Which of the following concerning unemployment is not correct? a. Frictional unemployment is always present. b....
Which of the following concerning unemployment is not correct?
a.
Frictional unemployment is always present.
b.
Cyclical unemployment can be corrected by varying demand.
c.
Structural unemployment is more difficult to identify and correct than other types of unemployment
d.
The discouraged worker is one who has enough income to retire.
Homework Answers
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Which of the following concerning unemployment is not
correct?
a.
Frictional unemployment is always present.
b....
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....
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....
Which of the following is a shortcoming of the unemployment rate? Choose one or more: A....
Which of the following is a shortcoming of the unemployment
rate?
Choose one or more:
A. There are too few observations collected monthly. The
small sample size causes inaccurate measurements.
B. Temporary workers are not counted as
employed.
C. If someone is working at a lower-paying job but is
qualified for a higher-paying job, he/she is counted as
unemployed.
D. The unemployment rate does not include discouraged
workers.
Which of the following can lower the level of frictional
unemployment over...
Fill in the blanks to make the following statements correct a. The NAIRU is composed of...
Fill in the blanks to make the following statements correct a. The NAIRU is composed of frictional unemplöyment and unemployment. The NAIRU is always than zero b. If there are 1000 loggers in British Columbia who are unemployed, and 1000 vacant positions for call centre operators in New Brunswick, we say that this unemployment is percentage points are due to C. Suppose the NAIRU in June 2018 was 60 percent. If the actual unemployment rate was 82 percent, we can...
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...
When real GDP grows more slowly than potential GDP, a. nominal GDP rises. b. the unemployment...
When real GDP grows more slowly than potential GDP, a. nominal GDP rises. b. the unemployment rate falls. c. labor productivity falls. d. the unemployment rate rises. 8. The unemployment rate is the number of unemployed people, expressed as a. a ratio of total employed to the population. b. a ratio of unemployed to the total employed. c. a percentage of the labor force. d. a percentage of the population. 9. If part of the labor force is unemployed, the...
Which of the three measures of inflation measures the average price level of the largest number 19. of goods? a. The CP b. The GDP Deflator c. The Producer Price Index d. The Wholesale Price Inde...
Which of the three measures of inflation measures the average price level of the largest number 19. of goods? a. The CP b. The GDP Deflator c. The Producer Price Index d. The Wholesale Price Index 20. Which of the following is NOT a reason why people save a. To smooth consumption over their lives b. To finance their future retirement c. As a way to transfer income from good times to bad d. To increase investment 21. If the...
Question (1 point) 1st attempt Which of the following situations would be considered frictional unemployment? Choose...
Question (1 point) 1st attempt Which of the following situations would be considered frictional unemployment? Choose one or more: O A, A software development firm finds the perfect employee, but it waits to hire her because government regulations require the government to consider other candidates before the firm makes a job offer O B. Arecent college graduate takes a month off to travel while deciding between two job offers. O C. A worker in a textile factory loses her job...
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...
1. Which of the following correctly describes the effects of a decrease in net taxes?? a....
1. Which of the following correctly describes the effects of a decrease in net taxes?? a. ?Disposable income increases, consumption decreases, and saving decreases. b. ?Disposable income increases, consumption increases, and saving increases. c. ?Disposable income decreases, consumption decreases, and saving decreases. d. ?Disposable income decreases, consumption increases, and saving increases. e. ?There is no effect on either disposable income, consumption, or saving. 2. Which of the following is not an example of intermediate goods or services?? a. Legal...
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....
Which of the following is a shortcoming of the unemployment
rate?
Choose one or more:
A. There are too few observations collected monthly. The
small sample size causes inaccurate measurements.
B. Temporary workers are not counted as
employed.
C. If someone is working at a lower-paying job but is
qualified for a higher-paying job, he/she is counted as
unemployed.
D. The unemployment rate does not include discouraged
workers.
Which of the following can lower the level of frictional
unemployment over...
Fill in the blanks to make the following statements correct a. The NAIRU is composed of frictional unemplöyment and unemployment. The NAIRU is always than zero b. If there are 1000 loggers in British Columbia who are unemployed, and 1000 vacant positions for call centre operators in New Brunswick, we say that this unemployment is percentage points are due to C. Suppose the NAIRU in June 2018 was 60 percent. If the actual unemployment rate was 82 percent, we can...
Which of the three measures of inflation measures the average price level of the largest number 19. of goods? a. The CP b. The GDP Deflator c. The Producer Price Index d. The Wholesale Price Index 20. Which of the following is NOT a reason why people save a. To smooth consumption over their lives b. To finance their future retirement c. As a way to transfer income from good times to bad d. To increase investment 21. If the...
Question (1 point) 1st attempt Which of the following situations would be considered frictional unemployment? Choose one or more: O A, A software development firm finds the perfect employee, but it waits to hire her because government regulations require the government to consider other candidates before the firm makes a job offer O B. Arecent college graduate takes a month off to travel while deciding between two job offers. O C. A worker in a textile factory loses her job...
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