FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose an economy has 10,000 people who are not working but looking and available for work and 90,000 people who are working. What is its

Suppose an economy has 10,000 people who are not working but looking and available for work and 90,000 people who are working. What is its unemployment rate?

Now suppose 4,000 of the people looking for work get discouraged and give up their searches. What happens to the unemployment rate? Would you interpret this as good news for the economy or bad news? Explain.

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_2

Step: 3

blur-text-image_3

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

Latin America's Economy Diversity, Trends, And Conflicts

Latin America's Economy Diversity, Trends, And Conflicts

Authors: Eliana Cardoso, Ann Helwege

1st Edition

0262531259, 9780262531252

More Books

Students also viewed these Economics questions

Question

★★★★★
Let [a, b] be a closed bounded interval, f : [a, b] R be bounded, and g : [a, b] R be continuous with g(a) = g(b) = 0. Let fn be a uniformly bounded sequence of functions on [a, b] (see Exercise...

Answered: 1 week ago

Question

★★★★★
Describe how a market-based perspective differs from that of elected officials and public administrators. AppendixLO1

Answered: 1 week ago

Question

★★★★★
We select (without replacement) two cards from a pack of 52 cards. The probability that the two cards selected belong to different suits is 3.4 (a) (b) / 51-52 34 39 (c) 51 (d) 31 (e) 51 51

Answered: 1 week ago

Question

★★★★★
Widgets are provided by a competitive constant-cost industry where each firm has fixed costs of $30. The following chart shows the industry-wide demand curve and the marginal cost curve of a typical...

Answered: 1 week ago

Question

★★★★★
Data for the next 8 questions: Dana Manufacturing Company uses a standard cost system for its single product, called Zoom. The following data are available for current year: Standards per unit of...

Answered: 1 week ago

Question

★★★★★
Aa Consider the case of Lost Pigeon Aviation: Lost Pigeon Aviation is a mature firm that has a stable flow of business. The following data was taken from its financial statements last year: Annual...

Answered: 1 week ago

Question

★★★★★
Question 2 List and describe 10 characteristics of a truly innovative organization. (Mark allocation 1 point for each characteristic and 1 mark for describing each characteristic). [15]

Answered: 1 week ago

Question

★★★★★
Your friend wants to start a new business and has hired you to help with the five-year financial forecast requested by the bank. How would you approach this project? What type of model would you use?...

Answered: 1 week ago

Question

★★★★★
Define digital transformation. How does digital transformation differ between the public and private sectors ? A

Answered: 1 week ago

Question

★★★★★
You plan to implement Teams Rooms systems for 40 meeting spaces with the core features of a Microsoft Teams Meeting Room. How many Microsoft Team Room Pro licenses do you need for this implementation?

Answered: 1 week ago

Question

★★★★★
Indicate how you intend to capture and sustain a healthcare service nicheand justify your preferred competitive service strategy.

Answered: 1 week ago

Question

★★★★★
Discuss labor unrest in China.

Answered: 1 week ago

Question

★★★★★
Explain union decertification.

Answered: 1 week ago

Question

★★★★★
Describe collective bargaining in the public sector.

Answered: 1 week ago

Previous Question Next Question