Frictional unemployment Study guides, Class notes & Summaries

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...

ECN 211 Final (Exams 1, 2, 3) ASU Douglas Questions And Answers All Verified 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 consumed by a man in his attic. C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. D. All of the above - ANS C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. you know a candy bar c...

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...

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 - 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 today. Whic...

UC Berkeley Econ 100B UGBA 101B Final ExamRising inflation has no additional effect on an economy's well-being if: - correct answer Relative prices are unaffected, It is universally and accurately anticipated, The nominal rate of interest for both savers and borrowers rises by an amount just equal to the rate of inflation. Unanticipated increases in inflation will hurt ________ and help ________. - correct answer pensioners; borrowers "Shoe-leather costs" refer to: - correct answer The ...

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...

Economic Indicators Exam Study Guide Complete Questions and Correct Detailed Answers (Verified Answers) |Already Graded A+ Gross Domestic Product The dollar amount of all final goods and services produced within a country's borders in a year. final goods goods and services that have been purchased for final use and not for resale or further processing or manufacturing intermediate goods materials or resources that will be transformed into another form or used for another product nom...

In the United States, changes in price levels are tracked by the____________, which measures the monthly average changes in prices of goods and services. correct answer: CPI The term used to describe the study of the overall operations of an economy and its various components is known as__________ correct answer: macroeconomics _________ refers to the study of the economic activities of a firm or an individual. correct answer: Microeconomics _________ occurs when government grants ...

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 ...

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...