aSocieties are sometimes inside their production-possibility frontier.When unemployment is high or when revolution or inefficient government regulations hamper economic activity,the economy is inefficient and operates inside its PPF. 社会有时是在他们的生产可能性边境里面。当失业高时或,当革命或效率低政府...
Using the factors that influence the natural unemployment rate, explain what would cause the natural unemployment rate to increase. How do you compare the distribution of unemployment by duration over a period of years? What relationship is there? How does downsizing affect the ...
Reflating the economy would lead to greater demand for labour:- Govt could use macro-economic policies to increase AD and thereby generate a higher level of national income and employment. Reflationary policies can help to mitigate the effects of an economic recession but there are risks ...
During our current recession, the government decided to increase the unemployment benefits people received. How would you expect this to affect the unemployment rate? What impact does the minimum wage have on the economy? Does it necessarily lower employment? How would an increase in unemployment...
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Suppose the economy has a natural rate of unemployment of 6% a) Suppose short-run output over the next 4 years is +1%, 0%, -1%, and -2%. According to Okun's law, what unemployment rates would we wxpec Suppose that an ec...