Determine the mixed-strategy Nash equilibrium for this game. and for The mixed-strategy Nash equilibrium is for Mimi to support with probability = Jeff to look for work with probability 0: (Enter your responses rounded to two = decimal places.)
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- During the initial months of the COVID pandemic, the number of unemployed people in the State of Illinois peaked at 1,108,211 in April 2020. By December 2021, the number of unemployed in Illinois had dropped down to 324,510 people. What is the overall percent decrease in the number of unemployed people in Illinois from April 2020 to December 2021? Please round your answer the nearest percent. Show your work.Types of unemploymentDoes the existence of unemployment insurance eliminate the economic costs of unemployment?
- There are three types of unemployment: frictional, structural, and cyclical. Which one is the worst for workers and what could they do to avoid it?Identify THREE public policies that can stimulate employment and discuss the impact of each.Can government do anything to reduce the number of people in the following categories? If so, what? Frictionally unemployed Structurally unemployed Cyclically unemployed
- 8. The total population of a country is 1 million. Of this 120,000 are pensioners (retired), 160,000 are below the age of 16 and about 20,000 cannot take up a job because either they are under institutional care or hospitalized and unfit to work. About 14,000 do not want to take up a job (therefore they do not even look for a job for a long period of time) and about 7,000 are estimated to be on average in a state of a change in their life and employment (however they are actively looking for employment). The economy is subject to high seasonal variations therefore at the month of January (at which the current labour survey is contacted) about 70,000 summer period employees (working in the tourist industry) are temporarily out of work, waiting to be called back to work in March when the season begins. 12,000 are out of work and are actively looking to find a job while an additional 3,000 are newcomers in the labour force who have been given a job offer and are expected to start working…Present three major arguments of those who believe that IT will result in massive unemployment.The stock of unemployed workers at any given time consists mostly of people who have short spells of unemployment. people who have long spells of unemployment. people who have been laid off from one employer and become employed by another. people who have searched for jobs, but who have become discouraged.
- The BLS reported that in June 2019, the labor force was 163.0 million, employment was 157.0 million, and the working-age population was 259.1 million. The BLS also reported that 17.3 percent of all employment in June 2019 was part time and that 4.3 million people worked part time for economic reasons. How many people worked part time for noneconomic reasons?Which of the following types of unemployment is experienced when workers are moving between jobs? Cyclical unemployment Frictional unemployment Voluntary unemployment Disguised unemploymentif the total population is 200 million, the labor force is 100 million, and 92 million workers are employed, then the unemployment rate would be Multiple Choice 4 percent 6 percent 10 percent. 8 percent