Questions from Managerial Economics

Q: Go to the St. Louis Federal Reserve FRED database and find

Go to the St. Louis Federal Reserve FRED database and find data on the exchange rate of U.S. dollars per British pound (DEXUSUK). A Mini Cooper can be purchased in London, England, for £17,865 or in B...

Q: Identify three things that can change labor demand or supply and reduce

Identify three things that can change labor demand or supply and reduce employment. How would each of these affect real wages?

Q: What are the three categories of employment status? What movement between

What are the three categories of employment status? What movement between categories results from the existence of discouraged workers?

Q: What is frictional unemployment? Why can it be beneficial for workers

What is frictional unemployment? Why can it be beneficial for workers, firms, and the economy?

Q: Why does structural unemployment occur?

Why does structural unemployment occur?

Q: Why does real wage rigidity contribute to unemployment? What are its

Why does real wage rigidity contribute to unemployment? What are its causes?

Q: What is the natural rate of unemployment? What has caused the

What is the natural rate of unemployment? What has caused the natural rate to change over time?

Q: How does the theory of rational expectations differ from that of adaptive

How does the theory of rational expectations differ from that of adaptive expectations?

Q: What is the significance of the Lucas critique of econometric policy evaluation

What is the significance of the Lucas critique of econometric policy evaluation?

Q: What is the time-inconsistency problem, and what role does

What is the time-inconsistency problem, and what role does it play in the debate between advocates of discretion and advocates of rules in policy making?