Question: A politician stated, If my party wins the election we will ensure that we achieve an unemployment rate of zero percent. Is this realistic? Explain

A politician stated, "If my party wins the election we will ensure that we achieve an unemployment rate of zero percent. Is this realistic? Explain

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The claim of achieving a zero percent unemployment rate is a complex issue with significant economic and practical considerationsWhile it may sound ap... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

The Fed's maximum employment mandate is generally interpreted as an attempt to achieve an unemployment rate that is as close as possible to the natural rate and inflation that is close to its 2% goal...

1. Why is it necessary to calculate real GDP? 2. Is it true to state that higher economic growth will always increase the economic welfare of a nation? Explain. 3. Explain the importance of "green...

Question 4 A news article stated, "The unemployment and labour force participation rate increased by 0.1 and 0.4 percent respectively". Is this positive news for the economy? Explain. 2 Marks Define...

1. Is it true to state that higher economic growth will always increase the economic welfare of a nation? Explain. 2. Explain the importance of "green GDP" and name two (2) countries that are using...

L K Question 9, 8.7.7 HW Score: 57.33%, 8.6 of 15 points Points: 0 of 1 search Save Use - A P 1 + - nt to determine the regular payment amount, rounded to the nearest dollar. Consider the following...

(2. Discuss two ways the government can try to reduce structural unemployment. d. A politician stated, \"if my party wins the election we will ensure that we achieve an unemployment rate of zero...

Discuss two ways the government can try to reduce structural unemployment. A politician stated, "If my party wins the election we will ensure that we achieve an unemployment rate of zero per cent. Is...

a. A politician stated, "If my party wins the election we will ensure that we achieve an unemployment rate of zero percent.Is this realistic. Explain. b. Tom and Jerry were discussing their job...

Compute the equivalent resistance of the network in Fig, and find the current in each resistor. The battery has negligible internal resistance. E = 60.0 V, r=0 3.00n 12,0 6.00N 4.00 n

Joe Henderson runs a small metal parts shop. The shop contains three machines-a drill press, a lathe, and a grinder. Joe has three operators, each certified to work on all three machines. However,...

Your team has developed a new website for finding the cheapest food delivery option. You are conducting an evaluation to assess the quality of the final design. You are collecting information about...

A gigantic ware-house located in Tampa, Florida, stores approximately 60 million empty aluminum beer and soda cans. Recently, a fire occurred at the warehouse. The smoke from the fire contaminated...

Jerome's basis in his partnership interest is $50,000. Jerome receives a pro rata liquidating distribution consisting of $10,000 cash, land with a basis of $40,000 and a fair market value of $60,000,...

If "correlation does not imply causation", what does it imply?

Pigmented makeup products like mascara and eye shadow may contain metal (e.g., nickel) allergens. Is a nickel allergy more likely to occur in women who report cosmetic dermatitis from using eye...

The August 31 bank statement of Watson Healthcare has just arrived from United Bank. To prepare the bank reconciliation, you gather the following data: a. The August 31 bank balance is $5,630. b. The...

The insurance company reimbursed her $6000. She can claim the $200 loss as a deduction on her 1040. True or False?

Use superposition to find vo in the circuit of Fig. 4.77. Figure 4.77 For Prob. 4.9. 2 2 4 6 A 1 18 V

For the circuit shown in Fig. 10.107, find the Norton equivalent circuit at terminals a-b. 60 40 3260P A O a b o j80 -j30

The voltage across the terminals of a circuit is V(t) = 30 + 20 cos(60 t + 45) + 10 cos(60 - 45) V If the current entering the terminal at higher potential is I(t) = 6 + 4 cos (60 t - 45) + 10 cos(60...

It is asserted that 80% of the cars approaching an individual toll booth in New Jersey are equipped with an E-ZPass transponder. Find the probability that in a sample of six cars: a. All six will...

In a recent survey, 35% indicated chocolate was their favorite flavor of ice cream. Suppose we select a sample of 10 people and ask them to name their favorite flavor of ice cream. a. How many of...

Ms. Bergen is a loan officer at Coast Bank and Trust. From her years of experience, she estimates that the probability is .025 that an applicant will not be able to repay his or her installment loan....