Discuss everyone who wants a job is working

Assignment Help Macroeconomics
Reference no: EM131630170

The short-run aggregate supply curve (AS) is upward sloping because:

an increase in the aggregate price level will cause an increase in the interest rate and a reduction in output.
a reduction in the aggregate price level causes a reduction in nominal money demand and a reduction in the interest rate.
an increase in the nominal wage causes a reduction in the amount of output that firms are willing to produce.
an increase in output causes an increase in employment, a reduction in unemployment, an increase in the nominal wage and an increase in the price level.

When the price level is equal to the expected price level, we know from our theory that:

everyone who wants a job is working.
the goods market is in equilibrium.
the unemployment rate is equal to the natural rate of unemployment.
both the price level and the expected price level are equal to one.
financial markets are in equilibrium.

The natural level of employment will increase when which of the following occurs?

an increase in the markup of prices over costs
an increase in unemployment benefits
an increase in the actual unemployment rate
all of the above
none of the above

Reference no: EM131630170

Questions Cloud

Major differences between public and private administration : What are the major similarities and major differences between public and private administration? According to the text, what make public administration public?
How people view a new product or idea : Do research to learn about the use of focus groups to gain insight into how people view a new product or idea. With your team, design a set of focus group.
Invaluable to possess as a life coach : As you start your investigation of the "tools" needed to become a successful Life Coach, present and defend 1 more "tool" that you think.
What are the pros and cons of using reversing entries : What are reversing entries? Why are they used? What are the pros and cons of using reversing entries
Discuss everyone who wants a job is working : When the price level is equal to the expected price level, we know from our theory that
Analyze the pros and cons of a police psychologist serving : Analyze the pros and cons of a police psychologist serving as the primary negotiator using evidence and examples from these articles.
Relationship of our health care cost to our health care : Where does the money come from, and how is it used? What is the relationship of our health care cost to our health care value?
What should be wolfpack total liabilities balance : Wolfpack Inc. has the following information available at year-end: What should be Wolfpack's total liabilities balance at year-end
Why you chose the particular piece of work : Holistic synthesis of the previous terms. Why you chose this particular piece of work and how the evaluation affected your initial view of the art piece.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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