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Unemployment varies from region to region.
b. Identify which type of unemployment (seasonal, cyclical, frictional, or structural) is the biggest problem in New York
c. Defend your choice by providing specific examples, statistics or facts (Be sure to provide citations for these examples, statistics or facts)
d. Suggest one government program that could be instituted to address this type of unemployment in New York.
Much has been made of the fact that people don't consistently act with scientific rationality. What is meant byrationality? Consider the three "systematic mistakes" discussed in your text. It is possible to act irrationally simply because people ca..
How will equilibrium GDP change is G increases by 100, and what is the new equilibrium level of GDP? How will equilibrium GDP change if G and T both increase by 500, and what is the new equilibrium level of GDP?
If you were having a conversation with a Keynesian and a Classical economist, and the conversation turned to why the economy is experiencing high unemployment and what the government should do about it
Name and differentiate the two approaches used to analyze utility (consumer behavior).
The original price of the commodity Y is $8 and the quantity demanded for the commodity X stands 80 units. Calculate the cross price elasticity if the price of Y changes to $12, with the demand for X increasing to 100 units. Interpret your answer
How does your decision to invest in a college degree add to your capital stock? Show this on your projected production possibilities frontier for ten years from now compared to your production possibilities curve without a college degree
Think of a product that you have purchased recently (e.g. soda, diapers, takeout meals, milk, shoes, manicure/pedicure, video game, etc...). Explain how the law of demand affected your purchase.
Are those millions of other corporations, sole proprietorships, and partnerships outside of big business fairly insignificant to the U.S. economy then? If not, then what is the importance of these smaller companies to the national economy?
Give at least three explanations of why economic reasoning would argue that this is to be expected.
Aggregate demand curve is negatively sloped in part because of the impact of interest rates and the economy is in short-run equilibrium.
What is the growth rate of real GDP - what is the change in the real rate of interest and nominal rate of interest?
Corruptions Perceptions Index. Use the data fromTransparency International ( http://www.transparency.org/) to compare three countries: One in the top 20, one in the middle of the rankings, and one in the bottom 20. What causes the countries to ear..
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