Difference between frictional-structural-cyclical
Elucidate the differences among the frictional, structural, and cyclical forms of unemployment.
Expert
Frictional unemployment refers to the unemployment they exist when economy is at full employment level. It is also called NAIRU. It results from a institutional structure of the labour market and its social habits that impact on the behaviour of workers and firms.
Cyclical unemployment is the unemployment in excess of frictional unemployment and occurs when the economy is at below full employment level. It is caused when the economy is undergoing cyclical changes as part of the business cycle
Structural unemployment results from rigidities in the structure of an economy’s labour market and institutions. This is typically manifested in a mismatch of the requirements in labour market and the available skill set.
What are the conditions through which the supply curve will shift?
Land, capital and labor are all scarce since: (1) advertising mainly over stimulates human wants. (2) once employed they cannot be used again. (3) each productive resource needs a monetary return for its employ. (4) inheritance under a capitalism prot
Define fiscal policy? Answer: Fiscal policy is the revenue and expenditure policy of government with a view to combat the state of inflationary or deflationary gap
10 US dollars are exchanged for 500 Indian rupees. Calculate the exchange rate for Indian currency? Answer: $1 = 500/10 = Rs.50, that is, $1 = Rs. 50
Help me with this assignment! Just 25 questions! Thank you so much!
Determine the value of MPC whenever MPS is zero? Answer: Whenever MPS = 0, MPC = 1 – 0 = 1.
Hello guys I want your advice. Please suggest your answer for following economics problems. Macroeconomic policy matters focus upon: (w) price determination within specific markets. (x) conduct and structure of mar
How Bank rates control the credit? Answer: Bank rate is the rate of interest at which the Central bank lends to Commercial banks. By increasing the bank rate centra
Illustrate whether output generated for self consumption is comprised or not comprised in the value of output? Answer: The output generated for self consumption is
The Financial Account captures international fund flows due to
18,76,764
1927743 Asked
3,689
Active Tutors
1423401
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!