(c) using okun's law, how more much would total output (gdp) have had to grow to create that many jobs?

Answers

Answer 1
First and foremost, it should be understood that Okun's Law is an empirical observation. The law is founded in a perceived relationship between gdp and unemployment. In this sense, Okun's Law is an approximation and not rightly a Law derived from theory. There is some debate as to how much of a decrease in gdp actually occurs from an increase in unemployment, but two leading figures have offered estimations. Martin Prachowny gives the ratio 3:1, such that for every 1% increase in unemployment, a country's gdp drops by 3%. Ben Bernake more recently has offered a revised estimation, placing it closer to 2:1. Therefore, to find the inverse, a country's GDP would have to grow by 2-3% in order to reduce unemployment by 1%.

Related Questions

A construction manager can be a person or company. True False?

Answers

A construction manager can indeed be either an individual or a company, responsible for overseeing and coordinating construction projects.

The statement that a construction manager can be a person or a company is indeed true. In the context of project management and construction, the role of a construction manager is crucial. This individual or entity provides leadership and coordination on construction projects. The construction manager is responsible for planning, budgeting, and overseeing the entire construction process.

While typically we might think of a manager as a person, construction management services can also be provided by specialized companies that have the expertise and resources to handle large-scale projects and various aspects of the construction process.

A construction manager or management company works to ensure a project is completed on time and within budget. They often serve as the communication hub between the various stakeholders, including architects, contractors, and clients. And while they hold a significant role in project coordination, it's important to note that they are part of a team working collaboratively.

The construction manager's skills can include both mental and physical labor, which involves organizing blueprints, complying with building codes, and sometimes supervising construction tasks directly on-site.

The hotel manager received an offer to hold the local bikers' club annual meeting at the hotel in march, which is the hotel's low season with an occupancy rate of under 50%. the bikers' club would reserve 45 suites for three nights if the hotel could offer a 50% discount, or a rate of $100 per night. the hotel manager is inclined to reject the offer because the cost per suite per night is $125.

Answers

Given that this is the hotels low season, and this would be a definite increase in income that the hotel would not normally get, the hotel manager should accept. 45 suites at $100/ night for 3 nights is a nice $13,500. That would be a nice profit in their low season.

Keith offers to sell his home to debbie for $80,000. debbie replies, "your price is too high. i will offer to buy it for $70,000." debbie's response is

Answers

Keith offers to sell his home to Debbie for $80,000. Debbie replies, "your price is too high. I will offer to buy it for $70,000." Debbie's response is negotiating with Keith in lower/lesser price of the house. It is also called bargaining of items or anything that prices are high or even fixed price can still be considered and negotiable.

The expected date of confinement (eds) is usually estimated by a formula called:

Answers

It is called the Naegele's run the show. It predicts an expected due date in light of the beginning of the lady's last menstrual period. You just extra nine months and seven days to land at the due date. 
It is a standard method for ascertaining the due date for a pregnancy while expecting a gestational age of 280 days at labor.

Nicklaus company has decided to sell one of its old machines on june 30, 2013. the machine was purchased for $160,000 on january 1, 2009, and was depreciated on a straight-line basis for 10 years with no salvage value. if the machine was sold for $52,000, what was the amount of the gain or loss recorded at the time of the sale?

Answers

Straight line depreciation (D) is computed as follows:

D= (purchase cost of an asset- its expected salvage value)/ the number of years of its expected useful life.

In the case of the old machine sold by Nicklaus Company, depreciation (D) in dollars is:

D = (160,000-0)/10

D= 160,000/10

D= 16,000 per year

Since the machine was bought on June 30, 2003, and was sold on January 1, 2009, its total depreciation value (TD) for the 6 and half years that it was used is:

TD = 16,000 x 6.5

TD= 104,000

Cost of the asset on time of sale, therefore, is 160,000-104,000=56,000

Since the company sold it at only $52,000, recorded loss will be $4,000 (56,000-52,000). 

Final answer:

The Nicklaus company would record a loss of $36,000 from the sale of the old machine, which had a net book value of $88,000 and was sold for $52,000.

