Genovia has a natural unemployment rate of 8%, an actual unemployment rate of 11%, and inflation rates of 3%. Identify the problem in the scenario above.

1. What type of policy will Congress and the President use?
2. How will they use ALL of their tools to influence the economy?
3. What type of policy will the Federal Reserve use?
4. How will they use ALL of their tools to influence the economy?
5. What is the expected effect of these policies on GDP, unemployment and prices?

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery

Richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

During the current year, luis university received a $50,000 gift from an alumna who specified that it must be used to pay travel costs for faculty to attend health care conferences in foreign countries. during the year the university spent $8,000 to support travel to a health care conference in italy. the $8,000 disbursement will cause a net decrease in which class of net assets?