Question

Term ges Nancy is searching for a job that suits her tastes about where to live and the people she works with Lamara is looking for a job that makes best we of her skills. Which statement best describes the nature of Nancy and Laura's employment O Nancy is frictionally unemployed, and Laura is structurally unemployed O . Nancy is structurally unemployed, and Launais frictionally unemployed O Nancy and Laura are both structurally unemployed O d. Nancy and Laura are both frictionally unemployed D

Answer 1

Q-1 :: ANSWER :: (A) Nancy Is Frictionally Unemployed And Laura Is Structurally Unemployed

=> Explanation ::

As We show that Nancy Is Looking for a Job That Suits Her taste About Where to Live And the People she Work with it Is show The Nature Of Frictional Unemployment Because In That People Move Their job from one To another For their Taste Or Any other Issue And Looking for New Job Between That time They are Frictionally unemployed.

As in the Case of Laura She is looking for job Which suitable To Her Skill so if She Unemployed Because Of Her Nature she Is know As Structurally Unemployed.Because In That Unemployment People Loss their Job Because Of The Skill mismatch.

Q-2 :: ANSWER :: (B) 4.76%

=> Explanation ::

=> First Of All We Have To Calculate The Velocity Of Money For 2019

Money Supply Increase 10% = 100 + 10 = $110 B

V = Nominal GDP / Money Supply

= $660 Billion / $110 Billion

= 6

So In 2018 And 2019 Velocity Of Money Is Constant To 6.

2018 Price Level ::

= Velocity(V) * Money Supply(M) / Real GDP (Y)

= 6 * 100 / 300

= 2

2019 Price Level ::

= 6 * 110 / 315

= 2.0952

So Price Level Increase = (2 - 2.0952) * 100/ 2

= 0.952 * 100 / 2

= 9.52 / 2

= 4.76%