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There is one scenario where the unemployment rate would probably be underestimated due to the discouraged worker effect. One where the rate would probably be underestimated due to underemployment. One scenario where the rate would probably be overestimated due to the underground economy and one where the rate would probably be overestimated due to government encouraged unemployment. There is also one scenario with none of these errors and the unemployment rate is probably accurate. Identify which for each scenario.
Corporation X lays off 500 skilled workers when general unemployment is low.
Unemployment benefits and time of eligibility are raised while unemployment is low.
Corporation X reduces the hours for 500 unskilled workers.
Country Y has little ability to track jobs and income, and has high taxes.
Corporation X lays off 500 unskilled workers when unemployment is extremely high.
Some reject fiscal stimulus measures in all policy forms. Explain what the various limitations are to a successful fiscal stimulus. Be sure to consider the damaging activities and decisions of (a) private corporations, (b) commercial banks, and (c) w..
Which of the following are costs of high and/or unexpected inflation? Which of the following is NOT a function of the Federal Reserve?
Why do you suppose that some publishers are selling space for advertisements in their e-books-and sometimes even in physical books? From an economic standpoint, how could we explain the willingness of someone to pay $19.99 for a physical book that is..
A pet store is considering adding an employee discount of 25% off anything in the store to the benefits the employees already receive. What are the long-run implications of adding this benefit to the wages that its employees receive and to the type o..
"Consider the following statement: "Employers should be able to replace permanent workers during a strike." Do you agree? Explain why."
The nation of Isolani forbids international trade. In Isolani, you can exchange 1 car for 5 motorcycles. In other countries, you can exchange 1 car for 4 motorcycles. These facts indicate that
Illustrate what is included in determining any of measures of money supply. If spending increase is 80% and it increases by $40 billion, Explain how does that change GDP.
When other companies refused to follow the increase, American Airlines made an attempt to gain customers in the competitors' markets by applying aggressive discounts on the tariffs.
You are the manager of a large crude-oil refinery. As part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year.
Use the midpoint method to Compute your cost elasticity of demand as the cost of DVD's
A major defence supplier expects to generate additional revenue from its recently won government contract. The company expects the revenue will be $110 million in the first year and the revenue increasing by $2.5 million each year for the next 4 year..
Comput the following with an explanation how you arrived at each result. The Amount Consumers will spend on new consumption.
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