MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter 6, Problem 8SQ
To determine
The period of
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The unemployment which is in excess of the NAIRU is called _____.
A.seasonal unemployment
B.frictional unemployment
C.structural unemployment
D.hidden unemployment
E.cyclical unemployment
When a person is employed in a sector where his/her employment does not make any difference to the output, it signifies the presence of
a.
Cyclical unemployment
b.
Frictional unemployment
c.
Sectoral unemployment
d.
Disguised unemployment
Label each of the following scenarios as either frictional unemployment, structural unemployment, or cyclical unemployment.
a. Mariam just graduated from college and is looking for a job.
(Click to select)
b. A recession causes a local factory to lay off 30 workers.
(Click to select)
c. Thousands of bus and truck drivers permanently lose their jobs to self-driving vehicles.
(Click to select)
d. Hundreds of New York legal jobs permanently disappear when a lot of legal work gets outsourced to lawyers in India.
(Click to select)
Chapter 6 Solutions
MACROECONOMICS FOR TODAY
Ch. 6.4 - Prob. 1YTECh. 6.4 - Prob. 2YTECh. 6.4 - Prob. 3YTECh. 6.5 - Prob. 1YTECh. 6 - Prob. 1SQPCh. 6 - Prob. 2SQPCh. 6 - Prob. 3SQPCh. 6 - Prob. 4SQPCh. 6 - Prob. 5SQPCh. 6 - Prob. 6SQP
Ch. 6 - Prob. 7SQPCh. 6 - Prob. 8SQPCh. 6 - Prob. 9SQPCh. 6 - Prob. 10SQPCh. 6 - Prob. 11SQPCh. 6 - Prob. 1SQCh. 6 - Prob. 2SQCh. 6 - Prob. 3SQCh. 6 - Prob. 4SQCh. 6 - Prob. 5SQCh. 6 - Prob. 6SQCh. 6 - Prob. 7SQCh. 6 - Prob. 8SQCh. 6 - Prob. 9SQCh. 6 - Prob. 10SQCh. 6 - Prob. 11SQCh. 6 - Prob. 12SQCh. 6 - Prob. 13SQCh. 6 - Prob. 14SQCh. 6 - Prob. 15SQCh. 6 - Prob. 16SQCh. 6 - Prob. 17SQCh. 6 - Prob. 18SQCh. 6 - Prob. 19SQCh. 6 - Prob. 20SQ
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Similar questions
- The normal rate of unemployment that persists in the economy in the long run is called a. frictional unemployment. b. structural unemployment. c. cyclical unemployment. d. the natural rate of unemployment.arrow_forwarda. Suppose that in a small nation the adult population is 6 million, the number of employed is 3.8 million, and the labor force participation rate is 70%. What is the unemployment rate? b. Explain why unemployment rate can never be zero. C. Explain the differences between frictional unemployment and structural unemployment.arrow_forwardWhich of the following can result in a reduction of unemployment? A. Increased population growth B. Increase in demand for exports C. Reduction in labour intensity of production D. Increased immigration E. Decrease in government spendingarrow_forward
- If the labor force increases, but the number of people unemployed stays the same, what happens to the unemployment rate? A. Increases B. Decreases C. Stays the samearrow_forwardExplain unemployment rate.arrow_forwardFrictional unemployment refers to Select one: a. unemployment from people changing jobs and entering the labor force. b. unemployment caused by labor strikes. c. unemployment caused by downturns in the economy.arrow_forward
- What type of unemployment does each of the following represent? Explain your answers.1. Workers at a clothing factory lose their jobs when the firm relocates to another province.2. Workers at a factory making floppy disks lose their jobs when the firm goes under due to competition from USB’s.3. Migrant farm workers’ employment is terminated when the harvest is finished.4. Workers at the car plant are laid off as a result of a slump in motorcar sales. 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_forwardSelect the type of unemployment occurring in each of the causes below (and explain your answer): a) Workers in a high-end restaurant are laid off when the establishment experiences a decline in demand during a recession. A. cyclical B. frictional C. structural b) A new college graduate takes three months to find his first job. A. cyclical B. frictional C. structuralarrow_forwardWhich of the following is the best example of frictional unemployment? a. Bank tellers are unable to find jobs due to technological advances in the banking systemb. A worker is laid off because his firm has to reduce production due to reduced demand.c. A worker quits her current job to search for a better oned. An iromworker cannot find a job in Alberta because all job vacancies are in Quebece.Inflationary pressures have led to higher wages for all jobsarrow_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_forwardDefine unemployment. What is natural rate of unemployment? Why do you think unemployment as risen so sharply in France?arrow_forward
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