At what output level would the actual rate of unemployment equal the economy's natural rate of unemployment in Figure 10-7? O Y1 at any output greater than y2 O v2 at any output less than y1

What is the quantity of real GDP produced if the real wage rate is at the full-employment equilibrium level? If the real wage rate is at the full-employment equilibrium level, real GDP is O A. equal to potential GDP, which is efficient but is not the most that can be produced. O B. equal to potential GDP, which is the most that can be produced O C. at its highest attainable and efficient level O D. at or below potential GDP depending on the level of employment Click to select your answer.

If there are 3 million discouraged workers, 2.4 million marginally attached workers, the labor force is currently 102.5 million, and the unemployment rate is 5.2%, how many people are unemployed in this country? O 5.2 million O 5.33 million O 8.33 million O 10.73 million

Please answer ALL of the questions below!!! Make sure it is 100% correct!!!

Given labour market equilibrium with identical workers, as set out in CORE Select one or more: O a. Unemployment is always voluntary b. Workers who are involuntarily unemployed cannot gain a job at any wage O c. A Nash equilibrium exists O d. Measured unemployment will be zero

P3

Answer the following three (3) questions on the basis of the following information about a hypothetical economy: Full-time workers 175.2 million Part-time workers 39.0 million Unemployed workers ("actively seeking..") 10.8 million "Discouraged workers" 5.0 million Retirees 38.0 million "Underground economy" 1.0 million TOTAL POPULATION 350 million Question 31 The unemployment rate is: O 5.5% O 4.5% O 6.3% O 4.8% Question 32 If "discouraged workers" were included in the calculations, what would the unemployment rate be? O 7.6% O 6.8% O 7.0% O 7.2%