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Unemployment

Argentinian economy is assessed.

The spreadsheet provides information about the economy in Argentina. Column A is the year, Column B is real GDP in billions of 2000 pesos, and column C is the price level. A B C 1 1997 277 105.6 2 1998 288 103.8 3 1999 278 101.9 4 2000 276 102.9 5 2001 264 101.8 6 2002 235 132.9 7 2003 256

Aggregate Supply

Explain whether each of the following events will increase, decrease, or have no effect on long run aggregate supply. a. The United States experiences a wave of immigration. b. Congress raises the minimum wage to $10 per hour. c. Intel invents a new and more powerful computer chip. d. A severe hurricane damages factories a

Economics: Population Question

The Bureau of Labor Statistics announced that in February 2008, of all adult Americans, 145, 999,000 were employed, 7,381,000 were unemployed, and 79,436,000 were not in the labor force. Use this information to calculate: a. The adult population b. The labor force c. The labor-force participation rate d. The unemployment

A manufacture is considering outsourcing their product to China, where the costs to produce the product are considerably cheaper (even when factoring in transportation costs). You have been brought in as a consultant to discuss the economic considerations of such a move. How do you direct your clients thinking?

A manufacture is considering outsourcing their product to China, where the costs to produce the product are considerably cheaper (even when factoring in transportation costs). You have been brought in as a consultant to discuss the economic considerations of such a move. How do you direct your clients thinking?

The effects of fiscal policy, specifially the 2008 tax rebate.

(a) According to the News article, how much more did the average household spend on appliances, electronics, and furniture when it received the 2008 tax rebate? (b) If the MPC was 0.9, how much would cumulative spending increase as a result? I N T H E N E W S Just How Stimulating Are Those Checks? To get an idea of how muc

Policy Approaches are evaluated.

Do you advocate an active or passive policy approach? Why? Why might an active policy approach be more popular than a passive approach, especially during a recession? Discuss.

Interpreting Macroeconomic Conditions

This problem involves analyzing several indicators of the macroeconomic conditions in an economy, which includes interest rate, income, CPI, inventory levels, wage, consumer confidence and unemployment. These indicators need to be analyzed and a report needs to be prepared to explain the short impact on firms in the grocery an

Winners and Losers of Changes in Socio-economic Events

From an economic stand point, determine the winners and losers for the following events and trends: 1. Hurricane Katrina. 2. The influx of illegal immigrants in the United States. 3. The 30% high school dropout rate in the United States. 4. The aging population in the United States, Europe, and China. 5. The rising pric

Presidential Election Outcomes and the Economy

1. How are presidential election outcomes related to the performance of the economy? 2. What are the major factors that have affected U.S. household consumption since the recession in 2001?

Natural rate of unemployment computation

Suppose an economy with a constant labor force of 85 million workers is steady-state unemployment. the finding rate is 50% per month and 2.5 million workers lose their jobs every month. what is the natural (long-run) rate of unemployment?

Computation of job losses/displacement in an economy

Assume an economy with steady-state unemployment. the separation rate is 2.5% per month and the finding rate is 47.5% per month. the adult population is 120 million workers and the labor-force participation rate is two-thirds how many workers lose jobs each month?

The real GDP is assessed.

Suppose nominal GDP in 1999 was $200 billion, and in 2001, it was $270 billion. The general price index in 1999 was 100 and in 2001 it was 150. Between 1999 and 2001, the real GDP rose by what percent? (b.) Use the following scenario to answer questions (b1) and (b2). In a given year in the United States, the total number

Real GDP

Please see attached questions or questions below: 1. The size of the labor force in a community is 1,000, and 850 of these folks are gainfully employed. In this community, 50 people over the age of 16 do not have a job, and are not looking for work. In addition, 80 people in the community are under the age of 16. The unemplo

Disequilibrium in the labour market and wage rates Figure 9.4 provides measures of disequilibrium in the labour market. At a wage rate of (W/P)E the market is in equilibrium. I would like to know does this mean that unemployment will not exist at this wage rate - explain? In addition, if unemployment does exist at this wage rate, can it be eliminated? If so, how?

I have attached a diagram for reference Figure 9.4 provides measures of disequilibrium in the labour market. At a wage rate of (W/P)E the market is in equilibrium. I would like to know does this mean that unemployment will not exist at this wage rate - explain? In addition, if unemployment does exist at this wage rate, c

Micro

In the period of high unemployment, people often think that a solution lies in spreading the amount of work more evenly. In Europe for example, many labor unions are proposing that the workweek be reduced so that more people will be a able to have jobs at the reduced hours. Do you agree or disagree with the idea of reducing the

Monetary Policy and changes in real GDP.

The information below shows the situation in 2010 and 2011 if Fed does not use the monetary policy:   Year Potential Real GDP Real GDP Price Level 2010 $14 trillion $14 trillion 120 2011 $15 trillion $15.2 trillion 133 a) If Fed wants to keep real G

long-run and short-run demand for labour schedules

(1) In terms of supply and demand analysis, what are some factors that could have caused the hypothesized fall in wages from W0 to W1 for this organization. (2) Why would the organization represented in the firm want to increase its labour input to L1. (3) How would it be possible for the organization to increase its labou

Should the government regulate Google?

Need help with the questions below... Should the government regulate Google on its services and prices due to Googleâ??s current dominance in several information markets, such as on-line search? Present an argument either for doing so or not doing so. 18. You are a strong advocate for a one-year investment project that

Merger Consideration Lower Prices

1. With lower prices for gasoline than a couple of years ago will Americans start spending again? If they do, what will they spend the savings on? Vacations? Some other expenses? 2. In many industries, such as supermarkets, banks, cell phone companies, etc., because of mergers our choices as consumers are reduced to two

labor-force participation rate in Arbitland

. Consider the follow labor statistics Labor Stats The Labor Market This table shows the 2003 data for males and females ages 16 and over in the imaginary country of Arbitland. 1. Not in labor force a. male: 45 million b. female: 35 million 2. Unemployed a. male: 5 million b. female: 5 million 3. Employed a. male: 85 m

Market Efficiency and Government Intervention

Has the time come for government to abolish rent controls and the minimum wage? What do you think? Do both rent controls and minimum wage laws achieve their intended purposes? Provide two examples. Are there any unintended consequences? Provide two examples.

Economic Profit and Loss

4. Answer the next questions on the basis of the following cost data for a firm in pure competition: OUTPUT ------ TFC ---------- TVC 0 $100.00 0.00 1 100.00 70.00 2 100.00 120.00 3 100.00 150.00 4

AD-AS diagram

Draw an AD-AS diagram to represent the current state of the US economy. Make reference to the current values of inflation and the unemployment rate.

Minimum wage legislation

Minimum wage legislation requires most firms to pay workers no less than the legislated minimum wage per hour. Using marginal productivity theory, explain how a change in the minimum wage affects the employment of unskilled labor.