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Explain the unemployment rate and inflation rate for your local area and compare it to the national average. Analyze how a discouraged worker will not be represented with the unemployment rate.
(APA formatting of info)
Which of the following problems are likely to be studied by a macroeconomist and which by a macroeconomist?
Why do most modern societies try to reduce poverty? Why don’t they do so by simply passing a law requiring everybody to have the same income? Explain
Compute the real GDP per person for this nation in 2001, in 2000 euros per person. Round your answer to the nearest euro.
At the equilibrium point in the above graph, which of the following is false?
Explain why would elasticity of demand be important to you in determining the products on which the taxes should be levied.
Suppose the market for cigarettes is characterized by the following information: Calculate the magnitude of the consumer surplus and producer surplus in the pre-tax equilibrium. Calculate the tax revenue in the post-tax equilibrium. Calculate the cha..
Is it fair to miscommunication to the customer in this way? Are we being accurate, unambiguous, and clear? What’s the harm if the customer opens all the accounts?
Toby is indifferent between the bundles (9, 3) and (5, 5). When Toby is at (9, 3), he would be willing to give up one unit of y if he were to receive two units of x. If Toby is at (5, 5), he would be willing to give up four units of x if he were to r..
Absalom Motors's 15% coupon rate, semiannual payment, $1,000 par value bonds that mature in 30 years are callable 4 years from now at a price of $750. The bonds sell at a price of $1,300, and the yield curve is flat. Assuming that interest rates in t..
If the value of M increased from 50,000 to 60,000 also nothing else changed which would equilibrium price increase or decrease. Would the equilibrium quantity increase or decrease.
Do you agree or disagree with the statement that: "A monopolist always charges the highest possible price."? Explain. b.) Why can't an individual firm raise its price by reducing output or lower its price to increase sales volume in a purely competit..
Explain the concept of Pareto Improvements and give examples from purchases you made during the last Christmas/Holiday season. Explain the term Deadweight Loss and cite an example of a market situation that would create such a loss.
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