Decoding 'Natural' Rate of Unemployment Unemployment is a normal feature of our economy and the Congressional...
Decoding 'Natural' Rate of Unemployment
Unemployment is a normal feature of our economy and the Congressional Budget Office believes the "natural" unemployment rate increased from 5 percent in 2007 to 6 percent in 2012.
Source:
Wall
Street
Journal,
September 7, 2012
Provide some reasons why the natural unemployment rate might have increased.
The natural unemployment rate might have increased because of _______.
A.
an increase in the minimum wage and an increase in the number of firms paying an efficiency wage
B.
an increase in cyclical unemployment during the 2008-2009 recession
C.
fewer people receiving unemployment benefits
D.
a decrease in frictional and structural unemployment
Homework Answers
A rise in unemployment during a crisis may cause the natural rate of unemployment to rise. This is because when workers are unemployed for a long time period, they become deskilled and demotivated and are less able to get new jobs.
B) an increase in cyclical unemployment during the 2008-2009 recession.
Add Answer to:
Decoding 'Natural' Rate of Unemployment
Unemployment is a normal feature of our economy and the
Congressional...
< Question 14 of 20 > The natural rate of unemployment equals Ofrictional unemployment plus underemployed...
< Question 14 of 20 > The natural rate of unemployment equals Ofrictional unemployment plus underemployed workers. O frictional unemployment plus structural unemployment. O structural unemployment minus cyclical unemployment. frictional unemployment plus cyclical unemployment. O cyclical unemployment plus structural unemployment. Hint © Assignment Score: Resources 86.196 Question 11 of 20 > Please adjust the graph to show the impact of a recession, where the theoretical market equilibrium wage rate falls to $10/h. Then, answer the two questions assuming wages are...
The natural rate of unemployment is the sum of frictional and structural unemployment and does not...
The natural rate of unemployment is the sum of frictional and structural unemployment and does not include cyclical unemployment. Discuss how changes in the economy over the last 20 years have affected either frictional or structural unemployment. Then discuss changes that might be coming in the next 20 years that will affect frictional or structural unemployment. Post the reference.
The unemployment rate that is consistent with "full employment" and the "natural rate of unemployment" is...
The unemployment rate that is consistent with "full employment" and the "natural rate of unemployment" is OA. zero OB. cyclical unemployment. ° C, the sum of the frictional rate and structural rate. OD, 4 percent.
The natural rate of unemployment is the unemployed rate when the economy is fully employed with...
The natural rate of unemployment is the unemployed rate when the economy is fully employed with AS = AD; and the Long- run supply curve is vertical at this point of equilibrium; or, the rates arrived at by adding up frictional and structural). If the AS=AD occurs to the left of the vertical supply curve, the unemployment is normal ( includes all three types = cyclical, frictional, and structural). True False
Question 16 4 pts Suppose that in an economy the structural unemployment rate is 2.1 percent,...
Question 16 4 pts Suppose that in an economy the structural unemployment rate is 2.1 percent, the frictional unemployment rate is 2.3 percent, and the unemployment rate is 12.1 percent. The natural unemployment rate is ___percent and the cyclical unemployment rate is _percent. 4.4; 7.7 O 0.2; 9.9 10; 3.1 7.7; 4.4
Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional...
Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Paolo recently lost his job as a dishwasher. Minimum wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. Sharon just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal. Automobile demand has fallen during a recent recession, and Amy has been laid off...
Unemployment Type Structural Frictional Cyclical Clancy recently lost his job as a dishwasher. Minimum-wage legislation keeps...
Unemployment Type Structural Frictional Cyclical Clancy recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Kate. Eileen just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal....
5. Types of unemployment The three people described in the following table are categorized as unemployed...
5. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Frictional Cyclical Structural A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Yvette. Rina just graduated from college and is looking for a full-time position with an...
