SECTION Prist Last Name, First Name whenever prodacers attempt to maximize profi
ID: 1164850 • Letter: S
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SECTION Prist Last Name, First Name whenever prodacers attempt to maximize profits. only if government price setting policies if prices are fixed 6. Markets tend towarnd equilibrium: are successful b. rise climine o fall to clear surpluses and prices are able to Print Let increases, then supply and demand analysis predicts that: and price of housing will also be fixed. fixed(i.e., the supply curve is a vertical line? 7. If the supply of housing is Use the trap for housing increases, a. t b. the price of housing will fall the the housing market will be unable to achieve a new equilibrium the price of housing will rise. c. d. 8. A decrease in the demand for apples, ceteris paribus, leads to: an increase in both the equilibrium price and quantity of apples, a decrease in both the equilibrium price and quantity of apples, quantity of apples. an increase in the equilibrium price of oranges and a decrease in the a. b. e. a decrease in the equilibrium price of oranges and an increase in th d. equil quantity of apples. If the cost of producing good Z decreases at the same time good Z be popular, then the graphing model of supply and demand predicts that:r a. the equilibrium price and b. the equilibrium price of good Z will increase 9. quantity of good Z will both increase. and the equilibrium quantity of Z will decrease Z could increase, decrease, or stay the same Z could increase, decrease, or stay the same. c. the equilibrium quantity of good Z will decrease but the equilibrium price s d. the equilibrium quantity of good Z will increase but the equilibrium price c A decrease in the number of sellers in a market that occurs at the same time that an increase in the number of buyers in that market will cause: a. equi 10. there is librium price to increase, but the change in equilibrium quantity cannot be determined without further information. equilibrium price to decrease, but the change in equilibrium quantity cannot be determined without further information. equilibrium quantity to decrease, but the change in equilibrium price cannot be determined without further information. b. c. d. equilibrium quantity to increase, but the change in equilibrium price cannot be determined without further information.Explanation / Answer
6) Solution: A former production line worker who has been unable to find a job in manufacturing after he/she was replaced by a robot
Explanation: Structural unemployment occurs due to decline in demand for production in a specific industry, and consequent disinvestment and decline in its manpower needs.
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7) Solution: cyclically unemployed
Explanation: Cyclical unemployment occurs due to ups and downs in the business cycle over time.
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8) Solution: is more significant when economy is in a recession
Explanation: when economy is in a recession the measurement error caused by the existence of discouraged workers becomes more significant
9) Solution: the unemployment rate is equal to the natural rate
Explanation: If the economy is operating at full employment then the natural rate of unemployment is greater than zero and it includes only frictional and structural unemployment
10) Solution: cyclical unemployment
Explanation: Cyclical unemployment occurs due to ups and downs in the business cycle over time.
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