Evaluate the critics argument on the issue
Course:- Business Economics
Reference No.:- EM131088799

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Business Economics

Assume that you just saw the third quarterly economic statistics of this year for the U.S. economy. The data indicates that the economy has added 200,000 new jobs and the unemployment rate had fallen to 8%. Despite this good news, however, the report reveals that more than 500,000 individuals have given up the hope of employment. Some critics point to this number and argue that the decline in the unemployment rate is not real. What term do economists use to describe those who stop looking for a job? Evaluate the critics’ argument on the issue.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
A young college student on a tight budget is campaigning for an open city council seat. A friend in her economics class estimates that voters are influenced by TV and newspape
A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceilin
Suppose that, at the last minute, the company decides to purchase the same machinery at the same rate (8 percent), with payments decreasing by $7,500 each year. How much is
It is customary for the News media to report about consumer confidence and investor confidence while discussing the national economy. How do you think the confidence of the ec
True or false? According to the Aggregate Expenditures model, at equilibrium GDP, saving is equal to planned investment and there are no unplanned changes in inventory.
Some of the most serious abuses taking place in developing countries deal with child labor, human slavery, sweatshops, bad governance, and environmental degradation. Select on
Abdul spends all of his income on food (F) and shelter (S). His budget line is given by the equation 5F + 20S = 100. Which of the following consumption bundles is part of his
Why does a horizontal LM curve imply that fiscal policy has the same effects on the economy as those derived in Keynesian Model (horizontal AS)? What are the implications of a