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Some economists argue that unemployment is largely voluntary and other say it is largely involuntary. Pick a point of view and argue for it. Feel free to use real examples for your answer, be sure to address the other side as well, that is not only why your view is right but why the other is not.
What would be the effect of a $5000 increase in the competitors' advertisement expenditure and outlet demand curve c) What would joy's advertising expenditure have to be to counteract this effect?
You just received a car loan for $20,000. The terms of the loan are for 5 years at 6% annual interest, compounded monthly. What is your monthly payment? For the first month, how much of this payment goes to principal? For the first month, how much of..
Suppose the government increases expenditures by 120 billion dollars while increasing taxes by 120 billion dollars, and mpc = 0.8. Assume that there is no crowing out, or acceleration effects. What is the combined effect of these changes on GDP? In o..
He plans to marry at about the end of year 6 and will skip the investment contribution that year. How far below or above his $300,000 goal will he be?
In this discussion, you will explain the role of the business cycle in government and private sector decisions. Data on GDP and economic growth are considered lagging indicators because they report information on what is already known. How reliable a..
How do the following events influence GDP? Each of five mothers living in a neighborhood takes care of her pre-school child in her own home. The mothers share the childcare work, each one taking all five children one day a week. A Japanese company bu..
Can you explain the law of diminishing returns in your own job place. Can you find a counter example.
Suppose that a labor economist performs a statistical analysis on economy-wide worker wages using standard, measurable explanatory factors, such as job characteristics, years of schooling, and so forth.
Integrating Problem Samantha Roberts has a job as a pharmacist earning $ 30,000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $ 40,000 per year or to purchase a pharmacy that generates a revenue of $..
Why do you think the compensation plan differ at the two firms. In particular why do you think Kaufmann s pays commission to salespeople, while Parkleigh does not.
Illustrate what effect would customer expectations of substantial price increases in music players have upon the demand for portable music players in a completive marketplace
Suppose you are in charge of a toll bridge that costs essentially nothing to operate. The demand for bridge crossings Q is given by P= 15 - 0.5Q. How many people would cross the bridge if there were no toll? What is the loss of consumer surplus assoc..
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