Can someone please check these? Looking at the market for coffee. Average income abroad has increased...

Can someone please check these?

Looking at the market for coffee. Average income abroad has increased over the past several years. It is a normal good. Simultaenously, new technology has reduced the price of processing coffee. What happened to the equilibrium price and quantity?

I got the price is unknown and the quantity rose.

The adult population of a society is 225 million. 4.1 million people are frictionally unemployed, 4.3 mil are structurally unemployed, and 1.8 mil are cyclically unemployed. There are 136.5 mil ppl holding jobs, the rest are out of the labor force. What is the natural rate of unemployment, the labor force participation rate, and the unemployment rate?

I got LFPR is 65.2 percent, Unemployment rate is 6.95 percent, and the natural rate is 5.73 percent

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Expert Solution

Rahul Sunny answered 1 year ago

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