User Account

All Pages

What is the current level of unemployment

Assignment Help Macroeconomics
Reference no: EM131736693

Assignment

Description

In the Ten Principles video Dr. Todd Buchholz and Dr. Caroline Hoxby debated the very existence of the Phillips Curve.

Dr. Hoxby indicated she was taking bets that the Phillips Curve is alive and well. The problem may just be that it moves around and possibly changes shape occasionally.

Policy makers like Congress and the Federal Reserve seek to steer the US economy to a sweet spot where we have low unemployment and only moderate inflation. The Phillips Curve is supposed to describe the trade-off between higher inflation and lower unemployment. Does it?

Instructions

Read the Business Insider article: Japan can help us better understand one of the biggest puzzles facing the US economy

1) Using data from the Bureau of Labor Statistics, what is the current level of unemployment?

Be sure to include the link to where you have found your information.

2) Using the data from the Bureau of Labor Statistics, what is the current level of inflation?

Be sure to include the link to where you have found your information.

3) Are these high or low compared to the historical averages of the United States?

4) Should policy makers ignore the ‘historically observed Phillips Curve relationship' and push unemployment even lower? Explain your thoughts.

Reference no: EM131736693

Questions Cloud

Explain why do income inequalities exist : Explain why do income inequalities exist? How are income inequalities measured? How have income inequalities changed from 1980 to the present?
What is title vii of the civil rights act : What is Title VII of the Civil Rights Act and to whom does it apply? Please discuss the meaning of the BFOQ. 100 w/c
Define environmental factors and human resources and budget : community and environmental factors and human resources andbudget with the focus being on providing job skills to high school dropouts
Can this be a subchapter s corporation : Identify, copy and paste herein three references to federal securities law from the memorandum and define a legal term in the reference.
What is the current level of unemployment : Using data from the Bureau of Labor Statistics, what is the current level of unemployment? Are these high or low compared to the historical averages of the US?
Challenges with managing a diverse workforce : A global company will have workers from different countries. What are some challenges with managing a diverse workforce?
Discuss someone who has a powerful status in this society : When a crime is committed by someone who has a powerful status in this society, how is their deviant behavior handled in comparison
Decentralized produce-processing facilities : Single, large, centralized produce-processing facility and (2) having many small, decentralized produce-processing facilities?
Pursuing a claim against morton : which theory(ies) of agency law would more than likely be successful when pursuing a claim against Morton.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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