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Part of the information released in the Employment Situation Summary concerns how long individuals have been unemployed. Go to www.bls.gov to find the lat- est report. Use the same technique as in Problem 1 to find the Employment Situation Summary. At the end of the Employment Situation, click on the table titled "Unemployed persons by duration of unemployment." Use the seasonally adjusted numbers to answer the following questions.
a. How many workers were unemployed less than 5 weeks?
b. What percentage of all unemployed workers do these workers represent? How do these numbers compare to the previous month's data?
c. How many workers were unemployed for 27 or more weeks? What percentage of all unemployed workers do these workers represent? How do these numbers compare to the previous month's data?
d. How long has the average worker been unemployed (aver- age duration, in weeks)? How does this compare to the average for the previous month's data?
e. Comparing the latest month for which there are data with the previous month, has the problem of long-term unem- ployment improved or deteriorated?
In order to derive an individual's demand curve for salmon, we would observe what happens to the utility-maximizing bundle when we changea. income and hold everything else constant. b. the price of a close substitute and hold everything else constan..
Suppose the supply curve for a good is completely inelastic. If the government imposed a price ceiling below the market-clearing level, would a deadweight loss result? Explain.
Being a rational consumer, at August prices Tony purchased 25 nuts. How many berries did he consume in August? What was the marginal rate of substitution at the optimal consumption bundle
What do economists believe is the relationship between the price level (P) and real output (Y) in the short run and in the long run, and how does this answer differ depending on which time frame is being considered How are these beliefs reflected ..
ohn and dave value national defense differently. johns demand for the public good is p 50 - .20q. daves demand for the
You are a business adviser for Alba and Gavigan. Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alter..
let us assume you and ten of your friends are going to open and invest in a business. you do not want to pay double
Is there scope for risk sharing between countries? Describe exactly how this might work. With which country should country A look to share risk?
prepare a report on determinant of demand for electronics in china - the report should including minimum the below
Internet domain names are linked to trademark issues. Technology makes it easy to copy and distribute music and movies without paying royalties. Business conducted on the internet raise security and privacy issues. What legal concerns are raised b..
Criticize the Areeda-Turner test on the basis
Assuming that all other factors remain unchanged, determine how a firm's breakeven point is affected by each of the following: A. The firm finds it necessary to reduce the price per unit because of increased foreign competition.
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