Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Non-Accelerating-Inflation Rate of Unemployment (NAIRU): This theory is a variant of neoclassical natural rate of unemployment. As in original natural rate theory, NAIRU advocates believe that unemployment can't be reduced below a certain level without sparking a continuous acceleration in inflation. Contrasting the original natural rate theory, though, NAIRU doctrine doesn't strictly define this position as "full employment." Policy prescriptions of the natural rate and NAIRU theories are practically identical (namely, don't try to reduce unemployment through demand-side measures, however as an alternative attack unions and minimum wages to allow labour markets to function more ‘efficiently').

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9579399

Have any Question?


Related Questions in Microeconomics

Question in the globalizing economy of the late 20th and

Question: In the globalizing economy of the late 20th and early 21st centuries, liberalized trade has been sought by way of regional trade agreements and broader global trade liberalization. The policy choice between the ...

Question you are on the city council and are considering a

Question: You are on the city council and are considering a law to control rents below the free-market rent. What would be the effect of this rent control law in the short-run? In the long run? Be sure to explain why you ...

Question for the supply curve shown in figure 3-6 what does

Question: For the supply curve shown in Figure 3-6, what does the corresponding total variable cost curve look like? How about marginal cost? The response must be typed, single spaced, must be in times new roman font (si ...

Question in an effort to stop the migration of many of the

Question: In an effort to stop the migration of many of the automobile manufacturing facilities from the Detroit area, Detroit's city council is considering passing a law that would give investment tax credits to auto ma ...

Question from late 1998 to mid-2000 benchmark crude oil

Question: From late 1998 to mid-2000, benchmark crude oil prices tripled, from $10 to $30/bbl. The US uses approximately 18 million barrels of oil per day, or about 7 billion barrels per year, so consumers directly and i ...

Question suppose that a firms technology is given by the

Question: Suppose that a firm's technology is given by the following production function: f(k, l) = 6k^1/6 l^1/6 Prove that this production function exhibits diminishing marginal product in both k and l. This is not the ...

Question developing a new product has taken longer and

Question: Developing a new product has taken longer and required more work than was expected at the time the decision to develop was first made. Should the firm raise the price of the product above what it originally pla ...

Question specialized bits costing 50000 used in the mining

Question: Specialized bits (costing $50,000) used in the mining industry have a useful life of 5000 hours of operation and can be traded in when a new bit is purchased for 10% of first cost. The drilling machine that use ...

Question consider a bottled water market in which only two

Question: Consider a bottled water market in which only two firms are operating: Canyon Water and Lake Water. Assume zero cost to produce bottled water. The market demand is given by the following schedule. Price Quantit ...

Question after collapse of the brettoh woods system the

Question: After collapse of the Brettoh Woods system, the FLOATING EXCHAGE RATE ERA(floating among major economies or economic blocs) has been in palce. Using a AA-DD diagram . Explain the type of disturbance that would ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As