Assuming a Markov chain model for the labour market flow, we study it in its equilibrium state, We compare the observed and the theoretical unemployment rates. It is found that the observed unemployment rate approximates very closely the theoretical one. The mean and variance of the observed ...
The natural rate of unemployment is the sum of the frictional and structural unemployment rates. It does not include cyclical unemployment that results from a downturn in the business cycle. When the unemployment rate falls below its natural rate, there is upward pressure on wages, and the ...
According to thegeneral equilibrium modelof economics, natural unemployment is equal to the level of unemployment in a labor market at perfect equilibrium. This is the difference between workers who want a job at the current wage rate and those willing and able to perform such work. Under this ...
The second variable is the unemployment rate 青云英语翻译 请在下面的文本框内输入文字,然后点击开始翻译按钮进行翻译,如果您看不到结果,请重新翻译! 翻译结果1翻译结果2翻译结果3翻译结果4翻译结果5 翻译结果1复制译文编辑译文朗读译文返回顶部 第二个变量是失业率...
To be sure, it is a good thing that the easing in supply–demand imbalances in the labor market and the disinflation we are seeing thus far have taken place with only a modest increase in the unemployment rate, which was 3.9 percent in October. As I have discussed, that favorable combinat...
Leeson R (1996b), `The Rise of the Natural-Rate of Unemployment Model', History of Economics Review, Winter-Summer, (25), pp 249-264.Leeson, R. (1996), `The Rise of the Natural Rate of Unemployment Model', History of Economics Review, 25....
Focuses on the causation running from changes in productivity to unemployment. Theory of unemployment; Way by which changes in productivity can affect the unemployment rate; Use of changes in productivity to explain changes in the unemployment rate.关键...
This paper shows that the firm's decision to evade taxes also depends on trust in tax authorities and affects one of the most important macro-economic variables: the unemployment rate. Also, the model is able to mimic the crucial interaction between trust and power and its effects on tax ...
The inflation rate usually rises near the end of a business cycle expansion and then falls during a recession. The unemployment rate declines during the latter part of an expansion and increases during a recession. B. The unemployment rate often continues to increase even after an expansion has ...
14. The unemployment rate kept rising in that decade, ___ did economic growth accompanied by rampant commercialism and consumerism. A. suchB. asC. andD. or 选B。考点:方式状语从句、倒装。 很典型的一个用法。as引导方式状语从句常用倒装,主要用于加强语气,增强表现力,意为“正如”“像……一样”...