Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 11 [2 points} ______ unemployment occurs due to a mismatch between the jobs that are available and the skills of workers seeking jobs. 0

image text in transcribed
Question 11 [2 points} ______ unemployment occurs due to a mismatch between the jobs that are available and the skills of workers seeking jobs. 0 Structural O Cyclical O Frictional 0 Voluntary Question 12 [2 points} At full employment the unemployment rate equals the O cyclical unemployment rate. 0 structural unemployment rate. 0 structural unemployment rate plus the cyclical unemployment rate. 0 structural unemployment rate plus the frictional unemployment rate. Question 13 [2 points} Business cycles are 0 movements in stock prices. 0 the transfer of executives between firms. 0 used to describe fluctuations in GDP. 0 a description of the time required to bring a new product to market. Question 14 [2 points} Economists consider an economy to be at I'full employment" when 0 the unemployment rate equals the natural rate of unemployment. 0 there is only a small amount of cyclical unemployment. 0 there is no frictional unemployment. 0 there is no structural unemployment. Question 15 [2 points} Economists define the labor force to include 0 only people who are working full time. 0 people who are working. 0 people who are not working but are actively looking for a job, and people who are working. 0 all individuals of work ager regardless of whether they are working or looking for a job

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

Quality Of The Environment An Economic Approach To Some Problems In Using Land, Water, And Air

Authors: Orris C Herfindahl, Allen V Kneese

1st Edition

1317386663, 9781317386667

More Books

Students also viewed these Economics questions

Question

What is one of the skills required for independent learning?Explain

Answered: 1 week ago