Macroeconomics
11th Edition
ISBN: 9781260506891
Author: Colander
Publisher: MCG
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Question
Chapter 6, Problem 2IP
To determine
Fall of
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In 1929 the US had an unemployment rate of approximately 3.2%, or 1.6 million people unemployed, yet most economists suggest we were at full employment. What do economists mean by "full employment"?
Since the United States has an unemployment compensation program that provides income for those out of work, why should we worry about unemployment?
When the unemployment rate rises, why is the problem even worse than the number indicates?
Chapter 6 Solutions
Macroeconomics
Ch. 6.1 - Prob. 1QCh. 6.1 - Prob. 2QCh. 6.1 - Prob. 3QCh. 6.1 - Prob. 4QCh. 6.1 - Prob. 5QCh. 6.1 - Prob. 6QCh. 6.1 - Prob. 7QCh. 6.1 - Prob. 8QCh. 6.1 - Prob. 9QCh. 6.1 - Prob. 10Q
Ch. 6 - Prob. 1QECh. 6 - Prob. 2QECh. 6 - Prob. 3QECh. 6 - Prob. 4QECh. 6 - Prob. 5QECh. 6 - Prob. 6QECh. 6 - Prob. 7QECh. 6 - Prob. 8QECh. 6 - Prob. 9QECh. 6 - Prob. 10QECh. 6 - Prob. 11QECh. 6 - Prob. 12QECh. 6 - Prob. 13QECh. 6 - Prob. 14QECh. 6 - Prob. 15QECh. 6 - Prob. 16QECh. 6 - Prob. 17QECh. 6 - Prob. 18QECh. 6 - Prob. 19QECh. 6 - Prob. 1QAPCh. 6 - Prob. 2QAPCh. 6 - Prob. 3QAPCh. 6 - Prob. 4QAPCh. 6 - Prob. 5QAPCh. 6 - Prob. 1IPCh. 6 - Prob. 2IPCh. 6 - Prob. 3IP
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- What could explain why unemployment is lower among workers with a relatively higher level of education and training?arrow_forwardIf the labor force of 160 million people is growing by 1.2 percent this year, how many new jobs have to be created each month to keep unemployment from increasing?arrow_forwardThe fact that more and more women are seeking job has only compounded the problem of unemployment. Do you agree with this statement?arrow_forward
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