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

11) Explain what is meant by ‘involuntary unemployment’ and how economists from different schools of thought might address it?

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

EXPLAIN.....  In the long run, the unemployment rate is determined by ____. the rate of cyclical unemployment the rates of frictional and structural unemployment the rate of structural unemployment the rate of frictional unemployment

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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.  What is the size of the labor force?   Question 12 options:   a)  1175   b)  750   c)  975   d)  1250

In response to the covid-19 pandemic, many governments responded by an economic stimulus package to mitigate the negative impact of the pandemic on affected families. Changes in economic policies will frequently have an impact on the unemployment rate. Explain whether each of the policy changes described is likely to: (1) affect frictional or structural unemployment and (2) increase or decrease the measured unemployment rate.a) An increase in the number of weeks of employment insurance that unemployed workerscan receive. b) An increase in the minimum wage rate  a) The government introduced new job-training programs to help people who lost their jobs in the affected sectors switch to other sectors.

QUESTION 13 "Consider the labor market in year 2021 but now assume that wages are totally rigid and cannot adjust during 2021. In this year business owners predict low sales for the years to come. As a result, they reduce labor demand. Draw the new equilibrium in a diagram and label it as point C. Use the following equations to find the new equilibrium: LD-70.000-w, LS-b+2w, where b-10,000. What is the unemployment rate? Keep in mind that wages are totally rigid and use the diagram to help you understand what is going on." 43 percent 22 percent. O 20 percent None of the other options

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

Link the below reasons for the existence of unemployment (left) with the relevant type of unemployment and unemployment theory (right): 1. Job seekers need time to learn about and find available jobs. This explains why unemployment and job vacancies are observed to coexist. a. Frictional unemployment the Job search model. b. Structural unemployment efficiency wage theory. c. Seasonal unemployment seasonal variation in the demand for workers (in certain sectors). d. Cyclical & seasonal unemployment reasons for downward wage rigidity. e. Cyclical unemployment the Job search model. f. Structural unemployment the Sectoral Shifts hypothesis. g. Cyclical unemployment Intertemporal Substitution hypothesis. 2. Unemployed job seekers might not have the skills in demand by employers. a. Frictional unemployment the Job search model. b. Structural unemployment efficiency wage theory. c. Seasonal unemployment seasonal variation in the demand for workers (in certain sectors). d.…