Homework Answers
Option a.
Frictional unemployment results from job searching. When a person is shifting between jobs, then the person is considered to be frictionally unemployed. It is often thought to explain short spells of unemployment in the economy.
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o Frictional unemployment results from a . job searching. It is often thought to explain relatively...
o Frictional unemployment results from a . job searching. It is often thought to explain relatively...
o Frictional unemployment results from a . job searching. It is often thought to explain relatively short spells of unemployment. b. job searching. It is often thought to explain relatively long spells of unemployment c a surplus in the some labor markets. It is often thought to explain relatively short spells of unemployment. d. a surplus in some labor markets. It is often thought to explain relatively long spells of unemployment. o O TOTO TOTOOOOOOOO 0 Icon
Which of the following policies is NOT intended to alter frictional unemployment? O A. lowering the...
Which of the following policies is NOT intended to alter frictional unemployment? O A. lowering the minimum wage for teenagers. O B. improving the information about available jobs and current wage rates. O C. creating a computer list of job openings and a service that matches employees with job vacancies. O D. All of the above are designed to alter this type of unemployment.
4. If an unemployed person quits looking for work, ceteris paribus, A. the unemployment rate increases....
4. If an unemployed person quits looking for work, ceteris paribus, A. the unemployment rate increases. B. the unemployment rate decreases. C. the size of the labor force falls. D. A and C, only E. B and C only 6. Which of the following statements is (are) correct? (x) Job search is the process of matching workers with appropriate jobs and people who are unemployed because of job search are best classified as frictionally unemployed. (y) Frictional unemployment can be...
Find the size of the civilian labor force from the following data: frictional unemployment = 150,...
Find the size of the civilian labor force from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000. Select one: O a. 1,425 O b. 2,000 c. 1,450 d. 1,500
ECON50 25. Sectoral shifts in demand for output increase unemployment due to job search. From time...
ECON50 25. Sectoral shifts in demand for output increase unemployment due to job search. From time to time the demand for workers has risen in one region of the United States and fallen in another. This illustrates a frictional unemployment created by efficiency wipes. b. structural unemployment created by efficiency wages. c. frictional unemployment created by sectoral shifts d structural unemployment created by sectoral shifts Hint: One company closes out in one location while other companies open up in other...
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....
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...
Cyclical unemployment results from a a mismatch of skills b being in the wrong geographical location...
Cyclical unemployment results from a a mismatch of skills b being in the wrong geographical location c taking the time to find the best job d seasonal decreases in demand for labor e a recession in the economy 2 ) Frictional unemployment refers to unemployment that results from a a mismatch of skills b being in the wrong geographical location c taking the time to find the best job d seasonal decreases in demand for labor e a recession in...
Historically, for most Americans, the length of unemployment is: a. usually more than one year. b....
Historically, for most Americans, the length of unemployment is: a. usually more than one year. b. usually more than three months. c. less than one week. d. usually less than three months. e. indefinite. A drawback of unemployment benefits is that: a. they cost taxpayers over 50 percent of their incomes. b. the payments are too large. c. they give workers a disincentive to find work. d. they always lengthen the time spent unemployed. e. they increase job destruction. Frictional...
1. Explain what will happen to the price level real GDP and the unemployment rate in...
1. Explain what will happen to the price level real GDP and the unemployment rate in the following cases: a. AD falls by the same amount that SRAS rises b. AD falls by less than SRAS rises c. AD falls by more than SRAS falls d. AD falls by the same amount that SRAS falls e. AD falls by less than SRAS falls 2. Explain how expectations about future sales will affect investment. 3. How will a change in the...
o Frictional unemployment results from a . job searching. It is often thought to explain relatively short spells of unemployment. b. job searching. It is often thought to explain relatively long spells of unemployment c a surplus in the some labor markets. It is often thought to explain relatively short spells of unemployment. d. a surplus in some labor markets. It is often thought to explain relatively long spells of unemployment. o O TOTO TOTOOOOOOOO 0 Icon
Which of the following policies is NOT intended to alter frictional unemployment? O A. lowering the minimum wage for teenagers. O B. improving the information about available jobs and current wage rates. O C. creating a computer list of job openings and a service that matches employees with job vacancies. O D. All of the above are designed to alter this type of unemployment.
Find the size of the civilian labor force from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000. Select one: O a. 1,425 O b. 2,000 c. 1,450 d. 1,500
ECON50 25. Sectoral shifts in demand for output increase unemployment due to job search. From time to time the demand for workers has risen in one region of the United States and fallen in another. This illustrates a frictional unemployment created by efficiency wipes. b. structural unemployment created by efficiency wages. c. frictional unemployment created by sectoral shifts d structural unemployment created by sectoral shifts Hint: One company closes out in one location while other companies open up in other...
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....
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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