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Unemployment rate (LUNEMP):
A key variable to assess the performance of any economy when an economy is growing, the unemployment rate will fall as job creation increases and in turn this will impact positively on GDP. For this project, the correlation between oil prices and unemployment will be observed, with the aim of analysing whether an oil price shock would lead to more unemployment as might be expected to happen as oil is a major element of production in certain industries and asthe production costs increase, businesses may have to reduce costs in other areas, such as labour. The data is in the form of the unemployment rate of the UK. This is calculated as follows;
To analyze the effects of discrimination in labor markets, use supply and demand curves for labor, with the demand curves representing the value of the marginal product, show the e
Q. What is money and what is not money? If you are trying to conclude if something is money, basically consider whether it would be accepted in most stores as payment. Then you
can u please tell me why lag length criteria is used during estimation of VAR model? what is the purpose of lag length criteria and how it can be interpreted?
Your Insurance firm processes claims through its newer, larger high tech facility and its older, smaller low-tech facility. Each month, the high-tech facility handles 10,000 claims
Suppose that quantity demand falls by 30% as a result of a 5% increase in price. What would be the price elasticity of demand for this good?
uses of national income statistics
It was observed that following a one standard deviation shock to the price of oil, interest rates rose sharply immediately afterwards reaching a maximum after two quarters. Then fr
Q. Explain about Monetary base? Monetary base is defined as the total value of all currency (coins andbanknotes) outside the central bank and commercial banks' (net) reserves w
If population growth carry on then there will not be sufficient resources around for everyone this will lead to an event such as famine / war, which will decrease the population.
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