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Brilliant_brown [7]
3 years ago
10

The FOMC believed in November 1994 that the target rate of unemployment was 6.25%. Given the official civilian unemployment rate

of 5.6% at that point in time, what type of unemployment did the FOMC believe existed in the U.S. economy at that point in time?
Business
1 answer:
zmey [24]3 years ago
3 0

Answer:

The type of unemployment that FOMC believe existed at that point in time is FRICTIONAL UNEMPLOYMENT. This is because people were trying to change jobs in search for better payments or a job that more precisely matches their skills, or because of a change in locale or family situation.

Frictional unemployment and other types of unemployment are explained below.

Explanation:

Frictional Unemployment

Frictional unemployment is always present in the economy. It comes from temporary transitions that workers make when moving from job to job looking for better pay or a job that more precisely matches their skills, or because of a change in locale or family situation. It is also a reflection of new or returning workers into the labor force (e.g., graduating college students or empty nesters rejoining the marketplace).

Frictional unemployment may also be the result of employers refraining from hiring or laying off workers for reasons unrelated to the economy.

Structural Unemployment

Structural unemployment is created when there is a mismatch in the demographic or industrial composition of a local economy. For example, structural unemployment can be high in a place where there are technically advanced jobs available but the workers in that area lack the skills to perform them, or conversely, in a locale where there are workers available but no jobs for them to fill.

Advances in new technologies can cause a decline in older industries, which then must shed workers to stay competitive. One example is the U.S. newspaper industry. Many newspaper reporters, editors and production workers have lost their jobs over the past decade as web-based advertising eclipsed newspapers’ traditional sources of revenue and circulation waned as more consumers got their news from television and the Internet. Laid-off journalists, printers, deliverers, etc., all increased the structural unemployment numbers.

Another example is small family farmers, whose farms cannot match the economic power of wealthy agri-businesses. Scores of farmers left the land and entered the workforce. When they fail to find jobs, they add to the structural unemployment statistics, as do factory workers whose employers have moved operations to low-wage countries.

Cyclical Unemployment

Cyclical unemployment occurs when there is not enough demand for goods and services in the economy at large to provide jobs for everyone who wants one. According to Keynesian economics, it is a natural result of the boom and bust business cycles implicit in the nature of capitalism. When businesses contract during a recessionary cycle, workers are let go and unemployment rises.

When unemployed consumers have less money to spend on goods and services, businesses must contract even further, causing more layoffs and more unemployment. The cycle continues to spiral downward unless and until the situation is improved by outside forces, particularly government intervention of some kind.

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Lawsuits related to performance management usually involve charges of discrimination or:____.
7nadin3 [17]

Lawsuits related to performance management usually involve charges of discrimination or<u> unjust dismissal</u>.

Discrimination is the unfair discrimination of people based on the group, class, or other categories to which they belong or are perceived to belong. People may be discriminated against based on race, gender, age, religion, disability, sexual orientation, or other categories.

Discrimination is particularly the discriminatory treatment of individuals or groups over other privileges available to members of another group because of their actual or perceived affiliation with a particular group or social category. are treated unfairly and poorly.

Learn more about Discrimination here: brainly.com/question/1084594

#SPJ4

3 0
2 years ago
a. Create the most efficient way to move products from producer to consumer b. Create a network of suppliers, intermediaries and
schepotkina [342]

Answer:

a. producers-wholesalers-retailers-consume

b.

Explanation:

it is easy to cut cost of transport, storage ,etc

8 0
2 years ago
For a normal good, if the price of a substitute good decreases then:
geniusboy [140]

Answer:

(B) the demand curve shifts leftward while the supply curve stays the same.

Explanation:

"Substitutes are goods where you can consume one in place of the other. The prices of complementary or substitute goods also shift the demand curve. When the price of a good that complements a good decreases, then the quantity demanded of one increases and the demand for the other increases. When the price of a substitute good decreases, the quantity demanded for that good increases, but the demand for the good that it is being substituted for decreases. "

Reference: Khan Academy. “Price of Related Products and Demand.” Khan Academy, Khan Academy, 2019

8 0
3 years ago
Lang Warehouses borrowed $196,401 from a bank and signed a note requiring 7 annual payments of $33,942 beginning one year from t
Snezhnost [94]

Answer:

5%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

The interest rate implicit in the agreement can be determined by finding the internal rate of return.

Cash flow in year 0 =  $-196,401

Cash flow each year from year 1 to 7 = $33,942

IRR = 5%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

5 0
2 years ago
On January 1, 2018, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truc
Archy [21]

Answer:

The amount of loss should Jacob Inc. record on December 31, 2019 is $38,000

Explanation:

Truck Value =  $48,000

Annual depreciation =   ( $48,000 -   $8,000) / 8 = $40,000 / 8= $5,000

First year (2018) = $40,000 - $5,000 =  $35,000

Second year (2019) = $35,000 - $5,000 =  $30,000

Loss  = Truck Value (actual) + estimated residual value=  $30,000 + $8,000 = $38,000

6 0
3 years ago
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