Explanation:

The student's question pertains to recording the gain or loss on the sale of an asset, which is a common accounting exercise that involves determining the book value of the asset at the time of disposal and comparing it to the sale proceeds. Given the machine was purchased for $160,000 and depreciated on a straight-line basis over 10 years with no salvage value, its annual depreciation expense would be $160,000 / 10 years = $16,000 per year. From January 1, 2009, to June 30, 2013, the machine was in use for 4.5 years (half of 2009, plus 2010, 2011, 2012, and half of 2013), resulting in accumulated depreciation of $16,000 * 4.5 years = $72,000. The net book value of the machine as of June 30, 2013, would be $160,000 (cost) - $72,000 (accumulated depreciation) = $88,000. Since the machine was sold for $52,000 and its net book value was $88,000, the company would record a loss of $88,000 - $52,000 = $36,000.

This print-out should have 11 questions. multiple-choice questions may continue on the next column or page – find all choices before answering.

Answers

Need more details to answer.

Choose one of the scenarios below and write a three-paragraph essay describing its effect on prices for food, housing, and oil. remember that the future is always uncertain, so there's no right answer. make your best guess as to what might happen in each case based on the economic concepts you've learned so far. pay particular attention to how consumer demand would change and how the event would affect production costs and the business cycle.

Answers

Final answer:

A significant drought can lead to an increase in the prices of food, housing, and oil due to changes in supply and demand. In particular, the decrease in the supply of agricultural products and construction materials combined with potential shifts in demand for alternative energy sources could lead to higher prices.

Explanation:

In this scenario, let's consider a significant drought like the one that affected the Manchurian Plain in Northeastern China in 2014. Such a drought will drastically reduce the supply of agricultural products, like food, leading to an increase in its price due to its scarcity. This is represented by a shift to the left in the supply curve with demand remaining constant.

As for the housing market, it is plausible that an extreme drought might lead to an increase in costs of construction materials, such as timber, potentially driving up housing prices. However, assuming incomes remain constant, the demand for housing may not significantly change, as housing is generally a need, and not a luxury good.

Regarding oil prices, a global drought might affect the cost of biofuels, an alternative to oil, which are made from crops like corn and soybeans. If the production cost of biofuels increases due to scarcity in these crops, the demand for oil as an alternative energy source might increase, consequently increasing its price. This scenario presents a rightward shift in the demand curve as consumers move towards oil for their energy needs.

Learn more about Economic Effects of Drought here:

https://brainly.com/question/4449420

#SPJ12

c) A severe drought affecting major agricultural regions; Housing prices may increase in urban areas due to higher costs of living, while decreasing in rural areas.

Let's consider the scenario of a severe drought affecting major agricultural regions and its impact on prices for food, housing, and oil. A severe drought would significantly reduce the supply of crops, leading to higher food prices. As the availability of agricultural produce decreases, farmers might face higher production costs due to the need for irrigation and other measures to protect their crops, resulting in an increased equilibrium price and a lower quantity in the market for food. Higher food prices can have a ripple effect on housing. Regions heavily dependent on agriculture may see a decrease in income for those involved in farming, potentially reducing their ability to pay rent or mortgages. This could lead to a decrease in housing demand in rural areas and possibly lower housing prices there. However, in urban areas, where food supply shortages lead to increased costs of living, people might find it harder to afford housing, thereby increasing demand for more affordable housing options and potentially raising rents in those regions. Lastly, the drought's effect on oil prices would likely be indirect. Farmers and agribusinesses might shift towards more fuel-efficient or electric-powered machinery to cope with increased costs, which could marginally reduce oil demand. Additionally, if the drought leads to higher food transportation costs due to increased fuel consumption, this might slightly raise oil prices. Nevertheless, the overall impact on the global oil market would likely be minimal compared to the significant changes seen in food and housing markets.

Complete Question:

**"Choose one of the scenarios below and write a three-paragraph essay describing its effect on prices for food, housing, and oil. Remember that the future is always uncertain, so there's no right answer. Make your best guess as to what might happen in each case based on the economic concepts you've learned so far. Pay particular attention to how consumer demand would change and how the event would affect production costs and the business cycle.

