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Labor Force, Inflation Rate
The size of the labor force in a community is 500, and 400 of these folks are gainfully employed. In this community, 100 people over the age of 16 do not have a job, and are not looking for work. In addition, 200 people in the community are under the age of 16. The unemployment rate is...?
Suppose nominal GDP in 2000 was $8 trillion and in 2001 it was $10 trillion. The general price index in 2000 was 100 and in 2001 it was 105. Between 2000 and 2001 real GDP rose by what percent?
The consumer price index was 140.3 in 1992 and 144.5 in 1993. Therefore, the rate of inflation in 1993 was about.
Explain how the Central Bank can set the nominal interest rate in the money market. In addition, explain how it can use expansionary monetary policy to boost GDP if the economy is in a recession.
Explain how is the aggregate supply curve different from the supply curve for a single good like pizza.
The demand and supply curves for gasoline (in billions per year) are given below. Using the equations, find the initial equilibrium price and the quantity in the market for gasoline.
Elucidate the fiscal policy also which factors limit its effect.
Use Excel program to estimate of the state's demand for KBC microbrews in Ohio. Print (past) the computer regression output and provide an economic interpretation of the regression results.
Elucidate the excess of cost over the marginal price at the profit maximizing price-quantity combination?
Suppose he chooses to drive 10 hours a day explain how many hours of leisure and how much consumption does this imply.
Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?
An open economy has the following pattern of income and domestic expenditure: For each of the three years, evaluate the balance of trade facing the economy.
Elucidate what is the difference among real GDP and nominal GDP.
A monopolist faces the following demand curve: P=120-0.02Q-What is the level of production, price and total profits per week?
Estimate the relationship among inflation,unemployment and business cycle on the industry.
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