Which of the following conditions would not be studied by the macroeconomist? A) the level of national unemployment during 1988. B) the effect of government economic policy on the inflation rate during 1987 C) the effect of changing petroleum prices on the demand for coal D) the effect of lower income taxes on the rate of economic growth

Which of the following is INCORRECT? In a typical month more than 5 percent of workers leave their jobs. Frictional unemployment is inevitable in a dynamic economy. Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards. At least 10 percent of U.S. manufacturing jobs are destroyed every year.

answer oll parts

Canada has an employment insurance program (El) that provides income for those out of work. In this framework unemployment is a) still a problem because the employment insurance program provides only eligible unemployed persons with a small amount of funds that may not even be enough to cover their basic needs. Moreover the unemployed workers are sitting idle, not producing goods and services for consumption. b)not a problem because the employment insurance program is available to all workers in all occupations and provides sufficent funds to cover all of the worker's needs until they find another job. Moreoever there are enough goods and services available for consumption even if some workers sit idle. c)not a problem because the employment insurance program covers more than 70% of Canadian workers and this provides enough of the unemployed enough funds to cover their basic needs until they find another job. d)still a problem because the employment insurance program is not available…