Forecast the unemployment rate

Assignment Help Business Economics

Reference no: EM1367179

The price level in the economy in 2007 and 2008 rose from 100 to 105. In 2008 and 2009, the price level increase from 105 to 110.25. How does the short-run Phillips curve predict the unemployment rate will change as a result?
A) The unemployment rate will decrease since inflation decreased.
B) The unemployment rate will decrease since inflation increased.
C) The unemployment rate will increase since inflation increased.
D) The unemployment rate would not change since there is no change in the rate of inflation.

You are traveling in Ireland and are thinking about buying a new digital camera. You have decided that you would be willing to pay $125 for a new camera, but cameras in Ireland are all priced in euros. If the camera you are looking at costs 115 euros, under which of the following exchange rates would you be willing to purchase the camera? (Assume no taxes or duties are associated with the purchase.)
A) 0.56 euros per dollar
B) 0.89 euros per dollar
C) 0.92 euros per dollar
D) You would purchase the new camera at any of the above exchange rates

Reference no: EM1367179

Questions Cloud

Consumer surplus-producer surplus-deadweight loss : Compute the equilibrium price and quantity. Describe why the output and price levels are different for X1 and X2. Explain what occurs to consumer surplus, producer surplus, and deadweight loss.

Write method that accepts as parameter reference : Write a method maxVal that accepts as parameter the reference to the head node of a linked list of integers. The method should return the largest value in the list.

Find out the heat required to melt all the ice : An unmarked police car travelling a constant 85 km/h is passed by a speeder travelling 145km/h. Precisely 1s after the speeder passes, police officer steps on the accelerator.

Computing price-income and advertising elasticity : A firm has estimated the following demand function for its product:

Forecast the unemployment rate : The price level in the economy in 2007 and 2008 rose from 100 to 105. In 2008 and 2009, the price level increase from 105 to 110.25. How does the short-run Phillips curve forecast the unemployment rate will change as a result?

Explain organizations pools markets and expertise : When output of some units can be used as inputs to othe units, or if two organizations pools markets and expertise which results in lower costs and generate profits it is frequently referred to as creating?

Find out the time taken by the projectile : A projectile is shot from the edge of a cliff 115m above ground level with initial speed of 65m/s at an angle of 35 degrees with the horizontal.

Example of healthcare collaboration : Identify a collaborative that was completed in your area of practice. Discuss how you or your organization can use the findings and recommendations to improve care. Be specific.

Write characteristics of smtp-pop3-tcpprotocols : There is an alphabet soup of protocols in TCP/IP - HTTP,FTP,SMTP,POP3,TCP,UDP,IP,ARP,ICMP, and others. What are the characteristics of these protocols? What are they used for?

User Account

All Pages