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Dmitriy789 [7]
3 years ago
13

Frictional unemployment is thought to explain relatively A. long spells of unemployment, as is structural unemployment. B. short

spells of unemployment, while structural unemployment is thought to explain relatively long spells of unemployment. C. short spells of unemployment, as is structural unemployment. D. long spells of unemployment, while structural unemployment is thought to explain relatively short spells of unemployment.
Business
1 answer:
Anit [1.1K]3 years ago
6 0

Answer:

The correct answer is B. short spells of unemployment, while structural unemployment is thought to explain relatively long spells of unemployment.  

Explanation:

Frictional unemployment has to do with the outcome of the transitions that happen in the economy. It is not rare to see that Frictional unemployment also in economies that are growing and stable. People who have to quit their jobs or new workers entering the workforce both of them gives frictional unemployment.

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Suppose General Electric paid its line workers $12 per hour in 2015 when the Consumer Price Index was 100. Suppose that deflatio
Elena-2011 [213]

Answer:

(a) N = 10.08

(b) N = 10.89

(c) 19.05

Explanation:

(a)

Real\ wage=\frac{Nominal\ wage}{CPI\ in\ the\ given\ year}\times CPI\ in\ the\ base\ year

12=\frac{N}{84}\times 100

N = 10.08

(b)

Real\ wage=\frac{Nominal\ wage}{CPI\ in\ the\ given\ year}\times CPI\ in\ the\ base\ year

12\times1.08=\frac{N}{84}\times 100

N = 10.89

One thing to observe here is that percentage increase in the real wage is always equal to the percentage increase in nominal wage. Same can be verified with different values.

(c) It's given that the real wage is kept at $ 12 which was the same in the last year as well.

So % increase would be zero.

However, if that $ 12 is considered as a Nominal wage in the current year,then,

Percentage increase=\frac{12-10.08}{10.08}\times100

=\frac{192}{10.08}

= 19.05

7 0
3 years ago
A code that governs our behaviors in any certain situation is known as our code of what?
MAVERICK [17]
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8 0
3 years ago
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Item 15Item 15If Beck's Bicycles, Inc.'s income statement shows gross profit of $350 million, with operating expenses of $120 mi
Alinara [238K]

Answer:

$161 million

Explanation:

Given that,

Gross profit = $350 million

Operating expenses = $120 million

Tax rate = 30%

First, we need to find out the income before taxes by subtracting operating expenses from the gross profit then we are able to determine net income after taxes.

Income before tax:

= Gross profit - Operating expenses

= $350 million - $120 million

= $230 million

Net income after taxes:

= Income before tax - Taxes

= $230 million - (0.30 × $230 million)

= $230 million - $69 million

= $161 million

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3 years ago
Scientists are expected to submit their results to professional journals, which then send the findings to experts for evaluation
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3 years ago
Saturday afternoon you can either attend a street festival, work and earn $100, or study for your midterm exam. You flip a coin
Alik [6]

Answer:

The opportunity cost of the time spent studying includes: 2) the benefit that could have been received at the street festival

Explanation:

The cost of opportunity is the alternative that you sacrifice when you choose an option.  It represent the <u>benefits that you misses out</u> on when choosing one alternative over another.  

In this case,  the cost of opportunity is the  benefit that could have been received at the street festival,  because that is the option you leave behind.

Earning a high score on your midterm is the product of your decision

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