Macroeconomics (9th Edition)
Macroeconomics (9th Edition)
9th Edition
ISBN: 9780134167398
Author: Andrew B. Abel, Ben Bernanke, Dean Croushore
Publisher: PEARSON
Question
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Chapter 3, Problem 7NP

a)

To determine

The unemployment rate in the economy in a typical month.

b)

To determine

Th fraction of unemployment spells last for one month and for six months.

c)

To determine

The average duration of a completed spell of unemployment.

d)

To determine

The fraction of unemployed are suffering a long spell (six month) of unemployment on any date.

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1. A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate fund, and the third is a (riskless) T-bill money market fund that yields a rate of 8%. The probability distributions of the risky funds have the following characteristics: Standard Deviation (%) Expected return (%) Stock fund (Rs) 20 30 Bond fund (RB) 12 15 The correlation between the fund returns is .10.
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