Reference no: EM13796454
1] When cyclical unemployment increases and other things remain the same, ______.
A) the amount of structural unemployment decreases
B) the amount of frictional unemployment increases
C) the natural unemployment radte does not change
D) the natural unemployment rate increases
2] Choose the incorrect statement
A) some job losers become unemployed, but some immediately withdraw from the labor force
B) Withdrawals move from employed to not in the labor force
C) people who voluntarily quit their jobs are colled job leavers.
D) Entrants are people who have just left school
3] The U.S. labor force participation rate ______.
A) Increases in recessions
B) Has an upward trend that is mainly accounted for by the increasing participation of men in the labor market
C) Is calculated as the percentage of the labor force who are employed
D) Increased mainly due to the increase in the number of women who have entered the labor force.
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Price elasticity of demand for protein powder
: Seth is a competitive body builder. He says he has ti have his 12 oz package of protein to " feed his muscles" every day. On the basis of this information, what can you conclude about his price elasticity of demand for protein powder?
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Receive less total revenue from the sale of gasoline
: A service station owner in Staten Island, NY, was worried that raising the price of gasoline would cause the quantity demanded to fall by so much that he would be in a worse situation than if he did not raise the price.
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What quantity does each firm produce
: Firms are competing in the DVD rental market, they have a symmetric inverse demand P=310-Q (N-firm model). Marginal cost for each is $30. What quantity does each firm produce? What profit does each firm receive?
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How much will the leader firm produce
: Two firms are competing for output. The leader firm knows the market demand to be P=1200-Q with the follower firm demand Q2=400-0.5Q1. Both marginal costs is $200. How much will the leader firm produce?
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When cyclical unemployment increases and other things remain
: When cyclical unemployment increases and other things remain the same, ______. The U.S. labor force participation rate ______.Withdrawals move from employed to not in the labor force. people who voluntarily quit their jobs are colled job leavers.
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Business cycle trough-cyclical unemployment
: When the unemployment rate is_____ than the natural unemployment rate, real GDP _______. At a business cycle trough, cyclical unemployment is ____ and at a business cycle peak, cyclical unemployment is _____.
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What is the market-clearing price for the monopolist
: Average revenue schedule of a simple monopolist is : What is the market-clearing price for the monopolist? How much will the monopolist produce? What is the net profit of the monopolist?
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Statistical demand equations for estimating consumer demand
: What warnings with you give forecasters in using statistical demand equations for estimating consumer demand? How can the problems associated with using static equations in a dynamic world best be dealt with? Elaborate
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Equation for the firms short run supply schedule
: The Short Run total cost curve of a firm in a hypothetical market is given by. What is the shut down price? What is the break-even point of the firm? What is the equation for the firm’s short run supply schedule?
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