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is the natural rate of unemployment includes frictional structural amp seasonal unemployment the natural rate of unemployment contains frictional
is there any relation between inflation and unemployment the phillips curve was a relationship among unemployment and inflation discovered by
differentiate between inflation and unemployment inflation is an increase in the general price level that results in a decline in the purchasing
how does the gpi adjust for increasing us income inequalitystarting with the category of personal consumption expenditures the gpi adjusts for
in an updated gdp that contains household production how would the purchase of a car or appliance for household use be treateda car or appliance
what have been some justifications given for the historical exclusion of household production from the national accountssome reasons have includeda
why has it been difficult to produce a single estimate of an environmentally adjusted or greened gdp what are the two approaches that can be used to
what two measures have been developed in recent years that subtract for the depreciation of both manufactured capital and natural capitalthe
what simplifying assumptions does the traditional macroeconomic model make in addition to those made in the nipa the simplifying assumptions
why does a price index based on constant weights tend to overstate inflation in periods after the base year when the price of one good is rising
when measuring price levels in the economy such as when calculating the cpi index why is a weighted average usedbecause we require giving greater
why in 1996 did the bea switch to calculate real gdp using the chained-dollar method from the constant-dollar methodthe bea made the switch from the
what are the three approaches to measuring gdpthe three approaches area the production approachb the spending approach andc the income
the idea for the national accounts came during the 1930s depression in the us when decision-makers wanted to get a better sense of by how much
what is the mathematical definition of price elasticity of demandthe price elasticity of demand is the percentage alters in quantity demanded divided
explain the difference between a change in quantity demanded and a change in demandchange in quantity demanded refers to movement with the demand
why do demand curves generally slope downward the demand curve slopes downward because in general the higher the price of the good the fewer
what is the distinguishing characteristic of institutions in the public purpose spherethe distinguishing characteristic of institutions in the public
what is the distinguishes a progressive income tax from a proportional income tax or a regressive income tax a proportional income tax takes the
what are the two types of government cash transfer programs in the us used to help households achieve income security provide examples of eachthe
how does the approach of someone who has adopted the precautionary principle differ from someone with a blind faith in substitutability when it comes
explain the difference between a stock and a flow a stock is something whose quantity is calculated at a point in time whereas a flow measures
what are the two main forms of economic distribution what is the difference between them the two major forms of economic distribution are
name the five types of capitalthe five types of capital are natural capitalmanufactured capitalhuman capitalsocial capital andfinancial
identify the four essential economic activitiesthe four main economic activities area resource maintenanceb productionc distribution andd