Suppose that the government altered the computation of the unemployment rate by including people in the military
Question:
a. How would this affect the actual unemployment rate?
b. How would such a change affect estimates of the natural rate of unemployment?
c. If this computational change were made, would it in any way affect the logic of the short-run and long-run Phillips curve analysis and its implications for policymaking? Why might the government wish to make such a change?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
a if the government changes the calculation of the unemployment rate by including ...View the full answer
Answered By
Robert Mbae
I have been a professional custom essay writer for the last three years. Over that period of time, I have come to learn the value of focusing on the needs of the clients above everything else. With this knowledge, I have worked hard to become an acclaimed writer that can be trusted by the customers to handle the most important custom essays. I have the necessary educational background to handle projects up to the Ph.D. level. Among the types of projects that I've done, I can handle everything within Dissertations, Project Proposals, Research Papers, Term Papers, Essays, Annotated Bibliographies, and Literature Reviews, among others.
Concerning academic integrity, I assure you that you will receive my full and undivided attention through to the completion of every essay writing task. Additionally, I am able and willing to produce 100% custom writings with a guarantee of 0% plagiarism. With my substantial experience, I am conversant with all citation styles ranging from APA, MLA, Harvard, Chicago-Turabian, and their corresponding formatting. With all this in mind, I take it as my obligation to read and understand your instructions, which reflect on the quality of work that I deliver. In my paper writing services, I give value to every single essay order. Besides, whenever I agree to do your order, it means that I have read and reread your instructions and ensured that I have understood and interpreted them accordingly.
Communication is an essential part of a healthy working relationship. Therefore, I ensure that I provide the client with drafts way long before the deadline so that the customer can review the paper and comment. Upon completion of the paper writing service, the client has the time and right to review it and request any adjustments before releasing the payment.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Suppose that the government passes legislation making it more difficult for firms to fire workers. (An example is a law requiring severance pay for fired workers.) If this legislation reduces the...
-
A city included the schedule that follows in its ï¬nancial statements. 1. Prepare entries to reï¬ect the activity relating to improvements and equipment in both the general-fund and...
-
Suppose that a consumer has income y in the current period, income y' in the future period, and faces proportional taxes on consumption in the current and future periods. There are no lump-sum taxes....
-
Using the Trust Services Principles and Criteria for the Online Privacy Principle, develop an online privacy policy for Alltel Stadium that could be posted on the stadiums website for customers to...
-
Floor Show Corporation produces area rugs. The following per unit cost information is available: direct materials $18, direct labor $9, variable manufacturing overhead $5, fixed manufacturing...
-
Describe at least five new communication technologies in terms of data richness.
-
The following are the balances of the assets, liabilities, and equity of Hair Today Salon at July 31, 2010: Requirements 1. What type of business organization is Hair Today Salon? 2. Prepare the...
-
What are the intangible factors that are important in evaluating a company's financial position and performance but are not available in the annual report?
-
Thornton Corporation sells products for $41 each that have variable costs of $11 per unit. Thornton's annual fixed cost is $705,000. Required Use the per-unit contribution margin approach to...
-
Air is pumped into the steel thin-walled pressure vessel at C. If the ends of the vessel are closed using two pistons connected by a rod AB, determine the increase in the diameter of the pressure...
-
Consider the data in Problem 16-8. Suppose that the money supply increases by $100 billion and real GDP and the income velocity remain unchanged. a. According to the quantity theory of money and...
-
Both the traditional Keynesian theory discussed in Chapter 11 and the new Keynesian theory considered in this chapter indicate, that the short-run aggregate supply curve is horizontal. a. In terms of...
-
Is it a good strategy to focus most marketing efforts on the most profitable customers?
-
Determine the attached wide I-bar HE100Bpermissible torque Tsall when permittedshear stress ?sall = 115 MPa. What isthen permissible distortion ?allowable (?/m)G = 80 GPa 100 mm 100
-
In 1965, the United States was at war with North Vietnam. Many people protested against it. Inspired, several students in Des Moines, Iowa planned a protest. They decided to wear black armbands with...
-
Write a javascript program to display the grade of a student 1) Text 1-Student Name 2) Text 2-Student Id 3) Text 3 - Mark 4) Button - When you click the button display the grade in Paragraph (apply...
-
Your customer Gods Blessing Enterprise Ltd is negotiating with Joe Bloggs Ltd of UK for the supply of Cars to Lectures and Medical Doctors valued at 150,000,000. The terms of payment are 60 days...
-
Given the frequency distribution for the data, Age Frequency Relative Frequency Cumulative Relative Frequency [20,29] 0.0333 [30,39] 0.3 0.3667 [40,49] [50,59] 0.5334 [60,69] 0.8001 [70,79] 0.9668...
-
Which of the following statements concerning SO 2 is(are) true? a. The central sulfur atom is sp 2 hybridized. b. One of the sulfuroxygen bonds is longer than the other(s). c. The bond angles about...
-
1. What are some current issues facing Saudi Arabia? What is the climate for doing business in Saudi Arabia today? 2. Is it legal for Auger's firm to make a payment of $100,000 to help ensure this...
-
What If the Facts Were Different? If Neely had admitted that he had committed all of the wrongful acts attributed to him by Cash, would the outcome of this case have been different? Why or why not?
-
The Legal Environment Dimension Why is discrimination presumed under the ADEA when a plaintiff establishes a prima facie case, unless the employer provides a nondiscriminatory explanation for the...
-
Would Lyles claim of racial discrimination be for intentional (disparate-treatment) or unintentional (disparate-impact) discrimination? Explain. Amaani Lyle, an African American woman, was hired by...
-
A. Thecompound dimethylamine , (CH 3 ) 2 NH ,is a weak base when dissolved in water. Write the K b expression for the weak baseequilibrium that occurs in an aqueous solutionof dimethylamine : Part...
-
The comparative balance sheet of Merrick Equipment Co . for December 3 1 , 2 0 Y 9 and 2 0 Y 8 , is as follows: Line Item Description December 3 1 , 2 0 Y 9 December 3 1 , 2 0 Y 8 Assets Cash $ 2 9 1...
-
1. HCl is a covalent (molecular) compound in the gas phase. Does your data indicate that HCI behaves as molecules or ions when dissolved in water? Explain your conclusion. 2. Write a chemical...
Study smarter with the SolutionInn App