Assignment 2: Discouraged Workers and the Economy
A “discouraged worker” is an individual without a job who has a desire to work; however, the worker has not actively searched for a job within the last six months, because the worker believes that there are no jobs available. Such a worker is not included in the official unemployment count.
Consider a scenario where discouraged workers are now included in the official unemployment rate during a recessionary period in the economy. Which of the three types of unemployment—frictional, structural, or cyclical—do you believe that these unemployed workers would most closely qualify for? How about during a period of economic expansion? Explain your answers and include examples.
Next, discuss and explain how including discouraged workers in the official unemployment rate would affect both the federal deficit and the national debt. Include examples to support your conclusions.
By Friday, January 11, 2013, post your initial discussion response in the M1: Assignment 2 Discussion Area. By Wednesday, January 16, 2013, read all of the other students’ postings, and post comments in the Discussion Area on at least two other responses.
Assignment 3: Supply, Demand, & Government in the Markets
A doctoral student has just completed a study for her dissertation and found the following demand and supply schedules for hand held computers to be as follows:
Present your analysis in Excel format. Enter non-numerical responses in the same worksheet using textboxes.
By Tuesday, January 15, 2013 deliver your assignment to the M1: Assignment 3 Dropbox.