Assignment: Can someone assist with these questions? I want to double check myself before turning them in. The book in which I am using is: Principle of Macroeconomics (5th ed.) by Taylor, John B. Copyright 2007, published by Houghton Mifflin Co. I have to write a short narrative about the question and looking to validate my answers.
Question 1. Why is it difficult to determine who is and who is not in the labor force? What consequence does this have, if any, for the labor market indicator?
Question 2. Interpret "Creative Destruction"
Should policymakers worry more about structural unemployment or frictional unemployment?
Question 3.
(A) Does the Federal Reserve have complete control over the money supply at all times? Why or why not?
(B) What is the difference between the monetary base and the money supply?
Question 4.
Part I: How does the money multiplier differ when currency holdings are zero, compared to when currency holdings are greater than zero?
Part II: If the currency-to-deposit ratio increases, what effect, if any, does this have on the monetary base, the money supply, total deposits, and economic growth?