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The current equilibrium wage for fast food workers is $7.50 per hour in this city. Predict what will happen to each of the following beginning on January 1 of next year:
I need help finding 2 articles from website http://www.economist.com about the economy that have been in the news lately. For each story, identify 2 Principles of Economics which are current, and id
What kind of innovations would you propose to sustain the organization's uniqueness?
Question 1: Briefly explain the economic rationale for enacting a large fiscal stimulus package at this time.
unemployment rate has risen to almost 10% and we have officially been in a recession since January 2008. Why have the Fed's rate reductions not had a more powerful effect in preventing a recession?
Problem 1) Assess the overall economic health of our nation and the economic health of the federal government.
What is the current business cycle situation in the U.S. today (Fall 2009)? Discuss each sector of aggregate demand (C+I+G+X), interest rates, and inflation.
Question 1. What determines price in a free market? Question 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
Problem: 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.
What is the January 2010 Consumer Price Index for All Urban Consumers (seasonally adjusted) in the United States?
What is the growth rate of multifactor productivity if b = 0.20, k = 3, n = 1, and y = 4
Supply siders argue that policies pursued by the Reagan administration after 1981 undermined the effect of the 1981 tax cuts. Which of the following policies has been cited by supply siders?
Q1. What is the official poverty line? Q2. Is the number of people higher or lower than it was last year? Ten years ago? Why?
Question 1: What is integrity? Question 2: Explain the author’s argument about the relationship between integrity and economic performance.
Which of the following is not considered a component of investment when calculating GDP?
One of the most dangerous phenomena (in an economic sense) is an asset price "bubble." Asset prices are bid up to unreasonable levels based largely on an optimistic view that the rise will continue.
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 th
Refer to the above data. If the product price is $45, at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Sho
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.
Question: What is the labor-force participation rate in Arbitland? Question: What is the unemployment rate in Arbitland?
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?
(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.
If Fed wants to keep real GDP at its potential level in 2011 should it use expansionary policy or a contractionary policy? Should Fed NY sell or buy T' bills? How about Fed Dallas
Refer to the data in the above Scenario. What is the size of the labor force in the United States for the given year?
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 unemploym