Fema Employment
The unemployment rate is an important indicator of the health of the United States economy.?
(a) Assume that with the economy at full employment, the government implements an expansionary fiscal policy. How does the actual unemployment rate at the new short-run equilibrium compare with the natural rate of unemployment? (b) Assume that a significant number of workers are involuntarily changed full-time to part-time employment. Explain how this will affect the number of people who are officially classified as unemployed. (c) Assume that the government reduces the level of unemployment compensation. (i) Explain how this affects the natural rate of unemployment (ii) Using a correctly labeled graph, show how this affects the long-run Phillips curve. Thanks. If you give me an insight to the ?s that would be awesome or if you know of a site that can help me out please tell me. Thanks again.
Public Comments
- G'day, I live in Australia We have a really booming economy at the moment Our Unemployment rate is at the lowest it has ever been Our government brought in new legislation called "Workchoices" which brought the unemployment rate down significatly The more people in the workforce, the more taxes, the stronger economy We now have a new government who is scrapping the legislation Watch with interest our Economy Fail
