is anyone able to help me with these questions for my macroeconomic class? thanks!
|,__E This exercise consists of a certain number of questions. Attempt three of them. Justify your answers using concepts developed in the lecture notes. a. Does the Canadian data justify the assertion that the government can use the Phillips curve to reduce unemployment to zero by creating more inflation? What is a Phillips curve? b. True, false, or uncertain? \"Young male workers have a lower unemployment rate than mature older male and female workers. The participation rate of women decreased during the last sixty years" c. What are the main factors that are responsible for growth in real income per capita? What is the role of savings in economic growth? Justify your answer. d. What happened to the participation rate of women during'the last fifty years? How can we explain what happened to their participation rate? e. True false or uncertain? Justify your answer. \"A negative inflation rate is good because lower prices are good for consumers and most economists and policy makers agree that we should have a low inflation rate" Exercise 2 This exercise consists of a certain number of questions. Attempt all of them. Justify your answers using the concepts developed in the lecture notes. 8. Based on the Canadian evidence, is it true that a higher inflation rate is consistently associated with a higher growth rate of real GDP? b. What is the difference between frictional and structural unemployment? c. Who stands to lose from deflation (= a significantly negative inflation rate) and who stands to gain? Does it matter whether deflation is expected or unexpected? d. The provinces of Nova Scotia, New Brunswick and Newfoundland lost their steel and coal industries in the nineteen sixties and the stock of fish in the ocean has been seriously reduced. i. How does the unemployment rate in the above three provinces compare to that of the other provinces of Canada? ii. Are their kinds of unemployment frictional, cyclical, or structural? iii. Can the federal government use the Phillips Curve to reduce the unemployment rates of the above provinces to zero? justify your