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Answer the following questions using the information provided in this chapter.
a. As a percentage of the employed workers, what is the size of the flows into and out of employment (i.e., hires and separations) each month?
b. As a percentage of the unemployed workers, what is the size of the flows from unemployment into employment each month?
c. As a percentage of the unemployed, what is the size of the total flows out of unemployment each month? What is the average duration of unemployment?
d. As a percentage of the labor force, what is the size of the total flows into and out of the labor force each month?
e. In the text we say that there is an average of 400,000 new workers entering the labor force each month. What percentage of total flows into the labor force do new workers entering the labor force constitute?
January 31, 20X5: As a result of reduced sales, production was curtailed in midJanuary and some workers were laid off. On February 5, 20X5, all the remaining workers went on strike. To date the strike is unsettled.
One day, Barry the Barber, Inc., collects $400 for haircuts. Over this day, his equipment depreciates in value by $50. Of the remaining $350, Barry sends $30 to the government in sales taxes, takes home $220 in wages
The director of a nonprofit foundation that sponsors 8-week summer institutes for graduate students analyzed the costs and expected revenues for the next summer institute and recommended that the session be canceled. In her analysis she included a..
Does the PPC illustrate the law of increasing additional cost What is the opportunity cost to this student for the additional amount of study time on economics required to mover her grade from 60 to 70 From 90 to 100
Many retirement funds charge and administrative fee equal to 0.25% on managed assets. Suppose that Alexx and Spenser each invest $5,000 in the same stock this year. Alexx invests directly and earns 5% a year. Spenser uses a retirement fund and ear..
Suppose that market demand is given by P = 260 - 2Q and that firms again have a constant marginal cost of 20, while incurring no fixed cost, but now assume that the firms are Bertrand competitors and have unlimited capacity.a. What is the one-peri..
In confirming a client's accounts receivable, what characteristics should be present in the accounts if the auditor is to use negative confirmations?
Is demand elastic or inelastic in this price range?
The required reserve ratio is 0.25. What are the required reserves on this new deposit What is the largest loan that the bank can make on the basis of the new deposit If the bank chooses to hold reserves of $3,000 on the new deposit,
A researcher estimated that the price elasticity of demand for automobiles in the U.S. is -1.2, while the income elasticity off demand is 3.0. Next year, U.S. automakers intend to increase the average price of automobiles by 5 percent, and they ex..
A $200,000 gift has been received by Harvard to support in perpetuity an annual professional ethics lecture series from its earnings. The administration says they should expect to earn 6% for the first 10 years, but being conservative.
Prudential Realty has an escrow account for one of its property management clients that currently contains $20,000. How long will it take to deplete the account if the clients withdraws $5000 now, $4500 one year from now,and amounts decreasing by ..
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