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lakkis [162]
3 years ago
12

If the economy is experiencing less than full-employment, what does it imply?

Business
2 answers:
spayn [35]3 years ago
5 0

Answer:

Experiencing less than full employment means not all able bodies searching for jobs have all been employed

Explanation:

This implies that the economy has a percentage of its workforce unemployed.

Unemployment can result from the following:

Structural or technological unemployment is when people are unemployed because they do not have the necessary skills with which they can secure paid jobs.

Cyclical unemployment is caused a deficient demand in the economy stemming from a low aggregate demand, where government can increase its spending so as to boost the level of production in the economy and also boost aggregate demand in return.

Frictional unemployment is caused lack of precise job market information.

Real wage rate unemployment applies to industries that are heavily unionized , where unemployment is caused unions setting minimum wage above what employers can afford.

a_sh-v [17]3 years ago
4 0

Answer:

It implies that the economy is in recession. Less than full employment equilibrium is a macroeconomic term used to describe a situation where an economy's short-run real gross domestic product (GDP) is lower than that same economy's long-run potential real GDP

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2 years ago
Assume the firms operating in an oligopolistic market experience a relatively small change in marginal costs. According to the k
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Answer:

B) Leave the equilibrium price unchanged.

Explanation:

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A large multinational organization formed from mergers and acquisitions experienced a lot of disruptive behaviors at all levels.
scZoUnD [109]

Answer:

Option a                            

Explanation:

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Such kind of behavior is needed in large organisations where the number of employees working is very high and different individuals have different goals for themselves. Thus, from the above we can conclude that the correct option is A.

3 0
3 years ago
When organizing your report, what should you remember? check all that apply. identify the topic of the report in the closing. fo
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With its current levels of input use, a firm's MRTS is 1/3 (when capital is on the vertical axis and labor is on the horizontal
bixtya [17]

Answer: A. the firm could produce 3 more units of output if it increased its use of capital by one unit (holding labor constant).

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The Marginal Rate of Technical Substitution(MRTS) is calculated as follows:

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