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The model of the steady-state rate of unemployment assumes that the size of the labor force is fixed. If the size of the labor force is allowed to vary:
1 please tell me how the job-loss and job-finding processes will differ from the situation when the labor force is fixed.
2 and how interpretations of changes in the unemployment rate will become less clear?
Suppose that 3% of the employed lose their jobs each month and 15% of the unemployed find a job each month, what is the steady-state rate of unemployment?
In Illustrate what way are entrepreneurs also businesses at the helm of the economy but commanded by consumers?
Recently, the U.S. Supreme Court ruled that cities could have voucher programs that give money directly to parents, and the parents can then choose between competing schools: public and private. The idea for promoting such a ruling was to create comp..
q1. what is meant by average propensity to consume? suppose that 1000 out of 10000 disposable income is saved. what is
Industries in the US also Europe can produce only two goods, cars also wheat. For given resources also technological how. Industries in the US can produce 1000 tons of wheat if no cars are produced.
Statistical analysis indicates that a=0.8 and b=0.3. The firm's owner claims the plant has increasing returns to scale.
An important way to reduce water pollution from farms is to plant a buffer zone between crops and the water. Economists estimate that for each bush there is a $20 gain in reduced pollution. What is the market clearing equilibrium price and quantity?
If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent what is your rate of economic profit
Elucidate why the boundaries of the firms that group members currently work for are dawn at their current limits, and consider whether there are opportunities to increase the returns generated.
How does the Federal Reserve lower interest rates, and explain why it wants to keep them low at the present time?
The bureaucratic form of government is so prevalent in public agencies and tends to result in a slower paced, less consumer oriented management
q.a major producer of consumer goods set out to forecast the price of fresh salmon three years ahead. such a forecast
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