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Write a minimum of a five-page essay, using proper APA format, on the topic of unemployment in the U.S. Use a minimum of three scholarly sources. You have the freedom to take any aspect of unemployment that you desire to research.
All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA style.
Assume that there are no surprises, with all economic agents and the central bank having full information about shocks that are hitting the economy. Suppose that there is an increase in total factor productivity. What should the central bank do in re..
Was monetary policy (money supply and interest rate related to investment) part of John Maynard Keynes's principles and theories that he advocated? Or did he only contribute to fiscal policy (government spending and tax rates)?
Identify one product that is commonly bought and sold in the economy that has experienced a recent price change. Based on your understanding from the readings and the other material from this module, provide three reasons why you think that price has..
The use of artificial trade barriers, such as tariffs and import quotas,
Present a thorough analysis of the inverse relationship between inflation and unemployment reflected by the Phillips curve. Describe the importance of expectations and how they affect the actual relationship between the inflation rate and the unemplo..
Suppose that in voting fraud around the country the government is forced to spend billions of dollars in legal fees. Analyze the effects of such a massive increase in government spending in both the classical and fixed price Keynesian models when the..
In a certain bank, previous records show that out of 200 prospective customers walking into the bank, 100 open a checking account, 50 open a savings account and 30 open both accounts. What is the probability that a customer will open savings account ..
Brad will graduate next year. When he begins working, he plans to deposit $3,500 at the end of each year into a retirement account that pays 5% interest. How much will be in his account after 40 deposits?
Private ownership in the market system is believed to enhance innovation and faster growth than in the command economic system. With examples, explain why or why not this statement is true.
Firms in monopolistically competitive industries are likely to benefit from economies of scale. State whether you agree or disagree with the above statement.
You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is -6, while group 2’s is -4. Your marginal cost of producing the product is $50. Determine your optim..
A 5 percent increase in the price of digital apps reduces the amount of tablet devices demanded by 3 percent. What is the cross price elasticity of demand? Are tablet devices and digital apps complements or substitutes?
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