Entries by Hannah Wangui

“Unemployment statistics

While watching the news, the news anchor says, “Unemployment statistics released by the Department of Labor today show an increase in unemployment from 6.1 to 6.2%. This is the third month in a row where the unemployment rate has increased.” Your roommate says, “Every month there are fewer and fewer people with jobs. I don’t […]

 

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The market for manicures and other nail treatments is very competitive. How would the following developments affect the number of nail treatments that a typical nail salon wants to supply in the short run?

The market for manicures and other nail treatments is very competitive. How would the following developments affect the number of nail treatments that a typical nail salon wants to supply in the short run? -Heightened concern about their appearance causes people to want more manicures at a given price. -The government requires all nail salons […]

 

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This question asks you about the macroeconomic effects of the Covid-19 pandemic.

This question asks you about the macroeconomic effects of the Covid-19 pandemic. a.The amount of GDP we would like to have is YSafe (which may be less than normal output, Y*, because of the public health consequences of producing our usual level of output), and our actual level of output is Y (which may be […]

 

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What would you expect each of the following developments to do to the price of dollars in euros?

What would you expect each of the following developments to do to the price of dollars in euros? a. The incoming Biden administration eliminates the tariffs that had been imposed by the Trump administration on goods from the European Union (while the EU does not change its trade policy). b. Large budget deficits in the […]

 

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