Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello, i need someone to calculate for me at-least 6 questions. thank you Business Economics Exam II Name: _________________ CHOOSE 6 OUT OF THE 10

Hello, i need someone to calculate for me at-least 6 questions. thank you

image text in transcribed Business Economics Exam II Name: _________________ CHOOSE 6 OUT OF THE 10 QUESTIONS 1. On Friday March 10, 2017, the US Bureau of Labor Statistics (BLS) published the following data for February 2017: a. Nonfarm payroll employment increased by 235,000, which is a bit lower than the January 2017 increase of 238,000; b. The number of unemployed persons, at 7.5 million, changed little in February. The unemployment rate, at 4.7 percent, was little changed over the month but was down from 4.9 percent a year earlier c. Among the major worker groups, the unemployment rate decreased for Whites to 4.1 percent in February, while the jobless rates for adult men (4.3 percent), adult women (4.3 percent), teenagers (15.0 percent), Blacks (8.1 percent), Asians (3.4 percent), and Hispanics (5.6 percent) showed little or no change. d. The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.8 million in February and accounted for 23.8 percent of the unemployed. Over the year, the number of long-term unemployed was down by 358,000. Please answer the following questions: 1a) What type of survey does the BLS conduct to get the February employment of 235,000? 1b) What type of survey does the BLS conduct to get the February number of unemployed of 7.5 million? 1c) Please explain why the February unemployment rate for Whites decreased to 4.1%, BUT the unemployment rates for White adult men and White adult women showed no change? 1d) Why do you think the unemployment rates for teenagers and Blacks are so high? 1e) The BLS notes that the February long-term unemployed remained unchanged at 1.8 million, and since February 2016, the long-term unemployed were down only by 358,000. Why do you think people who are unemployed longer than 27 weeks have a difficult time finding jobs? 2. The following consists of 2 RELATED questions, 2A and 2B. Please answer both 2A and 2B 2A. On January 22, 2015, the European Central Bank (ECB) put out the following Press Release: ECB announces expanded asset purchase programme: ECB expands purchases to include bonds issued by euro area central governments, agencies and European institutions Combined monthly asset purchases to amount to 60 billion Purchases intended to be carried out until at least September 2016 Programme designed to fulfil price stability mandate The Governing Council of the European Central Bank (ECB) today announced an expanded asset purchase programme. Aimed at fulfilling the ECB's price stability mandate, this programme will see the ECB add the purchase of sovereign bonds to its existing private sector asset purchase programmes in order to address the risks of a too prolonged period of low inflation. The Governing Council took this decision in a situation in which most indicators of actual and expected inflation in the euro area had drifted towards their historical lows. As potential second-round effects on Page 1 of 6 wage and price-setting threatened to adversely affect medium-term price developments, this situation required a forceful monetary policy response. Asset purchases provide monetary stimulus to the economy in a context where key ECB interest rates are at their lower bound. They further ease monetary and financial conditions, making access to finance cheaper for firms and households. This tends to support investment and consumption, and ultimately contributes to a return of inflation rates towards 2%. The programme will encompass the asset-backed securities purchase programme (ABSPP) and the covered bond purchase programme (CBPP3), which were both launched late last year. Combined monthly purchases will amount to 60 billion. They are intended to be carried out until at least September 2016 and in any case until the Governing Council sees a sustained adjustment in the path of inflation that is consistent with its aim of achieving inflation rates below, but close to, 2% over the medium term. The ECB will buy bonds issued by euro area central governments, agencies and European institutions in the secondary market against central bank money, which the institutions that sold the securities can use to buy other assets and extend credit to the real economy. In both cases, this contributes to an easing of financial conditions. Based on the ECB Press Release, please explain the following: 1A) What is the purpose of expanding the asset purchase programme, which was established last year in October 2014? 2A) The Press Release mentions that the \"purchase programme\" (note: this is a British spelling) will include \"sovereign bonds\

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Susan S. Hamlen

3rd Edition

1618531514, 978-1618531513

More Books

Students also viewed these Accounting questions

Question

=+b) What are the standard deviations for each action?

Answered: 1 week ago

Question

/

Answered: 1 week ago

Question

The feeling of boredom.

Answered: 1 week ago