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3 years ago

Discuss briefly how each of the following changes would affect the natural rate of unemployment.

Business

1 answer:

Mariana [72]3 years ago

4 0

Answer:

a. Schools operate for the full year, so no students are looking for summer work.

This will cause that the total labor force decreases, so the natural rate of unemployment will decrease. The natural rate of unemployment includes only structural and frictional unemployment. Since no students will look for summer jobs, then frictional unemployment will decrease, therefore, total natural unemployment will decrease also.

b. The Internet lists all the jobs available in the whole country, so it is easier for job seekers to locate potential jobs.

This will help to decrease structural unemployment which will in turn decrease the natural rate of unemployment. Structural unemployment happens when an unemployed individual cannot find a job that fits his/her skills. Internet job postings will make it easier for unemployed people to find jobs that match their skills.

c. People who quit their jobs are drafted into low-wage community-service jobs.

This should reduce frictional unemployment (which reduces the natural rate of unemployment), since frictional unemployment is made up of people that quit their jobs in order to search a better job or are looking for their first job ever. If people realize that quitting their current jobs will result in them being drafted into low wage jobs, less people will quit their jobs. This doesn't mean that they will stop searching for a better, it means that they will continue searching for a better while still employed.

d. In addition to unemployment insurance, the unemployed receive a bonus for finding new jobs; the bonus is greater if the job is found in the first few weeks of search and declines with the duration of search.

This should motivate people to get any available job as quick as possible. Sometimes a person that is fired will not accept possible jobs because they consider that they can get a better job, so they decide to wait until they get the job that they want. If a bonus is given, a lot of people will be motivated to accept any new job that they can find as long as it allows them to collect the bonus. This doesn't mean that they will quit looking for their dram job or the job that they deserve, it means that they will be working while doing so. This should decrease the natural rate of unemployment.

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rodikova [14]

Answer:

If Division X refuses to accept the $19 price internally and Division Y continues to buy from the outside supplier, the company as a whole will be:_________.

c. worse off by $28,600 each period.

Explanation:

The $28,600 loss the company incurs is from the lost contribution that Division Y's purchase of Division X's parts could have brought to the company if it buys parts inhouse. This is calculated as follows:

Division X's variable cost per unit = $17

Division X's selling price to outside customers = $23

Division Y's offered buying price = $19

The contribution = $2 ($19 - $17)

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3 years ago

In the neoclassical model, the as curve shifts to the right over time as_______________________ and potential gdp expands.

Zepler [3.9K]

In the neoclassical model, the as curve shifts to the right over time as productivity increases and potential GDP expands.

Potential GDP is the theoretical component where labor and capital are at the highest sustainable rates (i.e. H. at rates consistent with steady growth and steady inflation.

Potential is the maximum ideal output of an economy with a high GDP and maintaining currency and product price stability. Gross Domestic Product (GDP) is the amount of output that an economy could produce given a constant rate of inflation, but the price of rising inflation causes an economy to temporarily produce above its potential level of production. maybe performed.

Learn more about potential GDP here: brainly.com/question/13824314

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1 year ago

Simple difinition of organized

svp [43]

Answer:

Make arrangements or preparations for (an event or activity)

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3 years ago

The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 4 Sold 10 units 10 Purchased 30 units at $20 1

SSSSS [86.1K]

Answer:

cost of goods sold = $580

Explanation:

The cost of the goods sold means the cost price of the total sales volume. As the company uses FIFO (First-in, First-out) method and also uses the perpetual inventory system, the cost of goods sold =

Cost of goods sold =

20 units × $19 = $380 (The price is from November 1)

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3 years ago

Cullumber Company has the following balances in selected accounts on December 31, 2020.

wolverine [178]

Answer and Explanation:

The adjusting entries are shown below:

1. Interest expense [$11,400 × 9% × 4 ÷ 12] $342

To Interest payable $342

(being accrued interest expense is recorded)

2. Supplies expense [$2,200 - $820] $1,380

To Supplies $1,380

[Being supplies expense is recorded]

3. Depreciation expense $1,200

To Accumulated depreciation-Equipment $1,200

[Being depreciation expense is recorded]

4 Insurance expense [$3,960 × 7 ÷ 12] $2,310

To Prepaid insurance $2,310

[being insurance expense is recorded]

5 Unearned service revenue $7,000

To Service revenue $7,000

[Being revenue from unearned is recorded]

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To Service revenue $4,200

[Being accrued service revenue is recorded]

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To Salaries payable $3,240

[being accrued salaries expense is recorded]

4 0

3 years ago