Question 3 [10 points] Why is unemployment not zero?
Question 3 [10 points]
Why is unemployment not zero?
Homework Answers
Unemployment rate has a component called cyclical unemployment. It is the unemployment due to boom and bust of the economy. Some people might be unemployed today due to some factor but they will get a job next week or month. Thus unemployment can never be 0. It is always changing.
There is always some unemployed people in the economy due to some or the other reason. Some may be unemployed due to lack of skills or some may be due to recession. Thus unemployment can never be 0.
economic Question 1 (10 points] What is meant by the separation of real and nominal values...
economic
Question 1 (10 points] What is meant by the separation of real and nominal values Question 2 [10 points] What is the difference between the real interest rate and the nominal interest rate? How are the two connected? Question 3 [10 points] Why is unemployment not zero? Question 4(10 points] If job separation is 1% per month, while 5% of unemployed workers find work. 1. What is the natural rate of unemployment? 2. If there are 100 unemployed, what...
A Explain briefly why actual unemployment is never zero even when the economy is considered to...
A Explain briefly why actual unemployment is never zero even when the economy is considered to be in a state of full employment. B why do economists and business investors expect inflation to accelerate when actual unemployment falls below the natural rate of unemployment (NAIRU)? C What is the current actual unemployment rate for the US economy? Do you think the current unemployment rate is less than, equal to or above NAIRU?Explain your answer.
Question 3 2.5 points Save Answer "When unemployment is caused by consumers not buying a certain...
Question 3 2.5 points Save Answer "When unemployment is caused by consumers not buying a certain good (plastic dishes), it is called " Frictional unemployment. Structural unemployment. Disguised unemployment. Behavioral unemployment.
Full employment means: 1. zero unemployment 2. only cyclical unemployment exists 3. only frictional and structural...
Full employment means: 1. zero unemployment 2. only cyclical unemployment exists 3. only frictional and structural unemployment exists. 4. none of the other three answers are correct
Question 3. (13 points) Provide some intuitive discussion as to why a minimum wage increase may...
Question 3. (13 points) Provide some intuitive discussion as to why a minimum wage increase may especially affect the unemployment rate of young workers.
(10 points) Question 2 Why is “generalized compressibility chart” used? Explain the purpose. (10 points) Question...
(10 points) Question 2 Why is “generalized compressibility chart” used? Explain the purpose. (10 points) Question 3 Explain the difference between R and Ru. How are these two related?
2. [10 points ] Suppose that the unemployment exceeds the natural rate by 5%. If 0-0.5,...
2. [10 points ] Suppose that the unemployment exceeds the natural rate by 5%. If 0-0.5, find the ratio of the output gap to the potential output? 3. [ 10 points ] If the Fed increases inflation, show the impact on unemployment in both the long and short run?
Question 3 Points inside the Production Possibilities Frontier are attainable O associated with some unemployment. both...
Question 3 Points inside the Production Possibilities Frontier are attainable O associated with some unemployment. both attainable and unattainable. unattainable.
Question 39 (13.5 points) At the end of 2009, unemployment rate in U.S. was 9.9 percent...
Question 39 (13.5 points) At the end of 2009, unemployment rate in U.S. was 9.9 percent and labor force participation rate was 63 percent. In mid 2010, unemployment rate was still at 9.9 percent, however, labor force participation rate went up to 65.2 percent. Many economic analysts were saying that U.S. economy is recovering as anticipation for labor market recovery is high. Why the economy is recovering when unemployment rate stays at the same rate at 9.9 percent? Explain succinctly....
The natural unemployment rate is not zero because natural unemployment includes O A. cyclical and structural...
The natural unemployment rate is not zero because natural unemployment includes O A. cyclical and structural unemployment O B. frictional and cyclical unemployment Oc frictional and structural unemployment OD. Cyclical unemployment O E. discouraged workers during an expansion The unemployment rate fluctuates around the natural unemployment rate O A frictional unemployment increases, decreases OD cyclical unemployment decreases increases OG Structural unemployment increases, decreases OD. cyclical unemployment increases, decreases OL frictional unemployment decreases increases
economic
Question 1 (10 points] What is meant by the separation of real and nominal values Question 2 [10 points] What is the difference between the real interest rate and the nominal interest rate? How are the two connected? Question 3 [10 points] Why is unemployment not zero? Question 4(10 points] If job separation is 1% per month, while 5% of unemployed workers find work. 1. What is the natural rate of unemployment? 2. If there are 100 unemployed, what...
A Explain briefly why actual unemployment is never zero even when the economy is considered to be in a state of full employment. B why do economists and business investors expect inflation to accelerate when actual unemployment falls below the natural rate of unemployment (NAIRU)? C What is the current actual unemployment rate for the US economy? Do you think the current unemployment rate is less than, equal to or above NAIRU?Explain your answer.
Question 3 2.5 points Save Answer "When unemployment is caused by consumers not buying a certain good (plastic dishes), it is called " Frictional unemployment. Structural unemployment. Disguised unemployment. Behavioral unemployment.
Question 3. (13 points) Provide some intuitive discussion as to why a minimum wage increase may especially affect the unemployment rate of young workers.
(10 points) Question 2 Why is “generalized compressibility chart” used? Explain the purpose. (10 points) Question 3 Explain the difference between R and Ru. How are these two related?
2. [10 points ] Suppose that the unemployment exceeds the natural rate by 5%. If 0-0.5, find the ratio of the output gap to the potential output? 3. [ 10 points ] If the Fed increases inflation, show the impact on unemployment in both the long and short run?
Question 3 Points inside the Production Possibilities Frontier are attainable O associated with some unemployment. both attainable and unattainable. unattainable.
Question 39 (13.5 points) At the end of 2009, unemployment rate in U.S. was 9.9 percent and labor force participation rate was 63 percent. In mid 2010, unemployment rate was still at 9.9 percent, however, labor force participation rate went up to 65.2 percent. Many economic analysts were saying that U.S. economy is recovering as anticipation for labor market recovery is high. Why the economy is recovering when unemployment rate stays at the same rate at 9.9 percent? Explain succinctly....
The natural unemployment rate is not zero because natural unemployment includes O A. cyclical and structural unemployment O B. frictional and cyclical unemployment Oc frictional and structural unemployment OD. Cyclical unemployment O E. discouraged workers during an expansion The unemployment rate fluctuates around the natural unemployment rate O A frictional unemployment increases, decreases OD cyclical unemployment decreases increases OG Structural unemployment increases, decreases OD. cyclical unemployment increases, decreases OL frictional unemployment decreases increases
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