Are union good or bad for the economy

Assignment Help Macroeconomics
Reference no: EM132600736

QUESTION

You are watching national news with your roommate. The news anchor says, "unemployment statistics release by Department of Labor today show an increase in unemployment from 6.1 percent to 6.2 percent. This is the third month in a row where the unemployment rate has increased." Your roommate says, "Every month there are fewer and fewer people with jobs. I don't know how much longer the country can continue like this."

a. Can your roommate's statement be deduced from the unemployment rate statistic? Why?

b. What information would you need to determine whether there are really fewer people with jobs?

QUESTION

Are union good or bad for the economy. Justify and explain your answer.

QUESTION

Is there a policy that can immediately reduce both inflation and unemployment? Explain your answer.

Reference no: EM132600736

Questions Cloud

Define Scalability : Define Scalability and list five to ten potential relationships that align with the Pareto principle,
What amount will dudas report the bonds on december : On January 1, 20X4, Dudas Accounting Corp. bought $1,000,000, At what amount will Dudas report the bonds on its December 20X4 statement of financial position?
Find which journal entry to record the sale of investment : The journal entry to record the sale of the investment in Gidget would include which of the following? Gretta's policy is to transfer previously unrealized hold
How basic uncomplicated situation awareness : How basic uncomplicated "situation awareness" can help tremendously with security countermeasures?
Are union good or bad for the economy : You are watching national news with your roommate. The news anchor says, "unemployment statistics release by Department of Labor today
Discuss federal reserve policy related : Understand what the Federal Reserve policy in a time of recession and if they believe there is inflation
Find how much income will hathaway recognize : Find How much income will Hathaway recognize on its financial statement for the year ended December 31, 20X1, relating to this investment?
Health care payers in blockchain technology : What do you foresee the outcome to be should the organization implement the blockchain technology innovation?
Identify the determinants of aggregate supply : Identify the determinants of aggregate supply and distinguish between movement along the curve and a shift in the short-run aggregate supply curve

Reviews

Write a Review

Macroeconomics Questions & Answers

  What is the expected value of perfect information

The company is also considering consulting an expert from a research institution to study the project for a fee of $30,000. The expert will develop a prototype solvent to determine if it would work at all temperatures. Based on previous experien..

  Are price gouging laws an example of a price floor

Does a binding price ceiling cause a shortage or a surplus? Provide an example to support your answer.

  What is the rationale behind it

Why do we buy less of a good when price rises and more when price falls "all things being equal"? What is the rationale behind it?

  Describing profit goals

You are the manager of 3D Designs-a large company that does graphics work for Disney and other companies. You and your only competitor are contemplating the purchase of a new 3-D imaging device.

  Making as-ad diagram

Explain why would you expect inflation rate to accelerate if actual unemployment rate declined to a level lower than the "full employment" unemployment rate & remained at that low level for a year or longer and creaste and AS/AD diagram

  Explain the movements in the gross domestic product

Use the Aggregate Demand and Supply Model and your own research to explain the movements in the Gross Domestic Product over this period.

  Prepare a cost reconciliation schedule for the month

Determine the cost of ending work in process inventory and of the units transferred out to the next department.Prepare a cost reconciliation schedule for the month.

  Source of labor productivity growth

Even though saving and investment in additional capital is a source of labor productivity growth, without the expansion of human capital and technological change, it would not bring sustained economic growth.

  Can governemet interventions control or contribute to market

CAN GOVERNEMET INTERVENTIONS CONTROL OR CONTRIBUTE TO MARKET FAILURES? US government interventions (banking and financial institutions, housing market, auto industry) during 2008 / 2009 financial crisis.

  What is the speed of light in miles per hour

What is the speed of light in miles per hour? Express your answer in scientific notation. The speed of light is 299,792,458 m/s.

  Analysing an organisations strategic position

The concept of Strategic fit describes the gap or fit between the environment and a firms strategy - Analysing an organisations strategic position

  Inverse demand curve for widgets

The inverse demand curve for widgets is P = 130-2Q. There are two firms, A and B, who produce wid- gets. Each firm has a constant marginal and average cost of producing the good that equals 10. Firms compete in quantities and they make their quant..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd