According to Okun’s law, how much output (real GDP) was lost in 2009 when the nation’s unemployment rate increased from 5.8 percent to 9.8 percent?
Suppose the following data describe a nation’s population: Year 1
Year 2
Population Labor force
Unemployment rate
320 million 150 million
6 percent
330 million 160 million
6 percent
(a) How many people are unemployed in each year? (b) How many people are employed in each year?

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)

In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u.s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?