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Question: Suppose an economy has a population of 5,000 people. 1,000 people are under the age of 16. 1,250 people are not in the labor force. 2.000 people are employed full-time. 475 people are employed part-time. Of the 475 part-time workers, 275 are also seeking full-time employment.
What is the size of the labor force?
What is the unemployment rate?
Argue the case for and against the introduction of rent controls in a particular city from the point of view of existing tenants.
Ralph Waldo Emerson once wrote "want is growing giant whom the coat of have was never large enough to cover." How does this statement relate to the definition of economics
Economics 312/702 -Macroeconomics: Problem Set 5. Suppose that r∗ increases but r is unchanged. Determine the effects of this change on consumption in the current and future periods and the current account balance
Suppose the Fed does not change the money supply. According to the theory of liquidity preference, what happens to the interest rate? What happens to the aggregate demand.
Identify a city or a neighborhood within a large city (eg: "Corktown") that you believe has potential for future business growth. Then select a product
Discuss the implications of government trade policies as they relate to the growth of the economy. What macroeconomic concepts are used in the theory of open economies?
Determine which statement below is true of ONLY contractionary policy. Select the statement below that is FALSE regarding labor force participation by gender.
Suppose the market price is $5. The producer who sells the first unit of output has a willingness-to-sell equal to $1; the producer who sells the second unit of output has a willingness-to-sell equal to $2; and the producer who sells the third uni..
Critics have argued that if there are strong factor substitution effects, these subsides can reduce employment in the state.
A long strike in the region of Roquefort-sur-Soulzon is expected to increase the price of that cheese by 16.5% at the store. Based on this information, the number of bottles of Macallan demanded will
Describe the role of quality engineers in solving software and system quality issues. Explain the difference between a Physical Configuration Audit and a Functional Configuration Audit.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope, like pollution. These are called externalities.
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