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Write down the consumption function (Hint: Make sure you use the appropriate numbers from the above table as the true representation of the observed data)
Consider the IS-LM-BP model of an open economy with sticky price levels in local currency, perfect asset substitutability, perfect capital mobility.
Employeement will rise - however what will happen if the market is characterized by sticky wages?
Provide a well-labeled diagram with your answer, and be sure to analyze the effect on the marginal expenditure curve
Two goals of monetary policy in the United States are price stability and full employment? Are these goals always consistent with each other?
How do we define the total value of economic output and how do we measure it?
Where does the opportunity cost enter the picture? Treat this question as a financial tradeoff: the lost interest vs. the gained rent
Question: Consider an economy with the following Cobb-Douglas production function:
Some economists did a study of the market for economists in Britain. They found that the quantity demanded was about 150 per year
a. Complete the table. b. If the wage rate is $5.00 per hour, how many workers should this firm hire to maximize profits? Why?
Add 2 additional columns to the table, and enter the marginal product and average product for each number of workers
Select Employment Situation Summary. What month (and year) is summarized? What was the unemployment rate for that month?
Why hasn't the Fed's policy been more effective over the last 2.5 years in restoring strong growth and full employment to the economy?
Question: How do labor unions alter a labor market? Papers should include a title page, writing, and a reference list.
What can you infer from this data about labor productivity growth in the US economy during the period March 2001-March 2002?
The ability for the economy to eliminate any imbalances between actual and potential output is sometimes called self-correction.
Show the short run effect of this tax cut using the IS-LM model (MUST draw the chart and show the IS and LM curves and MUST explain how you came to conclusion)
Provide a theoretical justification for why the imposition of a $5.15 minimum wage in Guam might have a detectable impact on overall employment
In which direction with the substitution effect change the firm's employment and capital stock?
What was the growth rate of nominal income between 1993 and 1994? (Note: The growth rate is the percentage change from one period to the next.)
What are the expected effects on labor force participation according to your model?
Question: Describe an organization's staffing practices and selection tools in response to two of the following trends:
What conclusions can be drawn about basing business plans on the latest monthly employment and unemployment data?
How many workers will JockMart hire to maximize its profits, and what wage will the farm pay?
Mr. Whammo has just invented a magic pill. Take it, and it transports you anywhere. Explain his inventions effect on the economy.