Reference no: EM132530644
Unemployment and Inflation
Two of the biggest issues in macroeconomics are inflation and unemployment. Policymakers would like to keep both of these measures low. Often, however, there is a tradeoff between the two. A strong economy that lowers unemployment can put upward pressure on prices. A weak economy that lowers inflation can increase unemployment.
We currently have the benefit of both very low unemployment and inflation. But things could change and it's good to have policy plans in place before either of these problems gets too bad.
Imagine that you are in charge of macroeconomic policy. Answer these questions, being sure to explain your answers.
What are some of the problems, difficulties, or hardships caused by unemployment?
What are some of the problems, difficulties, or hardships caused by inflation?
If you had to make a choice today between a policy that would head off increases in inflation or increases in unemployment, which one would you choose?
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Find the sales budget to the production budget
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Define the efficient market hypothesis
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Write opinion regarding collection of personal phone records
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What is the gross profit for the period
: The company has an effective tax rate of 20%. Eneri uses the periodic inventory method. If the company uses FIFO, what is the gross profit for the period
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Unemployment and inflation
: What are some of the problems, difficulties, or hardships caused by unemployment?
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What is a master budget
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Is weighted-average methods almost identical product costs
: In a lean environment, the FIFO and weighted-average methods would produce almost identical product costs. Do you agree with this statement?
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