Higher unemployment among a business cycle downturn

Assignment Help Macroeconomics
Reference no: EM1334423

Collect the most recent 6 months of data on real GDP growth, inflation, and unemployment. Based on this information, write a 3-4 page analysis (double-spaced in A.P.A. format, with a font size of 12 Times New Roman), of where the economy currently is in the business cycle and the implications for a Monopolistically Competitive firm in terms of prospects for higher sales and labor costs. Support your conclusions with data from the BLS.

All references must be carefully cited (Wikipedia not allowed as reference sources Please!!)

The main objective of this exercise is to get you thinking about the two-edged nature of many economic phenomena so as to present a "balanced" perspective.

1) In this case, you must analyze the data in detail to show what would happen when the economy is growing and unemployment is low. (For example, show the effects on sales, the costs associated with the effect on sales, etc. for monopolistically competitive firms).

2) On the other hand, you must also analyze in detail the effects of higher unemployment during a business cycle downturn. (As for example this may mean lower labor costs when adding employees, but lower demand as a result of falling incomes...etc). Relate your analysis to monopolistically competitive firms)

 

Reference no: EM1334423

Questions Cloud

India also china manufacture our gps product : After analyzing the cost savings of both India also China manufacture our GPS product and your explanations.
Examine the role of governance : Examine the role of governance and its impact to the organization and Make final recommendations about the feasibility of this global venture
Maintaining minimum inventory levels : Maintaining minimum inventory levels and using pull-through production are important elements h ow does pull-through production help minimize inventories?
Name them six problems that complicate fiscal policy : Name them six problems that complicate fiscal policy for policymakers. Please include examples and explanations.
Higher unemployment among a business cycle downturn : On the other hand, you might also analyze in detail the effects of higher unemployment among a business cycle downturn.
Participative and collaborative nature of action : How can one maintain the participative and collaborative nature of action research while using data collection techniques?
Define reengineering : What is "reengineering." Explain its attributes, potential benefits and its "downsides."
A customer focused and centered perspective : Why do some firms neglect to operate from a customer-focused and centered perspective, given that customers represent the "bloodline" for any organization?
Hr policy making : Can you suggest a compromise that would allow managers to make these decisions consistently

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd