Suppose th ent prium wage in a certain labor market is $18 per hour. Michelle is curren not employed, but seeking work in that same market and willing to work for $18 per hour. After 5 weeks of searching, Michelle still has not found a job. What would economists say about Michelle's situation? Select the correct answer below: Michelle is involuntarily unemployed. Michelle is voluntarily unemployed. Michelle is not in the labor force. Michelle's situation is an example of frictional unemployment. FEEDBACK

When you leave your job looking for a better job you are * O Structurally unemployed OCyclically Unemployed Fractionally unemployed O Seasonally unemployed

How should the situation be rectified to return to full employment?

how do I define “full employment” ?

Mr Brown has recently been retrenched. The firm he worked for had to retrencha number of staff due to the downturn in the economy. Mr Brown has notmanaged to find alternative employment. We can say he is _________________unemployed.choose the correct answer(a) Structurally; (b) Cyclically; (c) Seasonally; (d) Frictionally

Trish earned a salary of $60,000 in 2002 and $80,000 in 2006. The consumer price index was 177 in 2002 and 221.25 in 2006. Trish's 2002 salary in 2006 dollars is $75,000; thus, Trish's purchasing power increased between 2002 and 2006. O $75,000; thus, Trish's purchasing power decreased between 2002 and 2006. $85,000; thus, Trish's purchasing power increased between 2002 and 2006. $85,000; thus, Trish's purchasing power decreased between 2002 and 2006.

Maria's current employment pays her $10 per hour, her disutility of effort is $3 per hour and the unemployment benefit, accessible if unemployed, is $3 per hour. a) Calculate Maria's total employment rent if she loses her job and remains unemployed for 1540 hours and then after that she regains her employment at the same pay rate. Show her total employment rent with the aid of a diagram. b) Calculate how Maria's employment rent will change if unemployment benefits fall by $1 per hour and she also incurs a psychological cost associated with losing her job of $1 per hour. Explain how this change may impact the effort she applies to her current job. c) Name three conditions necessary for the principal-agent problem to occur.

Bob tried to get a job for nine solid soul-sucking months of interviews, resumes, and failure. He never was able to get a job. Of course, he'd still like one, but he's exhausted and burned out. For the last several months, he's mostly sat on the couch and watched TV, not applying for jobs. As Bob moved from looking for a job to not looking, he unemployed and the labor force participation rate O is considered; rises is not considered; falls O is not considered; rises is considered; fall

Question 9 esc tab Figure 2.5 Unemployment in the adult civilian population, 2013 Unemployed (7.8%) 123 million shift T caps lock K →1 STREAM According to Figure 2.5, the United States civilian unemployment rate in June 2013 was 22.1% 5.0% 07.8% 8.5% Onone of the above Moving to another question will save this response. OType here to search fn Not in Labor Force (35.0%) 88.5 million ? Q a 2 W N * # 3 S E X alt Et 4 Employed (58.9%) 144.8 million D % R C 5 F O T hp 6 V G & a E 00 8 U کے

John works for a government agency in California making $70,000 per year. He is being transferred to a branch office in Tennessee. The salary reduction associated with transfer is 11%. The Cost of Living Index (similar to consumer price index or equipment price index) in California is 132 whereas the Cost of Living Index in Tennessee is 95. a. How much extra income does John made as a result of the reduced Cost of Living? b. What is the adjusted salary of John based on the Cost of Living?