Post by Guest on May 12, 2016 0:21:57 GMT
I just a few quick questions. Firstly, the money multiplier is 1/theta right not just theta by itself?
Also is it right that only monetary policy will affect the CC curve, as in fiscal policy will not affect it?
Finally, what exactly are the labour market flow variables, are they simply the values of the movements of workers from between employment and unemployment? And that's why, along with discouraged workers, the unemployment rate is a sufficient statistic for the health of the labour market only to a degree? Like how GDP is a good measure of well being only to a degree?
Also is it right that only monetary policy will affect the CC curve, as in fiscal policy will not affect it?
Finally, what exactly are the labour market flow variables, are they simply the values of the movements of workers from between employment and unemployment? And that's why, along with discouraged workers, the unemployment rate is a sufficient statistic for the health of the labour market only to a degree? Like how GDP is a good measure of well being only to a degree?
