ECON 545 (ECON 545)

Macroeconomic Challenges: Unemployment and Inflation Unemployment Rates by Gender Unemployment in September 2018 hit the lowest level since the Vietnam War, with little indication it is going to shoot back up in the near term. The jobless rate fell to 3.7%, the lowest since December 1969, the Labor Department said Friday. Employers added 134,000 jobs to payrolls, a record 96th straight month of gains. Wages rose 2.8% from a year earlier, a solid if still unspectacular rise. Unemployment ra...

There is a decrease in the cost of labor for producing bicycles. What happens to bicycle supply? What happens to bicycle demand? 2. Question : (TCO A) Ceteris paribus, Brand A Plain potato chips and Brand B Plain potato chips are substitutes in consumption. The price of Brand A Plain potato chips increases. a. What happens to the demand for Brand B Plain potato chips? b. What happens to the demand for Brand A Plain potato chips? 3. Question : (TCO A) The number of new home sellers in a given mar...

1. Question : (TCO A) Suppose you are hired to manage a small manufacturing facility that produces Widgets. (a.) (15 points) You know from data collected on the Widget Market that market demand and market supply have both increased recently. As manager of the facility, what decisions should you make regarding production levels and pricing for your Widget facility? Remember that supply and demand are about the market supply and market demand, which is bigger than your own company. You are being...