Exploring Macroeconomics
8th Edition
ISBN: 9781544337722
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Question
Chapter 10, Problem 5P
To determine
(a)
To find:
The types of
To determine
(b)
To find:
The types of unemployment to be affected with the given change and whether the employment will increase or decrease.
To determine
(c)
To find:
The types of unemployment to be affected with the given change and whether the employment will increase or decrease.
To determine
(d)
To find:
The types of unemployment to be affected with the given change and whether the employment will increase or decrease.
To determine
(e)
To find:
The types of unemployment to be affected with the given change and whether the employment will increase or decrease.
To determine
(f)
To find:
The types of unemployment to be affected with the given change and whether the employment will increase or decrease.
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Students have asked these similar questions
In the beginning of a recovery after a recession, employment begins to rise and the news media report these data on job growth. a) would such a report have an impact on the labor force ? b) how would it effect the unemployment rate?
Full employment:
a. will always include some unemployment.
b. exists when everyone in the labor force has a job.
c. exists when, on average, nearly two out of three adults in the labor force are employed.
d. exists when everyone who wants a job has one.
e. exists when the unemployment rate is zero.
What type of unemployment does each of the following represent? Explain your answers.
Q1. Migrant farm workers’ employment is terminated when the harvest is finished.
Q2. Workers at the car plant are laid off as a result of a slump in motorcar sales.
Chapter 10 Solutions
Exploring Macroeconomics
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Similar questions
- For the following situations, identify the type of unemployment each represents. a. Because of the decline in the U.S. birth rate, baby clothes manufacturers are laying off workers. b. Bill decided to relocate to Texas. He quit his present job and found a new job in Texas three weeks later. c. As interest rates continue to rise, the sale of new homes decreases. This has caused an increase of unemployed construction workers.arrow_forwardimportance of employment and unemployment? explain both terms.arrow_forwardUnder which of the following conditions will the unemployment rate rise? Select one: a.When the numbers of jobs being created in the economy exceeds the growth in the labour force. b.When the number of people who are unemployed rises. c.When the number of jobs being created in the economy is less than the growth in the labour force. d.When the participation rate is rising.arrow_forward
- Economics How will the following changes affect the natural rate of unemployment? Specifically, do they increase or decrease the natural rate of unemployment? Do they affect frictional unemployment or structural unemployment? a. Union membership increases. b. The government shortens the time during which an unemployed worker can receive unemployment benefits. c. The government increases the minimum wage. d. Greater access to the Internet leads both potential employers and potential employees to use the Internet to list and find jobs.arrow_forwardWhat type of unemployment does each of the following represent? Explain your answers. Q.6.3 Migrant farm workers' employment is terminated when the harvest is finished. Q.6.4 Workers at the car plant are laid off as a result of a slump in motorcar sales. Q.6.5 Worker decides to resign from his firm to find himself, so he can follow his passion and apply for a different job in a near future.arrow_forwardwhat are some causes and effects of unemployment on the economy? what are some ways to combat these problems?arrow_forward
- What type of unemployment (cyclical,frictional,or structural) applies to each of the following: a. landscapers laid off in response to drop in new housing construction during a recession. b. coal miners laid off due to EPA regulations that shut down coal fired power c. a financial analyst who quits his/her job in Chicago and is pursing similar work in Arizona d. printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote an advertise their products. e. factory workers in the U.S. laid off as the plants shut down and move to Mexico and Ireland.arrow_forwardWhat is likely to happen to unemployment rates when a country experiences an economic boom? A. Unemployment rates will increase. B. Unemployment rates will decrease. C. Unemployment rates will remain unchanged. D. Unemployment rates will initially decrease, then sharply increase.arrow_forwardWhen there is an increase in the duration of unemployment, the U.S. Congress typically responds by Select one: a. extending unemployment benefits. b. encouraging unemployed U.S. workers to seek employment overseas. c. lowering income taxes. d. redefining "unemployed" so the unemployment rate does not look so bad.arrow_forward
- In February 2020 the number of unemployed in the U.S. was 5.8 million and the unemployment rate was 3.5%. The vast majority of the people who were then unemployed A. were experiencing structural unemployment arising from a mismatch between skills and job requirements. B. were experiencing cyclical unemployment due to a slowdown in economic activity. C. were experiencing structural unemployment which is a type of unemployment very difficult to resolve without government intervention. D. were experiencing either cyclical or structural unemployment. E. were experiencing either frictional or structural unemployment, but not cyclical unemployment.arrow_forwardEconomic On average, it takes 3 months for an unemployed person to find a job. A job lasts for 30 months on average. The labor force stays constant. Find the long-run (steady-state) unemployment ratearrow_forwardEconomists use labour-market data to evaluate how well an economy is using its most valuable resource— its people. Two closely watched statistics are the unemployment rate and the employment-population ratio. Explain what happens to each of these in the following scenarios. In your opinion, which statistic is the more meaningful gauge of how well the economy is doing? a. An auto company goes bankrupt and lays off its workers, who immediately start looking for new jobs. b. After an unsuccessful search, some of the laid-off workers quit looking for new jobs. c. Numerous students graduate from college but cannot find work. d. Numerous students graduate from college and immediately begin new jobs. e. A stock market boom induces newly enriched 60-year-old workers to take early retirement. f. Advances in healthcare prolong the life of many retireesarrow_forward
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