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You observe that output is above full-employment output. Politicians are arguing about the possible reasons.
Question 1: What did Keynes say we should do to Aggregate Demand during times of recession or depression?
What is the effect of this new technology on MP(L), and on MRP(L)?
Throughout the 1990s, Western Europe experienced high rates of unemployment, while in the United States, the rate of unemployment remained far below
I need to find an article, it has to be from the Wall Street Journal, Fortune, Business Week, Forbes or Entrepreneur that I can answer the following questions:
At each level of output calculate savings. At each level of output, calculate unplanned investment ( inventory change).
Suppose that businesses in this nation suddenly anticipate higher future profitability from the investments they undertake today.
Question: All of the economic implications of a tariff are due to two of its properties. What are they?
What are absolute advantage and comparative advantage? Why will resources specialize according to their comparative advantages?
What is the basic thrust of Keynesian demand-side policies? Why was economic policy based on Keynes' ideas effective in promoting prosperity in the 1960's?
Which of the following is an example of Adverse selection problem and which is a moral hazard incentive problem?
What happens to the money supply, interest rates, and the economy in general if the Federal Reserve is a NET SELLER of government bonds?
Also address the impact of real GDP, the unemployment rate, and the inflation rate as measured by the consumer price index (CPI).
You have learned that a subsidy is preferable to a tariff is the objective is to generate a given amount of employment in an individual industry.
What is the impact of the proposed tax on the optimal retirement age?
Question: Two principles of economics that help explain how wages are determined in a market economy are:
Question: Describe the relevant criteria that government statisticians use to determine whether a person is "unemployed."
Use a spreadsheet, calculate the 10-year growth rate forecast using the constant growth model with annual compounding
Could a labor union or a minimum wage law efficiently help to raise wages, increase employment, or improve working conditions in a firm that is:
Why do you think we have laws that prohibit discrimination in pay based on sex/race but permit employers to discriminate in pay based on education or experience
Identify the pros and cons of the following consequences of outsourcing decisions made by U.S. companies in response to growing globalization
Describe the different phases of the business cycle, and outline how unemployment, inflation, and GDP growth will change in the different phases of the cycle.
What is the argument for adopting this stimulus package and greatly increasing what was already a large federal budget deficit?
When the economy is close to or at full employment why is it difficult for the Fed to decide whether or not to change its interest rate target
Are unions good or bad for the economy? How do unions at GM and Ford affect employment levels and wages?