Answer: 1. 12. 2. 1.090. 3. 0.08327
Explanation:
Here is the complete question:
friend and fellow student shares her employment experience over the last 12-week summer break. It took her one full week to find a job. She started on the first day of week two and was able to keep her job for the remaining eleven weeks. Use this information to answer the following three questions, assuming the unemployment rate is not changing:
1. Calculate the rate of job finding (f) for the summer, using an average rate per week. Enter this value in the box below. Note that if f is the rate of job finding, then the average spell of unemployment is (1/f).
The value of f is:
2. Calculate the rate of job separation (s), using an average rate per week. Enter this value into the box below. Note that if s is the rate of job separation, then the average length of employment is (1/s).
The value of s is:
3. Calculate the natural rate of unemployment (U) using the above results and enter this value in the box below.
The natural rate of unemployment (in percent) is
1. From the question, we can see that it was said that took her one full week to get a job over the last 12 week summer break. The unemployment rate will be 12.
The value of f is: 12
2. From the question, the average length of the employment is 11/12 weeks. The rate of job separation will be: s = 12weeks ÷ 11 weeks
s = 1.090
The value of s is: 1.090
3. The natural rate of unemployment will be:
U = s/(s+f)
= 1.090/(1.090 + 12)
= 1.090/13.090
= 0.08327
Answer:
C)
Explanation:
When a bill is paid using the Pay Bills window, QuickBooks records a journal entry that Credits Checking account, Debits Accounts Payable. Meaning that it records a withdrawal (Credit) from your own checking account that was used to pay the bill, while simultaneously records a deposit (Debit) on the account that was just paid through the bill.
A circular flow economy includes buying and selling between businesses, households, and governments.
The government takes money in through taxes and tariffs, and has expenditures on things like roads, military spending, and other federally funded programs. In this way the government both gives and takes in the economy.
Answer:
market outcome is inefficient
Explanation:
This means that the market outcome is inefficient.
Since people usually exploit gains for the trade.
These are principles of individuals, The above statement further means market failure and individual pursuit self interest found in the market make the society worse off.
Answer:
c. can require Jim to specifically perform the contract.
Explanation:
Specific performance is a remedy used in contract law by which the non-breaching party requires a court to order that the breaching party fulfills the performance included in a valid contract.
In this case, Oleta can request a court order that forces Jim to sell the lava lamp to her at the price specified in the contract.
