The government makes it more difficult for companies to lay off their workers. However, unemployment rate...
The government makes it more difficult for companies to lay off their workers. However, unemployment rate increases as a result. Explain.
Homework Answers
Yes, this situation happens because the companies might respond it this by not hiring more people to keep their costs under control, so there will be less demand for the new people even though it is necessary to hire more workers at some businesses. In addition, if businesses are not able to lay off during difficult times, then they will continue to bear high costs despite low business revenues which may lead to closure of factories or businesses over time through bankruptcy, this would result in automatic decline in number of jobs and more unemployed people in the country. Thus, unemployment rate increases.
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The government makes it more difficult for companies to lay off
their workers. However, unemployment rate...
If households expect a recession will come soon, will this increase the natural rate of unemployment?...
If households expect a recession will come soon, will this increase the natural rate of unemployment? Explain. A recession really occurs, but unemployment rate decreases. Explain how this can be possible. The government makes it more difficult for companies to lay off their workers. However, unemployment rate increases as a result. Explain
(b) If households expect a recession will come soon, will this increase the natural rate of...
(b) If households expect a recession will come soon, will this increase the natural rate of unemployment? Explain. (c) A recession really occurs, but unemployment rate decreases. Explain how this can be possible. (d) The government makes it more difficult for companies to lay off their workers. However, unemployment rate increases as a result. Explain.
Consider the US loanable funds market. For each of the following separate scenarios, draw a graph...
Consider the US loanable funds market. For each of the following separate scenarios, draw a graph to show how the equilibrium interest rate and equilibrium quantity of loanable funds changes. Banks impose more regulations and make it more difficult for firms to borrow. Productivity of machines decreases. Households are less confident about the economy, they expect a recession will come soon. If households expect a recession will come soon, will this increase the natural rate of unemployment? Explain. A recession...
(a) Consider the US loanable funds market. For each of the following separate scenarios, draw a...
(a) Consider the US loanable funds market. For each of the following separate scenarios, draw a graph to show how the equilibrium interest rate and equilibrium quantity of loanable funds changes. (i) Banks impose more regulations and make it more difficult for firms to borrow. (ii) Productivity of machines decreases. (iii) Households are less confident about the economy, they expect a recession will come soon. (b) If households expect a recession will come soon, will this increase the natural rate...
Cross-country comparisons of unemployment rates are difficult for all the following reasons except: a. Differing definitions...
Cross-country comparisons of unemployment rates are difficult for all the following reasons except: a. Differing definitions of ‘unemployment’ between countries. b. Non-traditional labor markets (i.e. barter, subsistence agriculture) in many developing countries. c. Higher government employment in developed countries. While Japan has enjoyed a persistent low unemployment rate compared to other high-income countries, this may paint too rosy a picture of unemployment in Japan because a. the Japanese labor force has been shrinking for 20+ years. b. Japan does not...
Is it possible for the unemployment rate to go down while the number of unemployed workers...
Is it possible for the unemployment rate to go down while the number of unemployed workers increases? Yes, if the labor force partication rate increases. Yes, if the size of the working age population increases by less than the increase in those adults actively looking for work. No, any increase in the number of unemployed will result in an increase in the unemployment rate. Yes, if the labor force particiation rate decreases.
Suppose the unemployment rate is very low. It will be ___ for firms to find workers to hire, and it will be ___ for workers to find jobs. Thus, ___ will have relatively more bargaining power than ___. As the unemployment rate gets low, the wage will ___.
Suppose the unemployment rate is very low. It will be ___ for firms to find workers to hire, and it will be ___ for workers to find jobs. Thus, ___ will have relatively more bargaining power than ___.As the unemployment rate gets low, the wage will ___. Thus, if the unemployment rate were ever to approach zero, the wage rate would become ___.
Picture an economy with 100,000 workers in its labor force. The unemployment rate is simply the...
Picture an economy with 100,000 workers in its labor force. The unemployment rate is simply the number of unemployed workers divided by the number of workers in the labor force. At the beginning of January, the unemployment rate is 4.76%, so 4,760 people in the labor force are unemployed. Suppose that in January, 10% of the workers who were unemployed at the beginning of the month start new jobs. This means that ________ people leave the unemployment category in January....
Data on the unemployment rate for workers aged 16–19 and for workers aged 20 and over...
Data on the unemployment rate for workers aged 16–19 and for workers aged 20 and over is listed in the table below. How do they differ? Unemployment rate (percent) Both sexes, 16–19 years 13.9 Men, 20 years and over 3.9 Women, 20 years and over 3.6 Source: The Bureau of Labor Statistics (www.bls.gov), January 2018. Workers aged 16–19 have unemployment rates that are (Click to select) the same as higher than lower than adult (above 20) unemployment rates. The reason for this is younger workers...
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....
(a) Consider the US loanable funds market. For each of the following separate scenarios, draw a graph to show how the equilibrium interest rate and equilibrium quantity of loanable funds changes. (i) Banks impose more regulations and make it more difficult for firms to borrow. (ii) Productivity of machines decreases. (iii) Households are less confident about the economy, they expect a recession will come soon. (b) If households expect a recession will come soon, will this increase the natural 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....
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