FREE Trial

In this chapter we saw that the steady-state rate of unemployment is U/L = s/(s + f). Suppose that the unemployment rate does not begin at this level. Show that unemployment will evolve over time and reach this steady state.

In this chapter we saw that the steady-state rate of unemployment is U/L = s/(s + f). Suppose that the unemployment rate does not begin at this level. Show that unemployment will evolve over time and reach this steady state.

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!
  • Tutor Answer

To show that the unemployment rate evolves over time to the steady state rate lets begin by defining …View the full answer


answer-question
Related Book For  answer-question
Macroeconomics

Macroeconomics

ISBN: 978-1464168505

5th Canadian Edition

Authors: N. Gregory Mankiw, William M. Scarth

See More Books
Posted Date: December 31, 2015 01:35:22
See More Questions

Students also viewed these Economics questions

Q:
In this chapter, we saw that Amy, of Amys Baking Company, didnt do such a good job responding to a customers review. Rewrite Amys response to get a better reaction.
A:
Amys response has many flaws she is too defensive insu......
Q:
In this chapter, we saw that financial market integration is necessary for countries to smooth consumption through borrowing and lending. Consider two economies: those of the Czech Republic and...
A:
a This is an example of a common shock The Czech Republic and France would be unable to use financia......
Q:
In this chapter we have discussed a number of location decisions. Consider another: United Air Lines announced its competition to select a town for a new billion-dollar aircraft-repair base. The bid...
A:
Location is a major issue in the U S today Almost every community is seeking new jobs especially fro......
Q:
Consider the hypothetical eutectic phase diagram for metals A and B, which is similar to that for the lead-tin system, Figure 9.8. Assume that (1) and phases exist at the A and B extremities of the...
A:
We are given a hypothetical eutectic phase diagram for which Ceutectic 47 wt B C 9......
Q:
Callaway is thinking about entering the golf ball market. The company will make a profit if its market share is more than 20%. A market survey indicates that 140 of 624 golf ball purchasers will buy...
A:
tr mso height source auto col mso width source auto br mso data placement same cell style0 mso number format General text align general vertical align......
Q:
As seen in Problem 3.109, silicon carbide nanowires of diameter D = 15 nm can be grown onto a solid silicon carbide surface by carefully depositing droplets of catalyst liquid onto a flat silicon...
A:
KNOWN Dimensions of electronics package and finned nano heat sink Temperature and heat transfer coef......
Q:
What has Ford been evaluating with respect to service design and why?
A:
Their strategy with respect to service design has been foc......
Q:
Colonial Cookies, Inc., bakes cookies for retail stores. The companys best-selling cookie is chocolate nut supreme which is marketed as a gourmet cookie and regularly sells for $8.00 per pound. The...
A:
1 New contribution report for February based on a flexible budget Each dollar number in the flexible budget column is equal to the static budget number given in the problem multiplied by 1 125 225 000......
Q:
Carla purchased a home for $375,000. She will have a mortgage of $340,000 at 5.25% which has monthly principal and interest payments of $1,877.49. The annual property tax bill is $4,687.50. The...
A:
To calculate the monthly payment on this loan we need to consider the principal and interest propert......
Q:
Determine vo for each network of Fig. 2.171 for the input shown. Si 5 V Ideal 20 V 2.2 k 6.8 k -20 V
A:
a Si diode open for positive pulse of v i and v o 0 V For 20 V v i 0 7 V di......
Q:
Answer the following questions about your own experience in the labour force: a. When you or one of your friends is looking for a part-time job, how many weeks does it typically take? After you find...
A:
a In the example that follows we assume that during the school year you look for a part t......
Q:
The residents of a certain dormitory have collected the following data: People who live in the dorm can be classified as either involved in a relationship or uninvolved. Among involved people, 10...
A:
Call the number of residents of the dorm who are involved I the number who are uninvolved U an......
Q:
Calculate a linear trend forecast for periods 1-8 using Excel or some other spreadsheet application. What are the sample correlation coefficient and sample coefficient of determination? Do you think...
A:
Using LINEST function in Excel ret......
Q:
