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- Why do you mink the U.S. experience with inflation over the last 50 years has been so much milder than in many other countries?What happens to the labor force participation rate when employed individuals are reclassified as unemployed? What happens when they are reclassified as discouraged workers?What is the difference between being unemployed and being out of the labor force?
- Unemployment rates have been higher in many European countries in recent decades than in the United States. Is the main reason for this long-term difference in unemployment rates more likely to be cyclical unemployment or the natural rate of unemployment? Explain briefly.What forces create the natural rate of unemployment for an economy?Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category? Select one: O a. Cambry, a full-time student O b. Carson, who has retired O c. All of the above are correct. O d. Eric, who is on temporary layoff
- Category Population Number of unemployed Number of structural unemployed Number of employed Number of frictional unemployed Number 8,000 500 150 5800 350 According to the data above, cyclical unemployment is O A, 0% ÒB. Ò B. 2.38% 5.55% OC. 6.25% O D.The persons who are laid off when a supermarket closes because the manager did not run the business efficiently are considered to be Select one: O a. structurally unemployed. O b. cyclically unemployed. C. seasonally unemployed. O d. frictionally unemployed. e. marginally unemployed. Next page C300I3 to searchThe reference base period for the CPI is 1982-1984. In January 2018, the CPI was 247.9. What does this number tell us? This number tells us that the of the prices paid by urban consumers for a fixed basket of consumer goods and services was O A average; 147.9 percent higher in January 2018 than the average of 1982-1984 B. inflation rate; 47.9 percent per year OC. inflation rate; 147.9 percent per year O D. average; 247.9 percent higher in January 2018 than the average of 1982-1984
- ning Time: 09 minutes, 39 seconds. tion Completion Status: O E. frictional, cyclical, and structural unemployment. QUESTION 6 Suppose an individual earned a salary of $12,000 in 1970. If the CPI was 38.8 in 1970 and 258.8 in 2020, then the value of this individual's salary in 2020 dollars is approximately O A. $80,041. O B. $71,456. OC. 593,381. O D.$1,799. O E. $60,398. QUESTION7 If real GDP remains constant we know for sure that O A. output has declined. O B. output has risen but prices have remained constant. O C. prices have remained constant. O D. output has remained constant. O E. output has risen. QUESTION 8 All of the following factors have contributed to the rapid expansion of international trade since the 1980s, except for O A. progress in communications. O B. trade agreements. Click Save and Submit to save and submit. Click Save All Answers to save all answers.Which one of the following persons would NOT be considered unemployed? Select one: O a. Mr John, actively looking for part-time work to supplement pension income O b. A construction worker who has given up looking for work after 18 months without a job. O c. An auto worker vacationing in Florida during the layoff period, before the production of new models begins next month. He does not know for sure whether he will be called back to work when this happens, and looked for a new job last week. O d. A college student actively searching for a summer job.Between January 20JO and Janual'}• 2016, U.S.employment increased by 12.1 million workers, butthe number ol unemployed workers declined by mlly7.3 million. How are these numbers ronsistent witheach other? V.'hy might one expect a reduction in thenumber of people rounted as unemployed lo be smaUerthan the increase in the number of people employed?