Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Three friends, Tom, Jerry and Mary were having coffee in the GOSSIP CAFÉ and were discussing their job prospects.

Tom told his mates that he has just resigned from his current job because he worked long hours and did not have enough time to spend with his kids. He said he is looking for a new job with normal hours and family friendly policies.

Jerry, who was feeling a bit down, mentioned that after graduating with an Information Technology degree a year ago she still can't find a job because the economy is in a contractionary phase.

Mary joined in and said that since she moved to the countryside a year ago she still can't find a job because there are not many jobs available in that area.

To lighten the mood, Tom told them things will get better as the unemployment rate decreased last month by 0.2 percent to 5.9 percent. Mary did not share Tom's optimism and told them that the decrease in the unemployment rate is not good news because it was due to a fall in the participation rate.

a. Which type or category of unemployment best describes Tom, Jerry and Mary situation. Explain. 

b. Explain what Mary means when she said that the fall in last month's unemployment rate is not good news. 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M93120175
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Business Economics

Why is the labor demand for an individual firm in a

Why is the labor demand for an individual firm in a competitive industry more elastic than the labor demand for the entire industry?

Heightnbspinnbspinchesnbsp69nbsp67nbsp69nbsp71nbsp70nbsp72nb

Height in inches  69  67  69  71  70  72  Weight in lbs  164  161  189  192  184  198  a) Find the equation of the regression line with height as the explanatory variable and use the regression line to find the predicted ...

A different ethanol processing facility costs 800000 to

A different ethanol processing facility costs $800,000 to construct but will instead last forever. Every year (starting the year after construction), it produces 10,000 barrels of ethanol and can charge a price of $4 per ...

Youre trying to save to buy a new 190000 bmw 3 series

You're trying to save to buy a new $190,000 BMW 3 series sedan. You have $40,000 today that can be invested t your bank. The bank pays 4.8% annual interest on its accounts.  How long will it be before you have enough to ...

In a survey ofnbsp3153nbspadultsnbsp1407nbspsay they have

In a survey of 3153 adults, 1407 say they have started paying bills online in the last year. Construct a? 99% confidence interval for the population proportion. Interpret the results. A? 99% confidence interval for the p ...

Why are scattered plots necessary when investigating the

Why are scattered plots necessary when investigating the relationship between quantitative variables?

Chebyshevs theorem is used to approximate the proportion of

Chebyshev's theorem is used to approximate the proportion of observations for any data set, regardless of the shape of the distribution. Assume that a distribution has a mean of 255 and standard deviation of 20. Approxim ...

1 let z be a standard normal random variable with mean 0

1) Let Z be a standard normal random variable with mean = 0 and standard deviation = 1. Us the normal table to find the following answers. a) P(0 b) P(-1.22 c) Find the value Z 0  such that P(0 0 )= 0.4901. 2) On a typic ...

Consider the following cournot oligopolythere are two

Consider the following Cournot oligopoly: There are two identical firms in the industry, which set their quantities produced simultaneously. The two firms face a market demand curve, Q = 120 - P, in which Q = q1 + q2. Ea ...

Queusing appropriate diagrams explain the likely impact of

Que Using appropriate diagrams, explain the likely impact of President Trump's proposed protectionist policies on macroeconomic equilibrium in Australia and the USA in the short term and in the long term. Please provide ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As