What's wrong with the following statement? Unemployment is not a business problem, social problem, nor government problem, it's only an individual problem -- a problem for whoever is unemployed.
What's wrong with the following statement? If government would just eliminate its welfare programs, unemployment compensation programs, and other transfer spending programs, the only costs of unemployment would be the personal costs borne by the unemployed themselves.
Assuming the economy is already in a recession, and both the president and congress have decided to do something to restore the economy. Both agree that lowering taxes would not be a good idea, but do believe that it is in the best interest of the economy to increase government spending in defense, education and infrastructure.
If every time real GDP exceeds potential GDP, contractionary policy is used and whenever real GDP is less than potential GDP, expansionary policy is ised. GDP equal potential GDP and then aggregate demand increase. As a consequence of this policy action taken, what would the results be... Not sure if expansionary policy will
1. Which of the following is the best example of two inputs that would exhibit a constant marginal rate of technical substitution? trucks and truck drivers natural gas and oil personal computers and clerical workers company employed computer programmers and temporary supplemental computer programmers
Suppose that you are the head of a government agency that oversees re-training programs for the unemployed. a) Discuss whether the service that your agency delivers is a public or private good. b) Will the private market of demand and supply for labor [as measured by the unemployment rate] lead to an efficient outcome? Why or wh
We are studying the money supply and the equilibrium interest rate. I am confused by the problem (s) presented below and am not sure how to calculate or answer the question. Any and all help is appreciated, thank you! -Assume that the money market is initially in equilibrium and that the money supply is then increased. Ex
Suppose you are the manager of a California winery...How would you expect the following events to affect the price you will receive for a bottle of wine? a. price of comparable French wine decreases b. 100 new wineries open in California c. unemployment rate in the US decreases d. price of cheese increases e. due
Suppose that you are the head of a government agency that oversees re-training programs for the unemployed. a) Discuss whether the service that your agency delivers is a public or private good. b) Will the private market of demand and supply for labor [as measured by the unemployment rate] lead to an efficient outcome? W
How can fluctuations in the business cycle affect an organization? What is an example of how the US government has invested in human capital? How can that investment make an organization more productive?
If the government increased its expenditures and reduced taxes, how would this policy affect the real output and the price level in the short run if the economy is: 1. experiencing 20% unemployment rate 2. experiencing mild recession 3. at the real output level
If the required reserve ratio is 10%, banks keep 2% excess reserves, and the public keeps a 10% cash to deposit ratio, what is the money multiplier? a) 10 b) 20 c) 5 d) 0.22 e) none of the above The increased use of credit/debit cards for transactions will cause the money multiplier to a) increase b) decreas
I would like to have your point of view on this problem. There is no right or wrong answer and I know that people will answer differently. I myself am leaning towards Chan's argument. Please let me know what you think, and please defend your answer. You can choose to agree with Cheung!!! It would be interesting to see what other
President and Congress want to restore the economy. The problem is GDP has not increased enough. What could be reasons why the GDP has not risen to the expected amount?
Assume that the economy is already in a recession, and both the President and Congress have decided to do something to restore the economy. Both agree that lowering taxes would not be a good idea, but do believe that it is in the best interest of the economy to increase government spending in defense, education & infrastructure.
What examples can you think of where different cultures exhibit differences in how they view or use economics?
Use graphical analysis to Explain how your conclusions are affected by (a) unemployment, (21) remittances to the home country, (c) backflows of migrants to their home country, and (d) the personal characteristics of the migrants. If the migrants are highly skilled workers, is there any justification for the sending country to levy a "brain drain" tax on emigrants?
Use graphical analysis to show the gains and losses resulting from the migration of population from a low-income country to a high-income country. Explain how your conclusions are affected by (a) unemployment, (21) remittances to the home country, (c) backflows of migrants to their home country, and (d) the personal characterist
What are economic decisions made in tradition, command and market economies and what are the pros and cons of each? Do any of these systems completely solve all economic problems? What kid of economic system does Canada have? Why are the words economies gravitating towards market systems?
Which of the following categories fall under microeconomics, macroeconomis and other topics? The change in price of consumer goods: The government budget deficit A decrease in canada's exports A rise in profits in the steel industry A suffering of the unemployed A quebec election A change in the price of a t
What does a contractionary gap imply about the actual rate of unemployment relative to the natural rate? What does it imply about the actual price level relative to the expected price level? What must happen to real and nominal wages in order to close a contractionary gap?
In the country of Leducistan, a mass migration of refugees found solace within its borders and all of them sought work. What will happen to the country's unemployment rate and labor force participation rates?
A 30 year worker and a 60 year old are identical in terms of skill, search costs and the wage offer distribution they face. (i) Explain why these workers will have different asking wages. (ii) Why would search theory explain the differences in their unemployment rate?
The following demand function demand function has been estimated for Fantasy pinball machines: QD = 3,500 - 40P + 17.5Px + 670U + .0090A + 6,500N where P = monthly rental price of Fantasy pinball machines Px = monthly rental price of Old Chicago pinball machines (their largest competitor) U = current unemployment rate
Here is a scenario below how would you practice Implementing and Evaluating only This is what I have figured - I have to increase output by 100%. There is not a lot of information here, but here are a few indicators. Most of the employees are in manufacturing (65). The diversity of the workers does not match the market.
If the economy is at the natural rate of unemployment but those who favor an active approach to policy think the natural rate is lower, they will try to shift a. the short-run aggregate supply curve rightward b. the aggregate demand curve rightward c. the short-run aggregate supply curve leftward d. the aggregate demand curv
Schiller Text, 10th edition The economy today bradley r schiller 10/e Chapter 5 - page 112 1. The manuscript for this text was typed by a friend. Had I hired a secretary to do the same job, GDP would have been higher, even though the amount of output would have been identical. Why is this? Does this make sense? 2. GDP
Suppose that a nation has a labor force of 100 people. In January, Amy, Barbara, Carine, and Denise are unemployed: in February, those four find jobs, but Evan, Francesco, George, and Horatio become unemployed. Suppose further that every month, the previous four who were unemployed find jobs and four different people become unem
I have marked (at the end of the Question) what I believe to be the correct answers. I just need some justification and reasons if I am wrong and answers for the NOT SURE questions: 1. What is the most important characteristic of oligopoly? ??Not Sure a. firms have market power b. product differentiation
Some quick thoughts on the following statement: Minimum wage increases unemployment among young workers and unskilled workers.
If monetary and fiscal policy have fairly long lag times, how can they be effective ways to neutralize the economy?
How does deflation further accelerate recessionary spirals and become the worst possible nightmare, and why are government deficits the best response?