What unemployment rates expect to see in this economy

Assignment Help Macroeconomics

Reference no: EM13181542

Suppose the economy has a natural rate of unemployment of 5%.

a. Suppose short-run output over the next four years is +1%, 0%, -1%, and -2%. According to Okun's law, what unemployment rates would we expect to see in this economy?

b. Consider another economy in which the unemployment rate over the next three years is 6%, 7%, and then 4%. According to Okun's Law, what are the levels of short run output (Y tilde) in this economy?

Reference no: EM13181542

Questions Cloud

Use the critical value approach : Test at the 1% level of significance, whether the two population proportions are significantly different. Formulate and test the appropriate hypotheses. Use the critical value approach.

State what is the most likely molecular formula : A certain gaseous oxide of sulfur has an effusion rate that is 0.707 times the effusion rate of oxygen gas. What is the most likely molecular

Use newton''method to find the coordinates of the inflection : Use Newton's method to find the coordinates of the inflection point of the curve y = ecos(x),0 ≤ x ≤ π , correct to six decimal places.

What is the maximum revenue : Should the unit price be raised slightly from 40 in order to increase revenue? Enter 1 for Yes or 2 for No .

What unemployment rates expect to see in this economy : Consider another economy in which the unemployment rate over the next three years is 6%, 7%, and then 4%. According to Okun's Law, what are the levels of short run output (Y tilde) in this economy? Suppose short-run output over the next four years ..

Calculation of equilibrium and price ceiling quantities : Based on your calculation of equilibrium and price ceiling quantities, demand is, When the government imposes a price ceiling = $12, disequilibrium between quantity demanded and quantity supplied results in.

Calculate the height of a cliff : Calculate the height of a cliff when a ball is dropped from the cliff. The time for the fall is 10 second before hitting the ground (time of fall is 20 seconds) Given: Vo=0, V=20 m/s (final speed just before hitting the ground) gz 10 m/s to the 2 - t..

Develop a evaluation test : Develop a evaluation test that will be given to determine if the new employee training was effective. the test can be a visual description of what the employee must do, like a multiple choice, truth/ false, short answer test.

Organizational theory and design : Organizational Theory and Design - Are different types of service technologies likely to be associated with different structures? Why or why not? 300 words or more, references, APA format

User Account

All Pages