Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello can someone to explain to me how to solve this: The figure on the right shows the average monthly flows (in millions) between employment,

Hello can someone to explain to me how to solve this:

image text in transcribed
The figure on the right shows the average monthly flows (in millions) between employment, unemployment, and non-participation for a hypothetical economy. According to the figure, the proportion of unemployed workers finding jobs in an average month is 39.7 %. (Round your response to one decimal place.) Employment U.S. data covering the 1996-2014 period show that the proportion of unemployed 134.0 million workers finding jobs has 1.7 2.6 O A. an indeterminate relationship with the unemployment rate. /2.7 3.2 O B. a weak inverse relationship with the unemployment rate. O C. a strong positive relationship with the unemployment rate. 2.6 Out of the D. a strong inverse relationship with the unemployment rate. Unemployment labor force 6.8 million 3.0 91.9 million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Stats Data And Models

Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock

4th Edition

321986490, 978-0321989970, 032198997X, 978-0321986498

Students also viewed these Economics questions

Question

Who do you consider family?

Answered: 1 week ago