Homework Answers
Frictional unemployment due to movement of people from one job to another. If Samantha quits her job voluntarily, then it is frictional unemployment. Option b is correct.
When there is a loss of job due to a change in technology, then it is called a structural unemployment. Therefore correct option is a.
Since inflation is defined as a sustained rise in prices of a basket of good, only the increase in price of corn due to floods does not mean there is an increase in the price of entire basket. The increase in price is due to a reduction of supply of corn due to floods. Therefore it is a mechanism of demand and supply. Option d is correct.
A price index shows how the relative price of a basket of goods over time. Therefore option a is correct.
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TUTALT Macro - Fall 2019 Quiz 3 Chapter 22 & 23 NAME If Samantha quits her...
If Samantha quits her job voluntarily and actively searches for other work, then she is considered...
If Samantha quits her job voluntarily and actively searches for other work, then she is considered A) structurally unemployed. B) frictionally unemployed. C) cyclically unemployed. D) not to be unemployed. Telephone operators who have lost their jobs as a result of computerized switchboards are an example of A) structural unemployment. B) frictional unemployment. C) cyclical unemployment. D) voluntary unemployment. The floods of 1993 caused the price of corn to increase. This is an example of A) inflation. B) deflation C)...
Samantha quits her job voluntarily and actively searches for other work, then she is considered A)...
Samantha quits her job voluntarily and actively searches for other work, then she is considered A) structurally unemployed. B) frictionally unemployed C) cyclically unemployed. D) not to be unemployed. Telephone operators who have lost their jobs as a result of computerized switchboards are an example of A) structural unemployment B) frictional unemployment C) cyclical unemployment D) voluntary unemployment. The foods of 1993 caused the price of corn to increase. This is an example of A) inflation B) deflation C) a...
if Samantha quits her job voluntarily and actively searches for other work, then she is considered...
if Samantha quits her job voluntarily and actively searches for other work, then she is considered A) structurally unemployed. B) frictionally unemployed. C) cyclically unemployed. D) not to be unemployed.
can be more than one answer QUESTION 1 C. Chestnut voluntarily quit her job as a...
can be more than one answer
QUESTION 1 C. Chestnut voluntarily quit her job as a waitress last week, and is actively looking for a better job as a nuclear physicist, a job she has been trained for. (looked for a job yesterday) She will be counted in which of the following categories: Ok. Represents three jobs in the Establishment Survey calculations of total employment. b. Employed e. Underemployed g. Structurally unemployed I. Represents one job in the Establishment Survey...
41. Inflation is A a rise in the price of every good and service. B. a...
41. Inflation is A a rise in the price of every good and service. B. a rise of exactly a specified percentage in the price of every good or service. C. a rise in the average price level D. a rise in average prices of at least 10 percent a year. 42. Kimberly quit her job as a computer programmer, spent two weeks in Hawai expects to soon find) another job. She is unemployed A. psychologically B. structurally C. frictionally...
Q1 Which of the following are included and which are excluded in calculating this year's GDP....
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
Question 16(Multiple Choice Worth 1 points) In an economy with a horizontal aggregate supply curve, a...
Question 16(Multiple Choice Worth 1 points) In an economy with a horizontal aggregate supply curve, a decrease in taxes will affect price level and employment in which of the following ways? Price Level / Employment Decrease / Increase Increase / Increase Increase / Decrease Increase / No Change No Change / Decrease No Change / Increase Question 17(Multiple Choice Worth 1 points) If personal income taxes are increased, we can expect that the short-run Phillips curve will shift left. the...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
Question 7 Suppose the legislature of Youngland voted to impose a protective tariff on microprocessor chips....
Question 7 Suppose the legislature of Youngland voted to impose a protective tariff on microprocessor chips. Which of the following would be true in the short run? There will be a decrease in microprocessor chip production in Youngland. There will be a decrease in supply of microprocessor chips in Youngland. There will be an increase in microprocessor chip production by foreign nations. I only. II only. III only. I and III only. II and III only. Question 13(Multiple Choice Worth...
If Samantha quits her job voluntarily and actively searches for other work, then she is considered A) structurally unemployed. B) frictionally unemployed. C) cyclically unemployed. D) not to be unemployed. Telephone operators who have lost their jobs as a result of computerized switchboards are an example of A) structural unemployment. B) frictional unemployment. C) cyclical unemployment. D) voluntary unemployment. The floods of 1993 caused the price of corn to increase. This is an example of A) inflation. B) deflation C)...
Samantha quits her job voluntarily and actively searches for other work, then she is considered A) structurally unemployed. B) frictionally unemployed C) cyclically unemployed. D) not to be unemployed. Telephone operators who have lost their jobs as a result of computerized switchboards are an example of A) structural unemployment B) frictional unemployment C) cyclical unemployment D) voluntary unemployment. The foods of 1993 caused the price of corn to increase. This is an example of A) inflation B) deflation C) a...
if Samantha quits her job voluntarily and actively searches for other work, then she is considered A) structurally unemployed. B) frictionally unemployed. C) cyclically unemployed. D) not to be unemployed.
can be more than one answer
QUESTION 1 C. Chestnut voluntarily quit her job as a waitress last week, and is actively looking for a better job as a nuclear physicist, a job she has been trained for. (looked for a job yesterday) She will be counted in which of the following categories: Ok. Represents three jobs in the Establishment Survey calculations of total employment. b. Employed e. Underemployed g. Structurally unemployed I. Represents one job in the Establishment Survey...
41. Inflation is A a rise in the price of every good and service. B. a rise of exactly a specified percentage in the price of every good or service. C. a rise in the average price level D. a rise in average prices of at least 10 percent a year. 42. Kimberly quit her job as a computer programmer, spent two weeks in Hawai expects to soon find) another job. She is unemployed A. psychologically B. structurally C. frictionally...
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
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