In many manufacturing plants, individuals are often working around high temperature surfaces. Exposed hot surfaces that are potential for thermal burns on human skin tissue are considered to be...
A:
To determine the amount of heat rate that needs to be removed from the steel strip to cool it down from 597C to 47C we can use the heat transfer equat......
Q:
What are the mechanisms of energy transfer to a closed system? How is heat transfer distinguished from the other forms of energy transfer?
A:
Energy can be transferred to a closed......
Q:
How do rating problems in heat transfer differ from the sizing problems?
A:
Rating problems and sizing problems in heat transfer engineering differ in their objectives and the information they require Objective Rating Problems......
Q:
In a manufacturing plant, AISI 1010 carbon steel strips ( = 7832 kg/m 3 ) of 2 mm thick and 3 cm wide are conveyed into a chamber at a constant speed to be cooled from 527C to 127C. Determine the...
A:
To determine the speed of the steel strip being conveyed inside the chamber we can use the equation......
Q:
What is the importance of modeling in engineering? How are the mathematical models for engineering processes prepared?
A:
Modeling plays a crucial role in engineering for several reasons Understanding Complex Systems Engineering often deals with complex systems and processes such as fluid dynamics in aerospace engineerin......
Q:
What does it mean to be empowered? What factors lead to empowerment?
A:
Empowerment is the freedom and the ability of employees to make decisions and c......
Q:
Feller Company purchased a site for a limestone quarry for $100,000 on January 2, 2019. It estimate that the quarry will yield 400,000 tons of limestone. It estimates that its retirement obligation...
A:
1 2 Total cost of inventory Inventory Units Produced......
Q:
In recent years, the U.S. and Chinese governments have been at odds about the appropriate value of the exchange rate between the Chinese yuan and the U.S. dollar. The United States believes that the...
A:
This application is about how in recent years the U S and Chinese governments have bee......
Q:
The 2006 Economic Report of the President directly addressed whether the United States can continue to run large current account deficits and, of course, financial account surpluses. In the report,...
A:
For the United States to continue to run deficits......
Q:
When the euro was launched, countries with typically weaker currencies or fiscal discipline benefited from the discipline of one currency and a strong, single central bank. No longer would investors...
A:
This application discusses how as investment picked up worldwide in 2003 funds poured in......
Q:
Tracy Buss cannot understand why the cash realizable value does not decrease when an uncollectible account is written off under the allowance method. Clarify this point for Tracy.
A:
Tracy should realize that the decrease in cash realizable valu......
Q:
Mitch Lang cannot understand why the cash realizable value does not decrease when an uncollectible account is written off under the allowance method. Clarify this point for Mitch.
A:
Mitch should realize that the decrease in cash realizabl......
Q:
When an account is written off under the allowance method of accounting for bad debts, why doesnt the book value of Accounts Receivable decrease?
A:
The book value of Accounts Receivable is equal to the......
Q:
Sandhill Company manufactures hockey pucks and soccer balls, For both products, materials are added at the beginning of the production process and conversion costs are incurred evenly. Sandhill uses...
A:
Click to View...
Q:
Assume that Chapman Company acquired Abernethy's common stock for $500,000 in cash. Assume that the equipment and long-term liabilities had fair values of $220,000 and $120,000, respectively, on the...
A:
Purchase price allocation and annual excess fair value amortizations Acquisition date value consideration paid 500 000 Book value 400 000 Excess price......
Q:
Way Corporation disposed of the following tangible personal property assets in the current year. Assume that the delivery truck is not a luxury auto. Calculate Way Corporation's 2017 depreciation...
A:
Depreciation is 51 851 calculated as follows Asset Original Basis Quarter If mid quar......
Q:
If BAC = $12,000 and CPI = 1.2, what is the variance at completion? A. $2000 B. +$2000 C. $3000 D. +$3000
A:
Click to View...
Q:
Common terms associated with long-term assets follow. a. Tangible assets b. Natural resources c. Intangible assets d. Additions e. Betterments f. Extraordinary repair g. Depreciation h. Depletion i....
A:
1 i Amortization 2 d Additions 3 a Tangible assets 4 e Betterments 5 g Depreciation 6......
Q:
