me employment rate has fallen, creating an unemployment rate of 10%. the inflation rate has fallen to 1% per year. ch statement is CORRECT? Output is too high; the employment rate is too low, and the inflation rate is too low. Output is too high; the employment rate is too high; and the inflation rate is too high. Output is too high; the unemployment rate is too low; and inflation rate is too high. Output is too low; the unemployment rate is too high; and the inflation rate is too high. Output is too low, the unemployment rate is too high; and the inflation rate is too low. Moving to the next question prevents changes to this answer. JA 20 tv AC GD W Question 8 of 14 W SA

me employment rate has fallen, creating an unemployment rate of 10%. the inflation rate has fallen to 1% per year. ch statement is CORRECT? Output is too high; the employment rate is too low, and the inflation rate is too low. Output is too high; the employment rate is too high; and the inflation rate is too high. Output is too high; the unemployment rate is too low; and inflation rate is too high. Output is too low; the unemployment rate is too high; and the inflation rate is too high. Output is too low, the unemployment rate is too high; and the inflation rate is too low. Moving to the next question prevents changes to this answer. JA 20 tv AC GD W Question 8 of 14 W SA

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A. Find the real value of your 40,000 salary for each of the next three year's. year1? year2? year3? b. If you have a cola in your contract, and the inflation rate is 5 percent, what is the real value of your salary for each year? year1? year2? year3?
Q.3.1In a country with a population of 100 million people there are 20 million children under the age of 15 years, 50 million employed, 27 million unemployed and 3 million full time students. Calculate the unemployment rate Q.3.2 Explain, with the aid of a graph, the demand‐pull inflation
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4. Wally Land has an adult population of 320 million, among which 250 million are employed, 20 million are unemployed, and the rest of the adult population was out of the labor force. What is the unemployment rate?
which of the following is true Select one: a. When the actual rate of unemployment is low than natural rate, the inflation rate decreases b. natural rate of unemployment is that rate of unemployment required to keep the inflation rate constant c. When the actual rate of unemployment is higher than natural rate, the inflation rate increases d. the natural rate can never be the non-accelerating inflation rate of unemployment
Unanticipated inflation Unanticipated inflation penalises: A. those earning incomes that are taxed in nominal terms B. those who hold cash C. those who lend money at a fixed interest rate D. those earning incomes that are taxed in nominal terms, those who hold cash and those who lend money at a fixed interest rate
Negative real interest rates occur when the inflation rate is greater than the nominal interest rate. True or false? a. False b. True
1. The inflation-unemployment relationship The following graph shows the combinations of unemployment and inflation that existed in the United States from 1961 through 1969. Hint: Use the graph to answer the following questions. Select any blue point (circle symbol) on the graph to get its exact coordinates. NFLATION RATE (Percent) 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0 3.0 O 1969 O 3.5 1968 O 1967 C 4.0 1965 O 5.0 1964 962 O 4.5 5.5 6.0 UNEMPLOYMENT RATE (Percent) 1963 6.5 1961 H 7.0 ++ Scratch Point A lower unemployment rate is associated with a lower inflation rate. O There is a trade-off between unemployment and inflation. O There is a positive relationship between unemployment and inflation. O The unemployment rate peaked at 3.5%. (?) Which of the following statements about the relationship between the unemployment and inflation data for 1961-1969 is true? The points on the graph represent observations along the U.S. economy's Phillips curve during the 1960s. Use the black…
The population is 2000 people with 700 people being unemployed. 10 stricturally unemployed, 200 fractionally unemployed and 0 cyclically. What’s the labor participation and unemployment rate?
The table below has in the first column the expected inflation rate and the second column contains the actual inflation rate. Using your knowledge about real and nominal rates, which years are better for borrowing compared to lending? Explain your reasoning. Year Expected Inflation (%) Actual Inflation (%) 2011 3.76 3.14 2012 1.62 2.07 2013 1.52 1.47 2014 1.72 1.62 2015 0.08 0.12 2016 1.00 1.27 2017 2.06 2.14 2018 2.73 2.43 2019 1.77 1.81 2020 1.37 1.25
Q2 An economy has 100 000 total population, 80 000 over 16 years old, 60,000 people employed, 5,000 unemployed and 1,200 marginally attached workers. What is the conventional measure of unemployment rate?
1. The index number representing the price level changes from 110 to 115 in 2019, and then from 115 to 120 in 2020. Since the index number increases by 5 this year, is five the inflation rate each year? Is the inflation rate the same each year?. NOTE: Explain and support the answer with calculations.