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- A fixed-rate mortgage has the same interest rate over the life of the loan, whether the mortgage is for 15 or 30 years. By contrast, an adjustable-rate mortgage changes with market interest rates over the life of the mortgage. If inflation falls unexpectedly by 3, what would likely happen to a homeowner with an adjustable-rate mortgage?Over the last century, during what periods was the U.S. inflation late highest and lowest?While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
- Why do you mink the U.S. experience with inflation over the last 50 years has been so much milder than in many other countries?Why is there unemployment in a labor market with flexible wages?23 Ofal unempyt rtetatiies mi a everstate the antf unyleymet by incleding partime workers inthe cal hi understale the a f unmployt by echaing pei worken in the tio to enentate the ant of unmplet becae of the prence of "d ed workes whe wm actively weking emplyment. di understate the amot of unemployt hecae of he prenee of raged" wke whe are ttively seking emleymt.
- DERIVED THE UNEMPLOYMENT RATE. NO VOLUTION WIU BE CONVIDERED WRONG GIVEN PO PULATION =110 MILLICN TO TAL LABOR FORCE = 63 MILLION FRICTIONASLLY UNEMPLOYED = 2 MILLION STRUC TURALLY UNEM PLOYED = / MILLION CYCLICALLY UNE A PLOYED = 750 MILLION VEASONAL Y UNEMPLOYED - 2 50 MILIO4How would an increase in the world price of oil affect the amount oI fricnal unemployment? Is this unemployment undesirable? What publicpolicies mighIt affect the amoufll of unemployment caused by this price change?1 Given the papalation MO00, perple not in the laher farce: 2009, auid ihe peapla unemployed 3000 eple ant in the later feree 2000, d he peaple The laber force s 10,000 d Neme nf the above 2. irthe lahur forre a so00, the pepulatien 10,00 nd the unemplayed arr 30n. The laber foree partieipation rate i: d. None of the abeve 3. Strurtural unemplayment is deflned a: a- The unempleymrnt rate that eeruaa nrmal part of the fanttiuning ef the reniemy b The pertion of unempliyment that is der to changrs in the strecture of the ennemy that resul inignilcaet los ef jeln in certaln indestrien e The pertien of enemployment that is due to the burmal turmer in the laber market d Nane ef the abeve
- Assume factor prople of the country exput ty the end of fact puices rusi by thees 10 decades · Describe how this un inflation to be equal to 5% century but the th but in 20% ouer exputedly thigh inflation Mate would help ou hut Hhe help ou hwt the fallowing. (a)A mat minal pension when firm workey vetires. proutdes no mantgage in 1950 for 6)A person taking out a 50 yars. Gb) amortoIn calelting the unemplament . "di d worke whearettity seeking employmet are 22 ta cluded. e incaded. e treated the s partti worker. di ed t determine the sie of the laber forceBecause the minimum wage is not indexed to inflation, when there is inflation thenominal minimum wage. and the real minimum wage. A. remains constant; remains constant B. None of the above OC. increases; decreases D. remains constant; decreases OE. decreases; remains constant
