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Discussion Post: Unemployment
In the past 3 weeks there has been over 16.8 jobless claims filed in the US, and many say that the unemployment rate is likely at 13% or so percent today. Three weeks ago the unemployment rate was 3.4%. JP Morgan estimates the unemployment rate may hit 20%, and that GDP (Gross Domestic Product may contract 40% in the second quarter.
Here is the question.......With unemployment rising at unprecedented levels, and the economy at a standstill, "Why in your opinion has the stock market recovered nearly 20% of it's March loss?"
consider a closed economy with full-employment output y 2100. government purchases are given by g 200 and lump-sum
Do you agree that the philosophy of social justice is preferable to the philosophy of market justice? Which is likely to lead to greater improvements in public health? Give an example or illustrations
In November 1999, ExxonMobil and its CEO Lee Raymond had to determine what course of action to take after two major partners, Royal Dutch/Shell and France's TotalFinaElf, withdrew from the Chad-Cameroon Oil and Pipeline Project. The project was en..
The problem belongs to Economics and it is discusses about price elasticity of requirement for gasoline in France after the Arab oil crisis in 1973-74.
A family friend has asked your help in examine the operations of 3-anonymous companies operating in the same service sector industry. Fill the missing data in the table below.
Illustrate the following situation by using supply and demand curve. a. The federal government "supports" the price of wheat by paying farmers not to plant wheat on some of their land. What will happen to the equilibrium price and the equilibrium ..
If the price of a good decreases, the substitution effect shows the increase in the quantity of the good demanded, holding income constant.
Classify each of the following as either an operating target or an intermediate target, and explain why.
The production function of MEGA Company is given by 5L(0.5)K(0.3)M(0.3), where L is labor, K is capital, and M is material. Based on this information
Show whether change causes a shift in supply curve, a shift in demand curve, a movement along the supply curve, and/or a movement along the demand curve.
Pretend that you have just been surprised with a genuine email that says you have just been selected by your favorite pizza delivery
Wall Street responded by increasing SkyWest's market valuation from $143 million to $1.1 billion after the arrangement was made. Explain, in economic terms, how this arrangement with Delta and United could have caused the value of SkyWest to incre..
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