Structural unemployment: Select one: a. is generally greater than cyclical unemployment. b. includes cyclical unemployment. c. is generally less than cyclical unemployment. d. cannot be reduced with demand side policies.
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- An economy is said to achieve “full employment” when: a. The unemployment rate is equal to zero. b. The unemployment is equal to the cyclical plus frictional unemployment. c. The unemployment is equal to the frictional plus structural unemployment. d. The unemployment is equal to the cyclical plus structural unemployment.The rise in unemployment that occurs because of a recession is known as cyclical unemployment, because it is closely tied to the ______________. Question options: a) labor supply b) natural rate of unemployment c) supply curve d) business cycle The type of unemployment that occurs because of a recession is called: Question options: a) the natural rate of unemployment. b) cyclical unemployment. c) frictional unemployment. d) seasonal unemployment.a) State whether the following are true or false and explain why. i. Frictional and structural unemployment are two words for the same thing.ii. If an economy is at full employment, the unemployment rate is zero.
- How does the unemployment rate behave over the business cycle? The unemployment rate _______. A. remains relatively constant over the business cycle at an average of 5.7 percent B. equals 10 percent during a recession and falls to zero during an expansion C. rises during a recession and falls during an expansion D. equals 100 minus the employment-population ratio over the business cycleThe sum of frictional, seasonal, and structural unemployment is referred to as the _______________________________. This is the average level of unemployment that is expected to prevail in an economy and in the absence of cyclical unemployment. a. natural rate of unemployment b. “full employment" unemployment rate c. normal rate of unemployment d. none of the above is correct e. a, b, and c are all correctStructural unemployment A.is the increase in unemployment that occurs during recessions and depressions. B. equals the number of people who are unemployed when the economy is operating at its potential level of GDP. C.is the portion of unemployment that is due to the normal working of the labour market, reflecting short-run job/skill matching problems. D.is the portion of unemployment that is due to changes in the structure of the economy, which results in some workers' skills becoming obsolete.
- Structural unemployment a. arises from mismatches between available jobs and workers' skills or geographic locations b. does not occur when the economy is at full employment c. occurs because of changes in seasons, tourist patterns, and similar factors d. is joblessness resulting from business cycle movementsWhich of the below is true about the above case? a. The natural rate of unemployment is above the actual rate of unemployment b. The cyclical rate of unemployment is greater than zero c. There is an inflationary output gap d. There is a recessionary output gap e. there is a recession f. actual GDP is greater than the potential GDPIf there is 3.5 percent frictional unemployment, 4 percent structural unemployment, and the actual rate of unemployment equals 6.5 percent, then the cyclical unemployment must be Multiple Choice 7.5 percent. -1 percent. 2.5 percent. 3 percent.
- Cyclical unemployment -------is unemployment caused by a recession. As output (GDP) is increasing, the amount of cyclical unemployment would ▼-----------No Plagirism Please! 15. Formulate reasons as to why a recession might occur. Then, hypothesize how total economic output and prices will behave in the years following the recession. 16. Explain the three main types of unemployment experienced within an economy. Provide at least one example demonstrating each type of unemploymentWhat is the macroeconomic cost of unemployment? social stress inflation national production decreases increased national debt
