Homework Answers
D) Structural unemployment occurs when there is a mismatch between skills present and skills needed, when jobs are lost due to technological advancement, jobs move abroad. Natural unemployment rate includes structural and frictional unemployment. Frictional unemployment occurs when people change jobs and it takes time to find a new job.
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Which statement CORRRECTLY describes "structural unemployment"? OA) The amount of structural unemployment depends on normal labor...
The sum of frictional and structural unemployment is the: amount of unemployment in an economy during a recession. cycli...
The sum of frictional and structural unemployment is the: amount of unemployment in an economy during a recession. cyclical amount of unemployment. actual unemployment level. natural rate of unemployment.
Structural unemployment is the portion of unemployment that is due to changes in the structure of...
Structural unemployment is the portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries. unemployment that occurs during recessions and depressions. unemployment that results when people become discouraged about their chances of finding a job so they stop looking for work. portion of unemployment that is due to the normal working of the labor market.
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
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...
When an economy is at its natural rate of unemployment, which of the following will be...
When an economy is at its natural rate of unemployment, which of the following will be true? The unemployment rate will be 0% Only frictional unemployment will exist in the economy. Only structural unemployment as a result of technological changes will exist in the economy. The unemployment rate will be greater than 0% The labour force participation rate will be 100%
The text outlines three kinds of unemployment: Frictional, Structural, and Cyclical. The Bureau of Labor Statistics...
The text outlines three kinds of unemployment: Frictional, Structural, and Cyclical. The Bureau of Labor Statistics describes a fourth kind, seasonal unemployment, as: “The seasonal fluctuations in the number of employed and unemployed people reflect not only the normal seasonal weather patterns that tend to be repeated year after year, but also the hiring (and layoff) patterns that accompany regular events such as the winter holiday season and the summer vacation season.” Of the four, structural unemployment is the most...
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...
28) If the number of people classified as what is the unemploy 29) The labor force...
28) If the number of people classified as what is the unemploy 29) The labor force employed people to the number of unemployed nemployed is 20,000 and the number of people classified as employed is 620,000, is ment rate? A) 1.6% B) 3.1% C) 10.6% D) 632% participation rate is the A) ratio of the labor force to the total population 16 years old or older. ePeopthe labor force minus the number of people who are unemployed. C) ratio of...
12) Assume the U.S. population is 300 million. If the working age population is 240 million,...
12) Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the size of the labor force? A. 150 million B. 240 million C. 144 million D. 156 million E. 300 million 13) The unemployment rate generally A. decreases; decreases _during recessions and generally . during expansions. B. increases; increases C. increases; decreases D. increases; does not change E. decreases; increases 14) Frictional unemployment...
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....
Structural unemployment is the portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries. unemployment that occurs during recessions and depressions. unemployment that results when people become discouraged about their chances of finding a job so they stop looking for work. portion of unemployment that is due to the normal working of the labor market.
When an economy is at its natural rate of unemployment, which of the following will be true? The unemployment rate will be 0% Only frictional unemployment will exist in the economy. Only structural unemployment as a result of technological changes will exist in the economy. The unemployment rate will be greater than 0% The labour force participation rate will be 100%
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...
28) If the number of people classified as what is the unemploy 29) The labor force employed people to the number of unemployed nemployed is 20,000 and the number of people classified as employed is 620,000, is ment rate? A) 1.6% B) 3.1% C) 10.6% D) 632% participation rate is the A) ratio of the labor force to the total population 16 years old or older. ePeopthe labor force minus the number of people who are unemployed. C) ratio of...
12) Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the size of the labor force? A. 150 million B. 240 million C. 144 million D. 156 million E. 300 million 13) The unemployment rate generally A. decreases; decreases _during recessions and generally . during expansions. B. increases; increases C. increases; decreases D. increases; does not change E. decreases; increases 14) Frictional unemployment...
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....
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