« previous next »

Author Question: Unemployment that results from an economy-wide downturn is called: a. frictional unemployment. b. ... (Read 241 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Jun 30, 2018
Unemployment that results from an economy-wide downturn is called:
 a. frictional unemployment.
  b. cyclical unemployment.
 c. structural unemployment.
  d. seasonal unemployment.

Question 2

Under a system of fixed exchange rates, what will happen if the price of a currency is set above market equilibrium? How can this be remedied?


parker125

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

A nation whose currency is overvalued will consistently import more than it exports, leading to a loss of currency reserves. To prevent this, the country can devalue its currency, adopt tariffs and quotas, or follow restrictive macroeconomic policy to promote deflation and higher interest rates.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Bay (left) and chestnut (sometimes called "sorrel") are two of the most common coat colors Bay (left) and chestnut (sometimes called "sorrel") are two of the most common coat colors
Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s
Rubella rash in a young child. Rubella is also called 3-day measles or German measles. Rubella rash in a young child. Rubella is also called 3-day measles or German measles.
A nerve cell (neuron) has extensions called dendrites A nerve cell (neuron) has extensions called dendrites
Results of Mendel’s Experiments Results of Mendel’s Experiments
The Meselson–Stahl experimental results The Meselson–Stahl experimental results
Video: Homologous chromosomes during prophase I - Animation

For a complete list of videos, visit our video library