If the steady-state unemployment rate for an economy is 5% and each period 2% of employed workers lose their jobs, what percent of unemployed workers find employment each period?
A. 28%
B. 38%
C. 48%
D. 8%
E. 18%
Answer: B
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Assuming that the government can act immediately before the multiplier takes effect, then to offset an increase in investment by $1 billion, government purchases must be:
A. decreased by $2 billion. B. increased by $1 billion. C. decreased by $1 billion. D. decreased by $0.5 billion.
Which of the following statement is untrue?
A) assets equal liabilities plus net worth B) households and firms are lenders and borrowers in the flow of funds C) government regulation is the major cause of asymmetric information problems D) pension funds and insurance companies are financial intermediaries
Public sector unionization in the United States is currently closest to ________ percent.
A. 2 B. 8.2 C. 35 D. 23
The Brady Plan helped to end
A. the 1997 currency crisis. B. the 1980s debt crisis. C. the European debt crisis. D. the 1991 global recession.