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How to calculate real wage?
Nominal Wages (W) (Link: https://fred.stlouisfed.org/data/AHETPI.txt ) Price index CPI (P) (Link: https://fred.stlouisfed.org/data/CPIAUCSL.txt)
Let us go back to the 1981 - 1982 recession - review the NBER site Note that officially, this recession began in third quarter of 1981 and ended in the fourth quarter of 1982.
a) Calculate the real wage (W/P) the first month of the recession 7/81 and compare it to the last month of the recession 11/82. What is the percent change in the real wage during this most recent recession?
b) Calculate the real wage during the first month of the recovery, 12/82 and compare it to the real wage right before the following recession, 6/90. What is the percent change in the real wage during this time period?
Elucidate a monopoly which formed naturally or through vertical or horizontal mergers.
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How do the changes of supply of one factor of production affect the use of other factors of production?
Describe graphically the trend of macroeconomic indicators: GDP, inflation and unemployment
In a demand curve of any given commodity, what will be the effect of a price change?
Everyone thinks there is a problem with the United State poverty figures. The conservatives think so: The Heritage Foundation calls the figures, A Soviet-style disinformation campaign.
1. Using Microsoft Excel, draw a graph illustrating the supply and demand in this market. 2. What is the equilibrium Price and Quantity in the market?
Explain the difference between inferior goods and normal goods. As a developing economy experiences increases in income (measured by GDP), what do you predict will happen to the demand for inferior goods. Explain the theory that education acts as a..
Provide reasons to explain what the government would have to do to keep the unemployment rate
Suppose you read that business inventories increased dramatically last month. What does this tell you about the state of the economy? Would your answer
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