Consider the following scenario: “Rupert, a stay-at-home dad, starts lookin for a job as his kids enter elementary school”. What can be inferred about the unemployment rate and labor force participation rate?

Tyler studies engineering in college. What he learns in his engineering classes about existing information increases

Ian bought word-processing software in 2042 for $50. Ian’s friend, Joey, bought an upgrade of the same software in 2045 for $50. To which problem in the construction of the CPI is this situation most relevant?

Table 1.   The table below applies to an economy with only two goods — hamburgers and hot dogs.  The fixed basket consists of 4 hamburgers and 8 hot dogs.   Refer to table 1.  If the base year is 2072, then the consumer price index is

Tyler studies computer science at UMD. A faculty member in the computer science department makes a major discovery in artificial intelligence and publishes the findings. This increases

As a consequence of the the introduction of new tariffs to Canada, the price of Canadian maple syrup into the U.S. increases. This will

In a given year, based on concepts similar to those used to estimate U.S. employment figures, the Latvian adult population was 5,429 thousands, the number of people employed was 5,054 thousands, and the number of unemployed people was 375 thousands. According to these numbers, the Latvian labor-force participation rate and unemployment rate were about

Table 2 Below is some hypothetical data on the labor market. Refer to table 2. If the government imposed a minimum wage of $7, what would unemployment be?

Tyler studies computer science at UMD. A faculty member in the computer science department makes a major discovery in artificial intelligence and publishes the findings. This increases

A decrease in the price of large tractors imported into the United States from Peru