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Problem
Using the Labor Force Statistics from the Population Survey Historical Data perform the following operations-
a. Using data from the A-15 alternative measures of labor underutilization historical seasonally adjusted data for all months from 2008-2018 create four separate graphs representing the U3, U4, U5, & U6 rate (use the BLS graph generating function then cut images and past into this Word file)
b. For the period of the great recession (12/07-6/09), which metric of unemployment peaked first, second, third, last? Based on this, which would serve optimally as a leading indicator of a recovery?
c. Assuming the Civilian Non-institutional Population grows at the same rate as our overall population (1% average per year), determine how many jobs must be added per month to ensure all new Civilian Labor Force participants have a job available. (Use the January 2018 labor force participation rate to solve this problem) Based on your data from the January 2018 Establishment Survey did we achieve this goal?
The following graph shows the daily market for wine when the tax on sellers set at $0 per bottle. Suppose the government institutes a tax of $5.80 per bottle, to be paid by the seller.
What behavioral factors might indicate Jane's higher discount rate? What is the approximate internal rate of return for the investment in education indicated in this problem?
The cost of conventional medications for diabetes has risen by an average of 13.1% per year over the past four years.
Many consumers view a well-known brand name as a signal of quality and will pay more for a brand-name product (e.g., Bayer aspirin instead of generic aspirin, or Birds Eye frozen vegetables instead of the super- market's own brand). Can a brand na..
Let u(x,y) = x1/3y2/3 and let I = 100, Px = Py = 1. Write the FOC for the consumer's UMP and compute the consumer's demand function. Let U(x,y)=5x+4y and let I denote income and Px,Py the prices of the goods. Compute the demand functions for good..
Calculate Ali's monthly profits (express a loss as a negative number) if he chooses to produce the profit-maximizing quantity of wheat at a price of $56.00
Joe earned a high grade-point average during his four years of college. Is this achievement a strong signal to Joe's future employer that he will be a highly productive worker? Why or why not?
Analyze the impact of a country's net balance of payments on the relative exchange rate for a country's currency.Analyze the impact of a country's net level of interest rates on the relative exchange rate for a country's currency
Define the terms listed below. You should write a paragraph explaining each concept as if you were writing for your 15-year-old sibling.
If Martina is the author, then the book is fiction. But the book is nonfiction. Therefore Martina is not the author.
If an increase in the interest rate lowers savings, then
Analyze the economic and sociological forces that drove the market equilibrium to unsustainable heights and the shocks that brought the markets back down. What might be done to moderate the effects of these economic swings?
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