Homework Answers
Unemployment= Cyclical Unemployment+Natural Rate of Unemployment.
The above given equation tells us that unemployment in the economy is the sum of cyclical unemployment and the natural rate of unemployment in the economy.
Now if cyclical unemployment is positive and we know that natural rate of unemployment is also positive (because natural level of Unemployment always exist in the Economy), then the unemployment in the economy is above the natural rate of unemployment. This we can see from the above given equation.
Hence, option b is correct.
Add Answer to:
If cyclical unemployment is positive, which of the following statements MUST be true? Select one: a....
If unemployment is above the natural level of unemployment, which one of these statements MUST be...
If unemployment is above the natural level of unemployment, which one of these statements MUST be true? Select one: O a. Employment must be below full employment O b. Cyclical unemployment must be negative o c. Real GDP must be above potential GDP d. The economy must be in an expansion e. The economy is experience a strong demand-pulled inflation
Which of the following statements is TRUE about the rates of unemployment? Select one: O a....
Which of the following statements is TRUE about the rates of unemployment? Select one: O a. Cyclical unemployment can never exceed structural unemployment b. Frictional unemployment can never exceed structural unemployment O c. Cyclical unemployment can never exceed the natural rate of unemployment O d. Structural unemployment can never exceed seasonal unemployment O e. Frictional unemployment can never exceed the natural rate of unemployment
Without cyclical unemployment in the country, which isn’t true? Economy is at max employment level The...
Without cyclical unemployment in the country, which isn’t true? Economy is at max employment level The unemployment rate = 0% economy ‘s unemployment rate is at what we consider its natural rate Inflation rate with CPI shows: % change in the price level from one period to another period Real variables Average price level in one time period The value of intermediate goods is calculated in GDP by: Their value is not counted separately, but included as part of the...
Which of the following statements is not correct? A. The Fed was created in 1913 to...
Which of the following statements is not correct? A. The Fed was created in 1913 to provide central banking functions. B. The Fed is a central bank of the U.S.; it plays a role in regulating banks; and it is responsible for conducting the nation's monetary policy C. The Fed makes loans to any qualified business that requests one. D. Federal Open Market Committee makes decisions regarding monetary policy. QUESTION 56 Which of the following statements is not true? A....
1. "Full employment" exists when the unemployment rate equals? a. zero b. the cyclical unemployment rate...
1. "Full employment" exists when the unemployment rate equals? a. zero b. the cyclical unemployment rate c. the structural unemployment rate d. the natural unemployment rate e. none of above 2. Which of the following is probably not true regarding unemployment in Europe? a. unemployment benefits tend to last longer than in the US b. unemployment benefits tend to replace a larger portion of one's salary than in the US c. structural unemployment is generally lower than in the US...
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
Click to select options: Frictional unemployment Structural unemployment Not employed Cyclical unemployment Part 1: In each...
Click to select options:
Frictional unemployment
Structural unemployment
Not employed
Cyclical unemployment
Part 1: In each of the following examples, identify whether the individual is experiencing cyclical unemployment, frictional unemployment, structural unemployment, or not included in the unemploy category. a. Marge works part-time at a small retail store. She would like to work full-time, but her employer is currently unable to extend her hours. Click to select) b. Jackson just graduated from college with a business degree. He is currently...
8. Study Questions and Problems #8 True or False: It is reasonable to expect the unemployment...
8. Study Questions and Problems #8 True or False: It is reasonable to expect the unemployment rate to fall to 0% in an economy. True False Assume the natural rate of unemployment in an economy is 5%. The following table summarizes the frictional, structural, and total unemployment in the economy. Unemployment Type Unemployment Rate (Percent) Frictional unemployment 2 Structural unemployment 3 Total unemployment 8 Given the previous information, the cyclical unemployment rate in this economy is____%. Therefore, this economy____ (is/is...
The trend rate of unemployment around which the unemployment rate fluctuates is called Select one: a....
The trend rate of unemployment around which the unemployment rate fluctuates is called Select one: a. fluctuating unemployment. b. cyclical unemployment. c. the natural rate of unemployment. d. the normal rate of unemployment.
13. Which of the following statements is (are) correct? (x) The natural rate of unemployment is...
13. Which of the following statements is (are) correct? (x) The natural rate of unemployment is the amount of the unemployment that the economy normally experiences. (y) Cyclical unemployment refers to the year-to-year fluctuations of unemployment around its natural rate that are due to short-run ups and downs of the economy (z) Suppose the natural rate of unemployment is 5.5 percent and the current rate of unemployment is 8.1 percent. The cyclical unemployment rate is a positive value of 2.6...
If unemployment is above the natural level of unemployment, which one of these statements MUST be true? Select one: O a. Employment must be below full employment O b. Cyclical unemployment must be negative o c. Real GDP must be above potential GDP d. The economy must be in an expansion e. The economy is experience a strong demand-pulled inflation
Which of the following statements is TRUE about the rates of unemployment? Select one: O a. Cyclical unemployment can never exceed structural unemployment b. Frictional unemployment can never exceed structural unemployment O c. Cyclical unemployment can never exceed the natural rate of unemployment O d. Structural unemployment can never exceed seasonal unemployment O e. Frictional unemployment can never exceed the natural rate of unemployment
Which of the following statements is not correct? A. The Fed was created in 1913 to provide central banking functions. B. The Fed is a central bank of the U.S.; it plays a role in regulating banks; and it is responsible for conducting the nation's monetary policy C. The Fed makes loans to any qualified business that requests one. D. Federal Open Market Committee makes decisions regarding monetary policy. QUESTION 56 Which of the following statements is not true? A....
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
Click to select options:
Frictional unemployment
Structural unemployment
Not employed
Cyclical unemployment
Part 1: In each of the following examples, identify whether the individual is experiencing cyclical unemployment, frictional unemployment, structural unemployment, or not included in the unemploy category. a. Marge works part-time at a small retail store. She would like to work full-time, but her employer is currently unable to extend her hours. Click to select) b. Jackson just graduated from college with a business degree. He is currently...
Most questions answered within 3 hours.
-
2) Write a C++ program that uses a class called “Degree” to
obtain the trigonometric
values...
asked 37 minutes ago -
1. In eukaryotic cells the genomes of
&
asked 36 minutes ago -
The standard enthalpy of propanol (C3H7OH) is -303.0 kJ/mol.
Compute both of the
gross and net...
asked 36 minutes ago -
Why PWM using H-bridge for control motor speed is more power
effiecient than the linear amplifier...
asked 50 minutes ago -
In 1999, Carly Fiorina famously said,"I hope that we are at a
point that everyone is...
asked 53 minutes ago -
Individuals in a species of moth vary in wing color from white to
black, but all...
asked 1 hour ago -
The following standards for variable manufacturing overhead have
been established for a company that makes only...
asked 1 hour ago -
The United States government wanted to determine what proportion
of Americans approve of the current president,...
asked 1 hour ago -
2-N stone is dropped from the top of a cliff. The stone hits the
ground 3...
asked 1 hour ago -
Vitamins participate in metabolic reactions in their coenzyme
forms . Match the following reactions to the respective...
asked 1 hour ago -
We have developed a new mobile device and wish to gain insight
into the price that...
asked 1 hour ago -
12.8 ml of a solution is run into an empty flask, from a buret.
The mass...
asked 1 hour ago