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Author Question: In the above figure, what is the full-employment real wage rate and quantity of hours per year? ... (Read 94 times)

student77

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on: Jun 29, 2018
In the above figure, what is the full-employment real wage rate and quantity of hours per year?
 
  A) 40 and 60 billion hours per year
  B) 50 and 100 billion hours per year
  C) 35 and 100 billion hours per year
  D) 50 and 40 billion hours per year

Question 2

The best example of a frictionally unemployed individual is
 
  A) Charles who has lost his job as an autoworker because of increased imports and can't find a good job that utilizes his skills.
  B) Mary who quit her job to find work closer to her home.
  C) Sam who lost his job as a real estate salesperson when the housing market went soft because of a recession.
  D) Sandy who has few skills and is no longer looking for work.


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sokh

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


student77

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Reply #2 on: Jun 29, 2018
Thank you :)


sokh

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Reply #3 on: Jun 29, 2018
Happy to help you


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