The figure on the right shows the average monthly flows (in millions) between employment, unemployment, and non-participation for a hypothetical economy. According to the figure, the proportion of unemployed workers finding jobs in an average month is %. (Round your response to one decimal place.) U.S. data covering the 1996-2014 period show that the proportion of unemployed workers finding jobs has OA. an indeterminate relationship with the unemployment rate. OB. a strong inverse relationship with the unemployment rate. OC. a weak inverse relationship with the unemployment rate. OD. a strong positive relationship with the unemployment rate. Employment 165.8 million 1.9 2.6 1.7 5.3 Out of the Unemployment labor force 7.7 million 2.0 77.1 million
The figure on the right shows the average monthly flows (in millions) between employment, unemployment, and non-participation for a hypothetical economy. According to the figure, the proportion of unemployed workers finding jobs in an average month is %. (Round your response to one decimal place.) U.S. data covering the 1996-2014 period show that the proportion of unemployed workers finding jobs has OA. an indeterminate relationship with the unemployment rate. OB. a strong inverse relationship with the unemployment rate. OC. a weak inverse relationship with the unemployment rate. OD. a strong positive relationship with the unemployment rate. Employment 165.8 million 1.9 2.6 1.7 5.3 Out of the Unemployment labor force 7.7 million 2.0 77.1 million
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 2P
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Transcribed Image Text:The figure on the right shows the average monthly flows (in millions) between employment,
unemployment, and non-participation for a hypothetical economy.
According to the figure, the proportion of unemployed workers finding jobs in an average
month is %. (Round your response to one decimal place.)
U.S. data covering the 1996-2014 period show that the proportion of unemployed workers
finding jobs has
O A. an indeterminate relationship with the unemployment rate.
OB. a strong inverse relationship with the unemployment rate.
OC. a weak inverse relationship with the unemployment rate.
OD. a strong positive relationship with the unemployment rate.
Employment
165.8 million
1.9
4.7
2.6
1.7
5.3
Unemployment
Out of the
labor force
7.7 million
2.0
77.1 million
G
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