Calculate the natural unemployment rate

Assignment Help Business Economics
Reference no: EM131395936

In a country with a working-age population of 22 million, 16 million are employed, 2 million are unemployed, and 1 million of the employed are working part-time, half of whom wish to work full-time. If 500,000 of those unemployed are cyclically unemployed, what is the natural unemployment rate?

Details please must be included. What is the law to calculate the natural unemployment rate?

Reference no: EM131395936

Questions Cloud

Construct a definition by subclass for vehicle : Construct a definition by subclass for the following terms by naming three subclasses of the class the term denotes. Then find a non-synonymous term that these subclasses serve equally well to define.
Special obligations with important social consequences : Marcel Mauss argued that there is no such thing as a "free gift." Once given, the gift sets in motion special obligations with important social consequences. Describe and discuss the three obligations of the gift. Be sure to mention any social imp..
Construct complete definition by subclass for quadrilateral : The following exercises involve constructing definitions:- Construct a complete definition by subclass for the following terms:- quadrilateral and circulating American coin.
Write brief summary of where your research stands at present : Summary: Brief summary (around 250 words) of where your research stands at present. Identify:Parts of the process that you feel you've made substantial progress on Major tasks or obstacles that still lie ahead Any other thoughts and reflections at th..
Calculate the natural unemployment rate : If 500,000 of those unemployed are cyclically unemployed, what is the natural unemployment rate? Details please must be included. What is the law to calculate the natural unemployment rate?
Develop cost curves on which firm behavior : Students will develop cost curves on which firm behavior is based and will utilize these cost curves to determine the behavior of their chosen organization in the market served.
Construct synonymous definitions for intersection and fabric : The following exercises involve constructing definitions:- Construct synonymous definitions for the following terms:- intersection- fabric- nucleus.
Difference in the set of variables : Would there be any difference in the set of variables used in a regression model of the demand for consumers durable goods ( automobiles, appliances, furniture) and a regression model of the demand for "fast- moving consumer goods" ( e.g. , food b..
What is the hotkey to quickly switch between windows : What is the hotkey to quickly switch between windows? In what manner are file and folder organized on computer? What is the "directory" you are saving this word document in? What are some common file extensions for images?

Reviews

Write a Review

Business Economics Questions & Answers

  Suppose an individual buyer values a pound of butter

Suppose an individual buyer values a pound of butter at $10. If the market price of butter is $8, what is the consumer surplus for this item?

  Economy is recovering from the recession

Senator Snodgrass says, “You economists say the economy is recovering from the recession but corporations are sitting on piles of cash and the unemployment rate is not declining. If the economy is really getting better, why aren’t more people getting..

  Arizona is considering a new waste disposal system

A city government in Arizona is considering a new waste disposal system. It has two options. Option A needs an outlay of $500,000 and requires O&M costs of $50,000 annually

  Illustrates what each nation can produce

Suppose the USA and Canada are considering to trade. Assume there are only two goods in the economy: wheat and corn. The table below illustrates what each nation can produce in a given year.

  Compare two methods of monopoly regulation

Compare two methods of monopoly regulation. Discuss the pros and cons of two monopoly regulation methods and evaluate their effectiveness: Which regulation method is the most effective? Why? Which regulation method fits and exemplifies the two regula..

  Q db - does microsoft have a monopoly over operating

q. db - does microsoft have a monopoly over operating systems?former dean of the sloan school of management at

  Elucidate what money supply should the fed set

What will happen to nominal GDP and the price level next year if the Fed keeps the money supply constant. Elucidate what money supply should the Fed set in year 2009 if it wants to keep the price level stable.

  Consider three groups of social security participants

Consider three groups of Social Security participants – single persons, one-earner couples, and two-earner couples. Discuss the distributional consequences on each of these groups of the implementation of the following Social Security system changes...

  What will be the equilibrium output of the industry

Consider a competitive industry with a large number of firms, all of which have identical cost functions c(y) = y^2+ 1 for y > 0 and c(0) = 0. Suppose that initially the demand curve for this industry is given by D(p) = 52 − p. What is the supply cur..

  What characteristics of the industry make it a monopoly

Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly. What characteristics of the industry make it a monopoly? What is the impact of the monopoly power on its customers?

  Find the us international trade policies

Research where you would find the U.S. international trade policies and their history as they apply to various industries.

  Demand is elastic-inelastic or unit-elastic over price range

Suppose that the total revenue received by a company selling basketballs is $840 when the price is set at $15 per basketball and $840 when the price is set at $10 per basketball. Without using the midpoint formula, can you tell whether demand is elas..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd