Blog

Suppose the government increases the increases the hiring and firing regulations that employers must comply with to hire new workers in order to increase job stability and workforce diversity. This would cause ________ unemployment to ________.

Consider the data to answer the following question: Country GDP Population A $32,000 1,500 B $20,000 1,000 C $10,000 500 D $10,000 2,000 E $8,000 800 Using the information from the previous table, which country has the lowest average living standard?

A leather company sells leather to a shoe company for $60,000. The shoe company uses the leather to make shoes, and sells those shoes to consumers for $180,000. How much does total gross domestic product (GDP) increase by?

Consider the event to answer the following question: The COVID-19 Pandemic affected a variety of macroeconomic variables some of which have not yet been evaluated. Among those economists can confidently asses is a decline in consumption of many goods and services (gasoline, airline tickets, hotels and other hospitality/ entertainment industries, etc). Only consider this decline in consumption when answering the following question. In the short-run, how would this event impact unemployment (u)?

Use the table to answer the following question: Group # in millions Work-eligible population 286 Labor force 154 Not in labor force 89 Employed 142 Unemployed 12 According to the previous table, the labor force participation rate in this economy is equal to

A moral hazard problem is one of the reasons the Fed regulates banks. One reason banks face this moral hazard issue is because __________ protects them from the risk of making bad loans.

Consider the following data, where gross domestic product (GDP) values are measured in millions of dollars, to answer the following question: Year Nominal GDP Real GDP GDP Deflator 2009 $400 100 2010 $661.2 106 2011 700.7 $657 2012 $800.8 120 What is the value of nominal GDP in 2009?

Countercyclical policy to smooth business cycle fluctuations generally

One year a country has positive net exports. The next year it still has positive but larger net exports.  Consequently, this country’s _____.

The ____ produces bile and the ____ stores it.