Suppose the job multiplier is 0.7. The government hires 2,000 workers. a) How much does total...
Suppose the job multiplier is 0.7. The government hires 2,000
workers.
a) How much does total employment rise or fall?
Total employment will (Click to
select) rise fall by jobs.
b) How much does private sector employment rise or fall?
Private sector employment
will (Click to
select) rise fall by jobs.
c) The overall effect
-
is equal to the government effect that caused it.
-
is greater than the government effect that caused it.
-
is less than the change in the government effect that caused it.
-
cannot be compared to the government effect that caused it.
Homework Answers
a) multiplier = 0.7
the government hires 2000 workers
total employment will increase by 0.7*2000 = 1400 jobs
b) Private sector employment will fall by 2000-1400 = 600 jobs
c) The overall effect is less than the change in the government effect that caused it
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3. What factors make it difficult to determine the unemployment
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