What are three factors that determine current labour supply? (Select all that apply.) A. Reservation wage B. Aggregate output C. Lifetime wealth D. Total factor productivity E. The current real wage F. The real interest rate
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- What rule does the representative firm follow in determining its optimal level of investment? The equation used to determine the optimal level of investment is OA. Y=Cd (r) + 1d (r) + G. B. MP -d=r. C. =Y-N-I. OD. K'=(1-d)K+I.QUESTION 9 Suppose that total factor productivity increases. Which picture best represents the change in the labor market? wage N$ Nd Nd No,NS wage N$ Nd Nd wage N$ NS Nd Nº,NS wage NS Ns ----- - Nd Nº N°The sticky-wage theory suggests an unexpectedly high price level lowers _____ causing firms to hire more workers and produce a larger quantity of goods and services:___________ a. Nominal wage (b) real wage (c) sales (d) profits (e) None of (a) (b) (c
- A______ is a person who was employed in the civilian labor force and was either fired or laid offJoe works for pay at a local newspaper 20 hours per week as a columnist, and spends 20 hours per week writing his first novel, which he hopes (without any advance offers from publishers) to get published someday (he plans to get in touch with publishers once he's done writing the novel). Joe is O employed part-time. O not in the labor force. employed full-time. O a discouraged worker.In terms of employment, the best way to describe the dependency ratio is what? A. Working population / unemployed population B. Number of dependents / working population C. Entire population / working population D. None of the above
- Suppose all the people below have a job. Which one of them would not be considered part of the civilian labor force? Select one: a. a 15 year old. b. a 55 year old. c. a 65 year old. d. a 75 year old. e. a 105 year old.3. What does it mean to be out of the labour force? Explain in detail.Who is not included in the labor force by the Bureau of Labor Statistics? Calvin, who is on temporary layoff a. b. Michael, who has retired and is not looking for work Lauren, who does not have a job, but has applied for several in the last week C. d. None of the above is correct. Select one: O d
- The table gives information about a nation's labor force. What is the labor force participation rate? The labor force participation rate is _____ percent. Labor Market Data Not in labor force 70.0 million Labor force 142.6 million Employed 136.9 millionQuestion 2. The Labour Force Survey is a monthly survey which measures the current state of the Canadian labour market. Into which of the three categories - employed, unemployed, not in the labour force - would an interviewer for the Labour Force Survey place each of the following people? Explain. a. Jennifer Temple is working as a second-grade schoolteacher. b. Frank Peabody is attending college full time to earn a degree in elementary education. c. Martin Hampton is working as a high school social science teacher, but is at home sick with the flu. d. Kyle Brown does not currently have a job. He wants to be an elementary schoolteacher. He has the appropriate degree. He has not looked for a position in the last month because he doesn't believe schools are currently hiring. e. Brenda Dewey does not currently have a job. She has sent her resume to several school districts in the past week in the hope of finding a teaching position.Reginald looked for work for six months but could not find a job to his liking. He now spends his time at the beach. For purposes of employment he is considered: O underemployed. O unemployed. employed in the underground economy. out of the labor force.