Describe the Three Types of Unemployment

question 125

Essay

Describe the three types of unemployment.

Determine the outcomes of excess supply or demand in market equilibrium.

Understand the implications of changes in income on demand for normal goods.

Evaluate the impact of supply and demand equations on market equilibrium prices and quantities.

Comprehend the role of substitutes in market dynamics and how changes in the supply of one good can affect the price of substitute goods.

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Definitions:

Fully Diluted Earnings Per Share

A metric that calculates earnings per share assuming all dilutive securities such as options and convertibles have been converted to common stock.

GAAP

Generally Accepted Accounting Principles, which are the common set of standards and procedures companies in the U.S. must follow when preparing their financial statements.

Share-Based Compensation

A form of pay given to employees and executives that is based on the company's stock, intended to align their interests with those of the company's shareholders.

Convertible Bond

A type of bond that can be converted into a predetermined amount of the company's equity, usually at the choice of the bondholder.