3. What is the relationship between frictional unemployment and the natural rate of unemployment? Why does...
3. What is the relationship between frictional unemployment and the natural rate of unemployment? Why does frictional unemployment differ among different age groups in the population? If a society is aging overall, how will this affect unemployment? Be as thorough as possible. 2. Explain the benefits and drawbacks for unemployment insurance. Explain the benefits and drawbacks to the minimum wage. How do these policies affect work incentives? Be as thorough as possible. In 2012, the imaginary nation of Bovina had...
2. (20 points) How will the following changes affect the natural rate of unemployment? Identify the...
2. (20 points) How will the following changes affect the natural rate of unemployment? Identify the type of unemployment that will be affected and the direction of the change. a. The government reduce the length of time a worker may receive unemployment benefits. Frictional Unemployment would be reduced a lower the natural rate of unemployment b. More teenagers delay looking for jobs until after they complete their college education. Frictional unemployment woulld be reducedd lowered natural Rate of unemployment c....
< Question 14 of 20 > The natural rate of unemployment equals Ofrictional unemployment plus underemployed workers. O frictional unemployment plus structural unemployment. O structural unemployment minus cyclical unemployment. frictional unemployment plus cyclical unemployment. O cyclical unemployment plus structural unemployment. Hint © Assignment Score: Resources 86.196 Question 11 of 20 > Please adjust the graph to show the impact of a recession, where the theoretical market equilibrium wage rate falls to $10/h. Then, answer the two questions assuming wages are...
The unemployment rate that is consistent with "full employment" and the "natural rate of unemployment" is OA. zero OB. cyclical unemployment. ° C, the sum of the frictional rate and structural rate. OD, 4 percent.
Question 16 4 pts Suppose that in an economy the structural unemployment rate is 2.1 percent, the frictional unemployment rate is 2.3 percent, and the unemployment rate is 12.1 percent. The natural unemployment rate is ___percent and the cyclical unemployment rate is _percent. 4.4; 7.7 O 0.2; 9.9 10; 3.1 7.7; 4.4
Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Paolo recently lost his job as a dishwasher. Minimum wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. Sharon just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal. Automobile demand has fallen during a recent recession, and Amy has been laid off...
Unemployment Type Structural Frictional Cyclical Clancy recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Kate. Eileen just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal....
5. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Frictional Cyclical Structural A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Yvette. Rina just graduated from college and is looking for a full-time position with an...
2. (20 points) How will the following changes affect the natural rate of unemployment? Identify the type of unemployment that will be affected and the direction of the change. a. The government reduce the length of time a worker may receive unemployment benefits. Frictional Unemployment would be reduced a lower the natural rate of unemployment b. More teenagers delay looking for jobs until after they complete their college education. Frictional unemployment woulld be reducedd lowered natural Rate of unemployment c....
Most questions answered within 3 hours.
-
If you mixed 35.0 mLmL of 0.100 M Tris-HCl with 65.0
mLmL of 0.200 M Tris-base, what would...
asked 2 minutes ago -
Which force do you think wields a stronger influence over our
ethical behavior – our personal...
asked 7 minutes ago -
11.1 In the northeast
regions of the United States and in eastern Canada, many people
heat their...
asked 6 minutes ago -
Explain traveling wave theory. Explain how the peaking of the
wave leads to action potentials and...
asked 5 minutes ago -
What is the entropy change to the surroundings when 1 mol of ice
melts in someone's...
asked 8 minutes ago -
Are adult gamers less likely to use a gaming console (Xbox,
PlayStation, Wii, etc...) than teen...
asked 13 minutes ago -
Pt1
An electrochemical cell is set up at 25°C based on the overall
reaction represented by...
asked 14 minutes ago -
Bruin, Inc., has identified the following two mutually
exclusive projects:
Year
Cash Flow (A)
Cash...
asked 16 minutes ago -
A mutual fund salesperson has arranged to call on four people
tomorrow. Based on past experience...
asked 19 minutes ago -
The decomposition of SO2Cl2 is first order
and has a rate constant of + 2.90 x...
asked 42 minutes ago -
A solid, frictionless cylindrical reel of mass M=5.00kg and
radius R=0.55m is used to draw water...
asked 1 hour ago -
The work done by the spring's restoring force
on the free end of a spring while...
asked 36 minutes ago