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What does a nation’s unemployment rate indicate? Describe what type of unemployment you think each of the following illustrates:
a. discharged armed forces veteran
b. bus driver who has been laid off due to cuts in his or her city’s transit budget
c. worker who was injured on the job and must start a new career
d. lifeguard
e. dental hygienist who has quit one job and is looking for another
What changes in the organization and activities of the Federal Reserve Board would you suggest to improve its operations? Should the Fed be more or less powerful? Which of the monetary policy tools -- Open Market Operations, Discount Policy and Reser..
Setting up nurse practitioner clinics to serve 20,000 newborns in Georgia would cost $6 million. This program would increase life expectancy at birth from 75.1 years to 75.3 years. How many life years would be gained? What is the cost per life year? ..
Tina hires leff to do odd jobs around her horne and agrees to pay him $5 per hour' Tina further agrees to guarantee Jeff at least 40 hours of work per week' and to pay him l,5 times his base pay for any hourswor kedbeyond 40. If Jeff works 45hours th..
It is well-known (from chapter 10 in the text that is not covered by this test) that college graduates tend to migrate across state lines much more than high school graduates do. What does this imply about the relative willingness of state government..
7) in 1988, the average wage rate was 9.45 an hour and in 2008 the average wage rate was 18 an hour. The CPI in 1988 was 118.3 and in 2008 it was 215.3. which is real wage rate is higher?
What is output that should be produced to achieve economic efficiency and the value to society for correcting the externality.
What causes movement along AD curve? What causes a shift in the AD curve? What are the factors that affect consumer spending ( C)? What are the factors that affect changes in Investment spending (I)?
Explain how you would calculate the price elasticity of demand of gasoline? In general terms, explain how consumer and producer surplus will change as a result of this price increase?
Suppose you have three indivisible assets, A, B and C with internal rates of return 2%, 5% and 10% respectively and initial costs of $1, $4, $5. Suppose you have $8.0 at 1% and can borrow at 8%. What is the incremental cost of funds on asset B?
Last week, jorge purchased a $45 ticket to a soccer game scheduled for this Thursday. If he attends the game, he'll miss three hours of work, where he's paid $15per hour. While he can't return the ticket, he can resell it online for $30. Attending th..
The lag that arises because policymakers may not immediately get up-to-date statistics on economic variables is known as the______lag. In case of positive inflation rates, i. both borrowers and lenders of fund lose out. ii. both borrowers and lenders..
ohn also Jeremy are utilitarian's. John believes to labor supply is highly elastic while Jeremy believes to labor supply is quite inelastic.
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