Our natural unemployment rate is most closely related to
A. frictional unemployment.
B. seasonal unemployment.
C. structural unemployment.
D. full employment.
D. full employment.
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Refer to the above figure. Excess quantity supplied will exist when
A) the price equals $10. B) quantity demanded equals 3. C) the price equals $6. D) the price is between $0 and $6.
If the number of unemployed workers is 19 million, the number in the working-age population is 500 million, and the unemployment rate is 4%, what is the labor force participation rate?
A) 4.75% B) 7.8% C) 95% D) 96.2%
Which of the following was never a labor union?
a. American Federation of Labor b. Labor Relations Board c. Congress for Industrial Organization d. Knights of Labor
Assume Brandon's benefit function for water is S(W) = ?W and he consumes water both in droughts, WD, or in the rainy season, WR. Assume his current consumption bundle is WD = 36 and WR = 25 and the probability of drought is 0.75. Brandon's certainty equivalent is:
A. 45.75 units of water. B. 33.06 units of water. C. 30.5 units of water. D. 61 units of water.