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- Holding all factors of production constant except for labor, what happens in an economy when real GDP output increases? The unemployment rate falls and in employment rate increases. The level of technology increases as the economy expands. The level of capital increases as the economy expands. All of the answers are correct.1. 2. Explain why macroeconomic analysis is particularly concerned with issues of economic growth, unemployment, inflation, and balance of payments? "Economic growth does not necessarily reduce the number of unemployed workers". Explain this statement.Which of the following is not a factor in why we would expect convergence to occur? A. High marginal product of capital in poor countries B. Technology transfer C. High marginal product of capital in rich countries D. The ability of poor countries to attract more capital
- March is Women's History Month and March 8 is International Women's Day. On your own, find out about how this celebration got started. Next, use this website to learn about a woman in history whom you have not heard of before now. Without plagiarizing from the website--that is, use all your own words-- write us a short letter of about 100 words (Begin with Dear Friends in ENG 100 and Dr. Fisher:) to tell us about three facts about this woman and to describe, specifically, why you find her story remarkable and inspiring.why the Nobel Prize in Economics in 2020 was awarded to Paul Milgrom and Robert WilsonKindly explain the process of "Booms and Busts" and give an example.
- Why we study microeconomics ? Discuss the origins of macroeconomics . Also explain the reasons why classical theories of economic system failed at some points ?apply Peter Diamandis and Steven Kotler's six D's model to identify when an organization is exponential, as well as Salim Ismail's formula. Choose an exponential company from the digital environment (except Airbnb and TED) and apply the six D's model (Digitization, Deception, Disruption, Dematerialization, Demonetization and Democratization) specifying each stage for the chosen company. On the same company, apply Salim Ismail's formula justifying its MTP (Massive Transformation Purpose) and define at least four characteristics of its external attributes (SCALE) and its internal attributes (IDEAS).Explain the concept Multicollinearity? also examples of Perfect Multicollinearity?
- a)Interpret the data from the table and distinguish the relationship between the two countries. identify a public policy that can improve employment. State an example Unemployment Rate Year Country C Country D 2016 6.0 19.9 2017 5.8 19.1 2018 5.1 19.3 2019 5.0 15.6 2020 5.7 17.1 B)Interpret the data from the table and distinguish the relationship between the two countries. identify a public policy that can improve economic growth. State two examples Economic Growth rate Year Country A Country B 2016 4.0 3.2 2017 3.5 2.8 2018 2.6 2.0 2019 1.7 2.1 2020 -20.2 -2.1Explain why the three goals (economic growth,low unemployment, and low inflation) of macroeconomics are relevant?True or false? Economic change during the Civil War was part of Charles and Mary Beard meant when they called the war a second American revolution. The textbook makes a case that while the war accelerated prewar trends of innovation in modernization, it was hardly revolutionary in terms of changing the fundamental direction of the economy. And while statistically the war neither accelerated nor retarded long-term economic growth, it did Ladik we alter the section of the tribulation of wealth and output, very much to the advantage of the north
