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Which of the following situations would be considered cyclical unemployment?
Choose one or more:
A. A college instructor's contract is not renewed, because more people are taking online classes and the college does not need as many classroom instructors.
B. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on by a weak economy.
C. A recent college graduate cannot find a job, despite excellent qualifications. The news media reports that there are not enough jobs to go around.
D. A typewriter repair shop closes, citing lack of business. The owner is quoted as saying, "We haven't had a customer in weeks. It has something to do with people using computers."
E. A friend wins the lottery and quits working. He says he will never work again.F. Another friend is taking a trip around the world while she waits for another job offer. She has been offered six jobs but has not accepted any of them.
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Explain why the AD curve has the slope you calculated as a result of the "wealth effect" and explain why the AS curve has the slope you calculated as a result of the "sticky price theory".
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Government is known to utilize a product's elasticity measures to set taxes and subsidies. Use this information to set policy on one of the following products: tobacco products, petroleum products, agriculture products, or medical products according ..
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List at least four sources of growth in the economy along with two examples of each source. Explain what it contains and why these sources are important.
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