameter a = 0.3. What fractions of income do capital and labour receive?
What is the relationship described above? What is the shut-down condition? Explain. And how does the supply relationship change in Monopoly?
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