Homework Answers
14. Option d. It is the minimum unemployment rate resulting from real or voluntary economic forces and ranges between 4o 5 percent
15. Option a UE=(40/(40+100))*100= 28.57 percent
16. Option a. It is used to exchange goods in terms of deli
17. Option c. It is the function which can be saved and used at later point of time
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- 14. The natural rate of unemployment is the a, unemployment rate that would prevail with...
Which of the following best defines the natural rate of unemployment? Select one: .00 O It...
Which of the following best defines the natural rate of unemployment? Select one: .00 O It is the amount of unemployment that the economy normally experiences. O It is the rate associated with the highest possible level of GDP on It is the difference between long-run and short-run unemployment rates. It is the unemployment rate that would prevail with zero inflation k Support: 613-520-3700 or its
5. What does the natural unemployment rate include? a. both frictional and structural unemployme
5. What does the natural unemployment rate include? a. both frictional and structural unemployment b. neither frictional nor structural unemployment c. structural unemployment, but not frictional unemployment d. frictional unemployment, but not structural unemployment Answer: 6. A foreign governmental statistics agency recently reported that there were 47.6 millionpeople over age 25 who had at least a bachelor’s degree. Of this number, 38.0 million were in the labour force and 35.9 million...
D D. underemployed 10 If the unemployment rate is 8 percent, then this means O A....
D D. underemployed 10 If the unemployment rate is 8 percent, then this means O A. 8 percent of the population is unemployed. B. 8 percent of the population age over sixteen is unemployed O c. 8 percent of the labor force is unemployed. D D. the number of unemployed persons equals 8 percent of the employed persons. 1 po If the number of employed persons in a country equals 24 million, the number of unemployed persons equals & millio...
15. Which of the following functions of money would be violated if inflation were high? A)...
15. Which of the following functions of money would be violated if inflation were high? A) unit of account B) store of value C) certificate of gold D) medium of exchange 16. If nominal GDP is $400 billion and the money supply is $50 billion, the velocity of money A) 0.125. B) 8. C) 12. D) 20. 17) If the Central Bank raises an interest rate like the discount rate or the interbank rate, this will inflation and real GDP...
13. Which of the following statements is (are) correct? (x) The natural rate of unemployment is...
13. Which of the following statements is (are) correct? (x) The natural rate of unemployment is the amount of the unemployment that the economy normally experiences. (y) Cyclical unemployment refers to the year-to-year fluctuations of unemployment around its natural rate that are due to short-run ups and downs of the economy (z) Suppose the natural rate of unemployment is 5.5 percent and the current rate of unemployment is 8.1 percent. The cyclical unemployment rate is a positive value of 2.6...
I got the equation to use for unemployment rate but I need help with the rest....
I got the equation to use for unemployment rate but I need help with the rest. In alphaland there are 275,000 employed; 25,000 were unemployed; and 100,000 were not in the labor force. Assume all citizens are adults. Use this information to calculate: a. Adult population b. Labor force c. Labor force participation rate d. Unemployment rate 6.25%
1. The on e is the m e that would prevail with 26 notion Rate d...
1. The on e is the m e that would prevail with 26 notion Rate d with potential output El amount of unemployment consistent with long run GDP. Difference between the long run and short nemployment rates 14. Which of the following represents a positive statement followed by nominative statement? Budget deficits slow economic growth, we should reduce the deficit We should prevent immigration, Immigrants steal jobs c. If you cheat on this exam, the ghost of Adam Smith will...
Multiple choice. Circle the best answer. 3 points each 1) Silver is an example of a...
Multiple choice. Circle the best answer. 3 points each 1) Silver is an example of a A) commodity money, B) barter money, C) fiat money. D) representative money. 2. Which of the following functions of money would be violated if inflation were high? A) unit of account B) store of value C) certificate of gold D) medium of exchange 3. If nominal GDP is $600 billion and the money supply is SO billion, the velocity of money is A) 0.125....
When real GDP grows more slowly than potential GDP, a. nominal GDP rises. b. the unemployment...
When real GDP grows more slowly than potential GDP, a. nominal GDP rises. b. the unemployment rate falls. c. labor productivity falls. d. the unemployment rate rises. 8. The unemployment rate is the number of unemployed people, expressed as a. a ratio of total employed to the population. b. a ratio of unemployed to the total employed. c. a percentage of the labor force. d. a percentage of the population. 9. If part of the labor force is unemployed, the...
Click to select options: Frictional unemployment Structural unemployment Not employed Cyclical unemployment Part 1: In each...
Click to select options:
Frictional unemployment
Structural unemployment
Not employed
Cyclical unemployment
Part 1: In each of the following examples, identify whether the individual is experiencing cyclical unemployment, frictional unemployment, structural unemployment, or not included in the unemploy category. a. Marge works part-time at a small retail store. She would like to work full-time, but her employer is currently unable to extend her hours. Click to select) b. Jackson just graduated from college with a business degree. He is currently...
Which of the following best defines the natural rate of unemployment? Select one: .00 O It is the amount of unemployment that the economy normally experiences. O It is the rate associated with the highest possible level of GDP on It is the difference between long-run and short-run unemployment rates. It is the unemployment rate that would prevail with zero inflation k Support: 613-520-3700 or its
D D. underemployed 10 If the unemployment rate is 8 percent, then this means O A. 8 percent of the population is unemployed. B. 8 percent of the population age over sixteen is unemployed O c. 8 percent of the labor force is unemployed. D D. the number of unemployed persons equals 8 percent of the employed persons. 1 po If the number of employed persons in a country equals 24 million, the number of unemployed persons equals & millio...
15. Which of the following functions of money would be violated if inflation were high? A) unit of account B) store of value C) certificate of gold D) medium of exchange 16. If nominal GDP is $400 billion and the money supply is $50 billion, the velocity of money A) 0.125. B) 8. C) 12. D) 20. 17) If the Central Bank raises an interest rate like the discount rate or the interbank rate, this will inflation and real GDP...
1. The on e is the m e that would prevail with 26 notion Rate d with potential output El amount of unemployment consistent with long run GDP. Difference between the long run and short nemployment rates 14. Which of the following represents a positive statement followed by nominative statement? Budget deficits slow economic growth, we should reduce the deficit We should prevent immigration, Immigrants steal jobs c. If you cheat on this exam, the ghost of Adam Smith will...
Multiple choice. Circle the best answer. 3 points each 1) Silver is an example of a A) commodity money, B) barter money, C) fiat money. D) representative money. 2. Which of the following functions of money would be violated if inflation were high? A) unit of account B) store of value C) certificate of gold D) medium of exchange 3. If nominal GDP is $600 billion and the money supply is SO billion, the velocity of money is A) 0.125....
Click to select options:
Frictional unemployment
Structural unemployment
Not employed
Cyclical unemployment
Part 1: In each of the following examples, identify whether the individual is experiencing cyclical unemployment, frictional unemployment, structural unemployment, or not included in the unemploy category. a. Marge works part-time at a small retail store. She would like to work full-time, but her employer is currently unable to extend her hours. Click to select) b. Jackson just graduated from college with a business degree. He is currently...
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