In Figure, does unemployment change more rapidly when it is increasing, or when it is decreasing? Based on previous experience, when will the unemployment rate again reach 4% after the 2008–2009 recession?
Answer to relevant QuestionsFigure shows that the inflation rate and the money growth rate increased on trend until about 1980, and then decreased. What happened to the variability in the inflation rate and the variability in the money growth rate in ...In Figure, there were three periods prior to 2006–2012 when the relative price of housing declined. Determine the approximate magnitudes of the relative housing price decline in these earlier periods compared to the ...In some countries, price controls exist on some goods, which set maximum prices at which these goods can be sold. Indeed, the United States experienced a period of wage and price controls when the Nixon administration ...In Figure, if we had only the data from 1980 to 2012 to go on, what would we conclude about the relationship between the nominal money supply and real GDP? Explain the significance of this.Suppose, as in the federal income tax code for the United States, that the representative consumer faces a wage income tax with a standard deduction. That is, the representative consumer pays no tax on wage income for the ...
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