Frictional unemployment Study guides, Class notes & Summaries

2023 AQA GCSE ECONOMICS 8136/2 Paper 2 How the Economy Works Question Paper & Mark scheme (Merged) June 2023 [VERIFIED] GCSE ECONOMICS Paper 2 How the Economy Works Friday 26 May 2023 Morning Time allowed: 1 hour 45 minutes Materials You will need no other materials. For Examiner’s Use You may use a calculator. Section Mark Instructions A • Use black ink or black ball-point pen. B • Fill in the boxes at the top of this page. TOTAL • Answer all questions. • You must answer...

State the six macroeconomic objectives Maintaining full employment Economic growth Achieving price stability Balacing exports and imports Environmental sustainability Reducing inequality Give examples of how different macroeconomic objectives can conflict with each other Economic growth and stable inflation Economic growth and balance of payments Unemployment and stable inflation Economic growth and inequality Economic growth and environmental sustainability. Explain wha...

Demand Curve Shift Upward (direct relationship-positive shift) - ️️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) - ️️The price of complement good, income for inferior goods, and consumer boycotts SWOT analysis - ️️strengths, weaknesses, opportunities, threats Three common measures of price inflation: - ️️1. The Consumer Price Index (CP) 2. The Produ...

ECN 211 Final (Exams 1, 2, 3) ASU Douglas Questions with Correct Answers Graded A+ Which of the following is included in GDP? A. recreational marijuana purchased from a drug dealer by a college student? B. Recreational marijuana purchased and consumber by a man in his attic. C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. D. All of the above - Correct Answer C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. you know ...

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

Which of the following is included in GDP? A. recreational marijuana purchased from a drug dealer by a college student? B. Recreational marijuana purchased and consumber by a man in his attic. C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. D. All of the above - correct answer C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. you know a candy bar cost five cents in 1962. You also know the CPI for 1962 and the CPI to...

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...

BEC FormulasReal GDP - correct answer Nominal GDP/GDP Deflator x 100 Multiplier effect - correct answer 1/(1-MPC) The expenditure approach - correct answer Government Purchases Gross Domestic Investment Personal Consumption Net Exports The income approach - correct answer Income of proprietors Profits of corporations Interest (net) Rental Income Adjustments for Net Foreign Income and miscellaneous items Taxes Employee Compensation Depreciation Net National Product - correct...

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...

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...