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Question 8 0.1 pts Suppose that there are 150,000 employed individuals and 6,000 individuals with...
Suppose that there are 150,000 employed individuals and 6,000 individuals without a job, but actively searching...
Suppose that there are 150,000 employed individuals and 6,000 individuals without a job, but actively searching for one. How large will unemployment be in the following period if the job finding rate is 75%, while the job separation rate is 4%?
Question 15 1 pts Official unemployment is identified as when: a worker leaves her job to...
Question 15 1 pts Official unemployment is identified as when: a worker leaves her job to attend school full-time. O a worker who is not currently employed is searching for a job unsuccessfully. O a worker retires from her job. a worker who is not currently employed stops searching for a job because she feels there is no job available for her. a worker who is not currently employed stops searching for a job. Question 16 1 pts The main...
0/0.1 pts Question 10 Suppose that the number of matches in the labor market is given...
0/0.1 pts Question 10 Suppose that the number of matches in the labor market is given by V0.25. U0.75 М What is the job-finding rate when labor market tightness is 0.5? 84
Suppose the labor market has the following statistics: Unemployed=1million, Employed=4million, Adult population= 7million. (a) Suppose of...
Suppose the labor market has the following statistics: Unemployed=1million, Employed=4million, Adult population= 7million. (a) Suppose of the 1million unemployed, 80,000 of them find jobs every month; of the 4million employed,160,000 lose their jobs every month. (i) Calculate and interpret the steady state rate of unemployment (ii) Give an example of a policy that would reduce the rate of job separation. (iii) Suppose this policy reduces the number of people losing their jobs from 160,000 to 120,000. Calculate and explain how...
macroeconomic Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not...
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
Question #4 a. Assume that the real wage in an economy is held above equilibrium. i....
Question #4 a. Assume that the real wage in an economy is held above equilibrium. i. Graphically illustrate how an increase in the supply of labor will change the number of unemployed workers. Be sure to label the axes and the quantities of labor hired before and after the increase in the labor suppl y. ii. Explain in words what happens to the number of unemployed as a result of this change. Page 5 b. i.If the nate of job...
Question 8 2 pts Suppose there is a massive drop in investment. According to the lecture...
Question 8 2 pts Suppose there is a massive drop in investment. According to the lecture slides, which of the following would be a likely result? A period of high unemployment A period of high inflation A period of high inflation and high unemployment A period of high inflation and high unemployment with a high trade deficit O Investment never drops but keeps increasing Question 9 2 pts What can cause stagflation? A sudden drop in consumption An increase in...
4. The town of Cuomoville consists of the following individuals: Zach is a jet fighter...
4. The town of Cuomoville consists of the following individuals: Zach is a jet fighter pilot in the Air Force. Yvette is employed part time as the Town Librarian. Xavier has his own carpentry business. Wanda works full time at the local flour mill. Victor has not been able to find a job for two years and has given up looking for work, Ursula usually works as a teacher, but she has been home for...
0.1 pts Question 13 Suppose that a household earn $1,000 in wages and spends $500 on...
0.1 pts Question 13 Suppose that a household earn $1,000 in wages and spends $500 on consumer goods. How large is the average tax rate on income if the household can only save $300? $1,000 $500 Factor Markets Goods Markets Households О 20% O 25% O 10% 07096 O 40%
Use the following information to answer questions 4-5. The nation of Behrendonia has conducted an employment...
Use the following information to answer questions 4-5. The nation of Behrendonia has conducted an employment survey of its citizens. Below is the result of the survey. It should be noted that each person belongs to exactly one group. Total citizens: 80 million Children: 10 million Employed, full-time: 40 million Employed, part-time (but are happy with part-time work): 6 million Employed, part-time (but want full-time work): 3 million People without work, want to work, and are actively seeking employment: 7...
Question 15 1 pts Official unemployment is identified as when: a worker leaves her job to attend school full-time. O a worker who is not currently employed is searching for a job unsuccessfully. O a worker retires from her job. a worker who is not currently employed stops searching for a job because she feels there is no job available for her. a worker who is not currently employed stops searching for a job. Question 16 1 pts The main...
0/0.1 pts Question 10 Suppose that the number of matches in the labor market is given by V0.25. U0.75 М What is the job-finding rate when labor market tightness is 0.5? 84
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
Question #4 a. Assume that the real wage in an economy is held above equilibrium. i. Graphically illustrate how an increase in the supply of labor will change the number of unemployed workers. Be sure to label the axes and the quantities of labor hired before and after the increase in the labor suppl y. ii. Explain in words what happens to the number of unemployed as a result of this change. Page 5 b. i.If the nate of job...
Question 8 2 pts Suppose there is a massive drop in investment. According to the lecture slides, which of the following would be a likely result? A period of high unemployment A period of high inflation A period of high inflation and high unemployment A period of high inflation and high unemployment with a high trade deficit O Investment never drops but keeps increasing Question 9 2 pts What can cause stagflation? A sudden drop in consumption An increase in...
0.1 pts Question 13 Suppose that a household earn $1,000 in wages and spends $500 on consumer goods. How large is the average tax rate on income if the household can only save $300? $1,000 $500 Factor Markets Goods Markets Households О 20% O 25% O 10% 07096 O 40%
Use the following information to answer questions 4-5. The nation of Behrendonia has conducted an employment survey of its citizens. Below is the result of the survey. It should be noted that each person belongs to exactly one group. Total citizens: 80 million Children: 10 million Employed, full-time: 40 million Employed, part-time (but are happy with part-time work): 6 million Employed, part-time (but want full-time work): 3 million People without work, want to work, and are actively seeking employment: 7...
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