1. In the pre recession period the housing sector was booming. Booming means more and more jobs were being created in the market. Therefore, there will be less unemployment in the market.
2. In the year of crisis (2008), employees were being sacked down. As businesses were closing down because if the crisis, and the businesses were incurring losses. So employees were being sacked down. This period has seen an increased rate of unemployment.
3. In the year of post crisis (2009), again jobs were created as the economy tried to recover from the crisis. Hence, again the rate of unemployment will be lower.
Problem 6 Due to the collapse of the housing bubble in 2007-2008 there was a financial...
9. Applying the extended AD-AS model Financial crises, such as the one that impacted many developed countries starting in 2007, decrease banks’ ability and willingness to make loans. Decreased availability of credit decreases businesses’ ability to make investment purchases and consumers’ ability to buy goods and services. As a result, a financial crisis is a negative shock for an economy. The following graph shows an economy’s aggregate demand curve and its short-run and long-run aggregate supply curves after a financial...
pls answer all. i will like and thumbs up While economists measure unemployment at the macroeconomic level, microeconomic forces are often responsible for this macro aggregate. In other words, the tie between microeconomics and macroeconomics is inevitable when discussing the level of unemployment in an economy. Suppose the following graph represents the market for unskilled labor in a fictional economy. These workers typically represent the young, inexperienced, or uneducated part of the labor force and are therefore most effected by...
1 Suppose that wages paid to both factory workers and construction workers in a perfectly competitive factor market is $15 per hour. If the market for factory workers becomes unionized, you would expect: a. an increase in the wage rate for construction workers. b. an increase in the supply of factory workers. c. an increase in the wage rate for factory workers. d. no change in the wage rate for either factory workers or construction workers. 2 Marginal cost is...
Problem 1: Isoquant, Isocost Cost Minimizing Approach to Factor Selection: Suppose that as part of the UNCCCC Paris Agreement Green New Deal Plan to rapidly reduce Greenhouse Gas Emissions (GHGs) and other local air pollutants, suppose the elected City Council of the City of K'jipuktuk (Halifax) puts into place a low GHG transport system. As part of the plan, K'jipuktuk Transit, has been electrifying and increasing the size of the city's Public Transit System. So, far to this end, suppose...
TORENTO CONSTRUCTION: ETHICAL CONTRACTING On December 27, 2010, Cary Holmes, manager of the Supply Chain Management (SCM) group at Torento Construction Inc. (NCG), was in his office in Torento, Ontario, trying to organize the thoughts running through his head as a result of a recent bidding to save operating costs at NCG. There was no problem in terms of the final outcome; in fact, the bid was going to result in cost savings of 25 per cent, which was exactly...
FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the blank Scarcity is the intimited nature of society's resources given society's limited wants 2. A reward is a type of positive incentive. 3. To remove difficulty of double coincidence of wants we use money. 4. An exogenous factor is a variable that can be controlled for inside the model. 5. The PPF will not have a constant slope. 6. The law of demand states...
please read instructions on the first picture and follow it Discussion Board: Chapter 1 Due: Jun 28, 2019 at 11:59 PM Please read the article titled Evolution of Operations Planning and Control: from production to supply chains In at least three paragraphs, describe how and why the focus of operations planning and control has changed over time. While one might argue that answers consisting of sentences quoted from articles do not represent plagiarism, I do not consider them acceptable, and...
please read instructions on the first picture and follow it Discussion Board: Chapter 1 Due: Jun 28, 2019 at 11:59 PM Please read the article titled Evolution of Operations Planning and Control: from production to supply chains In at least three paragraphs, describe how and why the focus of operations planning and control has changed over time. While one might argue that answers consisting of sentences quoted from articles do not represent plagiarism, I do not consider them acceptable, and...
Please Use your keyboard (Don't use handwriting) MGT 201 I need new and unique answers, please. (Use your own words, don't copy and paste) Assignment Question(s): What are the biggest challenges Norwegian experienced in trying to expand its airline across the globe? (2.5 marks) To what extent did you observe examples of ethnocentric, polycentric, or geocentric attitudes in this case? Provide examples to support your conclusions. (2.5 marks) Use Table 4.4 (Given below) to identify cultural differences that are likely...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...