Structural unemployment Study guides, Revision notes & Summaries

When you include discouraged workers and unemployed workers in calculations of the unemployment rate correct answersthis alternate measure is much higher than the official unemployment rate. The Internet has enabled workers and companies to find each other more quickly and to make better matches with substantially lower costs. The result is correct answerslower frictional unemployment Official unemployment is identified as when a worker correct answerswho is not currently employed is searc...

ECN 211 EXAM 2 ASU Questions with Complete Solutions 100% Verified GDP is - Correct Answer value of all final goods and services produced within a country in a given period of time. Y = C + I + G + NX - Correct Answer Y = economy's total expenditure C = consumption in economy I = imports in economy G = government spending NX = net exports Net exports equal - Correct Answer exports minus imports CPI is used to - Correct Answer monitor changes in the cost of living over time Infl...

What is frictional unemployment? - Answer Between jobs, moving towards a better job. (Module 7) What is structural unempoyment? - Answer Job eliminated, accumulated experience is no longer valued in the labor market. What is cyclical unemployment? - Answer Laid off due to a recession How do you calculate the unemployment rate? - Answer (# of unemployed/labor force) x 100 How do you calculate the labor force participation rate? - Answer (labor force / population) x 100 Wh...

Franchise - Answer- a contractual agreement between a parent company and a franchisee to distribute goods and services Corporation - Answer- a form of business ownership that is owned by stockholders who have purchased units or shares of the company Elastic Demand - Answer- demand that changes according to changes in price Inelastic Demand - Answer- demand that is not affected by changes in price. Unitary Demand - Answer- when sales remain the same because changes in supply and de...

ECS2602 Assesment 2 Macroeconomics The term “full employment” refers to a situation in the economy … Select one: A. in which there is only frictional and structural unemployment. B. where everybody who wants to work is employed. C. in which there is only cyclical unemployment and frictional unemployment. D. where there is no unemployment in the economy. Question 2 Correct Mark 1.00 out of 1.00 Question text Flag question Which one of the following statements is correct rega...

Macro Essay Plans Exam With 100% Correct Answers 2024 Evaluate the view that free-market supply-side reforms are beneficial to the UK economy [25] - correct answer-Supply side policies are the set of micro and macro government policies used to improve national economic performance by creating more competitive & efficient markets. Decrease NMW & benefits (reduced real wage unemployment), reduced income so increased incentive to work, increased labour supply, decrease wage costs, increase S...

GCSE ECONOMICS 8136/2 Paper 2 How the Economy Works Version: 1.0 Final *JUN* IB/H/Jun23/E8 8136/2 Friday 26 May 2023 Morning Time allowed: 1 hour 45 minutes Materials You will need no other materials. You may use a calculator. Instructions • Use black ink or black ball-point pen. • Fill in the boxes at the top of this page. • Answer all questions. • You must answer the questions in the spaces provided. Do not write on blank pages. • If you need extra space for your ans...

Franchise - ANSWER-a contractual agreement between a parent company and a franchisee to distribute goods and services Corporation - ANSWER-a form of business ownership that is owned by stockholders who have purchased units or shares of the company Elastic Demand - ANSWER-demand that changes according to changes in price Inelastic Demand - ANSWER-demand that is not affected by changes in price. Unitary Demand - ANSWER-when sales remain the same because changes in supply and demand ...

Fire Officer 3 Questions and Answers 100% Correct Causes of Unethical Conduct- Most Common Basic Needs (intended to fulfill persons' basic needs), Affiliation (groups or organizations), Self-esteem (Increase a persons' self-esteem), Self-gratification (Increase a persons' self enjoyment) When an individual has _______________ or _________________ rationalized the unethical action then it becomes easier to commit the action and any similar subsequent actions. rationlized or justified Process...

BEC CPA Exam Review Questions & Answers 2023/2024 Demand Curve Shift Upward (direct relationship-positive shift) - ANSWER-The price of subsitute goods, expectations of price changes, income for normal goods, and extent of market Demand Curve Shift Downward (inverse relationship-neg. shift) - ANSWER-The price of complement good, income for inferior goods, and consumer boycotts SWOT analysis - ANSWER-strengths, weaknesses, opportunities, threats Three common measures of price inflation...