When unemployment is below its steady state value

Reference no: EM13212598

unemployment evolved according to fU = sE - fU where E is the level of employment and that the steady state unemployment rate was (U/L) = s/(s+f). Show that when unemployment is above its steady state value it tends to fall and that when unemployment is below its steady state value it tends to rise.

Reference no: EM13212598

Questions Cloud

Find the cross-price elasticity of demand : What is the relationship between goods x and y? Explain carefully. Using income as your primary factor, identify what category Good X falls into. Find the price elasticity of demand. Find the income elasticity of demand. Find the cross-price elast..

Determine the net electric output : Water enters a hydraulic turbine through a 30-cm-dia pipe. The pressure drop in the turbine is measured by a mercury manometer to be 1.2 m. For a combined turbine-generator efficiency of 83%, determine the net electric output. Disregard the effect..

Explain what is the molar mass of the enzyme : Assuming the density of the solution is 1.00 grams/mL, what is the molar mass of the enzyme?

Discuss the trade-off of risk : Identify a "risky" and a "safe" investment and provide rationale to justify your choices. Also, discuss the trade-off of risk and reward between your two investments.

When unemployment is below its steady state value : unemployment evolved according to ?U = sE - fU where E is the level of employment and that the steady state unemployment rate was (U/L) = s/(s+f). Show that when unemployment is above its steady state value it tends to fall.

Explain what is the mole fraction of compound in the vapor : If the vapor pressure of the pure liquids at 20.0deg C are 227 torrand 31.7 torr respectively, what will be the total vapor pressure of the mixture? Also, what will be the mole fraction of each compound in the vapor?

What should be the hedge ratio : What are its intrinsic values at stock prices of $45 and $38, respectively, and what should be the hedge ratio and what should be the value of the hedged portfolio at expiration

Define why the element bromine prefers to have its two atoms : Explain why the element bromine prefers to have its two atoms form covalent bonds rather than ionic bonds

What are the assumptions and limitations of forecast model : Demand estimation for brand-name consumer products is made difficult by the fact that managers must rely on proprietary data. There is simply not enough publicly available data, which can be used to estimate demand elasticity for brand-name produc..

User Account

All Pages