eco2013 University of Jaffna Assignment 4 Unemployment & Fiscal Deficit

Each of the questions must have at least a half of page of writing

In addition your answers must prescribe to APA format.. You must submit a cover page, each question in a page by itself, and your references page must be also in a page by itself. And, please do not forget to reference your in-text.

Answer the following questions:

– Does the overall unemployment rate offer and accurate picture of the impact of unemployment on each U.S. population group?

– If actual inflation exceeds anticipated inflation, who will lose purchasing power and who will gain?

– What did classical economists assume about the flexibility of prices, wages, and interest rates? What disagreements did Keynes have with classical economists?

– What effect did the financial crisis of 2008 have on the federal budget deficit?