QUESTION 13All else equal, which of the following would increase the unemployment rate?(i)an increase in the number of women who return to work after being stay-at-home mothersa preference among older men to retire earlyan increase in the maximum number of weeks for which someone can receive government unemployment benefitsan increase in the number of previously unemployed women who stop looking for work and become discouraged workers(i) and (ii) only(ii)(iii)(iv)a.(iii) only(ii) and (iii) only(ii), (iii), and (iv) onlyb.С.d.adQUESTION 14Assume that the adult population of Japan is 112.5 million. If 20 million are unemployed and 50 million are employed, then the unemployment rate is approximatelya.24%.b.18%.С.29%.d.6%.aO O O O QUESTION 15Unions contribute tocyclical unemployment.frictional unemployment.a.b.С.seasonal unemployment.d.structural unemployment.aQUESTION 16You receive money as payment for taking care of your neighbors' dog. This best illustrates which function of money?a.medium of exchangeb.unit of accountC.store of valued.liquidityaO ODC

Unemployment rate would increase due to the following reason.

QUESTION 15 Unions contribute to cyclical unemployment. frictional unemployment. seasonal unemployment. structural unemployment. a. b. C. d. d. QUESTION 16 You receive money as payment for taking care of your neighbors' dog. This best illustrates which function of money? a. medium of exchange b. unit of account C. store of value d. liquidity a b

QUESTION 15 Unions contribute to cyclical unemployment. frictional unemployment. seasonal unemployment. structural unemployment. a. b. C. d. d. QUESTION 16 You receive money as payment for taking care of your neighbors' dog. This best illustrates which function of money? a. medium of exchange b. unit of account C. store of value d. liquidity a b

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: Money Growth And Intlation

Section: Chapter Questions

Problem 6CQQ

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In 2019, an economy produces wheat only and has enough labor, capital, and land to produce 500bushels of wheat (Y or real GDP). Price of wheat and money supply are $2 per bushel and $1,000respectively. In 2020, the central bank increases money supply by $ 1040. Suppose both the velocity ofmoney (V) and the amount of wheat produced remain unchanged. a. Compute the velocity of money and nominal GDP in 2019. b. Calculate inflation rate in year 2020. c. Use a well-labelled money supply-demand diagram to illustrate and explain what happen to the pricelevel and the value of money after such money injection?
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a Imagine an economy has the following situation: Velocity of money (V) is constant, Nominal Money Supply (M) growth is 8%, Output (Y) growth is 4% and real interest rate (r) is 4%. Calculate the following: i. Nominal interest rate (i) ii. If State Bank of Pakistan (SBP) increases the money growth rate by 2 percent point per year, find Δi? iii. If the growth rate of Y decreases to 2% per annum, what will happen to the inflation rate (π)?
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