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1. The United States is currently recovering from its bad recession in over twenty-five years. Applying the resource provided in this and earlier modules of course describe what factors or activities you think helped cause this economic condition. Explain your answer.
2. Economists classify macro-economic indicators as leading, lagging, or coincident. Define each classification and give two examples of each relating the recession that began in 2007 and the recovery that is now under way.
3. Differentiate between seasonal economic factors and cyclical economic factors.
4. In the past some economists stated that the business cycles can be eliminated. Do you agree it is possible for the United States economy to never have a business cycles?
5. Briefly explain what you would have proposed, as President of the United States, to end the 2007-2009 recession.
Economic growth, as examined through raise in real GDP per capita, is a target for most countries. This is often interpreted as an raise in economic welfare for citizens.
Advertising can inform purchaser, but sellers must incur expenses to advertise. If so, advertising can result in higher prices to customers.
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
Determine national income (NI) for 2008 and what does national income tell us? Discuss the difference between GDP and NI?
Based on the information for the U.S. for the period 1970 to 1983, the following regression results were obtained, GNPt = -787.4723 + 8.0863M1t r2 = 0.9912
There are six companies in the industry. Assume their sales in the year 2006 are as follows, Determine the concentration ratio in the industry
Examine and interpret information trends over the most recent 3-year period to evaluate the economy and Canada's current economic status.
The price earnings ratio for each stock is determined through dividing the value of a share of stock by the earnings per share reported by the firm for the most recent 4-quarters.
I have a time series set of data of workers in motor vehicle industry from 1972-2001 as well as average weekly hours of workers in motor vehicle industry
Multiplicative decomposition method
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
The joint probability distribution on the returns of two securities X and Y is demonstrate in the table below.
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