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The U-Rate Discussion Assignment Paper
Question
a. In each of the following, what happens to the u-rate? Does the u-rate give an accurate impression of what's happening in the labor market? Sue lost her job and begins looking for a new one.

Jon, a steelworker who has been out of work since his mill closed last year, becomes discouraged
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and gives up looking for work. The U-Rate Discussion Assignment Paper

Sam, the sole carner in his family of 5, just lost his $80,000 job as a research scientist.

Immediately, he takes a part-time job at McDonald's until he can find another job in his field. b. You deposit the Rs100,000 in your bank account. The SBP reserve requirement is 25% of deposits.

What is the maximum amount that the money supply could increase?

What is the minimum amount that the money supply could increase?

(Marks: 8) The U-Rate Discussion Assignment Paper

Step-by-step
Step 1

a. When Sue loses her job and begins looking for a new one, the unemployment rate increases because she is now counted as unemployed and actively seeking work.
When Jon becomes discouraged and gives up looking for work, he is no longer counted as part of the labor force, so the unemployment rate decreases. However, this is not an accurate reflection of the labor market, as there are still people who want to work but have given up looking for various reasons.
When Sam takes a part-time job at McDonald's, he is still counted as employed, so the unemployment rate does not change. However, the quality of the job he has taken is not reflected in the unemployment rate. The U-Rate Discussion Assignment Paper

Step 2

b. The maximum amount that the money supply could increase is Rs. 75,000, as 25% of the deposit of Rs. 100,000 is required to be held as reserves by the bank, and the remaining 75% can be used for loans and other activities that increase the money supply.

The minimum amount that the money supply could increase is zero. This is because the bank could choose to hold the entire deposit of Rs. 100,000 as reserves, in which case there would be no increase in the money supply.

Explanation for step 2

Please refer to above Step for better understanding.

The U-Rate Discussion Assignment Paper

Expert Answer

The U-Rate Discussion Assignment Paper

Question

a. In each of the following, what happens to the u-rate? Does the u-rate give an accurate impression of what's happening in the labor market? Sue lost her job and begins looking for a new one.

Jon, a steelworker who has been out of work since his mill closed last year, becomes discouraged

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and gives up looking for work. The U-Rate Discussion Assignment Paper

Sam, the sole carner in his family of 5, just lost his $80,000 job as a research scientist.

Immediately, he takes a part-time job at McDonald's until he can find another job in his field. b. You deposit the Rs100,000 in your bank account. The SBP reserve requirement is 25% of deposits.

What is the maximum amount that the money supply could increase?

What is the minimum amount that the money supply could increase?

(Marks: 8) The U-Rate Discussion Assignment Paper

Step-by-step

Step 1

a. When Sue loses her job and begins looking for a new one, the unemployment rate increases because she is now counted as unemployed and actively seeking work.

When Jon becomes discouraged and gives up looking for work, he is no longer counted as part of the labor force, so the unemployment rate decreases. However, this is not an accurate reflection of the labor market, as there are still people who want to work but have given up looking for various reasons.

When Sam takes a part-time job at McDonald's, he is still counted as employed, so the unemployment rate does not change. However, the quality of the job he has taken is not reflected in the unemployment rate. The U-Rate Discussion Assignment Paper

Step 2

b. The maximum amount that the money supply could increase is Rs. 75,000, as 25% of the deposit of Rs. 100,000 is required to be held as reserves by the bank, and the remaining 75% can be used for loans and other activities that increase the money supply.

The minimum amount that the money supply could increase is zero. This is because the bank could choose to hold the entire deposit of Rs. 100,000 as reserves, in which case there would be no increase in the money supply.

Explanation for step 2

Please refer to above Step for better understanding.

The U-Rate Discussion Assignment Paper

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