The employment incidence rate e = 15% per week, the unemployment incidence rate u = 0.8%...
- The employment incidence rate e = 15% per week, the
unemployment incidence rate u = 0.8% per week.
- Calculate the equilibrium unemployment rate (assume the constant labour force).
- If the government enacted a policy that helped people to find a new job, and this policy raised the employment incidence rate to e = 20% per week, how would the equilibrium unemployment change (give the number (%) and the direction of the change (increase or decrease))?
Homework Answers
The formula for computing the unemployment rate is unemployment rate = number of unemployed persons / labor force. Remember that the labor force involves those who are employed plus those who are unemployed.
Equilibrium Unemployment Rate = 0.8/15 * 100= 5.33
The direction of the change (decrease) 0.8/20 * 100 = 4
Please find the below attachment:
Where ASL = Average Supply of Labor, TLF =Total Labor Force, and
ADL = Aggregate Demand for Labor.
Add Answer to:
The employment incidence rate e = 15% per week, the
unemployment incidence rate u = 0.8%...
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