The unemployment rate for the economy in Exhibit 12-2 is: Select one: O O O O a. 21.5 percent. b. 30.5 percent. c. 12.8 percent. d. 22.2 percent.
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Q: According to the data above, cyclical unemployment is 0% O A. Ò B. 2.38% OC. O C. 5.55% 6.25% O D.
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Q: Suppose that 22 million people are employed, 2 million people are unemployed, and 44 million people…
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Q: Select one: O a. It is impossible to say anything about cyclical unemployment without actual…
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A: Correct answer "option d- 2017".
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- Which of the following hypothetical policy changes could lower the official unemployment rate in the Philippines? (i) Increasing the mandatory retirement age in the private sector from 60 to 65 years old (ii) Increasing the years of basic education from 12 years to 13 years (iii) Expanding unemployment benefits provided by the Social Security System in terms of period of eligibility and amount O a. Only (ii) O b. Only (i) and (ii) O c. O d. Only (i) Only (iii)The Suppose the world price of tobacco falls significantly. The demand for labor among tobacco-producing firms in Kentucky will demand for labor among cigarette manufacturing firms in Virginia, which use tobacco as an input, will The temporary unemployment that results from sectoral shifts such as the ones describes above is best categorized as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks Increasing the benefits offered to unemployed workers through the government's unemployment insurance program Establishing government-run employment agencies to connect unemployed workers to job vacanciesThe labor force in your country consists of 225 million people. Of these, 205 million have jobs. What is the unemployment rate in your country? Select one: a. 6.9% O b. 12.3% O c. 8.9% O d. 10% Check
- Suppose the existing labor force inside the country is 1,000,000 persons, of whom 900,000 are employed and 100,000 unemployed. Suddenly 100,000 overseas workers are thrown out of their jobs overseas and must return home. Of these, 95,000 become employed while 5,000 have difficulty finding jobs and are unemployed. As a result of this development, the unemployment rate of the country__from____to___ O a. rises; 11 percent; 11.6 percent O b. falls; 10 percent; 9.5 percent O c. rises; 10 percent; 11 percent O d. falls; 11 percent; 10 percentThe graph refers to a large increase in gasoline prices. Price Level P₂ P1 Which of the following is likely to result? O a rise in inflation Y2 Y1 O long run economic gains O short run economic gains O natural rate of unemployment remains constant AS AS AD Real National Income1. All types of unemployment are natural except one, which is................................2. In perfect competition market, a firm will make normal profit if the price intersectswith marginal cost (MC) at a level equal to....................3. When the prices of inputs that are used to produce a good fall down, the supply will.............................. 4. The inferior good is the good that we demand more as our income .....................5. In market equilibrium, when the price of complement in production decreases, theprice in the new equilibrium point will be ................6. In market equilibrium, when the price of complement decreases, the new equilibriumquantity will be ................7. In market equilibrium, when demand decreases by equal magnitude to an increase insupply, the equilibrium price will be ................8. The demanded of a good ..................... if the price of complement good increases.9. When nominal GDP in a given year is higher than real GDP,…
- The natural rate of unemployment is: found by dividing total unemployment by the size of the labor force. that rate of unemployment occurring when the economy is at its potential output. lower than the full-employment rate of unemployment. O higher than the full-employment rate of unemployment.17. Ronald Reagan claims that his tax reform plan will incentivize businesses to invest in new equipment and the new equipment will help raise productivity for workers. Assume he is right. How will the higher level of productivity impact wages and employment? a. w 1, L ↑ b. w J, L I c. w ↑, L ↑ d. w 1, L INo Plagirism Please! 15. Formulate reasons as to why a recession might occur. Then, hypothesize how total economic output and prices will behave in the years following the recession. 16. Explain the three main types of unemployment experienced within an economy. Provide at least one example demonstrating each type of unemployment
- 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 GQuestion 17The estimate of the current natural rate of unemployment rate in the United States is approximately Select one: a. 0 percent. b. 0.5 percent. c. 10 percent. d. None of these.