1. The labor force s the 2. The unemployment rate is computed as the number of t

Question

1. The labor force s the 2. The unemployment rate is computed as the number of the labor forcet the Among teenagers, which group has the highest rate? There are 4. Discouraged workers the laboe the adul the adul the above are correct 5. The natural u fnictional and structural t rate includes frictional nor structural but not frictional I, bat not structural 6. People who are unemployed because of job search are best classified as 7. Barter a double-coincidence of wants of the above are correct 8. Liquidity refers to case with which an asset is coeverted to the medium of exc of an assct to serve as a store of value many time a dollar circulates in a given year

Explanation / Answer

(1) (c)

Labor force = Number employed + Number unemployed

(2) (a)

Unemployment rate (%) = (Number unemployed / Labor force) x 100

(3) (d)

(4) (b)

(5) (a)

Natural unemployment rate = Frictional unemployment + Structural unemployment

(6) (c)

(7) (d)

(8) (a)

Cash is considered as the most liquid asset.

(9) (b)

Fiat money is legal tender money and derives its value as mandated by government, but has no intrinsic value.

NOTE: As per Chegg answering guidelines, first 9 questions are answered.

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.