Homework Answers
Structural unemployment is the portion of unemployment that is due to the changes in the structure of the economuthat results in significant loss of jobs in certain industries. These changes in the structure of economy could be possibly due to minimum wage laws, union formatioon and collective bargaining and due to existing wage rigidity.
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Structural unemployment is the portion of unemployment that is due to changes in the structure of...
21. Insofar as government public policy is concerned, the best way to battle unemployment would be...
21. Insofar as government public policy is concerned, the best way to battle unemployment would be A. to minimize the severity of recessions B. to maximize unemployment payments C. to maximize unemployment insurance duration D. to minimize labor unions 22. The labor force consists of A. discouraged workers, employed workers, plus those actively seeking work. B. all adults who are working or actively seeking work. C. all adults who are able to work D. all adults who are working, plus...
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....
QUESTION 17 A) unemployment. The type of The short term unemployment that occurs when someone is ...
QUESTION 17 A) unemployment. The type of The short term unemployment that occurs when someone is between jobs is known as the economy like technological change or when a U.S. company moves its operations to a foreign country is unemployment. Because these types of unemployment are inevitable in a large, dynamic, technologically rate of unemployment known as B) progressive, and diverse economy such as ours, the sum of these two rates is known as the C) Although it is hard...
3. Types of unemployment The three people described in the following table are categorized as unemployed...
3. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Lucia is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. Ginny just graduated from college and...
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...
(6) The average number of times per year the money supply changes hands is known as...
(6) The average number of times per year the money supply changes hands is known as _________________. (7) Who believed that fluctuations in the business cycle were the result of class conflicts between labor and capital? Schumpeter Marx Rousseau Keynes (8) High cyclical unemployment is associated with economic downturns. new tariffs or trade agreements. transitional periods in which employees find better jobs. times of prosperity and growth in real GDP. (9)...
(66)Christopher is a musician who is out of work because increasingly electronic equipment is replacing live...
(66)Christopher is a musician who is out of work because increasingly electronic equipment is replacing live musicians at various gigs. This is an example of: (a)Frictional unemployment (b)Technological unemployment (c)Natural rate of unemployment (d)Cyclical unemployment (67)Consider an economy made up of 150 million people, 100 million of whom hold jobs, 30 million of whom are looking for jobs, 8 million of those with jobs are underemployed and 4 million of whom are prisoners, 3 million are less than the legal...
macroeconomic Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not...
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
Chapter 10 - The Business Cycle True / False Questions 26. Macroeconomics focuses on individual firms...
Chapter 10 - The Business Cycle True / False Questions 26. Macroeconomics focuses on individual firms and industries. 27. Macroeconomics is the study of the economy as a whole. 28. A basic purpose of macroeconomics is to explain monopoly behavior. 29. The business cycle is the alternating periods of economic growth and contraction 30. The basic measures of macroeconomic performance include the national debt, the trade deficit, and interest rates, 31. An important measure of macroeconomic performance is the growth...
21. Insofar as government public policy is concerned, the best way to battle unemployment would be A. to minimize the severity of recessions B. to maximize unemployment payments C. to maximize unemployment insurance duration D. to minimize labor unions 22. The labor force consists of A. discouraged workers, employed workers, plus those actively seeking work. B. all adults who are working or actively seeking work. C. all adults who are able to work D. all adults who are working, plus...
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 17 A) unemployment. The type of The short term unemployment that occurs when someone is between jobs is known as the economy like technological change or when a U.S. company moves its operations to a foreign country is unemployment. Because these types of unemployment are inevitable in a large, dynamic, technologically rate of unemployment known as B) progressive, and diverse economy such as ours, the sum of these two rates is known as the C) Although it is hard...
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...
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
Chapter 10 - The Business Cycle True / False Questions 26. Macroeconomics focuses on individual firms and industries. 27. Macroeconomics is the study of the economy as a whole. 28. A basic purpose of macroeconomics is to explain monopoly behavior. 29. The business cycle is the alternating periods of economic growth and contraction 30. The basic measures of macroeconomic performance include the national debt, the trade deficit, and interest rates, 31. An important measure of macroeconomic performance is the growth...
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