Econ 104 Homework #3

Econ 104 Homework #3 - Econ 104 Homework#3 Spring 2009 50...

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Econ 104 Homework #3 Spring 2009 - 50 points GTA Anne Mingming Huy Name________________________ Ryan Floyd KUID________________________ Disc. Day__________ Time______ DUE IN LECTURE, Thursday, April 9th. Based on notes from class, the BLS website, www.bls.gov , and Paul Krugman’s letter to President Barack Obama, found under course documents on blackboard, please answer the following questions as complete as possible. How much does Krugman project the national unemployment rate to be by the end of 2009, without hidden unemployment ? 9% What is hidden unemployment? Give two examples . Hidden Unemployment – anyone not measured in the unemployment rate. a. Discouraged workers b. Involuntary partime How much does Krugman project unemployment to be with the hidden unemployment 15% What were the monetary policies we discussed in class and how do they work to help fight unemployment? Hint: There were 3 we discussed . - Qualitative Controls - Margin buying requirments for (stocks) are regulated. If kept low -encourages people to invest in the stock market. Money going into economy will help (fight unemployment). If kept high - discourages investing (less money made). Money removed from economy will (fight inflation). -
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Econ 104 Homework #3 - Econ 104 Homework#3 Spring 2009 50...

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