Multiple Choice
The city of Hope has a labour force of 1000.Twenty people lose their jobs each month and remain unemployed for exactly one month before finding jobs.On January 1,May 1,and September 1 of each year,50 people lose their jobs for a period of four months before finding new jobs.What is the unemployment rate in any given month?
A) 2%
B) 3%
C) 5%
D) 7%
Correct Answer:
Verified
Correct Answer:
Verified
Q54: An increase in the real wage rate
Q55: The skilled-bias technological change means that<br>A)the recent
Q56: Which of the following statements is true?<br>A)The
Q57: The marginal revenue product of labour (MRPN)is<br>A)less
Q58: The supply of labour depends primarily on<br>A)the
Q60: How would each of the following events
Q61: In a production function where capital (K)is
Q62: In the production function Y = AF(K,N),A
Q64: The principle of diminishing marginal productivity of
Q81: The two main characteristics of the production