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How did Ireland's economy grow quickly overtime during 1975-2005?
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- Does it make sense that wages would be sticky downwards but not upwards? Why or why not?Unemployment rates have been higher in many European countries in recent decades than in the United States. Is the main reason for this long-term difference in unemployment rates more likely to be cyclical unemployment or the natural rate of unemployment? Explain briefly.With in 1 or 2 percentage points, what has the U.S. inflation rate been during the last 20 years? Draw a graph to show the data.
- Pretty sure it is C?In 1972 the maximum earnings of a worker subject to Social Security tax (SST) was $9,000. The maximum earnings subject to SST in 2016 is $118,500. Whatcompound annual increase has been experienced over this 44-year period of time? How does it compare with a 3% annual increase in the consumer price index over the same period of time?Why do you think the U.S. experience with inflation over the lat 50 years has been so much milder than in many other countries?