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What is natural about the natural rate of unemployment? Does the existence of a natural rate of un-employment imply that government is powerless to influence?
Distinguish between demand-side and supply-side policies. How might supply-side policies affect economic growth and the balance of payments?
Suppose also that white workers do not like working alongside black workers. Does employee discrimination lead to complete segregation?
Does the difference in the relative black wage across regions indicate that southern employers discriminated more than northern employers?
Write a letter to the parents of your future students that you will have the following year.
Calculate the impact of each of the developments on the relative wage of skilled and unskilled workers.
Ms. Aura is a psychic. She is not like other psychics in her approach. Could you summarize the lesson of this problem for the superstar phenomenon?
Is land a renewable or non-renewable re-source? Explain your answer. Is a screwdriver an example of fixed or working capital?
Explain why the Bank's influence on interest rates is so pervasive? What is meant by the term thigh-powered money?
How will an open market purchase of securities by the government affect the supply of high-powered money?
Why does the Bank of England act to influence short-term rather than long-term interest rates? In what ways are fiscal policy and monetary policy related?
What is common in a common market? Why is free competition in transport important in stabilizing a single market?
Is full economic union in Europe possible without monetary union? What political and economic reasons can you think of to account for this?
Which UK industries do you consider most likely to benefit from the 1992 changes, and which could be adversely affected? Explain your answers.
Prepare a case for the siting of a future European Central Bank in London rather than Frankfurt. Paris or some other continental financial center.
Why was the UK slow to become a full member of the EMS, and why has it been resisting the idea of European monetary union?
The first entry in your journal should include an overview and a demographic description of the service learning school site.
What UK professions are likely to experience increased opportunities on the Continent as a result. How might your likely chosen profession be affected?
Describe the impact of a payroll tax on wages and employment in a competitive industry. Why is part of the tax shifted to workers?
Why does the payroll tax have the same impact on wages and employment regardless of whether it is imposed on workers or on firms?
Show how the imposition of a minimum wage on a monopsony can increase both wages and employment. Describe the hiring decision of a monopolist.
Illustrate the trend in the employment and wage of economists as the market adjusts to this increase in demand.
Suppose the supply curve of physicists is given by w = 10 + 5£, whereas the demand curve is given. What is the new equilibrium level of wages and employment?
What will happen to the wage of native workers if the penalties for hiring illegal aliens increase?
Suppose a firm is a perfectly discriminating mon-opsonist. The government imposes a minimum wage on this market. What happens to wages and employment?