Measuring Inflation and Unemployment: End of Chapter Problem12. At the start of a recovery following a recession, employment begins to rise, and the news media reports data on job growth.As a result, discouraged workers start to return to the labor force.As a result of the above events, the unemployment rate wouldrise or fall.first rise and then fall.rise.fall.

Answered: 12. At the start of a recovery…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose an economy is experiencing the following rates of unemployment by type. Rate (%) Cyclically Unemployed 4.3 Frictionally Unemployed 4.8 Structurally Unemployed 4.2 The actual unemployment rate is Multiple Choice 13.3 percent and the natural rate of unemployment is 9.0 percent. 15.5 percent and the natural rate of unemployment is 13.3 percent. 9.0 percent and the natural rate of unemployment is 13.3 percent. 13.3 percent and the natural rate of unemployment is 15.5 percent
In which of the following cases will we observe unemployment? the quantity of labor demanded is greater than the quantity of labor supplied at the going wage rate. the wage is below the level that balances supply and demand for labor. there is a shortage of workers. the quantity of labor demanded is less than the quantity of labor supplied at the going wage rate.
Yermo, California, has a labor force of 5,000 persons and employment of 4,100. The unemployment rate for the city is? (Please specify answer in percentage. If answer is .06, then convert to percentage and enter 6. NO NEEDT TO ENTER % OR PERCENT SIGN. Convert answer by either moving decimal point two places to the right or multiplying by 100),
Scenario 1. Assume that frictional unemployment is 25; structural unemployment is 50; cyclical unemployment is 150; discouraged workers = 75; employed workers = 750; underemployed workers = 200. Use this information to answer the following 5 questions.Refer to Scenario 1. Is the economy at full employment? Question 15 options: a) Yes, because the unemployment rate is below 10% b) No, because the unemployment rate exceeds the natural rate of unemployment c) No, because cyclical unemployment exists in the economy d) Answers B and C are both correct
1) Suppose the job separation rate (s) of an economy is 0.01 and the job findings rate (f) is 0.2. The long run unemployment rate (u) is then 4.7%. Suppose the government is implementing a new law that helps unemployed people find jobs sooner. Which of the following is the most likely outcome? a) s increases and u decreases b) s decreases and u increases c) fincreases and u increases d) f increases and u decreases
a) What is the relationship of frictional, structural, seasonal and cyclical unemployment to the full-employment rate of unemployment (alternatively known as the natural rate of unemployment)? Discuss.
Q4. Assess whether the following would be counted as unemployed or not unemployed in the Current Employment Statistics survey. Write next to the sentence if it’s: A. Not unemployed or B. Unemployed
19 If the economy is at full employment, which of the following is true? Group of answer choices There is no cyclical unemployment. There is zero unemployment. There is no structural unemployment. There is no frictional unemployment.
12 State an example of one thing that will cause the unemployment to rise, but not the natural rate of unemployment. Explain why your example will not affect the natural rate.
12. Whats a possible explanation for the variations in unemployment over time and the variation in unemployment by age, gender, educational attainment, and race?
Suppose an economy is experiencing the following rates of unemployment by type. Rate (%) Cyclically Unemployed 1.5 Frictionally Unemployed 3.3 Structurally Unemployed 2.6 The actual unemployment rate is Multiple Choice 7.4 percent and the natural rate of unemployment is 5.9 percent. 5.9 percent and the natural rate of unemployment is 7.4 percent. 7.4 percent and the natural rate of unemployment is 10.1 percent. 10.1 percent and the natural rate of unemployment is 7.4 percent
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