Voluntary unemployment refers to a situation when people who are able to work but are not willing to work although suitable work is available for them.
Involuntary unemployment refers to a situation when people who are able and willing to work do not find jobs at the prevailing wage rate. They remain unemployed against their wish.
Dullayo answered the question on August 8, 2018 at 04:31
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What are the key areas of due diligence in planning as a phase of project cycle?
(Solved)
What are the key areas of due diligence in planning as a phase of project cycle?
Date posted:
August 7, 2018
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Answers (1)
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Outline the criticisms of purchasing power parity.
(Solved)
Outline the criticisms of purchasing power parity.
Date posted:
August 7, 2018
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Answers (1)
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Outline the criticisms of mint parity theory
(Solved)
Outline the criticisms of mint parity theory.
Date posted:
August 7, 2018
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Answers (1)
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Outline the assumptions of classical theories of international trade
(Solved)
Outline the assumptions of classical theories of international trade
Date posted:
August 7, 2018
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Answers (1)
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Explain the main methods of profit maximisation in the market
(Solved)
Explain the main methods of profit maximisation in the market
Date posted:
August 6, 2018
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Answers (1)
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Describe six policies that can be adopted by developing countries to improve agricultural sector
(Solved)
Describe six policies that can be adopted by developing countries to improve agricultural sector.
Date posted:
August 2, 2018
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Answers (1)
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Explain the meaning of the following terms as used in economics: i. Fiscal and monetary policy. (4 Marks) ii. Exchange rate and interest rate. (4 Marks) iii. Unemployment...
(Solved)
Explain the meaning of the following terms as used economics:
i. Fiscal and monetary policy. (4 Marks)
ii. Exchange rate and interest rate. (4 Marks)
iii. Unemployment rate and Okun’s law. (4 Marks)
Date posted:
August 2, 2018
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Answers (1)
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Given the following equation, derive the expression for the IS curve
(Solved)
Given the following equation, derive the expression for the IS curve.
C =100 +0.8Yd (Consumption function)
I = 10 –10r (Investment function)
G = 10 (Government purchases)
T = 0.25 (Tax rate)
Date posted:
August 1, 2018
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Answers (1)
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Explain why fiscal and monetary policies are referred to demand management policies
(Solved)
Explain why fiscal and monetary policies are referred to demand management policies
Date posted:
August 1, 2018
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Answers (1)
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Explain the three basic assumptions underlying the national income accounting
(Solved)
Explain the three basic assumptions underlying the national income accounting.
Date posted:
August 1, 2018
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Answers (1)
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Explain the limitations of Harrod-Domar Models
(Solved)
Explain the limitations of Harrod-Domar Models.
Date posted:
August 1, 2018
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Answers (1)
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Given the following equations for a certain economy C = 100 + 0.75 Y...
(Solved)
Given the following equations for a certain economy:
C = 100 + 0.75 Y
I = 560
X= 350
M = 40 + 0.15Y
Suppose the figures are in US Dollars billion, determine the equilibrium level of income. (5 Marks)
Date posted:
August 1, 2018
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Answers (1)
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State and explain the three components of Balance of Payments (BOP)
(Solved)
State and explain the three components of Balance of Payments (BOP).
Date posted:
August 1, 2018
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Answers (1)
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What do you understand by the terms floating exchange rate regime and pegged exchange rate regime?
(Solved)
What do you understand by the terms floating exchange rate regime and pegged exchange rate regime?
Date posted:
August 1, 2018
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Answers (1)
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Explain four reasons why residents of any country demand foreign currency in the foreign exchange market
(Solved)
Explain four reasons why residents of any country demand foreign currency in the foreign exchange market
Date posted:
August 1, 2018
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Answers (1)
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State the theory of covered interest parity
(Solved)
State the theory of covered interest parity.
Date posted:
August 1, 2018
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Answers (1)
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Explain the difference between covered interest arbitrage and uncovered interest arbitrage
(Solved)
Explain the difference between covered interest arbitrage and uncovered interest arbitrage.
Date posted:
August 1, 2018
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Answers (1)
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Describe a full-reserve banking system
(Solved)
Describe a full-reserve banking system.
Date posted:
July 27, 2018
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Answers (1)
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Give a critical view on Fractional-reserve banking
(Solved)
Give a critical view on Fractional-reserve banking.
Date posted:
July 27, 2018
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Answers (1)
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Over the past decade, there has been a trend towards increasing the independence of central banks as a way of improving long-term economic performance. In...
(Solved)
Over the past decade, there has been a trend towards increasing the independence of central banks as a way of improving long-term economic performance. In respect to this statement discuss any 4 types of independence of a typical central bank.
Date posted:
July 27, 2018
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Answers (1)