Natural rate of unemployment The natural rate of unemployment (sometimes called the structural unemployment rate) is a concept of economic activity developed in particular by Milton Friedman and Edmund Phelps in the 1960s‚ both recipients of the Nobel prize in economics. In both cases‚ the development of the concept is cited as a main motivation behind the prize.[1][2] It represents the hypothetical unemployment rate consistent with aggregate production being at the "long-run" level. This level
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Science Coursework-Rates of Reactions Introduction Investigating how the concentration of sodium-thiosulphate (STS) and hydrochloric acid (HCL) affects the rate of reaction in the experiment. In addition I am also checking how different variables affect my experiment and also how I can make my test more precise‚ reliable and accurate. Strategy According to my results‚ as the concentration of STS solution increased the rate of reaction of my experiment was increased. Also as the concentration
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industry. With India being one of the favorites for outsourced business‚ the business of BPO’s has increased to many folds. The business which was worth $4 billion in 2004 rose to $65 billion in 2010 as per the research conducted by McKinsey & Company. It has given ample employment opportunities to Indian people. But this also showed the negative side of the business. It has been said that it costs thrice as much to recruit a new employee than to keep an existing one. This can be very well understood
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Institution Date Unemployment rate in the United States Economy Unemployment is one of the principal macroeconomic problems facing the United States economy. This implies that the economy is not operating under full employment. United States has been experiencing a high level of unemployment in the past. However‚ in the recent past the United States unemployment has fallen down to 7.7 percent as per statistics this year in the month of November. This is the lowest unemployment rate United States labor department
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this lab‚ I looked at how exercise affects a person’s heart rate (BPM)‚ systolic pressure‚ diastolic pressure‚ and Mean Arterial Pressure (MAP). Heart rate is measured by beats per minute while systolic and diastolic pressure are measured by millimeters of Mercury. I found the MAP by the following equation‚ MAP= Diastolic Pressure + ⅓(Systolic-Diastolic). We found out that heart rate and systolic pressure were highest right after and during exercise‚ while diastolic pressure and MAP were higher when
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Econ 1023 (FR05B) Assignment One Due January 23‚ 2013 1. Classify each of the following items as included or not included in GDP. Give an explanation for those that you judge as not included. State when applicable‚ the expenditure category in which each good is included. a. The purchase of copy paper by PepsiCo‚ which is used by the company staff. Answer: This case is not included in GDP‚ because it is an intermediate goods. b. The purchase of an electronic handheld organizer
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initial rate of reaction. I will measure the effect of the enzyme in 5 different concentrations against the controlled variable of the reactant. The enzyme which will be used is different concentrations of potato and the reactant used will be Hydrogen Peroxide. Hydrogen Peroxide which will be the buffer solution is a PH of 7.2. My hypothesis for the experiment is that as the concentration of the enzyme is increased the rate of reaction will be increased‚ producing oxygen at a faster rate. The results
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12: INTERNATIONAL TRADE AND EXCHANGE International trade - is the exchange of goods and services between countries. Export - A product that is sold to the global market Import - A product that is bought from the global market Comparative Advantage – a lower relative or comparative opportunity cost than that of another person‚ producer or country. Terms of Trade- the rate at which units of one product can be exchanged for units of another product. Foreign Exchange Market – a market at
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Exchange rate development in Ethiopia Monetary Development The legal tender currency of Ethiopia was issued on 23 July 1945 by defining the monetary unit as the Ethiopia dollar (E$) with a value of 5.52 grains (equivalent to 0.355745 grams) of fine gold. The linkage with fine gold was in accord with the monetary system established by the Bretton Woods Agreement of 1944. For the five years following the proclamation of the national currency (1945–1950)‚ money supply of the country was determined
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Change in respiratory rate during exercise Aim: To record and investigate how the breathing rate varies for the duration of light and heavy exercise. Introduction: When an individual exercises‚ the muscles being used needs extra energy from oxygen. The lungs pump oxygen to the heart‚ and then the heart pumps the oxygenated blood through the blood to the particular muscle that is working. The human body has a series of organs working together‚ which is named the respiration system. The organs involved
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