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With the unemployment salary at an hourly rate of $7.25 do youbelieve that this helps our economy, does it hurt oureconomy? Should it be higher as there are other states andcountries that have a higher base salary for unemployment
Illustrate why is it difficult for the Fed to decide whether or not to change its interest rate target in the federal funds market.
Assume labor's share of GDP is 70% and capital's is 30%, real GDP is growing at a rate of 4 percent a year, the labor force is growing at 2 percent, and the capital stock is growing at 3%.
Elucidate what does it mean to specialize according to one's comparative advantage and trade internationally and an example of a business using this principle.
Use the classical model and the quantity theory of money to predict how each of the following shocks would affect the real wage rate (W/P), the real interest rate (r), real aggregate income (Y), and the price of goods and services (P) in a closed ..
In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?
Elucidate the difference between a monopoly and an oligopoly, and a cartel. Provide an example of a monopoly, an oligopoly, and a cartel. Describe the welfare effects of monopolies and oligopolies.
Suppose demand function has changed t0o Qd2 = 14-P. What is the new equilibrium price and quantity. Show your work
The demand for coffee cakes is less than or equal to 4. Five pounds of flour and 2 pounds of sugar are required to make a pan of coffee cakes, and 5 pounds of flour and 4 pounds of sugar are required to make a pan of Danish pastries. A pan of coff..
Green sister has a dso of twenty days. The firm average daily sales are $20,000. What is the level of its accounts receivable? Suppose there are 365 days in a year.
imply a lower standard of living in every of the three nations compared to the situation where they are united into a single new country.
Consider a simple economy with only Robinson Crusoe, coconuts and leisure. He has utility U (c,l) = c^(1/2)*l and a production function C=L^(1/2), where c is the amount of coconuts he consumes, l is the amount of leisure he consumes, and L is the ..
(Contractionary Gap) What does a contractionary gap imply about the actual rate of unemployment relative to the natural rate What does it imply about the actual price level relative to the expected price level
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