Structural disequilibrium in BOP does not occur due to Select one: Change in Income Change in Fashion Recession Change in Taste All the answers are correct
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Structural disequilibrium in BOP does not occur due to
Select one:
- Change in Income
- Change in Fashion
- Recession
- Change in Taste
- All the answers are correct
Step by step
Solved in 2 steps
- There are many workers became jobless for a long term because of the recession resulted from COVID 19 pandemic. This is called Frictional Structural CyclicalDefine deflation method of analysisAlthough the unemployment rate is not a perfect measure (failing to account for potential increases in discouraged or underemployed workers), it remains a key indicator of a nation’s economic health. While Germany now enjoys a healthy unemployment rate of only 3.6% as of December 2017, the labor market has not always been booming in this European country. For example, as recently as 2005, German unemployment accounted for nearly 10% of the labor force. There are many factors that contributed to the turnaround of Germany’s labor market over the last decade, including wage decentralization and increased competitiveness according to an article from the Harvard Business Review (Alexandra Spitz-Oener, “The Real Reason the German Labor Market Is Booming,” March 13, 2017). However, one of the most well-known policy changes of the early 21st century was the Hartz reforms, which included a sharp decrease in unemployment benefits that altered the incentives of unemployed workers. Before the…
- Explain the plainings of CPEC.The adult population is divided into three groups: employed, unemployed, not in the labor force. The latest TUIK labor force statistics for October 2023 show that the largest group is Not in the labor force Retired Unemployed EmployedStructural Unemployment occurs when wage is kept above equilibrium. There are three reasons for this. Explain.
- 45 percent of the labor force in Armenia is involved in the agricultural sector, but the economic growth in the nation comes from industry and tourism. What type of unemployment would such a mismatch of ability and job requirements cause? a. Predictable b. Frictional c. Structural d. Mechanical e. Operationalfind annual data for three major macroeconomic variables (inflation, unemployment, growth) for Pakistan, for a period of 10 years.Using the parameter values in Table 1, calculate the steady-state values of labor market tightness θ, unemployment rate u and vacancy rate v. Suppose the economy is initially in steady state (t = 0). At t = 1, a recession causes the value of filled jobs J to decrease to J = 2 for 15 months. Starting from the steady state, use the other parameter values in Table 1 and a spreadsheet/script to calculate and plot the time paths of market tightness, unemployment rate and vacancy rate for 15 months (t = 0,1,...,15) after the economy was hit by the recession. Describe how market tightness, unemployment rate and vacancy rate respond to the decrease in J. Has the economy settled to a new equilibrium by the end of 15 months? Explain your findings. Now Some economists believe that the matching process becomes less efficient in recessions, as indicated by the shifting out of the Beveridge curve. Suppose the economy is initially in steady state. At t = 1, a recession causes the matching efficiency…
- The years 2002 through 2007 can be described as a period of a. falling output accompanied by decreasing inflation. b. rising output accompanied by increasing inflation. c. falling output accompanied by increasing inflation. d. rising output accompanied by decreasing inflation.Macroeconomists studies all of the following issues except: a. The determinants of inflation b. The relative market shares of General Motors and Ford c. The amount of imports and exports between the United States and Japan d. The growth of total production in the United StatesOne 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.