Is it feasible for both the number of employed individuals in the economy and the unemployment rate to rise at the same time?  Explain why or why not.

Q: When the following events happen, does the unemployment rate rise (R), fall (F), or stay the same…

A: Since number of unemployment people increase, unemployment rate increases (R).

Q: what is the main difference between employment and unemployment?

A: Introduction: Employment is the state of having a job or regular work that provides a salary or…

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: Define the following causes of unemployment: frictional, structural, and cyclical. Which of these…

A: Aside from unemployment theories, a few forms of unemployment are used to model the effects of…

Q: What happens to the labor force participation rate when employed individuals are reclassified as…

A: ANS LFPR is the % of the total working-age population those who are either employed or unemployed…

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: How does structural unemployment differ from frictional unemployment?

A: Structural unemployment: Structural unemployment refers to the unemployment that occurs due to the…

Q: Suppose the National Assembly passes legislation making it more difficult for firms to fire workers.…

A: The labor market consists of labor demand by businesses and labor supply by households. The point…

Q: If part-time employment is increasing, full-time employment is decreasing. Answer true, false, or…

A: In an economy, a part-time employment refers to the situation when workers work for kes than 35…

Q: Explain why frictional and structural unemployment are unavoidable in an economy. Examine the…

A: The unemployment is the economic situation in which people are willing to work at the prevailing…

Q: Suppose that the adult population consists of 19.04 million, those not in the labour force are 7.56…

A: The labor market of the economy determines the equilibrium wage rate and the quantity of labor…

Q: Which of the following types of unemployment is experienced when workers are moving between jobs?…

A: In simple words, When a person is able to find a job then this is known as unemployment The types of…

Q: Describe why this is so.

A: Frictional unemployment is caused when people are switching their jobs and it depends on the age…

Q: Does the duration of unemployment matters? Explain your answer.

A: Unemployment in the economy occurs when an individual capable of working and possess the skills to…

Q: The population of Coukouville is 10,000. Of that number 2,000 are under 16 or institutionalized,…

A: You're given the following information:Total population of Coukouville: 10,000Number of people under…

Q: Suppose that the number of non-institutional civilian (working age) population is 150 million. Of…

A: We are going to use a labor force definition to answer this question

Q: importance of employment and unemployment? explain both terms.

A: Definitions:   employment is a significant piece of the economy, social, and natural advancement…

Q: Jake is a full-time worker. Today, he is fired from his job, and he suddenly decides to retire. Due…

A: Here, jr is given that that an lost his job and become unemployed, but at the same time, he decides…

Q: Since the United States has an unemployment compensation program that provides income for those out…

A: Unemployment is a term which refers to individuals who are employable and also seeking to find a job…

Q: Find the relative change in unemployment from January 2005 to December of 2015.

A: Relative change in the unemployment rate from January 2005 to December 2015 can be calculated by…

Q: Is it ever possible to have zero unemployment in an economy? Why or why not? Explain in details

A: Economic growth and unemployment are the two most important economic variables. All the policies and…

Q: Distinguish between the level of unemployment and the rate of unemployment

A: Unemployment can be defined in a lot of ways. One common way to define unemployment is as a state in…

Q: How can seasonal unemployment be alleviated? Should it be alleviated? Why or why not?

A: Seasonal unemployment means a situation when individuals are not having jobs(unemployed) at…

Q: What term describes the remaining level of unemployment that occurs even when the economy is…

A: If the economy is healthy and still have unemployment, then this term is described by natural…

Q: What can be done to decrease unemployment rates?

A: The unemployment rate is derived by dividing the total number of people in the labour force by the…

Q: If you are out of school but working part time, are you considered employed or unemployed in U.S.…

A: According to the U.S. labor statistics, any individual who lies under working age population and…

Q: Retirement is a fulfillment of the life you built for yourself and your family, and retirement…

A: The proportion of the population that is employed or actively seeking employment is known as the…