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Gap between the most highly skilled in the population and the least skilled will begin to fall in the near future. Explain the theoretical reasons for the claim
One result of globalization is off-shoring which has had its share of economic impacts on domestic employment as well as world employment.
a. Is the firm on its expansion path? Why or why not?
On the same graph, plot the labor demand data. What are the equilibrium wage rate and level of employment?
Question: How can federal government spending crowd out private sector investment and consumption?
Question: Discuss the advantages and disadvantages of a common currency (the Euro for example).
Suppose that the economy is currently in a recession. If policy-makers take no action, how will the economy evolve over time?
The slides build the model up one step at a time and provide an introduction to business cycles in the macroeconomy.
If there was a mandate that firms had to pay all workers' health insurance, regardless of their time with the company
Question: Suppose the U.S. government is considering changes in economic and social policy to reduce wage inequality.
Would you give an example of how a macroeconomic phenomenon has impacted a personal or business decision of yours?
Research and define the terms below and summarize how each relates to health care. I have the definitions but i am unsure how they relate to health care.
What good is economic theory if it cannot predict an individual's behavior? give examples of the use of economic theory.
You are the adviser to a Benevolent Social Planner. GDP is falling and the economy is in a recession.
What would happen to the U.S. trade deficit and to the U.S. exchange rate if Japan ran an expansionary monetary policy?
Distinguish between two sources of inflation. Explain why steady inflation is likely to be less harmful to an economy than a situation
Use the insights of the classical and Keynesian views of wages and unemployment to explain the differences in unemployment rates
Which country has a comparative advantage in technology and by what amount.
Explain the difference between the government purchases multiplier and the net tax multiplier. If the MPC falls, what happens to the tax multiplier?
Question: Who has the responsibility to reduce or eliminate unemployment? What is the role of business? What is the role of government?
What will be the free market wage rate and employment level? Suppose the government sets a $5.00 per hour minimum wage. What will be the employment level?
Contrast and discuss capitalism's and socialism's solutions to the three economic problems (what, how & for whom to produce).
Which of the following is a factor that determine the amount of dollars supplied in the foreign exchange market?
Find the interest rate that is consistent with equilibrium in the goods market.
How is the procyclical behavior of average labor productivity related to Okun's Law?