The model of the steady-state rate of unemployment assumes, Ask an Expert

Economics

The model of the steady-state rate of unemployment assumes that the size of the labor force is fixed. If the size of the labor force is allowed to vary:

1. Please tells me how the job-loss and job-finding processes will differ from the situation when the labor force is fixed.

2. How interpretations of changes in the unemployment rate will become less clear?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91410131

Have any Question?Write your Review or question?

Related Questions in Business Economics

1 you are lost on the mythy island in the summer when

1. You are lost on the Mythy Island in the summer, when tourists are two-thirds of the population. If you ask a tourist for direction the answer is correct with probability ¾; answers to repeated questions are independen ...

1 explain why fukayama thinks we are at the end of history

1. Explain why Fukayama thinks we are at the "end of history". How do you respond to his contention? 2. Explain what information a Lorenz curve gives you. How is this information summarized by a Gini coefficient. 3. Expl ...

Hey can someone give me super detailed answer as to why

Hey can someone give me super detailed answer as to why neoclassical economic theory could not have emerged prior to 1860s? Like I get that neoclassical economy focuses more heavily on mathematical part of economy but wh ...

Suppose that the forward rate f at 6 months between and

Suppose that the forward rate F at 6 months between $ and Euro is Euro = $1.2 The interest rate at six months in the Euro Area and in the USA is i Euro =3% i USA=2% What is the spot exchange rate? [x] a.Euro = $1.21 b.Eu ...

The number of times that a person contracts a cold in a

The number of times that a person contracts a cold in a given year is a Poisson random variable with parameter λ=6 . However a new drug has just been marketed that reduces the Poisson parameter to λ=3 for 35 % the popula ...

Based on a poll 60 of internet users are more careful about

Based on a? poll, 60?% of Internet users are more careful about personal information when using a public? Wi-Fi hotspot. What is the probability that among four randomly selected Internet? users, at least one is more car ...

Suppose that a b and c are events in a sample space s such

Suppose that A, B and C are events in a sample space S, such that: • A and B are equally likely; • C is four times as likely as B; • B and C are independent; • if either B or C occurs, then A cannot occur; • at least one ...

Red bull is the most popular energy drink in sales in the

Red Bull is the most popular energy drink in sales in the United States. Red Bull GmbH (the parent company) has observed that daily sales are normally distributed with an average of 6,329,903 drinks sold with a standard ...

Assume that the hypothetical economy of mo has 8 workers in

Assume that the hypothetical economy of Mo has 8 workers in year 1, each working 1,500 hours per year (50 weeks at 30 hours per week). The total input of labor is 12,000 hours. Productivity (average real output per hour ...

In a sample of 17 small candles the weight is found to be

In a sample of 17 small candles, the weight is found to be 3.72 ounces with a standard deviation of 0.963 ounces. What would be the 87% confidence interval for the size of the candles?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert