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In 2014 in a country with a labor force of 100 million, 6 million people were unemployed. In 2014 the number of unemployed people increased to 7.750 million. Assuming that the labor force did not increase in 2014, use the Okun’s law and formula predict the percentage change in real GDP for 2015.
Hint: use unemployment formulas and Okun’s law. Please show work.
Elucidate how each of the following people would talk about scarcity and trade-offs. The President of the United States and the leader of a developing nation.
q1. confronted with a choice between 50 today or 100 one year from now economic experts suggest that the vast majority
q1. illustrate what are the reasons for differences in price elasticity of demand between different products? explicate
The political business cycle refers to the fact that about every four years some politician advocates greater government control of the Fed.
calculate the mean median also mode for the value of a house also for the value of a car. Illustrate what can you surmise about the data.
Make sure to make available examples of real world to strengthen your position of wherever this might be case
q1. third national bank has reserves of 20000 and checkable deposits of 200000. the reserve ratio is 10 percent.
A perfectly competitive firm’s profit-maximizing price is $15. At MC = MR, the output is 100 units. At this level of production, average total costs are $12. The firm’s economic profits are
Why is it important to know Elucidate how much output is being produced
Elucidate each of the following statements using supply- and- demand diagrams. a. " When a cold snap hits Florida, the price of orange juice rises in supermarkets through-out the country."
Should the United States pass a minimum wage that assures all workers earn a wage above the level of poverty.
What is a commercial bank and how do they act and what is a security? Name 2 or 3 different type of securities?
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