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Unemployment

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

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

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

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.

Economic questions on GDP, unemployment and CPI

1. Gross Domestic Product equals the (Points: 1) total output of all goods and services produced by resources located in the U.S. market value of all goods and services produced by resources located in the U.S. market value of all final goods and services produced by resources located in the U.S.

Metrics for Evaluating Argument Papers

Paper The following questions are based on the book The Economics of Integrity, by Anna Bernasek. (1) What is the author's argument about the relationship between integrity and economic performance? (2) What examples does she present to support her argument? (3) Since the book has been published are there examples of compa

Poverty Today and in the Past

Go to the following website, www.census.gov, and select Poverty. Then use the information on this site to answer the following questions: What is the official poverty line? Is the number of people higher or lower than it was last year? Ten years ago? Why? How many states had an increase in the poverty rate compared to

Macroeconomics Test Preparation 4

I'm requesting assistance with the below questions in order to prepare for an exam. The course is "Macroeconomics" author: Robert J. Gordon 11th edition text. I'd appreciate any assistance with these questions? 23) As an individual, you cannot participate in the financial markets to issue new stock or sell new bonds becau

Macroeconomics Test Preparation 3

I'm requesting assistance with the below questions in order to prepare for an exam. The course is "Macroeconomics" author: Robert J. Gordon 11th edition text. I'd appreciate any assistance with these questions? 17) Supply siders argue that policies pursued by the Reagan administration after 1981 undermined the effect of th

Macroeconomics Test Preparation

Need assistance with the below questions. 6) What is the growth rate of multifactor productivity if b = 0.20, k = 3, n = 1, and y = 4 a) 2.4 b) 0.4 c) 2.8 d) 1.0 16) Which of the following beliefs is not part of supply-side economics? a) A sharp reduction in corporate income taxes would discourage U.S. corp

Calculating the Effect of Removing Tariff

Question 1: (a) Suppose that the government of Arcadia, a small country, is considering the removal of a 20% tariff on denim jackets. Currently 100,000 jackets are imported per year, out of a total annual consumption of 200,000 jackets. The import cost (i.e. without the tariff applied) is $25 per jacket. At that price it

Implications of Implementing a Legal Minimum Wage

The implementing of minimum wage is similar to the creating of a price floor for a product or service, but in setting a minimum wage there is an important factor, which is the market equilibrium rate or ideal per hour wage for unskilled labor.

Real GDP

1 What is the February 2010 unemployment rate in the U.S.? 2. What is the most recent quarterly Real GDP for the U.S.? 3. Is the U.S. still in a recession according to your answer for #6? 4. What is the January 2010 Consumer Price Index for All Urban Consumers (seasonally adjusted) in the United States?

News industry notes

The bank is looking for new clients in high-growth industries. Until a few years ago, if a consumer wished to purchase music, he or she would have to buy a recording of it at a store, but there is only a limited supply of compact discs, tapes, or records at any given store. Because of advancements in technology, consumers can no

Supply and demand of a winery

1. Suppose you are the manager of a California winery. How would you expect the following events to affect the demand and/or the quantity demanded for your product? Briefly explain. a. The price of comparable French wines decreases. b. One hundred new wineries open in California. c. The unemployment rate in the US decreases

Should the government minimize unemployment rate

1.Should the government minimize unemployment rate? What will happen if the unemployment rate is too low? Share your opinion with the class. 2. In your opinion, what is the most common reason for hyperinflation? How hyperinflation can affect standard of living? Share your ideas/opinion.

Understanding Macroeconomic Conditions

What is macroeconomics? What role does macroeconomics play in your personal financial decisions and the decisions that your organization makes? What are the resources that are available to you in your efforts to understand current macroeconomic conditions?

Economic questions

1. What determines price in a free market? 2. What are the conditions of perfect competition. Name each and explain with an example how the real markets can violate one of more of these conditions. Finally, and this is important, why would a firm want to violate them. 3. What is the relationship between inflation and un