Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN: 9781305971509
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 15, Problem 9PA
Subpart (a):
To determine
Case of Structural unemployment .
Subpart (b):
To determine
Case of Structural unemployment.
Subpart (c):
To determine
Case of Structural unemployment.
Subpart (d):
To determine
Case of Structural unemployment.
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Economists use labor-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 (calculated as the percentage of the adult population that is employed).
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An auto company goes bankrupt and lays off its workers, who immediately start looking for new jobs. After an unsuccessful search, some laid-off workers quit looking for new jobs. Numerous students graduate from college and immediately begin new jobs. Advances in health care prolong the lives of many retirees.
If wages are rising over time, what would you predict about the trend in the labor force participation for each of the two populations?
Economists use labor-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 (calculated as the percentage of the adult population that is employed).
Indicate what happens to the unemployment rate and the employment–population ratio in each of the following scenarios.
Scenario
Effect On...
UNEMPLOYMENT RATE
EMPLOYMENT POPULATION RATION
Many previously laid-off workers find jobs in new startup firms as the economy expands.
(DECREASE, INCREASE OR STAY THE SAME)
(DECREASE, INCREASE OR STAY THE SAME)
After an unsuccessful search, some laid-off workers decide to go back to school as full-time students.
(DECREASE, INCREASE OR STAY THE SAME)
(DECREASE, INCREASE OR STAY THE SAME)
As a result of an economic boom, many students drop out of school and start working as soon as they become adults.
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Chapter 15 Solutions
Principles of Macroeconomics (MindTap Course List)
Ch. 15.1 - Prob. 1QQCh. 15.2 - Prob. 2QQCh. 15.3 - Prob. 3QQCh. 15.4 - Prob. 4QQCh. 15.5 - Prob. 5QQCh. 15 - Prob. 1CQQCh. 15 - Prob. 2CQQCh. 15 - Prob. 3CQQCh. 15 - Prob. 4CQQCh. 15 - Prob. 5CQQ
Ch. 15 - Prob. 6CQQCh. 15 - Prob. 1QRCh. 15 - Prob. 2QRCh. 15 - Prob. 3QRCh. 15 - Prob. 4QRCh. 15 - Prob. 5QRCh. 15 - Prob. 6QRCh. 15 - Prob. 7QRCh. 15 - Prob. 1PACh. 15 - Prob. 2PACh. 15 - Prob. 4PACh. 15 - Prob. 5PACh. 15 - Prob. 6PACh. 15 - Prob. 7PACh. 15 - Prob. 8PACh. 15 - Prob. 9PACh. 15 - Prob. 10PA
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