Alpha Inc wants to raise $22.5 million through a rights offering for an expansion project. The subscription price for the offering is set at $15 a share. Currently, the company has 3 million shares...
A:
To calculate how many rights a shareholder will need......
Q:
River Spray Company was organized to grow cranberries. They entered into an agreement with a landowner to lease 125 acres to develop a cranberry bog. The agreement states that River Spray will be...
A:
Total cost of transformation 150 000 500 000 207 500 100 000 121 574 1 079 074 P......
Q:
Pinkerton Corporations trial balance at December 31, 2010, is presented below. All 2010 transactions have been recorded except for the items described after the trial balance. Unrecorded transactions...
A:
a 1 Equipment 16 800 Cash 16 800 2 Depreciation Expense Equipment 450 Accumulated Depreciation Equipment 450 Cash 3 500 Accumulated Depreciation Equipment 2 250 Equipment 5 000 Gain on Disposal 3 500......
Q:
Criss Company has a credit balance of $2,200 in Allowance for Doubtful Accounts before adjustment. The estimated un-collectibles under the percentage of receivables basis is $5,800. Prepare the...
A:
The adjusting entry under t......
Q:
Consider the relationship between y = annual income (in thousands of dollars) and x 1 = number of years of education by x 2 = gender. Many studies in the United States have found that the slope for a...
A:
Since the effect of educati......
Q:
Refer to the x- and R-charts, Exercises 16.8 and 16.17. Conduct a runs analysis to detect any trend in the process. Data from Exercise 16.8 The central processing unit (CPU) of a microcomputer is a...
A:
A runs analysis is a valuable tool in statistical process control that helps us identify patterns or trends in data It involves counting consecutive d......
Q:
Repeat Problem 1 for the following gears: N = 180; P d = 80 Problem 1 A gear has 44 teeth of the 20, full-depth, involute form and a diametral pitch of 12. Compute the following: (a) Pitch diameter...
A:
Certainly let s calculate the values for the given gear with 44 teeth and a diametral pitch of 12 Gi......
Q:
For a one dimensional steady state variable thermal conductivity heat conduction with uniform internal heat generation, develop a generalized finite difference formulation for the interior nodes,...
A:
To develop a generalized finite difference formulation for the one dimensional steady state heat conduction problem with variable thermal conductivity......
Q:
After constructing a control chart for the proportions of defective one-euro coins, it is concluded that the process is within statistical control. Does it follow that almost all of the coins meet...
A:
No the conclusion that a process is within statistical control does not necessarily imply that almos......
Q:
Was the Milgram experiment described in this section unethical? Why or why not?
A:
The Milgram experiment conducted by psychologist Stanley Milgram in the early 1960s is often cited as an example of an ethically controversial study T......
Q:
Leasure Locks is a hair styling salon. The following is a list of costs connected with the salon. Identify each of the costs as variable, fixed, or mixed. Assume that activity is measured as the...
A:
A Hair products sold to customers Variable the cost increases as more customers buy products B Compu......
Q:
Given that all the choices are true, which one concludes the paragraph with a precise and detailed description that relates to the main topic of the essay? A. NO CHANGE B. Decades, X-ray C. Decades...
A:
The best answer is A This sentence is really two comp......
Q:
1. Identify and describe the problem discussed in Vodafone case. What management, organization, and technology factors contributed to the problem? 2. Why did Vodafone have to spend so much time...
A:
1 Management Vodafone has 400 million customers and 86 000 employees distributed throughout 40 count......
Q:
What were the threats for the InfoSys before they entered the "Building Tomorrow's Enterprise" phase? List opportunities that existed on a market for the InfoSys back then? Was the industry...
A:
Infosys Limited is an Indian multinational cooperation mainly entrenched in providing business consulting outsourcing and information technology services The company was founded 36 years ago in Pune I......
Q:
What were the business risks Enron faced, and how did those risks increase the likelihood of material misstatements in Enron's financial statements?
A:
Enron faced most of the risks ordinarily faced by any energy company including price instability and foreign currency risks However the speculative na......
Q:
Saeed does not keep proper books of account for his business but he has provided the following details of his assets and liabilities. Further information 1. Land and buildings have been revalued at...
