In the short run, there is a positive relationship between   A. inflation and unemployment   B. inflation and real GDP   C. the actual price level and aggregate quantity supplied   D. the actual price level and unemployment   E. the actual price level and consumption spending

Q: Which of the below is true about the above case? a. The natural rate of unemployment is above the…

A: Initial Equilibrium: => Y = A * K^0.5 * L^0.5 => Y = 9 * 16^0.5 * 9^0.5 => Y = 9 * 4 * 3…

Q: An increase in aggregate demand will cause the unemployment rate to _______, the GDP growth rate to…

A: Aggregate demand refers to the total demand for goods and services in the economy by all the…

Q: 1. Using your own words, give an example of a person not in the labor force. What is the labor force…

A: As you have not mentioned exact question, as per our policy, I am answering first question.

Q: Suppose that the unemployment rate is equal to the natural rate of unemployment. Which of the…

A: At full employment, Real GDP is equal to Potential GDP.

Q: Which of the following statements is correct?   a. Inflation and unemployment are negatively…

A: Concepts:Inflation- It is the situation when the power of purchasing of a currency decreases over a…

Q: What is likely to happen to unemployment rates when a country experiences an economic boom? A.…

A: The issue here is to comprehend the impact of a period of prosperity on joblessness rates in a…

Q: QUESTION 22 If the price level is falling, the economy is experiencing a.…

A: If the price level is falling,there is deflation.

Q: Which of the following statements is TRUE? a. the unemployment rate does not tell anything about…

A: Duration of unemployment implies the length of time a person is classified as unemployed.…

Q: Bob cannot find a job because he does not have the required skills.

A: Lack of required skill will leads to jobless.

Q: A. Define a "discouraged worker" B. Indicate what may be happening in the economy when the…

A: Answer: A. Discouraged workers: Discouraged workers are the unemployed workers who have stopped…

Q: ite.

A: Unemployment Rate is defined as the ratio of number of unemployed people to the labor force. It is…

Q: An economy’s natural rate of unemployment is the a.        economy’s long-run target level of…

A: The natural rate(e) of unemployment is the least level that a solid/healthy economy can sustain…

Q: Matilda just graduated from college. In order to devote all her efforts to college, she didn't hold…

A: Basics:- Labor Force:-  All the people who are either employed or looking for jobs, counted as…

Q: Which of the following statements is not correct? OA. In 1985, the U.S. economy was in recession.…

A: The Natural rate of unemployment is a concept given by Milton Friedman. It is that rate of…

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A: The number of unemployed people divided by the total labor force and multiplied by 100 is how the…

Q: Q)Michael quits his part-time job and goes to school. The measured unemployment rate would   A.…

A: Unemployment rate can be defined as the percentage of the labour force who are available and…

Q: In period of recession, actual unemployment rate is  a. Lower than the natural rate of unemployment…

A: As a lagging indicator, the unemployment rate often increases or decreases in response to changing…

Q: Which statement is true about inflation? A. As inflation rises, unemployment usually stays the same.…

A: The situation that depicts a general rise in the level of prices of goods and services in the…

Q: An unexpected increase in aggregate demand causes   A. the unemployment rate to​ fall, with no…

A: Aggregate Demand: Economic growth in the short term is caused by a rise in aggregate demand (AD). If…

Q: as the slope of the aggregate supply curve increase, this indicates that; a. inflation will be less…

A: When slope of aggregate supply curve increases,economy would be moving towards potential GDP.

Q: Consider an economy with a labor force of 100 million people. Each period, 60% of the unemployed…

A: Given: In the economy, the labor force is = 100 million The unemployed population finds the job at =…

Q: During 2008-2009, the U.S. economy suffered a 3.1% cumulative loss of GDP, which is equivalent to a…

A: Generally,  an annual average growth of GDP of the U.S. is around 3%. This is because growth rate of…

Q: 2. During recessions, output a and unemployment both fall b. and unemployment both rise c. rises,…

A: 2) Recession refers to a massive decrease in economic activities, which is usually caused by…

Q: A falling price level is called as   a.  disinflation.   b.  deflation.   c.  a…

A: In economics, price refers to the market value of a good or service as it is the amount of money…

Q: Emily works at a bar. She was laid off due to the detrimental effects of the coronavirus on the…

A: The term unemployment refers to condition where people who are actively searching for a job cannot…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Option a: This option is incorrect because deflation refers to the decrease in the general price…

Q: A mild period of falling incomes and rising unemployment is called a:       A.  business cycle…

A: The period of boom and bust is the alternating periods of economic development and decline is the…

Q: Recent economic news includes:   a. . Grocery prices falling to the lowest level since before…

A: A mixed picture of encouraging and unsettling trends can be seen in recent economic developments.…

Q: Inflation is known as a because it

A: Inflation means an increase in the general price level of goods and services in an economy during a…

Q: One factor which did not influence the levels of real output and employment in the labor market was…

A: The correct answer is given in the second step .

Q: If some of unemployed individuals became discouraged workers, which of the following would result?…

A: It has been stated that some of the unemployed individuals became discouraged workers. Discouraged…

Q: John Maynard Keynes fundamentally disagreed with Adam Smith in that according to Keynesian Theory:…

A: The theories of the economist giants smith and Keynes have been bridged apart from their school of…

Q: During a​ recession, the Part 2 A. cyclical rate of unemployment is positive. B. cyclical rate…

A: Answer: Cyclical unemployment: cyclical unemployment occurs due to changes in the business cycle.…

Q: In 2019, there were approximately 163 million people in the labor force and the unemployment rate w…

A: The percentage of adults in an economy who are either employed or who are unemployed and looking for…

Q: Economists believe that the United States is experiencing full employment when the unemployment rate…

A: An economic scenario known as full employment occurs when all of the labour resources are being…

Q: Suppose that the E.U. economy goes into an expansion. Canadian real GDP​ ________ and Canadian…

A: The expansion in the economy occurs when the economic activities are given a boost in the…

Q: The natural rate of unemployment is   a. when the economy is at potential GDP.   b. when the…

A: The natural rate of GDP occurs when there is full employment ie everyone who is willing to work has…

Q: When the real wage decline, it must be the case that  a. Nominal wage is declining b. Real wage is…

A: Wage: - In economics wage is the factor income or monetary reward received for the supply of labor.

Q: A relatively mild period of falling incomes and rising unemployment is called a(n)a. depression.b.…

A: Recession: The recession is the temporary decline in economic activity at a period of time. During a…

Q: 4. As of July 2015, the unemployment rate in the United States was 5.5 percent. What would…

A: Answer: Unemployment rate: it refers to the ratio of unemployed to the labor force. The unemployment…

Q: How does an increase in the minimum wage affect unemployment levels in a perfectly competitive labor…

A: The issue is to determine the effect of an expansion in the lowest pay permitted by law on…

Q: 18. Mr. Ma owns a pizza shop with AVC = $70 and ATC = $98. It is a competitive market and the market…

A: As per our honor code, we are allowed to answer only one question at a time. Please resubmit the…

Q: 60. Over the course of an economic expansion or boom we typically see GDP growth that is the…

A: GDP(gross domestic product) is the sum total of value of final goods/services produced in an economy…

Q: What is likely to be true at the trough of the business cycle? A. Real GDP, unemployment, and…

A: Trough of te business cycle: The lowest point in an economic cycle, representing a period of…

Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.