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Macro DQ
Discouraged Workers and the Economy
A "discouraged worker" is an individual without a job who has a desire to work; however, the worker has not actively searched for a job within the last six months, because the worker believes that there are no jobs available. Such a worker is not included in the official unemployment count.
Consider a scenario where discouraged workers are now included in the official unemployment rate during a recessionary period in the economy. Which of the three types of unemployment-frictional, structural, or cyclical-do you believe that these unemployed workers would most closely qualify for? How about during a period of economic expansion? Explain your answers and include examples.
Next, discuss and explain how including discouraged workers in the official unemployment rate would affect both the federal deficit and the national debt. Include examples to support your conclusions.
Assuming the population is roughly symmetric construct a 95% confidence interval for the mean annual consumption of alcoholic beverages by European young women.
1) Explain the difference between a budget deficit and the national debt. 2) Use the Marginal Income Tax Rates in Figure 15.6 (see p. 463) to compute the following:
(a) How many men should the contractor add so he can finish the work on time? (b) If the additional men of 5 are paid 220 pesos a day and the at 190 pesos a day, would the contractor save money by employing more men than paying the fine?
Discuss the various ways governments can handle externalities, such as noise from a local airport or a barking dog or building of commercial office space or an industrial building in a residential area? How does the assignment of property rights a..
california employers of more than 50 workers are now required to offer paid family leave for workers with newborn
Draw a graph of the aggregate production function with capital, K, on the horizontal axis. Why does it have the shape that you have drawn?
The unitd States alo mantains barirs against Idian imports such as textiles. Mrs. Clinton, Presidet Obama, and Anand sharma, The indian minister o commerce and inustry,say they want to dismantle these trade barriers.
What is the major difference between a tariff and a quota? If you were the government, which one would you do when looking at imports?
What accounts for whether case a or case b occurs? d. Suppose that a scalper had secretly learned before the announcement that Aaron Han would not play in the next game. What actions do you think he would take?
At the profit-maximizing cost-minimizing level of output, average total cost is $1.90 per hamburger and average variable cost is $1.75 per hamburger.
For few months, prior to your vacation trip to France, you find that the exchange rate for your U.S. dollar has increased relative to the Euro. If you were a U.S. citizen or resident, are you pleased? Explain.
Assume that you have been invited to advise the Federal Reserve Chairman about the direction of U.S. monetary policy for the year ahead.
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