Consider the simple model of labour market flows with the unemployment rate followingUt+1 =(1 − f)ut + s(1 − ut) with constant job separation rate s = = 0.02 per month andconstant job finding rate f = 0.38 per month. Which of the following is false?The time it takes the unemployment rate to recover to half its value following a shock ("half-life") is about1.35 months.The expected duration of an unemployment spell is about 2.6 months.The steady-state unemployment rate is 5%.The expected duration of an employment spell is 5 years.

Answered: Image /qna-images/answer/4e3533dd-9df2-4112-812f-f7cc5ea7fbc5.jpg

Answered: Consider the simple model of labour…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

5. Find E (p) for the price-demand equation Find and interpret each of the following: (a) E (8), E (30), (b) (c) z=f(p) 1000 (40-p). E (20).
With data from the Social Security Trustees Report for selected years from 1950 and projected to 2030, the number of Social Security beneficiaries (in millions) can be modeled by B(t) = 0.00024t³ - 0.026t2 + 1.6t + 2.2 where t is the number of years past 1950. Use the model to find the average number of Social Security beneficiaries per year (actual and predicted) between the following years. (Round your answers to three decimal places.) (a) 1989 and 2003 x million per year (b) 2015 and 2022 x million per year
A model is built to explain the evolution of spending on tourism and recreation in a certain group of families (Y in USD/person/year). As potential explanatory variables are considered: X1 average annual income per person in the family (in USD), X2 – number of people in the family, X3 – nature of employment of the head of household If X3=1, when the head of the family is self-employed, X3=0, when the head of the family is an employee Based on the collected data, linear correlation coefficients between variables were calculated and obtained 0,84 R, = -0,47 [1 -0,55 0, 62 R= 1 -0,42 0,75 1 Using Hellwig's method, select the optimal combination of explanatory variables for the tourism and recreation expenditure model.
Please answer this question using the assumptions from the Solow Model In a country, the production function in terms of output per capita, y, and capital per labor, k, is y = k(12) The fraction of output saved, s, is 25% and the depreciation rate, δ, is 0.05. Assume that the population does not grow. What is the steady-state of capital per worker, k*, and output per worker, y*? What happens to the steady-state values if the population growth rate rises to 5%? By how much would the country have to increase its savings rate in b) in order to reach the same levels of steady-state values as in a)? Does the country’s growth rate increase in c) compared to a)? how?
Question 3 (a) Consider a model of market equilibrium in which the current supply of firms is a function of the price that is expected to prevail when the product is sold. Assume that the market supply equation is q³(t) = F + Gp and pe is the expected price and F and G are constant parameters of the supply equation. Assume further that suppliers use information about the actual current price and its first and second derivatives with respect to time to form their prediction of the price that will prevail when their product reaches the market. In particular, assume that dp pe=p+b+c- dt d²p dt² tdpd²p=0, then suppliers and b> c> 0. If the current price is constant, so that dt expect the prevailing price to equal the current price. If the current price is rising, so that > 0, then suppliers expect the prevailing price to be higher than the current dt price. How much higher depends on whether the current price is rising at an increasing rate, > 0; or at a decreasing rate, p 0 is a constant…
Consider the following estimated model, where the dependent variable is the log of the hourly wage: log(wage) = 0.417 - 0.238female + 0.17educ + 0.0232 exper - 0.00058exper? +0.0295tenure – 0.00059tenure? female 1 if the person is female, and 0 if the person is male educ = level of education, in years exper = level of expertise, in years tenure = duration of tenure, in years Given that the above regression model has 313 observations, then its degrees of freedom is equal to For the same levels of education, expertise, and tenure, women earn exactly % less compared to men, holding other factors fixed.
Assume (FT2 = FT1 (1 + TIT2) + T1CT2 is the equilibrium situation. Also assume that T2- T1 is one year, that T1CT2 = $1 and that TirT2 = 10%. %3D Assume the initial prices are FOT1 = 100 & FOT2 = 133. A trader goes long the FT1 contract and short the FT2 contract believing these are not equilibrium prices and that he will profit when they adjust to equilibrium. Say the next day, t+ 1, the t+1FT1 price moves to 115 and t+1FT2 adjusts to an equilibrium price. If the trader round trips his positions on day t+1, what is his profit or loss on the FT2 position? profit of 11 loss of 11 cannot be determined from the information given profit of 5.5

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS

Consider the simple model of labour market flows with the unemployment rate following Ut+1 = (1 − f)ut + s(1 − ut) with constant job separation rate s = 0.02 per month and constant job finding rate f = 0.38 per month. Which of the following is false?