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A country with a civilian population of 100,000 (all over age 16) has 70,000 employed and 20,000 unemployed persons. Of the unemployed, 10,000 are frictionally unemployed and another 5000 are structurally unemployed. Based on this data, answer the following questions: show your work for credit
A. What is the size of the labor force?
B. What is the unemployment rate?
C. What is the natural rate of unemployment for this country?
D. Is this economy in recession or expansion? Explain
Identify and explain one government policy that could be used to reduce the rate of inflation in a country, if there was rising inflation.
How did they achieve their goals? How did their efforts affect life today? Present your response in a clear, organized manner and cite specific examples.
Define and explain the significance - Bank failure and Government safety net - The United States has always had a group of national banks.
Looking at examples for minimum wage around the world, what are the likely forces driving behind this legislation?
What are the main differences between operating systems for mainframe computers and personal computers? Describe in detail the difference between the client-server and peer-to-peer models of distributed systems.
Derive the IS curve in the (Y, i) space using the aggregate demand plot in the (Y, AD) space.
What does it cost you to sleep through one of the 30 lectures in a course for which you paid $2000 in tuition? Do students put more effort into courses for which they have to pay higher tuition to take the course? Explain.
Current machines have a 5 year life and were purchased 3 years ago at $1500000 - Invest $1 Million in upgrade costs to extend the life of the machines for another 5 years - Savings in labor resulting from upgrade, $300000 per year in 1st year doll..
What were the reasons for the surpluses during those time periods?
Redraw the graph of trade diversion (Figure) with the S'Mex curve intersecting the MUS curve between points A and D.
What factors might cause a rightward shift of the aggregate demand curve? What might induce a rightward shift of aggregate supply?
In the text, we considered a sequential move game in which an entrant was considering entering an industry in competition with an incumbent firm. Consider now that the entrant, if fought, has the possibility of withdrawing from the industry (at a..
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