Economics

posted by .

If a city's unemployment rate is at 8% and the natural rate is 3% with the current GDP at $100 million what is the full employment equilibrium?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Economics

    Explain how it's possible for actual GDP to temporarily exceed full-employment GDP. "full-employment GDP" is a defined concept. Full employment does not mean 100% employment -- an economy has a "natural rate of unemployment" and reflects …
  2. Economics

    The economy consists of the following: - working-age population: 20M - full time employment: 8M - part-time employment: 2M (1M of whom wish they had full-time jobs) - unemployment: 1M If 0.6M of those unemployed are frictionally, structurally, …
  3. Economics

    3. Starting from short-run equilibrium, the following occurs: Labor productivity rises, and individuals expect higher (future) incomes. What will be the effects on the price level, Real GDP, and the unemployment rate in the short run?
  4. Economics

    3. Starting from short-run equilibrium, the following occurs: Labor productivity rises, and individuals expect higher (future) incomes. What will be the effects on the price level, Real GDP, and the unemployment rate in the short run?
  5. Macro Economics

    Does anyone know how to calculate the frictional rate of employment...given the following information... The structural unemployment rate of 2.8%, actual unemployment rate of 7% and cyclical unemployment is 2.0% I just need to know …
  6. economic

    1. If C = 1000 + 7/8[GDP-1000], I = 700 and G = 1000 and the economy is currently in equilibrium at 400 below full employment GDP, the correct fiscal policy would be to increase G by?
  7. Economics

    1) If C = 1000 + 7/8[GDP-1000], I = 700 and G = 1000 and the economy is currently in equilibrium at 400 below full employment GDP, the correct fiscal policy would be to increase G by?
  8. Economics M/C

    Please help: If the rate of separation is 0.02 and the rate of job finding is 0.08 but the current unemployment rate is 0.10, then the current unemployment rate is __ the equilibrium rate, and in the next period it will move __ the …
  9. Economics

    Consider an economy with the following aggregate demand(AD) and aggregate supply(AS) schedules. These schedules reflect the fact that, prior to the period we're examining, decisions makers entered into contracts and made choices anticipating …
  10. Economics

    Consider an economy with the following aggregate demand(AD) and aggregate supply(AS) schedules. These schedules reflect the fact that, prior to the period we're examining, decisions makers entered into contracts and made choices anticipating …

More Similar Questions