Scenarios:

a) A major technological breakthrough in renewable energy.

b) A significant increase in the global population.

c) A severe drought affecting major agricultural regions.

d) A sudden and sharp decrease in the global oil supply."**

Verve, a successful soap manufacturer, sells luxury soaps exclusively for women under the brands Verve Opulent, Verve Imperial, and Verve Divine. It has now added Verve Regal to target a specialized segment of urban men who are particular about their grooming practices. The introduction of Verve Regal represents

Answers

Final answer:

The launch of Verve Regal is a strategic business move involving brand expansion and product diversification, reflecting historical branding strategies such as gender-based segmentation and targeted marketing, which were also evident in early Ivory Soap advertisements.

Explanation:

The introduction of Verve Regal, targeted at a specialized segment of urban men, by the luxury soap manufacturer Verve represents a strategic move in brand expansion and product diversification. Historically, gender targeting in advertising has been prevalent, as seen with Palmolive's appeal to its widespread popularity to offer luxury soap at a "moderate price," making what was once a luxury accessible to many. Similarly, Ivory Soap's branding efforts in 1898 show early examples of gender-specific advertising, suggesting that branding has long since used gender segmentation to tailor products specifically to different demographics.

Branding Ideas in Historical Advertisements

The advertisements for Ivory Soap demonstrate early examples of branding ideas such as segmentation and target marketing. By creating ads directed toward gender-specific buyers, Ivory Soap was able to tailor its message and product to the specific needs and preferences of men and women separately. This strategy is mirrored in Verve’s release of Verve Regal, which similarly identifies and targets a specific consumer group with unique grooming preferences and needs.

Which of the following is a feature of online professional networking groups such as LinkedIn, Ecademy, and Plaxo? a)job certification b)letters of recommendation c)employment and networking tips d)field-based training

Answers

Letters of recommendation

Answer:

letters of recommendation.

Explanation:

Jack lost his job six months​ ago, and​ he's been actively looking for a new job ever since. the bureau of labor statistics would classify jack as
a. a discouraged worker.
b. out of the labor force.
c. unemployed.
d. all of the above.

Answers

It's C. It's C. It's C. It's C. It's C. 

True or false technological advances have resulted in fewer opportunities for small businesses abroad.

Answers

I'm not sure.... maybe true?

You've just joined a new company as one of their newest inbound sales representatives and are excited to begin executing on their connect strategy. you've recently identified a potential buyer, determined their persona, and identified which lead source they came from. what are your next steps as an inbound salesperson, in order?

Answers

After identifying a potential buyer, the next step is to connect with them through personalized messaging and advice, further explore their particular needs and tailor the sales process to meet their timeline.

Jorge tried to pick up his sofa but discover that it is much heavier than he expected. what must occur in the muscle to increase tension so he can pick up this heavy piece of furniture

Answers

The thing that must occur in the muscle to increase tension so he can pick up this heavy piece of furniture will be recruitment of additional motor units. Jorge need to recruit additional motor units so that he can carry / pick up his sofa and his muscle will increase its tension so he can pick up his heavy sofa.

The _____ is known as make-to-order. select one:
a. supply chain model
b. inventory model
c. pull model
d. vertical integration model
e. push model

Answers

The answer is C.
The pull model is known as make-to-order. The pull model strategies include interest for a specific product that was created depending on the target audience, not following the demands stated by channel partners.

Whether a buyer or a seller pays more of a commodity tax depends on:

Answers

A buyer or seller that pays more of a commodity tax is still dependent on a specific factor such as the relative price elasticity that are present or visible because this could greatly affect the commodity tax that the buyer or seller pays.

Answer:

becaude of the taxes

Explanation:

A three-line-to-eight line decoder has inputs cba where the a input is the lsb (least significant bit). the output and gates are labeled q0 through q7. one would normally expect the output of and gate q4 to be active when the inputs are:

Answers

a = false b = false c = true Since the outputs are labeled q0 through q7, it's logical to assume that when the value represented by cba is 0, for q0 to be enabled, when cba represents 1, then q1 to be enabled, all the way until cba represents 7 which causes q7 to be enabled. Since q4 is enabled, that would mean that cba has to represent the value 4. And since this is binary and "a" is the lsb, it would be logical to assume that c is the msb (Most significant bit) so a has the value of 1 b has the value of 2 c has the value of 4 And we need to determine some combination the a,b,c that adds up to 4. And that's obviously where c is true (value 4) and both b and a are false (values of 0). So a = false b = false c = true.

