Unemployment has three macro consequences: I lost output for the economy, II lost pay for individual workers, and III a shift to the left in the production possibilities curve.
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Unemployment has three macro consequences: I lost output for the economy, II lost pay for individual workers, and III a shift to the left in the production possibilities curve.
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- The macro consequence of unemployment includes... I lost output for the economyII lost income for the individual workerIII a leftward shift in the production possibilities curve.Assume that the unemployment benefits are linked to the net market wage rate. Use a simple union model to discuss the effects of the following: (a) Higher unemployment benefits. (b) More intense competition on the goods market (due to, for example, increased European integration). (c) A more progressive tax system. (d) A higher employers tax on labour (tE). (e) A higher average tax rate on workers (tA).The following rules illustrate traditional economic policy theory in terms ofregulating a government’s economy.a) If the annual growth rate is less than 1%:• If inflation is less than 3%, recommended economic policy is:Increase welfare spending, reduce personal taxes, and decreasediscount rate.• Otherwise, recommended economic policy is:Reduce business taxes.b) If the annual growth rate is greater than 4%:• If inflation is less than 1%, recommended economic policy is:Increase personal and business taxes, and decrease discount rate.• If inflation is greater than 3%, recommended economic policy is:Increase discount rate.Write a program that applies these economic policy practices. More specifically,read in growthRate and inflation values and output the recommended economicpolicy for the given economic situation. If there is no recommended economicpolicy for the given economic situation, then output “No change in economicpolicy.”Sample Runs:Enter growth rate: 4.5Enter inflation rate:…
- A coach is trying to choose the starting line-up for the basketball team. The team consists ofseven players who have been rated (on a scale of 1= poor to 3 = excellent) according to theirball-handling, shooting, rebounding, and defensive abilities. The positions that each playeris allowed to play (G = guard, C = center, F = forward) and the player’s abilities are:Player Position Defense Ability1 G 32 C 23 G-F 24 F-C 15 G-F 16 F-C 37 G-F 3Formulate an IP to choose the starting lineup such that the five-player starting line-up satisfiesthe following restrictions, then solve your IP using python (if you have not taken and are notcurrently taking python you may use the excel solver - be sure to document this in yourhomework submission). Submit your python file on canvas and include the optimal solutionin your written submission.(a)…How does the Covid economic event affect equilibrium price and quantity? Step 1. Draw a demand and supply model before the economic change took place. To establish the model requires four standard pieces of information: The law of demand, which tells us the slope of the demand curve; the law of supply, which gives us the slope of the supply curve; the shift variables for demand; and the shift variables for supply. From this model, find the initial equilibrium values for price and quantity. Step 2. Decide whether the economic change being analyzed affects demand or supply. In other words, does the event refer to something in the list of demand factors or supply factors? Step 3. Decide whether the effect on demand or supply causes the curve to shift to the right or to the left, and sketch the new demand or supply curve on the diagram. In other words, does the event increase or decrease the amount consumers want to buy or producers want to sell? Step 4. Identify the new equilibrium and…A personnel director wishes to compare the effectiveness of two methods of train- ing industrial employees to perform a certain assembly operation. Employees are to be divided into two equal groups: the first receiving training method 1 and the sec- ond training method 2. Each will perform the assembly operation, and the length of assembly time will be recorded. It is expected that the assembly times for both groups will have a range of approximately 8 minutes. For the estimate of the difference in mean times to assemble to be correct to within minute with a probability equal to .95, how many workers must be included in each training group? 16c3d JPG Fi DO
- Assume that inflation will increase in the near future. The future price of bonds may be affected by this. Should banks raise or reduce their focus on long-term bonds in light of this expectation?An investment manager wants to determine an optimal portfolio for a wealthy client. The fund has $2.5 million to invest, and its objective is to maximize total dollar return from both growth and dividiends over the course of the coming year. The client has researched eight high-tech companies and wants the portfolio to consist of shares in these firms only. Three of the firms (S1-S3) are primarily software companies, three (H1-H3) are primarily hardware companies, and two (C1-C2) are internet consulting companies. The client has stipulated that no more than 40% of the investment be allocated to any one of these tree sectors. To assure diversification, at least $100,000 must be invested in each of the eight stocks. The table below gives estimates from the investment company's database relating to these stocks. These es- timates include the price per share, the projected annual growth rate in the share price, and the anticipated annual dividend payment per share. Stock Price per share…It has been observed by management that some faculty members at theuniversity demonstrate a lackadaisical attitude toward teaching. They seldom go to class yet at the end of each month they receive full salary. Management has decided that GHs 200, 300, 400, and 500 will be deducted from a faculty’s salary if he/she offends once, twice, third time and forth time respectively in a month. This means that if a faculty member offends once in a month GHs200 will be deducted, if a faculty member offends twice in a month, GHs 500 (i.e. 200+300) will be deducted, if a faculty member offends three times in a month GHs 900 (i.e. 200+300+400), will be deducted and if a faculty member offends four times in a month GHs 1,400 (i.e. 200+300+400+500). Assuming all faculty members are on a flat salary rate of GHs 2000.a. Write a program to request for the names of four faculty members and number times he/she has absented him/herself from class in a month.One of them should have absented him/herself…
- 6) Which of the following is TRUE? A) Technological efficiency occurs if the maximum feasible amount of output is achieved from a given quantity of inputs. B) Technological efficiency depends on the relative cost of the resources used in production. C) If production is technologically efficient, then it must be economically efficient. D) All of the above answers are correct.Suppose that in response to concerns about identity theft and ransomware, the federal government bans all cryptocurrencies (e.g., bitcoin). (a) Use the supply and demand for money model to analyze the effect on the law on the price level and the value of money. Be sure to label the axes of your diagram and indicate any shifts in supply and/or demand by using a “1” next to the “D” or the “S.” (b) Suppose the Fed acts to restore the initial price level. What does the Fed do? Show this on your diagram. Label the change “b.”Question 2 (a) State the model for geometric Brownian motion. (b) Explain why the standard Brownian motion is less suitable than the geometric Brownian motion as a model for share prices. (c) A share price, St is currently £40. It is assumed to follow geometric Brownian motion, with expected return and volatility of 10% and 35% per annum, respectively. What is the probability that the share price will be greater than £50 in eighteen months?