Homework Answers
Suppose the world price of steel fall substantially. The demand for labor among automobile producing firm in Pennsylvania will decrease. The demand for labor among automobile producing firms in Michigan for which steel is an input, will increase. The temporary unemployment resulting from such sectoral shifts in best described as frictional unemployment.
Following policies would help to reduce this type of unemployment (frictional unemployment)
Establishing government-run employment agencies to connect unemployed workers to job vacancies
Improving a widely used job-search website so that it matches workers to job vacancies more effectively
Answer: Option (a) and Option (b)
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4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially....
4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially....
4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, will The temporary unemployment resulting from such sectoral shifts in the economy is best described as unemployment The temporary the Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve...
First 2 drop down options are Increase/Decrease. Third drop down option is Seasonal/Frictional/Structural/Cyclical 4. Sectoral shifts,...
First 2 drop down options are
Increase/Decrease. Third drop down option is
Seasonal/Frictional/Structural/Cyclical
4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of cotton falls substantially. The demand for labor among cotton- producing firms in Texas will . The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will . The temporary unemployment resulting from such sectoral shifts in the economy is best described as unemployment. Suppose the government wants to...
ECON50 25. Sectoral shifts in demand for output increase unemployment due to job search. From time...
ECON50 25. Sectoral shifts in demand for output increase unemployment due to job search. From time to time the demand for workers has risen in one region of the United States and fallen in another. This illustrates a frictional unemployment created by efficiency wipes. b. structural unemployment created by efficiency wages. c. frictional unemployment created by sectoral shifts d structural unemployment created by sectoral shifts Hint: One company closes out in one location while other companies open up in other...
4. If an unemployed person quits looking for work, ceteris paribus, A. the unemployment rate increases....
4. If an unemployed person quits looking for work, ceteris paribus, A. the unemployment rate increases. B. the unemployment rate decreases. C. the size of the labor force falls. D. A and C, only E. B and C only 6. Which of the following statements is (are) correct? (x) Job search is the process of matching workers with appropriate jobs and people who are unemployed because of job search are best classified as frictionally unemployed. (y) Frictional unemployment can be...
6) in the U.S., which is not a specific stated goal of Government policies?: a) price...
6) in the U.S., which is not a specific stated goal of Government policies?: a) price stability b) full employment c) growth d) social well-being (welfare, or "happiness") 7) The unemployment rate is defined as: a) civilian labor force/civilian non-institutional population b) unemployed/civilian labor force 0) discouraged workers/civilian labor force d) none of the above , 8) The term "final goods" refers to: a) raw materials b) goods whose value has been adjusted for changes in the price level c)...
its mcq and short question answer. 19) If the Consumer Price Index chenges from 120 in...
its mcq and short question answer.
19) If the Consumer Price Index chenges from 120 in year ene to 150 in yeae twe, the rae of inflation in the intervening yenr is A) 10 percent B) 12.5 percet 9 20 percent D) 25 percent E) 30 percent HORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 20 20) The Consumer Price Index tends to the true problem of inflation 28) Suppone that the...
4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, will The temporary unemployment resulting from such sectoral shifts in the economy is best described as unemployment The temporary the Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve...
First 2 drop down options are
Increase/Decrease. Third drop down option is
Seasonal/Frictional/Structural/Cyclical
4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of cotton falls substantially. The demand for labor among cotton- producing firms in Texas will . The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will . The temporary unemployment resulting from such sectoral shifts in the economy is best described as unemployment. Suppose the government wants to...
ECON50 25. Sectoral shifts in demand for output increase unemployment due to job search. From time to time the demand for workers has risen in one region of the United States and fallen in another. This illustrates a frictional unemployment created by efficiency wipes. b. structural unemployment created by efficiency wages. c. frictional unemployment created by sectoral shifts d structural unemployment created by sectoral shifts Hint: One company closes out in one location while other companies open up in other...
its mcq and short question answer.
19) If the Consumer Price Index chenges from 120 in year ene to 150 in yeae twe, the rae of inflation in the intervening yenr is A) 10 percent B) 12.5 percet 9 20 percent D) 25 percent E) 30 percent HORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 20 20) The Consumer Price Index tends to the true problem of inflation 28) Suppone that the...
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