Assuming that the equilibrium wage is $7 and the minimum wage is set at $10, how many workers will be unemployed in the long run? at the equilibrium point, the wage is 7 dollars per hour, and the quantity is 100 workers. a 10 dollar minimum wage is applied, causing a short-run surplus at a short-run quantity supplied of 150 workers and a short-run quantity-demanded of 50 workers. the short-run supply curve is slightly rotated clockwise on the fixed equilibrium point, and this new supply curve represents the long-run supply curve. the short-run demand curve is slightly rotated counter-clockwise on the fixed equilibrium point, and this new demand curve represents the long-run demand curve. again, a minimum wage of 10 dollars is applied, causing a long-run surplus at a long-run quantity supplied of 175 workers and a long-run quantity demanded of 25 workers.

Carlos would like to start saving for his son’s college expenses. which type of savings account should carlos open? ida money market 529 plan basic savings account

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)

The federal reserve's organization while all members of the federal reserve board of governors vote at federal open market committee (fomc) meetings, only of the regional bank presidents are members of the fomc. the federal reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions? u. s. banks that cannot borrow elsewhere governments in developing countries during currency crises u. s. state governments when they run short on tax revenues the federal reserve's primary tool for changing the money supply is . in order to decrease the number of dollars in the u. s. economy (the money supply), the federal reserve will government bonds.