The town of cuomoville, If planned aggregate expenditure

The town of cuomoville

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Reference no: EM136262

21. If planned aggregate expenditure (PAE) in an economy equals 2,000 + 0.48Y and potential output (Y*) equals 4,000, then this economy has

The town of Cuomoville consists of the following individuals:
Zach is a jet fighter pilotin Air Force.
Yvette is employed part time as the Town Librarian.
Xavier has his own carpentry business.
Wanda works full time at the local flour mill.
Victor has not been able to find a job for two years and has given up looking for work,
spending his time recently at the Occupy Wall Street demonstrations in Manhattan.
Ursula usually works as a teacher, but she has been home for the month caring for a sick child.
Thomas works 60 hours per week as a marijuana grower and dealer.
Samantha was just laid off from Home Depot and is actively seeking a new job.
Robert works four hours per week as a lounge musician.
Quincy is a recent college graduate and he has been busy looking for his first real job.
Patricia is employed full time as a lawyer.
Ophelia is a college student with a part-time job as a waitress.

What amount of labor force in Coumoville? What is the unemployment rate?

Reference no: EM136262

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