Gross Domestic Product - definition, explanation of the different types of expenditure.
What are the differences between the multiplier model and the AS/AD model?
Measuring Unemployment Determine the impact on each of the following, if 2 million formerly unemployed workers decide to return to school full time and stop looking for work: a. The labor force participation rate. b. The size of the labor force. c. The unemployment rate.
The monetarist program undertaken during the 1979-1982 period resulted in: A) a reduction in the inertial rate of inflation. B) a dramatic rise in unemployment. C) very high interest rates. D) all of the above. E) none of the above.
An economy can expect to move from one short-run Phillips curve to a lower short-run curve if: A) the rate of inertial inflation rises. B) worker's anticipations about inflation are diminished. C) the rate of unemployment is pushed above the NAIRU. D) fiscal policy increases aggregate demand in the face of a recess
9) Your telephone plan charges you $25 per month plus 10 cents per minute for long distance calls. Write an equation that describes your monthly telephone account. What will you pay if you make 32 minutes worth of calls in a months? How much will you owe for a month if you make 45 minutes of long distance calls? Show the informa
A. Is it unethical to use an employee as a puppet to make money with out their consent? What are your thoughts on Adam Smith's principle of the Invisible Hand? Each firm (individual) in society acts in such a way as to maximize his own gain, the function of the free market will assure, as a result, the maximum possible benefit
National Income Accounting (example problem) Selected national income accounting data in $ Billions: Personal consumption $250 Unemployment benefits $20 Rental income $15 Dividend income $25 Interest income $10 Wages $220 Federal government purchases $150 Personal income taxes $35 State and
The relationship between immigration and the gap between the rich and the poor in the United States.
What is the impact on the widening gap between the rich and poor in the United States from unskilled immigration labor?
Supply and demand conditions See attachment for two problems. 1. Fill out a supply and demand table based on given supply and demand curves. 2. Supply and demand conditions for unskilled labor.
What is macroeconomics? What are the issues covered by macroeconomics?