Assume that the consumption function is given by C = 200 + 0.5(Y – T) and the investment function is I = 1,000 – 200r, where r is measured in…
September 3, 2020
Workers are compensated by firms with “benefits” in addition to wages and salaries. The most prominent benefit offered by many firms is health…
September 3, 2020

If the following Phillips curve equation represents an economy; 60 – 6ut = 3πt – 3πt-1 what would the natural rate of unemployment be?

How would I find the new natural rate of unemployment if values are assigned such as πt= 21 and πt-1 = 9?

Thanks for your help heros.

Place Order