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: explain how  labour could be a factor for the unemployment rate

A: When a worker is unemployed, it means that they have tried to find job at the going rate of pay but…

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: When the following events happen, does the unemployment rate rise, fall, or stay the same? Briefly…

A: The unemployment rate is the proportion of employed people who are also unemployed in a given…

Q: Explain each of the four types of unemployment

A: Unemployment refers to the state of being without a job and actively seeking employment. It is a…

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: 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: What is the current U.S. unemployment rate? Why has it changed over the last years or so?

A: Unemployment is a situation where people are jobless in spite of having knowledge and skills.…

Q: What is meant by the full employment or the natural rate of unemployment? Which type of unemployment…

A: In an economy, unemployment refers to the situation when labor supplied exceeds labor demand in the…

Q: Describe why this is so.

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

Q: When the unemployment rate rises, why is the problem even worse than the number indicates?

A: Unemployment rate is calculated by dividing the number of people unemployed in the economy by the…

Q: If a higher minimum wage is introduced, what happens to unemployment

A: Unemployment refers to the market condition when not all the workers are getting job or it can be…

Q: In 1929 the US had an unemployment rate of approximately 3.2%, or 1.6 million people unemployed, yet…

A: Full employment is an economic situation in which the most productive use is made of all available…

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: Explain whether it is possible for the amount of employed people to decrease while the unemployment…

A: Unemployment Rate = Total Unemployed / Labor Force * 100 Labor Force = Employed + Unemployed

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 is the link between recession and the variation in unemployment?

A: Recession: During the recession period, the level of economic activities declined. During the period…

Q: Is zero unemployment desirable? explain

A: >Unemployment can be categorized in three different ways: 1. Frictional Unemployment: This type…

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…

Q: What is the trend on long-term unemployment and why does it hurt more than the short term…

A: The situation that depicts people who are in turn able and also willing to work but are not able for…

Q: During which period is inflation and unemployment inversely related?

A: The inverse relationship between inflation and unemployment can be explained by the short-run…

Q: Discuss how it is simultaneously possible for “most” unemployment to be due to short spells and for…

A: Unemployment refers to individuals who are employable and also seeking a job but are unable to find…