If there is 3.5 percent frictional unemployment, 4 percent structural unemployment, and the actual rate of unemployment equals 6.5 percent, then the cyclical unemployment must be Multiple Choice 7.5 percent. -1 percent. 2.5 percent. 3 percent.

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

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.  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   d)  Answers B and C are both correct

The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Unemployment Type Frictional Cyclical Structural Total unemployment True Rate (Percent) 3.3 0.0 1.0 True or False: This economy is currently at its natural rate of unemployment. False 4.3

What type of unemployment do retraining programs seek to reduce?   How might government-funded retraining influence the natural unemployment rate? Retraining programs seek to reduce the amount of _______ unemployment because _______.     A. frictional; by giving workers the skills needed for the available jobs, people entering the labor force will immediately find employment   B. cyclical; by giving workers the skills needed for the available jobs, recessions can be avoided   C. structural; the programs aim to give workers the skills needed for the available jobs   D. all types of; the natural unemployment rate will fall

Labor force participation rate 60%, Population (assume everyone is over 16 years of age, civilian, non-institutionalized in this economy) 150 million, Unemployment rate=5% Calculate the number of people Employed

19 If the economy is at full employment, which of the following is true?   Group of answer choices There is no cyclical unemployment. There is zero unemployment. There is no structural unemployment. There is no frictional unemployment.

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 happens to the unemployment rate if discouraged workers were included in the labor force?   Question 16 options:   a)  The unemployment rate would decrease   b)  The unemployment rate could either increase or decrease   c)  Nothing, as discouraged workers are counted as unemployed.   d)  The unemployment rate would increase

Suppose the non-institutional civilian population in a nation is 120 million, of which 80 million are employed and 10 million are unemployed. From this, the labor force participation rate is ______, and the unemployment rate is ________. Select one: a. 66.7%; 12.5% b. 75%; 11.1% c. 75%; 12.5%

Jeb lost his job at Amazon when drones began to deliver packages. Jeb would be classified as which type of unemployment? Seasonal Unemployment Frictional Unemployment Structural Unemployment Cyclical Unemployment O Employed