Explain why the three (3) goals of macroeconomics are relevant. Explain (give an example for each) cyclical, frictional, and structural unemployment? Discuss two criticisms of the consumer price index (CPI)
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Q: discuss two types of unemployment and provide a relevent example for each
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Q: What type of unemployment does each of the following represent? Explain your answers. Q.6.1 Workers…
A: Hello, thank you for the question. Since there are multiple subpart questions posted here, only the…
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Q: Which of the items below would likely contribute significantly to cyclical unemployment?
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Q: For the following scenarios, choose from the following types of unemployment: Frictional, Cyclical,…
A: Unemployment: - unemployment is that portion of the labor force that is able to do work and looking…
Q: Classify the following scenarios as examples of frictional, structural, or cyclical unemployment,…
A: PLEASE FIND THE ANSWER BELOW.
Explain why the three (3) goals of
Explain (give an example for each) cyclical, frictional, and structural
Discuss two criticisms of the
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- One of the Saretec's students is Amanda Shayi, previously an Eskom electrical technician who is completing the seven-month Saretec course to upgrade her skills, to become a wind turbine service technician, thus, maintaining the continuity of power." From the following alternatives, what type of unemployment is applicable, and what type of policy, from which side, is being applied to tackle the unemployment problem caused by the decommissioning of the coal-fired power stations?One application of structural unemployment is to a mismatch of skills: employers search for workers with one set of skills, and workers have another set of skills. Explain how this mismatch leads to unemployment in the short run but not in the long run.From the Hysteresis theory, a long period of high unemployment, can increase the natural rate of unemployment. Which of the 3 types of unemployment that are part of the natural rate of unemployment you think is affected the most by long periods of high unemployment? What are some solutions you would propose to solve the problems caused by the Hysteresis theory?
- Based on your understanding of the labor market model presented by the wage setting and price setting relations, explain what types of policies could be implemented to cause a reduction in the natural rate of unemployment. This is one of the questions from the Macroeconomics assignment. Thanks in advance :)Unemployment rates are spread evenly over segments of the population in different education categories. Asses the validity of this statement. True, unemloyment is a macroeconomic phenomenon affecting all of us equally False, higher levels of education are associated with lower unemployment rates as well as higher wages True, unemployment even influences highly educated and skilled workers as jobs become automated False, individuals without specialized skills can find jobs more easily since they can perform general tasks that are needed in many sectors.macroeconomics Q1: Saudi Arabia’s Ministry of Human Resources recently announced an increase to the monthly minimum wage from 3000 SAR to 4000 SAR for full-time Saudi workers in April 2021, and introduced a Labor Reform Initiative (LRI) scheduled to take effect on 14th March 2021. Discuss the implications of the above topic. Will this impact unemployment in the country? How?
- For the following scenarios, choose from the following types of unemployment: Frictional, Cyclical, or Structural. Joe is looking for work as a machinist after his and most other machinist jobs were eliminated and replaced by computer-operated machines. What type of unemployment is Joe experiencing? Tired of the same job, day-in, and day-out, Delores quit her job and is looking for more challenging work. George was laid off by his trucking firm because of a recession.What type of unemployment does each of the following represent? Explain your answers. Q1. Workers at a clothing factory lose their jobs when the firm relocates to another province. Q2. Workers at a factory making floppy disks lose their jobs when the firm goes under due to competition from USB’s.Which of the following statements is TRUE? a. Over the business cycle, the economy's level of output and its unemployment rate move in opposite directions. b. During recessions, the unemployment rate typically falls. c. During expansions, aggregate output typically declines. d. Because unemployment is a microeconomic variable, it does not have any correlation with the business cycle.