1.

The Beveridge Curve is a relationship that shows that, during recessions, the unemployment rate usually as the vacancy rate Falls; rises O Rises; rises O Falls; falls O Rises; fallsConsider the Chapter 5? and 1E] intertemporal models from class: Which of the following is true for the borrower {j ambiguous; it depends on whether or not the household is credit-constrained The CARES Act (the pandemic stimulus package we looked at in class) is more likely to be welfare- improving if None of these things O A larger fraction of the population are homeowners A larger fraction of the population are consumption-smoothers A larger fraction of the population are irresponsible about repaying their debtsConsider the Chapter 9 intertemporal model from class: Assu me there is no change in future taxation t' but that the current lump sum tax tdecreases. Ceteris paribus, we expect for the borrower that If} c increases and s rises If) the change in c is ambiguous and s rises If} c increases and 5 falls If] the change in c is ambiguous and 5 falls