If millions of people quit looking for a job this month what would happen? The unemployment rate would ___ and the labor force would

Q: Name two jobs that you think would be affected by seasonal unemployment. Explain why they would be…

A: Seasonal unemployment: It is a type of unemployment in which people remain unemployed during…

Q: What is the difference between being unemployed and being out of the labor force? How do you…

A: Unemployed people are those who do not have a job, have actively sought for employment in the…

Q: what stage of the business cycle immediately follows the trough ?

A: After trough,recovery is immediately followed.

Q: Draw a graph where inflation and unemployment increase.

A: When inflation increases and unemployment increases, it means that aggregate supply is decreasing,…

Q: In 2016, NY had a population of 14,398,000 and a total workforce of 9,100,000. At the time, there…

A: The labor force participation rate is a measure used to assess the working-age population of a…

Q: s

A: Employment rates are defined as a measure of the extent to which (people available to work or the…

Q: Explain why there will always be some unemployment when the labour market is in equilibrium.

A: Unemployment can be defined as a situation in which individuals who are employable and seeking a job…

Q: Why is the unemployment rate sometimes high and sometimes low?

A: Unemployment happens once folks area unit while not work whereas actively looking for employment.…

Q: How is the producer price index calculated?

A: The producer price index is the measure of the average prices that are received by the producers of…

Q: Why do you think that unemployment rates are lower for individuals with more education?

A: Unemployment means when an individual is not engaged in any economic activity or he/she is searching…

Q: Explain that how the Government solves the Unemployment problem?

A: Unemployment arises when the economy is slowing down, or in a recession, such that aggregate demand…

Q: What is the difference between being unemployed and being out of the labor force?

A: The total labor force in an economy consists of all those people who are employed as well as…

Q: What is seasonal unemployment?

A: Seasonal unemployment: Seasonal unemployment occurs when the workers or laborers don't get work…

Q: What is Mexico's unemployment rate?

A: Unemployment demonstrates the economic phenomenon where individuals want to work and are also able…

Q: What is the business cycle?

A: Since you have posted multiple independent questions in the same request, we will solve the first…

Q: What could explain why unemployment is lower among workers with a relatively higher level of…

A: The labor market maintains a wage bias in favor of improved human capital and skills.The highly…

Q: How does the presence of a discouraged worker affect the unemployment rate?

A: Let us first explain certain concepts related to unemployment rate.Labor force: In an economy, labor…

Q: If 1 million people are unemployed and 9 million people are employed how large is the labor force?…

A: People who are willing to do work but cannot find job are considered as unemployed. People who are…

Q: What type of unemployment does each of the following represent? Explain your answers. Q1. Migrant…

A: 1.The Seasonal Unemployment implies the demand for a particular sort of work and labourers change…

Q: what are the proposed solutions to reduce unemployment

A: When job-seeking employees are unable to obtain employment, unemployment results. While…

Q: Nuku has an unemployment rate of 4.3%. There are 10,430 people who are working or have work. How…

A: "In economics unemployment means people who want to work and are actively seeking for jobs but…

Q: If 2 million people are unemployed and 8 million people are employed, calculate the unemployment…

A: The unemployment rate is the percentage of people in the labour force who are unemployed. Measuring…

Q: Assuming a perfectly competitive labor market, what should an increase in the minimum wage do to the…

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…

Q: What is being done to end unemployment in the U.S.

A: Answer - Measures to decrease unemployment in U.S. - 1. Stimulus for industries in crisis - U.S.…

Q: Should the government replace the wages of anyone who is unemployed? How might this affect output…

A: If unemployed person paid by a fixed amount by the state or trade unions, is known as the…

Q: What are the different types of unemployment? Which of these is most likely to be affected by…

A: Unemployment means the people who are actively looking for job but it not able to find the job. It…

Q: Peter is laid off from his job as a bank teller due to the rise of online banking transactions which…

A: In an economy, an individual will be unemployed due to their personal reason or due to the changing…

Q: What is the unemployment rate of Germany for the last five years

A: The given table below shows the unemployment rate in Germany

Q: what are some causes and effects of unemployment on the economy? what are some ways to combat these…

A: Unemployment is a situation when an able bodied man or woman, who is willing to work at the…

Q: Unemployment is a major concern for the United States and across industrialized nations. But what is…

A: The unemployment rate is a measure used to assess the percentage of the labor force that is…

Q: what is prices and unemployment

A: Ans. There is no relationship between price and unemployment Explain both term price and…

Q: Suppose statistics show that the number of employed workers has increased in Economy A, but the…

A: Unemployment rate is given as  UR= (Number of unemployed/ total labor force)*100 Total labor force =…