In Exhibit 1, as production increases, firms resort to offering higher wage rates to attract the dwindling supply of unemployed resources in:     Group of answer choices the segment labeled ab. the segment labeled bc. the segment labeled cd. both segment bc and segment cd.

Question 2 )  The Happyland Population Secretariat published the following information in 2022:  Total population: 30 million  Labor force: 85% of the total population  Employed population: 23.5 million people Use the information provided to answer the following questions: i. Calculate the population that is excluded from the labour force in Woodland Republic in 2021 and indicate at least 4 sectors that are excluded from labour force. ( ANSWER b) (i): ii. Calculate the Happyland Republic’s unemployment rate in 2022.  Full explain this question and text typing work only thanks

Mark graduated from college as an accountant.  He currently works at Starbucks.  Which of the following statements is true?   Question 40 options:   a)  Mark is underemployed and counted as unemployed   b)  Mark is a discouraged worker and counted as employed   c)  Mark is underemployed and counted as employed   d)  Mark is a discouraged worker and counted as employed

Assume that a labor market has the following supply and demand functions: Ls = 197 + 7W LD = 665 - 7W where W is the wage. Insurance is added as a benefit for employees. Employers pay $12 per employee for insurance and the employees value the insurance at $14. What is the employee's real wage after insurance? ROUND TO TWO DECIMAL PLACES

The natural rate of unemployment Multiple Choice   means that the economy will always operate at that rate.   means that the economy will always realize its potential output.   is equal to the total of frictional and structural unemployment.   is a fixed unemployment rate that does not change over time.

Assume that a labor market has the following supply and demand functions: Ls = 179 + 8W %3D LD = 604 - 7W where W is the wage. Insurance is added as a benefit for employees. Employers pay $19 per employee for insurance and the employees value the insurance at $13. What is the new wage with insurance? ROUND TO TWO DECIMAL PLACES

Question C only- what is the labor force participation rate of Macroland for people between the ages of 18-65 in January.

Adult Population (civilian, non-institutionalized) 14,000 Employed 10,000 Unemployed 2,100 Not in Labor Force 1,900   The labor force participation rate is about: Group of answer choices 86.4% 13.6% 66.6% none of these is even close

FILL IN THE BLANKS The government utilizes fiscal policies to stimulate aggregate demand and reduce this type of unemployment. When the government subsidizes programs to train workers in new skills because of changes in technology, it is trying to reduce the amount of                   unemployment. If the government reduces the number of weeks an unemployed worker can collect unemployment insurance payments, then it is likely that                unemployment numbers would decrease. There is a relationship between a nation’s unemployment rate and its production which is represented by Okun’s Law. The law predicts that that for every 1% increase in unemployment there will be a                  decrease in gross domestic product (GDP).

Choose the most obviously correct option. Cyclical unemployment is positively related with the growth rate of output. In the last decades, the wage premium of high skill workers has increased because they have become relatively scarce. In the last decades, the wage premium of high skill workers has increased because recent innovations are biased in favour of skilled workers. The natural rate of unemployment increases in recessions and falls in expansions.