Most spells of unemployment are short, and most unemployment observed at any given time is long term. How can this be?
Most unemployed people in the economy are unemployed for relatively short periods of time, while fewer people are unemployed for relatively long periods of time. If you were to total the weeks spent unemployed, most of those weeks would be accounted for by people who had been unemployed a long time.
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Short selling is the practice of borrowing stock then selling it with the expectation that its price will fall further so that it can be repurchased and the stock returned to the lender
The difference in the price sold initially and the price that it was subsequently purchased represents profits for short sellers. Discuss the risks taken by such individuals. What kind of risk profile do short sellers exhibit.
If goods are completely unrelated, their cross price elasticity will
A) be greater than one. B) be less than one. C) be equal to zero. D) be negative.
The development of game theory was the work of
A. Joan Robinson and Edward Chamberlin. B. John von Neumann and Oskar Morgenstern. C. Wassily Leontief and Joseph Schumpeter. D. John Maynard Keynes.
In Keynes's view, an excess quantity of money supplied causes people to:
A. sell bonds and the interest rate rises. B. buy bonds and the interest rate falls. C. buy bonds and the interest rate rises. D. increase speculative balances.