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Assignment:
1. How is GDP measured?
2. What are potential GDP measurement issues?
3. What is the difference between real and nominal GDP?
4. Examine the current monthly Employment Situation Summary report from the BLS at
5. Explain how Okun's Law estimates the costs of unemployment on the economy.
6. Discuss why it is very difficult to reduce the unemployment rate below the natural rate?
Given Firms in a market face C(Q)= ((Q^2)/3)+2 and market Demand Q^D(P)= 60-p Derive long run values Q* p* Q* n* Furthermore Suppose only one firm faces.
Describe the economic outcome of this single-price monopoly in terms of profit. Who gains and who loses in the long run? How does the Futures Unlimited Corporation make output and price decisions? How do different types of price discrimination affect..
jet blue corporation continuously offers fare discounts to attract customers awareness about the company increase
to the permanent income hypothesis, households will tend to react to a temporary tax cut by assuming the new tax level will be permanent.
Farmer Bean is selling green beans in a purely competitive market. His output is $1,400 units, of which each has a marginal revenue of $2.50. What is his average revenue?
Should we distinguish between collusive outcomes and collusive conduct? Why does tacit collusion in the commercial waste hauling business often take the form of exclusive territories?
assume that you have been appointed as the speaker of the house. you must deliver a speech about the current state of
In a few sentences describe the characteristics which highlight, underscore or define the group or culture which may be unique to your group. It may be helpful for you to list the characteristics.
At a management luncheon, two managers were overeat arguing about the following statement "A manager must never hire another worker if new person diminishing returns". Is this statement correct? If so, why? If not, discuss why not?
Oil is an example of a commodity, which is something of value that is traded in bulk in global markets. Other examples are gold, coal, natural gas, grain, etc.
Which fiscal policy measure is more likely to have a greater impact on the economy when unemployment is rising and consumer confidence is falling.
Do you think that in the real world, monopolies do serve a valuable role as providers of highly specialized products and services that may not be efficiently
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