Mark has two job offers when he graduates from college. mark views the offers as​ identical, except for the salary terms. the first offer is at a fixed annual salary of​ $50,000. the second offer is at a fixed salary of​ $20,000 plus a possible bonus of​ $60,000. mark believes that he has a 50minus−50 chance of earning the bonus. if mark takes the offer that maximizes his expected utility and is risk​ neutral, which job offer will he​ choose?

Answers

The first Job has a 100% chance for Mark to earn $50,000. While the second Job Has a possible 50% chance for Mark to earn $20,000 and another possible 50% chance for him to earn $80,000 ($20,000 + $60,000) If mark is risk neutral (Meaning that he is insensitive as regards to risk taking) and he wants to maximize his expected utility then Mark will go for the 100% chance of earning $50,000.

The role of a sales representative in the promotion process has changed from that of persuader to that of a:

Answers

A consultant and problem solver

• a friend of yours has opened professional electronics and repairs (pear) to repair smartphones, laptops, tablets, and mp3 players. she wants you to create a database to help her run her business. • when a customer brings a device to pear for repair, data must be recorded about

Answers

The database for PEAR, a professional electronics repair service, includes tables for Customers, Devices, and Repairs. It captures customer details, device information, repair status, and costs, facilitating organized management of repair requests for smartphones, laptops, tablets, and MP3 players.

To create a database for your friend's professional electronics repair business (PEAR), you would need to include essential information about each repair request. Here's a basic outline of the database structure:

1. Customers Table:

  - CustomerID (Primary Key)

  - FirstName

  - LastName

  - ContactNumber

  - Email

2. Devices Table:

  - DeviceID (Primary Key)

  - DeviceType (Smartphone, Laptop, Tablet, MP3 Player, etc.)

  - Brand

  - Model

  - SerialNumber

3. Repairs Table:

  - RepairID (Primary Key)

  - CustomerID (Foreign Key referencing Customers Table)

  - DeviceID (Foreign Key referencing Devices Table)

  - IssueDescription

  - RepairStatus (In Progress, Completed, Collected, etc.)

  - RepairCost

  - DateReceived

  - DateCompleted

This structure allows tracking of customer details, device information, and repair records, facilitating efficient management of repair requests at PEAR.

Which of these statements best defines organizational​ design?a.allowing top managers to make decisionsb.engaging in accomplishing​ long-term goalsc.grouping common jobs togetherd.creating the structure of an organizatione.dividing work activities into distinct job tasks?

Answers

a. allowing top managers to make decisions, because the other 3 answers could all fall under the first answer. organizations are designed from top down. This makes a. the best answer.

A student claims that he can correctly identify whether a person is a business major or an agriculture major by the way the person dresses. suppose in actuality that he can correctly identify a business major 87% of the time, while 16% of the time he mistakenly identifies an agriculture major as a business major. presented with one person and asked to identify the major of this person (who is either a business or agriculture major), he considers this to be a hypothesis test with the null hypothesis being that the person is a business major and the alternative that the person is an agriculture major.

Answers

A business major 87% of the time, while 16% of the time mistakenly identifies an agriculture major.

If you are generally less productive and more accident-prone than other workers, than it is most likely that you _____.

Answers

The answer to go in the blank would be ''Rotating shift worker''.

G addressing the drop in production as a result of randall and abby's alleged indiscretion requires a review of the ___________, which describes the minimum qualifications a person must have to do the job successfully.

Answers

This is a job specification. This document lays out all the required skills and qualifications that a person needs, at a minimum, to be able to handle the needs of the position. Reviewing this document will allow management to see if Randall and Abby are able to meet these criteria, and make a decision on employment from there.

