Frictional unemployment - Guías de estudio, Notas de estudios & Resúmenes

ECN 211 ASU EXAM 2 SET EXAM QUESTIONS REVISED WITH CORRECT ANSWERS | PASSED!! For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must - ANSWER : be available for work Labor-force participation rate tells us the fraction of the population that - ANSWER : has chosen to participate in the labor market People who are unemployed because they are in search of a job that suits their skills are included within - ANSWER : frictional une...

Macroeconomics correct answers The branch of economics that studies the economy as a whole 1) Slowing/rising production in the economy 2) Rising/falling unemployment in the economy 3) Inflation/Deflation in the economy correct answers Macroeconomics examines the causes and consequences of: Gross Domestic Product (GDP) correct answers Value of all new production in a nation (or region) in a given period of time. Gross Domestic Product (GDP) correct answers What is the most commonly-u...

What is the labor force? CORRECT ANSWER the sum of employed and unemployed workers in the economy; it includes adult (16+) non-institutional civilian population What does "not in the labor force" mean? CORRECT ANSWER they currently do not have a job and they are not currently actively looking for a job what are the to kinds of people included in the labor force? CORRECT ANSWER unemployed and employed what does it mean to be unemployed CORRECT ANSWER someone who is not working but is cur...

Price Level Ans- One of the following definitions is acceptable: 1) The cost of a specific basket of goods and services; or 2) the above definition for a price index. Price Index Ans- The cost of a specific basket of goods and services in one period divided by the cost of the same basket of goods and services in the base period. Cost of Inflation AnsFull Employment Ans- The level of employment associated with a zero rate of cyclical unemployment and normal rates of structural and fr...

3 types of unemployment correct answers --cyclical --frictional --structural cyclical unemployment correct answers the increase in unemployment that occurs during recessions and depressions frictional unemployment correct answers unemployment due to normal turnover in the labor market; used to denote short-run job/skill-matching problems structural unemployment correct answers unemployment due to changes in the structure of the economy that result in a significant loss of jobs in cert...

2 © OCR 2023 SECTION A Write your answer for each question in the box provided. 1 The claimant count measure of unemployment will include A all individuals receiving jobseeker’s allowance B all individuals who are looking for a job C all individuals without a job D only individuals able to start work immediately Your answer [1] 2 What is most likely to cause frictional unemployment? A A delay in workers being able to start new jobs B A high level of occupational mobility C A perm...

Which of the following is generally not considered a macroeconomic goal? - correct answer E Zero frictional unemployment Which of the following is consistent with the law of demand? - correct answer D A decrease in the price of mouse pads causes an increase in the amount of mouse pads purchased The PPC above represents the total amount of capital and consumer goods and economy is capable of producing. What is illustrated by the change shown above? - correct answer B And advancemen...

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...

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...