1. According to the Phillips curve, policymakers could reduce
both inflation and unemployment by
A. increasing the money supply.
B. decreasing government expenditures.
C. increasing government expenditures.
D. raising taxes.
E. None of the above is correct.
which of the following statements is (are) correct?
(x) The natural rate of unemployment is the rate of unemployment
that the economy tends to move to in the long run and it is not
dependent on the money supply.
(y) A vertical long-run Phillips curve is consistent with the
principle of monetary neutrality and it implies that the natural
rate of unemployment is independent of the inflation rate.
(z) Government policy that creates structural unemployment via
minimum wage laws or a change in frictional unemployment via
increased unemployment benefits can alter the natural rate of
unemployment.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (y) only
According to the long-run Phillips curve as described in the
textbook, in the long run, unemployment depends upon factors such
as
(x) the power of unions and minimum wage laws that alter the amount
of structural unemployment.
(y) the nature of the job search process and the amount and
duration of unemployment benefits.
(z) fiscal policy that reduces the amount of cyclical
unemployment.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (z) only
In: Economics
What are the causes of market failure in competitive markets? Using Microsoft Excel or PowerPoint, construct a graphical example of market failure.This should be embedded into a word document. (PLEASE ANSWER THIS QUESTION WITH AN ORIGINAL ANSWER. I HAVE RECEIVED ANSWERS FROM EXPERTS THAT HAVE JUST REPOSTED SOMEONE ELESE'S ANSWER. THIS IS NOT RIGHT. ALSO, PLEASE CONSTRUCT A GRAPH FOR EACH CAUSE AND PROVIDE AN EXPLANATION ABOUT IT. THANK YOU
In: Economics
As a consumer, when would you favour a strong dollar? What about a weak dollar? Would you consider these factors differently as an employee or employer?
In: Economics
In: Economics
Given the following economy:
Y = C(Y - T) + I(r) + G
C(Y - T) = a + b(Y - T)
I(r) = c - dr
M/P = L(r,Y)
L(r,Y) = eY - fr
i. Solve for Y as a function of r, the exogenous variables G and T, and the model's parameters a, b, c, and d.
ii. Solve for r as a function of Y, M, P, and the parameters e and f.
iii. Derive the aggregate demand curve. This solves for Y as a function of P, the exogenous variables M, G, and T; and the model's parameters. This expression should not contain r.
Hint: For part iii. substitute result from ii. into result from i.
In: Economics
After viewing the YouTube Video "Transportation Challenges"please post comments on measures to alleviate congestion in Trinidad and Tobago.
In: Economics
What, if anything, would be different in evaluating the economic damages between a case in which an employee was permanently disabled in a job-related accident and a case in which an employee was killed in a job-related accident?
In: Economics
Discuss the economic policies conducted by policy makers in the United States in response to the spread of COVID-19. Discuss how effective these policies are in dealing with the economic consequences of this event. Please back your statements with applicable Macroeconomic concepts and such :)
In: Economics
Predict the economic consequences of the spread of the COVID-19 on the economy of the United States in terms of (1) Gross Domestic Product (2) Consumption, (3) Investment, (4) Inflation, (5) The labor market, (6) The business cycle, and (7) The financial System. Just opinions do not count. Please use actual Macroeconomic concepts. Formulas, graphs, etc are welcome :)
In: Economics
Recomendations on how to improve the life of people in Cuba?
In: Economics
Illustrate and explain how the two fundamental theorems of welfare economics describe the relationship between competitive markets and Pareto efficiency.
In: Economics
An increase in aggregate demand that exceeds an increase in aggregate supply
In: Economics
Economists develop and apply models of market competition (pure competition, pure monopoly, monopolistic competition, oligopoly) to describe the conditions that impact price and output decisions made by managers of organizations. Real world markets can be described as existing along a continuum and exhibiting elements of competition and monopoly. Explain what is meant by that statement. In your response, identify some measures and characteristics that economists use to describe different market structures (i.e. how do economists distinguish between market structures?).
In: Economics
How would i start and go about implementing a momentum investment strategy over the next 60 years? in depth to see if i have gone in the right direction would be greatly appreciated
In: Economics
2. How do the fluctuations in the exchange rate influence the domestic price level?
3. What is a barter system? The drawbacks of this system are as follows:
4. Why is comparative advantage rather than absolute advantage the basis for trade?
5. Explain the concept of “lender of last resort.” What is discount rate?
In: Economics