Question

In: Economics

Based on dynamics of past economic recoveries in the US, predict what is likely to happen...

Based on dynamics of past economic recoveries in the US, predict what is likely to happen to the US LFPR

and Unemployment Rate (U-3) right after the COVID recession is over? Please explain your reasoning. Your answer to this question should be under 100 words (5 lines of typed text).

Solutions

Expert Solution

As in march the unemployement has drastically increased because of covid 19 as more and more businesses were shut down because of covid , the lfpr decreased but if we predict the future , one day the covid will come to end and more and more new businesses will try to join the market which in turn will require more labour but mostly businesses will try to run on technologies now because of the uncertainty and effects of covid , the lfpr will increase but not rapidly slowly it will increase . Unemployment rate will fall down as we expect the govt to come up with policies to help and employ people.

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

Based on dynamics of past economic recoveries in the US, predict what is likely to happen...
Based on dynamics of past economic recoveries in the US, predict what is likely to happen to the US LFPR and Unemployment Rate (U-3) right after the COVID recession is over? Please explain your reasoning.
One of the uses of economic models is to predict what will happen in different situations....
One of the uses of economic models is to predict what will happen in different situations. The AS/AD model can be used to predict what will happen to Real GDP and the Price Level (inflation) given a scenario. Provide a short description of a Zombie Apocalypse scenario. 1. Describe how it will affect one of the major economic variables (consumption, investment, government expenditures, imports and exports, capital, profits, labor force, banking, money...) 2. Will the effect primarily change AS or...
Explain the current economic situation of Greece and predict what will happen in the coming 9-12...
Explain the current economic situation of Greece and predict what will happen in the coming 9-12 months
If demand falls, what is likely to happen a monopolist’s price, output, and economic profit. Can...
If demand falls, what is likely to happen a monopolist’s price, output, and economic profit. Can you show two graphs: one showing profit and another loss, and then answer all parts of the question.
What does the model predict economic growth? What does it predict the level of GDP?
Solow model without ideas accumulation Consider the simple Solow model without ideas accumulation in the long term (steady-state). What does the model predict economic growth? What does it predict the level of GDP?
What is the likely scenario that will happen if the Oxygen Transfer Rate in the reactor...
What is the likely scenario that will happen if the Oxygen Transfer Rate in the reactor is smaller than the Oxygen Uptake Rate (e.g. what will happen to your cells, doubling time and so on)?
Which economic theory assumes individuals will use past values of inflation to predict the possible expected...
Which economic theory assumes individuals will use past values of inflation to predict the possible expected future values of inflation? rational expectations Keynesian economics adaptive expectations
predict the short and long term economic impact on the US economy due to COVID 19
predict the short and long term economic impact on the US economy due to COVID 19
Predict and forecast what will happen in years to come using the regression method. This method...
Predict and forecast what will happen in years to come using the regression method. This method will help prove if crime rates have gone up or down given the correlation to education and gdp growth. We are trying to prove if crime has gone down as it relates to education and gdp growth. Test against levels of Education & GDP growth rates. Please provide the regression equation as it pertains to the data below. See Data Table Below: Year Population...
predict what would happen if the tyrosines in the activation loop of insulin were mutated to...
predict what would happen if the tyrosines in the activation loop of insulin were mutated to phenylalanine phenylalanines will likely be phosphorylated but insulin recptor will not be activated phenyalanines cannot be phosphorylated and insulin would not be activated phenylalanine will likely be phosphorylated and irs 1 will bind and be phosphorylated phenylalanine cannot be phosphorylated but irs 1 will bind and be phosphorylated
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT