Research the change in the unemployment rate of Greece over the past 10 years and explain...

Research the change in the unemployment rate of Greece over the past
10 years and explain the main costs of unemployment to Greece, in
government, businesses and community perspective.

Expert Solution

Rahul Sunny answered 2 years ago

Unemployment Rates: Discuss the trends of unemployment rates over the past 10 years and provide your...

Unemployment Rates: Discuss the trends of unemployment rates over the past 10 years and provide your objective analysis of the changes in unemployment and the current rates. Place extra emphasis on the periods where unemployment was either too high or too low (higher or lower than the natural rate of unemployment).

The following data is the unemployment rate in a metropolitan community over the last 10 years....

The following data is the unemployment rate in a metropolitan community over the last 10 years. Use exponential smoothing with a smoothing constant of a = 0.2, 0.4, 0.6, and 0.8 to find the best forecast for unemployment for next year. Using mean absolute deviation which forecast constant provides the best prediction of unemployment? Why? Year Rate Year Rate 1 7.2 6 5.5 2 7.0 7 6.7 3 6.2 8 7.4 4 5.0 9 6.8 5 5.3 10 6.1

C1. Reducing a High Unemployment Tax Rate Over the past two years, Kermit Stone, the controller...

C1. Reducing a High Unemployment Tax Rate Over the past two years, Kermit Stone, the controller of Hilton Company, has been concerned that the company has been paying a large amount of money for state unemployment taxes. On reviewing the “unemployment file” with the head accountant, Deborah Murtha, he learns that the company’s tax rate is near the top of the range of the state’s experience-rating system. After calling the local unemployment office, Stone realizes that the turnover of employees...

Over the past two years, the unemployment rate in Country X has risen from 5 per...

Over the past two years, the unemployment rate in Country X has risen from 5 per cent to 9 percent. As the leader of country X, you have been presented with two policy options to address the unemployment problems. Policy 1: Use tariffs and quotas to restrict imports and thus protect jobs in Country X. Policy 2: Use monetary and fiscal policies to solve the unemployment problem without resorting to trade restrictions. a) Explain two disadvantages of selecting Policy 1...

unemployment and employment over the last 10 years. report

10. The natural unemployment rate in the United States has varied over the last 50 years....

10. The natural unemployment rate in the United States has varied over the last 50 years. According to the Congressional Budget Office, the natural rate was 5.5% in 1960, rose to about 6.5% in the 1970s, and had declined to about 4.8% by 2000. What do you think might have caused this variation? 11. Suppose the Fed begins carrying out an expansionary monetary policy in order to close a recessionary gap. Relate what happens during the next two phases of...

unemployment and employment over the last 10 years in Oman. report

Discuss possible ways Greece can reduce its high unemployment rate.

Provide data showing the trend of interest rate change in South Africa over the past seven...

Provide data showing the trend of interest rate change in South Africa over the past seven years. Analyse whether the economic theories attempting to explain and predict the effects of changes in this variable on the macroeconomy are consistent with the facts

Suppose the unemployment rate in the United States is 10% and the structural unemployment rate is...

Suppose the unemployment rate in the United States is 10% and the structural unemployment rate is 3% and the frictional unemployment rate 5%. The actual Real GDP level is $12 billion and the Natural Real GDP is $20 billion. Please answer questions 3a through 3c below. 3a. Calculate the natural unemployment rate and the cyclical unemployment rate for the United States. Also, please calculate the recessionary gap or the inflationary gap using the actual Real GDP level and the Natural...

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