A decrease in the efficiency of various employment agencies to find better matches for those looking for jobs will: Group of answer choices increase the natural rate of unemployment. not affect frictional unemployment. increase structural unemployment. increase cyclical unemployment.

What is the difference between the natural rate of unemployment vs. the full employment rate of unemployment? a) The natural rate of unemployment is the economy's long-run unemployme rate in the absence of government intervention while the full employment rate of unemployment is a policy preference initiated by Congress. Ob) The natural rate of unemployment ranges between 5-6% unemployment while the full employment rate of unemployment is lower, at about 4%. c) Both the natural rate of unemployment and the full employment rate of unemployment consist of the same 2 types of unemployment. d) All of the above are true.

Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called structural unemployment .frictional unemployment .the natural rate of unemployment .cyclical unemployment bO

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.

Assume the unemployment rate is 8.0%. Also, assume that the natural rate of unemployment is 5%. If frictional unemployment is twice that of structural unemployment, then how much is frictional unemployment? Expressed as a whole number: no percentage sign.

Frictional unemployment is the Frictional unemployment is the a) unemployment that results when people become disheartened about their chances of finding a job and so stop looking for work. b) portion of unemployment that is due to the normal working of the labour market. c) portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries. d) unemployment that occurs during recessions.

The natural rate of unemployment Multiple Choice   means that the economy will always operate at that rate.   means that the economy will always realize its potential output.   is equal to the total of frictional and structural unemployment.   is a fixed unemployment rate that does not change over time.

Due to our labor force aging, the natural rate of unemployment will start to fall. a) True b) False

By offering more generous unemployment insurance programs, European countries can expect to pay less in taxes than in the United States. workers to gain new skills quickly in response to fluctuations in the labor market. shorter periods of unemployment for their workers. longer periods of unemployment for their workers.

Which of the following would decrease the unemployment rate? an increase in the minimum wage an increase in the efficiency wage an increase in labor union membership government aid to retrain unemployed workers