Describe the natural rate of unemployment

Illustrate and explain the relationship between inflation and unemployment

Question 2 1 pts If discouraged workers are included in the determination of the unemployment rate, what effect will it have on the computed rate? There is no relationship between discouraged workers and the unemployment rate determination. It will lower it because it will reduce the number of unemployed. There will be no impact. O It will raise it because there are always discouraged workers.

s Assume you have the following information about an economy: Labor Force of an Economy Sumber of People (nillions) 243.8 153.6 90.2 144.2 Population over age 16 Labor force Not in the labor force Employed Unemployed Instructions: Round your answers to two decimal places a. What is the unemployment rate in this economy? b. What is the labor force participation rate? c. Assume that 0.9 million discouraged workers decide to start looking for work again, thereby increasing the number of officially unemployed workers by 0.9 million. What is the unemployment rate now? d. What is the new labor force participation rate?