Homework Answers
ANSWER: The unemployment rate is greater than zero.
Natural rate of unemployment exist because of structural unemployment and frictional unemployment. Thus, it is always greater than zero because of frictional unemployment. Frictional unemployment occurs because of workers moving from one job to another mainly in search better job opportunities and career advancement.
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When an economy is at its natural rate of unemployment, which of the following will be...
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
The rate of unemployment when the economy is at its potential output is called the: Multiple...
The rate of unemployment when the economy is at its potential output is called the: Multiple Choice frictional rate of unemployment. natural rate of unemployment. structural rate of unemployment. non-recessionary rate of unemployment.
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 following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Unemployment...
The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Unemployment Type Frictional Rate (Percent) 3.6 0.0 Cyclical Structural Total unemployment True or False: This economy is currently at its natural rate of unemployment. True O False
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....
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....
5. What does the natural unemployment rate include? a. both frictional and structural unemployme
5. What does the natural unemployment rate include? a. both frictional and structural unemployment b. neither frictional nor structural unemployment c. structural unemployment, but not frictional unemployment d. frictional unemployment, but not structural unemployment Answer: 6. A foreign governmental statistics agency recently reported that there were 47.6 millionpeople over age 25 who had at least a bachelor’s degree. Of this number, 38.0 million were in the labour force and 35.9 million...
Question 18 (5 points) When the economy is producing its potential GDP: a) There is only...
Question 18 (5 points) When the economy is producing its potential GDP: a) There is only seasonal unemployment. Ob) There is only the structural rate of unemployment. O c) There is only the frictional rate of unemployment. Od) There is no unemployment. Oe) There is only the natural rate of unemployment.
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...
Is it true or false that An economy's natural rate of unemployment is the unemployment rate...
Is it true or false that An economy's natural rate of unemployment is the unemployment rate that would exist in a healthy economy considering its economic, social and political factors?
The rate of unemployment when the economy is at its potential output is called the: Multiple Choice frictional rate of unemployment. natural rate of unemployment. structural rate of unemployment. non-recessionary rate of unemployment.
The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Unemployment Type Frictional Rate (Percent) 3.6 0.0 Cyclical Structural Total unemployment True or False: This economy is currently at its natural rate of unemployment. True O False
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....
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 18 (5 points) When the economy is producing its potential GDP: a) There is only seasonal unemployment. Ob) There is only the structural rate of unemployment. O c) There is only the frictional rate of unemployment. Od) There is no unemployment. Oe) There is only the natural rate of unemployment.
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