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Paladinen [302]
3 years ago
7

In March 2007March 2007​, the U.S. unemployment rate was 4.44.4 percent. In August 2008 August 2008​, the unemployment rate was

6.16.1 percent. Predict what happened to unemployment between March 2007March 2007 and August 2008 August 2008​, if the labor force was constan
Business
1 answer:
eimsori [14]3 years ago
7 0

Answer:

A Recession happened.

Explanation:

When the market sees a recession we see an increase in the unemployment rate due to cyclical unemployment whenever there in a business cycle even though the labor force was constant but in a recession companies face a lot of costs which become higher than their revenue so for example when there is a recession the cost of producing 1 more unit is actually higher than the revenue a firm gets from producing that 1 unit because marginal cost increases at a decreasing rate so they have to lay off people at a firm on that unit of production to maximize revenues.

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"Americans in this decade are less likely than in the prior decade to say they want to lose weight, with the average dropping fr
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Lois has a balance of $970 on a credit card with an APR of 24.2%, compounded monthly. About how much will she save in interest o
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Answer:

Lois will save $152.51 when she wil transfer her balance.

Explanation:

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P_1^{'}=P*(1+r_1)^t\\P_1^{'}=970*(1+\dfrac{24.2}{12}\%)^{12}\\P_1^{'}=970*(1.0207)^{12}\\P_1^{'}=970*1.2707\\P_1^{'}=\$1232.61

Similarly for the second one the values are calculated as

P_2^{'}=P*(1+r_2)^t\\P_2^{'}=970*(1+\dfrac{10.8}{12}\%)^{12}\\P_2^{'}=970*(1.108)^{12}\\P_2^{'}=970*1.1135\\P_2^{'}=\$1080.10

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P_1'-P_2'=1232.61-1080.10\\Difference=\$ 152.51

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