Homework Answers
I would say the education industry. The cyclical unemployment occurs due to the business cycle fluctuations in the economy. In times of recession the personal consumption spending would fall and this leads to a fall in aggregate demand so when the aggregate demand falls real GDP decrease. The firms will accumulate inventories so they lay off the workers. No one would ever stop going to college due to the recession. The education industrty is least likely to suffer from cyclical unemployment.
Ans: Education.
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How does that rate compare with the rate in the previous month?
2. What were the unemployment rates for adult women, teenagers,
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Consider the monthly data, including the estimates for March
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U.S. economy for the next few months?
a.
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Based on the Employment Situation Summary
below, answer the following questions:
1. What month (and year) is summarized?
What was the unemployment rate for that month?
How does that rate compare with the rate in the previous month?
2. What were the unemployment rates for adult women, teenagers,
blacks, hispanics, and whites?
How did these rates compare with those a month earlier?
3. What factors make it difficult to determine the unemployment
rate?
4. Why is unemployment an economic problem?...
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THUMBS UP ? ? ? ? ? for correct answer.
17
QUESTION 13 A competitive market economy is unlikely to provide an efficient quantity of some public goods because: the technology involved in the production of public goods makes it difficult for private firms to produce them even though, once produced, they could be marketed efficiently. Ob.only the government has the vast resources necessary to produce public goods. C. private production of public goods generally results in a large amount...
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QUESTION 10
Consider the monthly data, including the estimates for March
2020, and the information in the articles. Which of the following
is the best analysis of and prediction for the money market in the
U.S. economy for the next few months?
a.
Shortages are causing panic buying by households, which has
increased money demand. Lenders are increasing their lending to
keep up with the needs of households and businesses. Money demand
is increasing more than money supply.
b.
Shortages...
Please help me answer theses practice questions
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