- Employment Data Civilian Non Military And Non Institutionalized Over 16 Types Of Unemployment Structural 3 Friction 1 (88.66 KiB) Viewed 13 times
B) Explain the basics ofcrowding out (Hint: from increased G spending).
2. An irate Keynesian comes back to your office to tellyou have they would circumvent crowding out.
What did he say to you on thistopic?
3. After everything calms down a composed supply-siderenters your office with her analogy of the situation.
A) How would additional savings assist inmoving out the GDP?
B) How would the Laffer Curve be applied bythe supply-sider? Explain!
C) Describe the impact on the aggregatesupply/demand graph of these action (shifts)
Employment data (Civilian-non-military and non-institutionalized, over 16) Types of unemployment; Structural 3% Frictional 5% Population (available for work): 110 million Full time workers 70 million Part-time workers by own choice 10 million Part time workers due to economic deficiencies 7 million Discouraged worker 5 million Unemployed 11 million Inflation CPI 5.3% PCE=5.4% GDP deflator 124 PPI 110 Central Bank Reserve requirement (rr) = 3% Discount rate = 3% Fed rate = 2% Domestic Economy Present (actual) Real Gross Domestic Product (GDP) = $18 trillion Potential output (GDP) - $21 trillion Marginal propensity to consume (MPC) = 0.9 National debt = $24 trillion Foreign currency exchange: $1.05 US dollars = 1 foreign dollar