Homework Answers
1. Frictional unemployment
2. Frictional unemployment
Frictional unemployment is the type of unemployment when workers resign from one job in search of a better employment opportunities. Here, since there is no shortage in demand for jobs in both cases and have good prospects for job, it is the time taken to find a new job.
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Read the following scenarios and identify which types of unemployment they are and explain why. (2...
Using the official measure of unemployment, which of the following people is considered unemployed? Select one:...
Using the official measure of unemployment, which of the following people is considered unemployed? Select one: a. a part-time worker who wishes to work full time b. a person who gave up looking for jobs because he or she was discouraged about his or her job prospects c. a person who is working but expects to be laid off at the end of the month d. a person who has been searching for work, but turns down a job paying...
Name That Unemployment Classify the people described in each of the following scenarios as either frictionally,...
Name That Unemployment Classify the people described in each of the following scenarios as either frictionally, structurally, or cyclically unemployed. Phil is currently unemployed because the tire factory where he used to work installed robots, which replaced 500 laborers, including Phil. Jessica is unemployed because she is in the process of reentering the labor force after taking time off to have a baby. Mary is unemployed because she lost her job at McDonald’s after the province increased the minimum wage....
3. Types of unemployment The three people described in the following table are categorized as unemployed...
3. 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 Structural Frictional Cyclical Lucia is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. Ginny just graduated from college and...
3. Types of unemployment The three people described in the following table are categorized as unemployed...
3. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identily each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Beth is a real estate agent House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. 0 0 0 Sam left his...
An open market sale is considered to be an example of because it A. contractionary monetary...
An open market sale is considered to be an example of because it A. contractionary monetary policy; shifts the aggregate demand curve to the left, decreasing real GDP B. contractionary fiscal policy, shifts the aggregate demand curve to the left, decreasing real GDP C. expansionary monetary policy, shifts the aggregate demand curve to the right increasing real GDP D.expansionary fiscal policy, shifts the aggregate demand curve to the right, increasing real GDP QUESTION 7 Carter is a 1980s-styled stockbroker. He...
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...
3rd attempt Which of the following can be responsible for a drop in the unemployment rate?...
3rd attempt Which of the following can be responsible for a drop in the unemployment rate? Choose one or more: A. More people become employed. B. The labor force shrinks. C. There is an increase in the number of discouraged workers. D. More people with full-time jobs become part-time workers. 2nd attempt Which of the following can lower the level of frictional unemployment over time? Choose one or more: A. reducing the regulations on hiring practices in a country B....
Directions: Read the following paragraphs, and use the dropdown menu following each sentence to identify that...
Directions: Read the following paragraphs, and use the dropdown menu following each sentence to identify that sentence. Select “RO” if it is a run-on, “CS” if it contains a comma splice, or “C” if the sentence is correct. Then answer the questions that follow. Beauty and Success (1) The benefits of good looks might go further than many people realize . (2) Good-looking people are more likely to have better career prospects, the assumption by many employers is that they...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
2. Which of the following statements is (are) correct? (x) Each adult included in the employment...
2. Which of the following statements is (are) correct? (x) Each adult included in the employment and unemployment statistics is classified as unemployed, employed, or not in the labor force. (y) In addition to the unemployment rate, the Bureau of Labor Statistics (BLS) produces other data on the adult population such as types of employment and length of the average workweek. (z) The Bureau of Labor Statistics (BLS) uses data collected from those applying for unemployment insurance to compute the...
Using the official measure of unemployment, which of the following people is considered unemployed? Select one: a. a part-time worker who wishes to work full time b. a person who gave up looking for jobs because he or she was discouraged about his or her job prospects c. a person who is working but expects to be laid off at the end of the month d. a person who has been searching for work, but turns down a job paying...
3. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identily each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Beth is a real estate agent House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. 0 0 0 Sam left his...
An open market sale is considered to be an example of because it A. contractionary monetary policy; shifts the aggregate demand curve to the left, decreasing real GDP B. contractionary fiscal policy, shifts the aggregate demand curve to the left, decreasing real GDP C. expansionary monetary policy, shifts the aggregate demand curve to the right increasing real GDP D.expansionary fiscal policy, shifts the aggregate demand curve to the right, increasing real GDP QUESTION 7 Carter is a 1980s-styled stockbroker. He...
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...
3rd attempt Which of the following can be responsible for a drop in the unemployment rate? Choose one or more: A. More people become employed. B. The labor force shrinks. C. There is an increase in the number of discouraged workers. D. More people with full-time jobs become part-time workers. 2nd attempt Which of the following can lower the level of frictional unemployment over time? Choose one or more: A. reducing the regulations on hiring practices in a country B....
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
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