Claire was a pharmacist at Publix. She was good friends with Bill, and she was upset with how Allison handled Bill's situation. As a result, she quit her job and is currently applying for similar work at the competing Ingles. What kind of unemployment is this? - ANSWER-Frictional Unemployment
Em...
Claire was a pharmacist at Publix. She was good friends with Bill, and she was upset
with how Allison handled Bill's situation. As a result, she quit her job and is currently
applying for similar work at the competing Ingles. What kind of unemployment is this? -
ANSWER-Frictional Unemployment
Emily worked as a cashier at Publix, until they invested in a new self-checkout system.
Since they didn't need as many cashiers, Allison had to let Emily go. What kind of
unemployment is this? - ANSWER-Structural Unemployment
Bill was an assistant manager until he was laid off in the midst of the most recent
economic downturn. What kind of unemployment is this? - ANSWER-Cyclical
Unemployment
Allison is a manager at a local Publix. She is in charge of scheduling several employees
under her, as well as working with upper management. Is Allison employed or
unemployed? - ANSWER-She is employed.
David is Allison's husband, who used to work in the deli at Publix. He left his job there
so he could stay at home with their young daughter, and to alleviate some of the
difficulties Allison has faces with employees in light of the recession. He believes he mat
start looking for work again in a few months. Is he counted as a part of the labor force? -
ANSWER-No, he is not counted as a part of the labor force.
An assumption made in the quantity theory of money is that the velocity of money is: -
ANSWER-Constant
Money that has intrinsic value (gold, silver, etc.) is known as: - ANSWER-Commodity
Money
Money that does NOT have intrinsic value (paper money, coins made from cheap,
mostly useless metal), is known as: - ANSWER-Fiat Money
Why do people accept money that does not have intrinsic value? - ANSWER-People
are misinformed and believe that it does have value.
If the inflation rate in 2015 was 7%, and we experience DISINFLATION in 2016, what
might the inflation rate have been in 2016? - ANSWER-4%
Suppose there are 50 million people working in an economy, 25 million unemployed
people, and a total of 125 million people. What is the unemployment rate? - ANSWER-
33.3%
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