Homework Answers
1) The portion of unemployment that is due to the short-run/ skill matching problem is called structural unemployment.. TRUE
Explanation: Structural unemployment is being unemployed because of mismatch of employment demand and required skills sets
2) A retiree is considered to be not in the labor force... True
Explanation: A retiree is not counted as being unemployed because retiree is not interested in having a job and thus is not actively looking for one
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True or false
1. The portion of unemployment that is due to the short-run /skill matching...
Structural unemployment is the portion of unemployment that is due to changes in the structure of...
Structural unemployment is the portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries. unemployment that occurs during recessions and depressions. unemployment that results when people become discouraged about their chances of finding a job so they stop looking for work. portion of unemployment that is due to the normal working of the labor market.
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...
true or false Question 9 1 pts The natural rate of unemployment consists of frictional unemployment...
true or false
Question 9 1 pts The natural rate of unemployment consists of frictional unemployment plus structural unemployment.
HOMEWORK B2a & b - Required Chapter ‘Unemployment and Inflation’ Q1. Refer to Exhibit 1...
HOMEWORK B2a & b - Required Chapter ‘Unemployment and Inflation’ Q1. Refer to Exhibit 1 in the chapter to determine whether each of the following statements is true or false. Some people who are officially unemployed are not in the labor force. Some people in the labor force are not working. Everyone who is not unemployed is in the labor force. Some people who are not working are not unemployed. Q6. Explain why most experts believe that official U.S....
True/False 25% Indicate whether the statement is true or false 1 Unemployment and inflation are important...
True/False 25% Indicate whether the statement is true or false 1 Unemployment and inflation are important determinants of short-run material welfare, whereas productivity growth is an important determinant of long-run material well-being Economists disagree on most economic issues facing an economy. 2. 3. Individuals will have different value judgments about the appropriate rate of unemployment and the appropriate rate of inflation. The slope of a line with rise of five and run of two is positive. 4. 5. Slope will...
1. Answer True or False below. (2 points each) When performing a nonlinear FE analysis, pressure...
1. Answer True or False below. (2 points each) When performing a nonlinear FE analysis, pressure is considered a "follower force." Once an element aspect ratio exceeds 1, the larger the aspect ratio, the better the element performs. Eigenvalue buckling provides a good estimate of the Euler critical buckling load. It is important to include the Bauschinger effect in your FE model when simulating problems that experience large strain. Buckling can be considered as the inverse of stress stiffening. Most...
Be thorough and concise. If possible, include a graphical explanation as well as verba True/False/Uncertain. You...
Be thorough and concise. If possible, include a graphical explanation as well as verba True/False/Uncertain. You must provide a proof for your answer. (20 points) 1. The supply curve of labor may be upward sloping, downward sloping or both- it depends on the relative size of substitution and income effects. The demand curve for labor is derived from the marginal product of labor curve- the portion that is subject to increasing returns to labor, due to specialization and division of...
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...
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...
True/False 1. There is a wage cap on the HI portion but not on the OASDI...
True/False 1. There is a wage cap on the HI portion but not on the OASDI portion of the self-employment tax. 2.The Additional Medicare Tax applies to both net earnings from self-employment and salary. 3. One-half of the Additional Medicare Tax is deductible for AGI. 4. There is no penalty for underpayment of estimated tax as long as the required annual payment is made by January 15 of the year following the end of the taxpayer's tax year. 5. Gross...
Structural unemployment is the portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries. unemployment that occurs during recessions and depressions. unemployment that results when people become discouraged about their chances of finding a job so they stop looking for work. portion of unemployment that is due to the normal working of the labor market.
true or false
Question 9 1 pts The natural rate of unemployment consists of frictional unemployment plus structural unemployment.
True/False 25% Indicate whether the statement is true or false 1 Unemployment and inflation are important determinants of short-run material welfare, whereas productivity growth is an important determinant of long-run material well-being Economists disagree on most economic issues facing an economy. 2. 3. Individuals will have different value judgments about the appropriate rate of unemployment and the appropriate rate of inflation. The slope of a line with rise of five and run of two is positive. 4. 5. Slope will...
1. Answer True or False below. (2 points each) When performing a nonlinear FE analysis, pressure is considered a "follower force." Once an element aspect ratio exceeds 1, the larger the aspect ratio, the better the element performs. Eigenvalue buckling provides a good estimate of the Euler critical buckling load. It is important to include the Bauschinger effect in your FE model when simulating problems that experience large strain. Buckling can be considered as the inverse of stress stiffening. Most...
Be thorough and concise. If possible, include a graphical explanation as well as verba True/False/Uncertain. You must provide a proof for your answer. (20 points) 1. The supply curve of labor may be upward sloping, downward sloping or both- it depends on the relative size of substitution and income effects. The demand curve for labor is derived from the marginal product of labor curve- the portion that is subject to increasing returns to labor, due to specialization and division of...
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...
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