Karson is a manager in a bottle manufacturing company. He wants to check whether 100 bottles were produced and dispatched to the market. Which department should he consult?

Answers

he should consult the manufacturing department

Answer:

The correct answer is:  the operations department.

Explanation:

The operations department is the area of the company in charge of the design and development of the production process since the organization receives the raw material until the output is delivered to customers for retail or direct use. The operations department is also responsible for measuring the productivity levels within an organization.

e. If the market price of wheat instead falls to $20.00 per bushel, how much wheat will Ali choose to produce per month in order to maximize his profits in the short run?

Answers

not enough information
Final answer:

In the case of farming, if the price for produces remains above average variable cost then the farm will continue to produce, even if they are generating a loss, as this is preferable to losing all fixed costs. If the price falls below average variable cost, then the farm should shut down to minimize losses. However, without specific information about Ali's costs in growing wheat, it is difficult to calculate the exact amount to produce at a price of $20 per bushel.

Explanation:

In the scenario of farming, it's often worked out that if the operation can make enough revenue to cover its variable costs and some fixed costs, it will continue to operate in the short term. This is likely due to the significant investment in fixed costs needed to start a farm operation. If we apply this concept to wheat production and assume similar conditions to those outlined for raspberry production, if the price of wheat falls to $20.00 per bushel, Ali should continue to produce wheat if he can cover his variable costs and some of his fixed costs. It is critical, however, that the price of $20.00 is above his average variable cost for this level of output. If Ali can't pay his workers (the variable costs), he might have to cease production.

This principle of farming operation holds when the farm operates based on the rule of producing where P = MR = MC (Price equals Marginal Revenue equals Marginal Cost). It signifies a profit-maximizing output level. When the price declines below this level, the farm should consider shutting down in the short run because the loss from operating (not being able to cover even variable costs) would be more significant than the loss of whole fixed costs if operations are stopped.

However, these decisions need concrete numerical calculations using the farm's specific costs, which differ for every individual case. So, without further specific cost information, it is hard to assess the exact quantity of wheat Ali should produce at a price of $20.00 per bushel.

Learn more about Profit Maximization here:

https://brainly.com/question/31518483

#SPJ11

Focusing on the end product of the internal alignment process, the pay structure, is more important for acceptance of the results than focusing on the approach chosen.
a. True
b. False

Answers

The answer is False. The pay structure will not be the most important for the acceptance of the result that focusing on the chosen, in the focusing on the end product of the internal alignment process. False because the pay structure will not be the most important when accepting the result.

A.j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company,
a.j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney,
a.j. could have probably handled.
a.j. also noted that the hr manager's administrative assistant was the go-to person for a number of things that would make life easier at work.
a.j. was recognizing the _____

Answers

AJ was recognizing the INFORMAL ORGANISATION OF THE COMPANY.
Informal organisation of a company refers to the interlocking social structure which govern how colleagues work together in practice. It describes the aggregate of behavior, interactions, norms and professional connections through which works get done.

Name three factors that have contributed to the high output of goods and services over the history of our economy. What changes have occurred in productivity in recent years

Answers

different iPhones have changed I think

In your own words, describe the evolutionary trend for increasing organismal complexity, using examples from this lab to illustrate your answer.

Answers

On a cellular level, the trend for increasing organismal complexity is due to its specialization. Multicellular organisms cannot live on by themselves and functions properly without being together in order to complete a certain function. For example, the Volvox has a multicellular organism and can show its function such as through team work
Final answer:

Organismal complexity has increased over time from simple unicellular organisms to highly complex multicellular ones. This trend is seen in the development of specialized cells and organs in certain organisms such as humans. Factors influencing this trend include environmental changes, genetic variation, and random mutation.

Explanation:

The evolutionary trend for increasing organismal complexity can be seen in numerous examples, from simple unicellular organisms to complex multicellular ones. For example, primitive organisms such as bacteria are single-celled and relatively simple in their structure. Over evolutionary time, however, increasingly complex multicellular organisms have evolved from these simple beginnings.

