Discuss the change in the u.s. unemployment rate

Assignment Help Business Economics

Reference no: EM13155149

While referring to the "EYE on YOUR LIFE" section, discuss the change in the U.S. unemployment rate and inflation rate over the past year based on the Phillips curve concepts. Did they change in the same direction or in opposite directions? Explain if the change was a movement along a short-run Phillips curve or a shifting short-run Phillips curve. Can you think of reasons why the short-run Phillips curve might have shifted? Finally, based on these economic concepts as well as your own point-of-view, discuss and explain what is worse for our U.S. economy, too much inflation or too much unemployment?

Reference no: EM13155149

Questions Cloud

Problem regarding sole propritorship : Luis is the sole shareholder of Stork Inc. a C corporation, and Eduardo owns a sole propritorship. Both businesses were started in 2010 and make a profit of 80,000 this year. Each owner withdraws 50,000 from his business during the year. Which of ..

Understanding inventory valuation methods : Explain the importance of understanding inventory valuation methods in determining the quality of the profit numbers.

Determine the effects of an increase in the capital stock : determine the effects of an increase in the capital stock on current equilibrium output, employment, the real wage, the real interest.

Computing the company roi : Given the following information for Satoko Company, compute the company's ROI: Sales - $1,000,000; Controllable Margin - $150,000; Average Operating Assets - $500,000.

Discuss the change in the u.s. unemployment rate : discuss the change in the U.S. unemployment rate and inflation rate over the past year based on the Phillips curve concepts.

Journalize the entries to close income summary : After closing all expense and revenue accounts at the end of the year, Income Summary has a credit balance of $90,000, that Sharp and Townson have agreed to split on a 2:1 basis, respectively. (a) Journalize the entries to close the income summar..

Problem related to break-even point : A company with sales of $100,000, variable expenses of $70,000, and fixed expenses of $50,000 will reach its break-even point if sales are increased by $20,000.

How do they affect the results of the analysis : What are the variables of a regression analysis, and how do they affect the results of the analysis? What challenge does this pose to getting reliable results?

Total cost of manufactured shoes : Prepare for aytenew plc. The following accounts for the year ended 31: december 2013 and a manufacturing account showing the prime cost and total cost of manufactured shoes transferred to the trading account.

User Account

All Pages