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1 Found helpful • 9 Pages • Essays / Projects • Year: Pre-2021
MACROECONOMICS 1 Case 1 The article describes net job creation of 202,000 non farm related jobs, resulting in a decrease to the Unemployment Rate. It also discusses that the Labor Force shrank to the lowest level in 35-years. Explain: Describe how both of these things contributed to the rate decrease. Make sure to define any term you use. (1.5) The unemployment rate of individuals with only a high school diploma increased during the month from 10.3 to 10.9%, what is the likely reason for this despite the job creation outlined above? Explain, making sure to define any terms you use. (2.5) Question 1: Economist Stanley Jevon once stated that exchange in barter economies required a “double coincidence". What did he mean by this? Explain. How have we made exchange more convenient? Explain how this solves the problem, making sure to define any terms used. 3 Question 3: According to the reading attached, what has been happening to the VND? is the economy behaving as predicted in theory? Why or why not? What are the implications of this to the VNDs function as money? What are the contingencies the people are taking to protect themselves? (5) Considering that the article was written in 2011, compare and contrast the current state of the VND today. Make sure to use references, news articles, current events and reasonably reliable data and data sources to substantiate your answer(s). (3) Question 4: Based on the attached reading (4), compare and contrast the conditions of the Japanese economy in the past and present. The attached article was written in 2010 which will be you basis for the past, and you will need to research on the current conditions of the Japanese economy. The main focus of the discussion will be on the Japanese price levels and how it has affected the economy in the past and present. Make sure to properly reference materials you will be using. Past Conditions Government intervention Current Condition/ Compare w/ past
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