One way this can be demonstrated is when looking at how certain organisms have developed systems of specialized cells and organs to perform different functions. For instance, humans and other mammals have a highly complex nervous system, composed of billions of interconnected neurons, each of which is a cell specialized for the transmission of electrical signals. This level of complexity and specialization is a far cry from the simple, unicellular organisms from which we evolved.

The evolutionary trend towards increasing complexity is influenced by various factors, including changes in environment, genetic variation, and random mutation. These factors may provide a selective advantage, thus allowing more complex organisms to survive and reproduce.

Learn more about evolutionary trend for increasing organismal complexity here:

https://brainly.com/question/32032858

#SPJ3

You would expect the error of localization and the two point discrimination threshold to be lowest on the

Answers

: European continent. Depending on local polls throughout various regions it is likely that there is less discrimination throughout Europe, USSR, and China due to their willingness to keep an open and honest attitude towards international transactions. Most of Europe lives on the money they have invested internationally binding them to live without a threshold of discriminatory people.

Final answer:

The error of localization and two-point discrimination threshold would be lowest on areas with high touch receptor density, such as fingertips, lips, and face, reflecting higher tactile acuity.

Explanation:

The regions of the human body differ in their sensitivity to touch, which can be assessed by two main measures: the error of localization and the two-point discrimination threshold. The error of localization refers to one's ability to precisely identify the point on the body that has been touched, while the two-point discrimination threshold is the minimal distance at which an individual can distinguish two separate points of touch. You would expect these sensory abilities to be the lowest, indicating higher acuity, on areas with a higher density of touch receptors called mechanoreceptors. Such areas include the fingertips, lips, and face, where the precision of touch is critical for activities such as handling small objects, speaking, and facial expressions.

Other Questions
Do you think osmosis occurs when a cell is in an isotonic solution? explain your reasoning. What were the main historical causes of the rift (split) between the eastern and western churches? Step by step ways to solve 3.4 x 4.72 Program ____ let programmers write code using a word processing-like interface. Which three devices are considered end devices in a network? (choose three.)? A student pulls a 60 kg sled with a force of magnitude of 20 newtons. What is the magnitude of the acceleration on the sled? The spinal cord is enclosed and protected by the vertebral column and layers of membranes called The rhetorical strategy that Lincoln used when he wrote the phrase "of the people ... by the people ... for the people ... shall not perish from this earth" is known asA) simile. B) metaphor. C) parallel structure. D) subject-verb agreement. Lines that form the outer edge of a three-dimensional shape and suggest its volume are called Study Figure 10-1. The strong nuclear force felt by a single proton in a large nucleus A. is much greater than that felt by a single proton in a small nucleus. B. is much less than that felt by a single proton in a small nucleus. C. is about the same as that felt by a single proton in a small nucleus. D. is about the same as the electric force felt by a single proton in a small nucleus. What are the primary effects of calcitriol on the body? check all that apply? Identify the property demonstrated.4(3 + 5) = 4 3 + 4 5 IT COST 859.32 TO HAVE A SCHOOL DANCE A. HOW MANY TICKETS MUST BE SOLD TO COVER THE COST. B HOW MANY TICKETS MUST BE SOLD TO MAKE A 980.68 PROFIT What is the similarity between a meander and a gully? The figure below shows a transversal t which intersects the parallel lines PQ and RS: Write a paragraph to prove that the measure of angle 4 is equal to the measure of angle 8. Which situation shows a constant rate of change? A.The number of goals scored in a soccer game compared with the minutes played B.The weight of a kitten compared with its age in months C.The height of a paper airplane over time D.The amount raised by a booster club compared with the number of raffle tickets sold A prisoner is punished with solitary confinement. this punishment consists of the deprivation of a need for Which of these sources add water to lakes? Select the three correct answers. A.Rain runoff B.Groundwater C.Melting snow D.Ocean waves If I am choosing an outfit to wear, are the events "collared shirt" and "Long-sleeved shirt" Mutually exclusive or Inclusive? Mutually Exclusive Inclusive Which statement about Islam is accurate? Islam permits drinking red wine. Islam permits eating any kind of meat. Islam encourages dressing modestly. Islam establishes lenient dating rules. Steam Workshop Downloader