A:
To calculate Saeed s profit or loss for the year ended June 30 2004 we need to determine his net income taking into account the changes in his assets......
Q:
(a) Is there a difference in the mean number of passengers bumped using software packages 1 and 2 from those using software packages 3 and 4? Test at the 10% level of significance. (b) Find a 95%...
A:
a The contrast is L 1 2 3 4 An estimate of L is L 11 667 3 8 333 6......
Q:
Homework I is due on Friday, May 22, at 11:58pm. The number of attempts available for each question is noted beside the question. If you are having trouble figuring out your error, you should consult...
A:
Click to View...
Q:
Determine whether the following symbolized arguments are valid or invalid by constructing a truth table for each.
A:
Click to View...
Q:
1. What problems such as lawsuits, reputation, and public image would GarageTek face if they closed failing franchises? 2. Is shuttering the failed franchises the right move for Shuman? What are his...
A:
1 Potential lawsuits that franchisees could bring against......
Q:
A replay attack is an attack where the attacker intercepts messages sent over the network and resends it to the receiver to fool the receiver into doing what the attacker wants. Describe a scenario...
A:
Scenario Imagine an online banking system where users can transfer funds between their accounts To e......
Q:
Exhibit 5.22 presents selected financial data for Tribune Company and Washington Post for fiscal 2006 and 2007. The Washington Post Company is an education and media company. It owns, among others,...
A:
a Altman s Z Score for Tribune Company 2006 Working Capital Assets 1 2 1 346 2 549 13 401 108 Retained Earnings Assets 1 4 3 138 13 401 328 EBIT Asset......
Q:
What are the sources of data for analytical CRM systems? Provide three examples of outputs from analytical CRM systems.
A:
nlytil RM is n integrl element f RM nd it n gther nd nlyze the dt fter lleting it frm the belw menti......
Q:
What are three reasons why a company would want to implement an enterprise resource planning (ERP) system and two reasons why it might not want to do so.
A:
To reduce cost through the unification of all the systems existing separately in the organization Th......
Q:
On January 1, 2019, Baznik Company adopted a defined benefit pension plan. At that time, Baznik awarded retroactive benefits to certain employees. These retroactive benefits resulted in a prior...
A:
1 a b 2 2019 Jan 1 Other Comprehensive Income Prior Service Cost 1 200 000......
Q:
A structure is composed of members AB and BC that are rigidly connected at B, as shown in Figure Q4. A uniformly distributed load of 20 kN/m acts on member AB. Flexural rigidity El is constant...
A:
SOLUTION To set up the equations using the flexibility method we need to determine the flexibility c......
Q:
find a speaker in the media whom you believe to be a good speaker. Locate a speech (YouTube or similar) by this person. Review the speech with an eye for the delivery. In your post: . Identify the...
A:
Speaker Barack Obama Speech 2004 Democratic National Convention Keynote Address Barack Obama is ofte......
Q:
What is the difference in the monthly payment amount for each loan? Show work here: What is the difference in the amount of principal paid off with the first payment of each loan? $ Show work here:...
A:
To calculate the difference in the monthly payment amount for each loan For the 30 year loan at 1 in......
Q:
a. Consider that you are going to enter a competition for suggesting a data warehouse architecture for a car company, what type of suggestion you can provide that would be the best and may win the...
A:
a Suggestion for Winning Data Warehouse Architecture To win a competition for suggesting a data warehouse architecture for a car company you should focus on innovation scalability and meeting specific......
Q:
Ariam and Shane have been married for 25 years and they both have been working for 45 years. Based on their CPP statements, Ariam is entitiled to a maximum CPP benefit of $985 per month, and Shane is...
A:
a To calculate the amount of pension that can be split we need to determine the maximum allowable sp......
Q:
The paper Sociochemosensory and Emotional Functions (Psychological Science [2009]: 11181124) describes an interesting experiment to determine if college students can identify their roommates by...
A:
a b 1 Let p 0 p 1 and p 2 be the proportions of the given numbers of correct identification......
Q:
Why is disclosure of depreciation or amortization methods and rates so important?
A:
Disclosure of depreciation or amortization methods and rates is important because companies hav......
Microeconomics Theory And Applications 11th Edition - ISBN: 1118065549 - Free Book