Frictional unemployment Guías de estudio, Notas de estudios & Resúmenes

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...

ECS1601 Assignment 4 Semester 2 2023 (SOLUTIONS/ANSWERS) Question 1 Answer saved Marked out of 1.00 Flag question Question text The distribution effects of inflation are best described by … a. the elderly benefiting at the expense of the young. b. creditors benefiting at the expense of debtors. c. borrowers benefiting at the expense of lenders. d. the poor benefiting at the expense of the rich. Clear my choice Question 2 Answer saved Marked out of 1.00 Flag question Quest...

Econ 104, Goffe, PSU 2024 Exam Graded A+ | Verified & Updated GDP -Answer-the market value of all FINAL goods and services produced in a country during a period of time. GDP equation -Answer-GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) Consumption -Answer-expenditures made by households (excluding the purchase of a new house) Investment -Answer-Final goods and services purchased by business firms (equipment for production and new buildings), changes in i...

GDP is - value of all final goods and services produced within a country in a given period of time. Y = C + I + G + NX - Y = economy's total expenditure C = consumption in economy I = imports in economy G = government spending NX = net exports Net exports equal - exports minus imports CPI is used to - monitor changes in the cost of living over time Inflation rate - percentage change in the price level from the previous period Indexation refers to - using a law or contract to automatica...

Accounting: What costs should be considered when making non-routine decisions? (3) The price of material, Factory overhead costs, and the price of labor Accounting: Total product/ units produced and sold equals?? Product Cost per Unit Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Accounting: What is a general explanation of what the contribution margin is? The difference between variable costs subtr...

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 Inflation rate CORRECT ANSWER percentage change in the price level from the prev...

Virtual SC Economics Honors Summer Course Exam Review Rated A+ _____ are opportunity costs of a decision (foregone benefits) that is not defined in money. Implicit costs _____ are taxes on _____ . Tariffs, imports _____ is harder to fix since it occurs with a change in technology or the market reduces the demand for certain types of products and workers. Structural unemployment _____ is the condition that exists when someone can produce a good or service with a lower opportunity ...

Busi 22 Ch 2 Quiz, BUSI 22 Chapter 9 Quiz, BUSI 22 Ch 11 Quiz, BUSI 22 Ch 12 Quiz, BUSI 22 Ch 15 QuizWhich of the following is true of frictional unemployment? A.Frictional unemployment is when an industry closes and no longer needs certain types of employees. B.Frictional unemployment occurs during an economic downturn as employers lay off employees and hire them back once the demand for products and services increase. C.Frictional unemployment occurs when employers only have need for empl...

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

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...