Macroeconomics (6th Edition)
Macroeconomics (6th Edition)
6th Edition
ISBN: 9780134125657
Author: Hubbard
Publisher: PEARSON
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Chapter 9, Problem 9.6RDE

Subpart (a):

To determine

The unemployment rate of men and women for August 2015.

Subpart (b):

To determine

The unemployment rate of men and women for August 2015.

Subpart (c):

To determine

The unemployment rate of men and women for August 2015.

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Students have asked these similar questions
1. In which year was the Civilian Unemployment Rate the highest in this time series? 2. In which year was the Civilian Unemployment Rate the lowest in this time series?
Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9 million (of whom 139.1 million are employed). How many people are “not in the labor force?” What are the proportions of employed, unemployed and not in the labor force in the population? Hint: Proportions are percentages.
Before Phelps’s work, the prevailing view was that economic policy makers faced a tradeoff between unemployment and inflation: Policies that reduced unemployment would increase inflation, and policies that reduced inflation would increase unemployment. This relationship between inflation and unemployment seemed to be supported by the data. For example, the following table shows the unemployment rate and inflation rate for the United States from 1961 to 1969. The inflation rate is measured by the percentage change in the GDP deflator.   On the following graph, plot the black points (cross symbol) to show the combinations of unemployment and inflation that existed from 1961 through 1969. Plot the points in order, starting with 1961 and ending with 1969. (Hint: When you're done, place your cursor over each of the points you plotted to ensure that you've placed them on the exact coordinates you intended to.)   Based on data in the table, when the inflation rate increased from 4.6% to 5.8%,…

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Macroeconomics (6th Edition)

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