Suppose that there are 150,000 employed individuals and 6,000 individuals without a job, but actively searching...
Suppose that there are 150,000 employed individuals and 6,000 individuals without a job, but actively searching for one. How large will unemployment be in the following period if the job finding rate is 75%, while the job separation rate is 4%?
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Suppose that there are 150,000 employed individuals and 6,000
individuals without a job, but actively searching...
Question 8 0.1 pts Suppose that there are 150,000 employed individuals and 6,000 individuals with...
Question 8 0.1 pts Suppose that there are 150,000 employed individuals and 6,000 individuals without a job, but actively searching for one. How large will unemployment be in the following period if the job finding rate is 75%, while the job separation rate is 4%?
Question 8 0.1 pts Suppose that there are 150,000 employed individuals and 6,000 individuals without a job, but actively searching for one. How large will unemployment be in the following period if the job finding...
Fakeland has 2.3 million employed people and 0.2 million unemployed people. The size of the labour...
Fakeland has 2.3 million employed people and 0.2 million unemployed people. The size of the labour force is fixed. The job finding rate is 22% and the separation rate is 3%. (a) What is Fakeland’s current unemployment rate? (b) How many unemployed workers will find a job this period? (c) How many employed workers will lose their job this period? (d) Given your answers above, will the number of unemployed people increase or decrease over time? (e) Compute Fakeland’s steady...
Consider a simple model where workers can be either employed or unemployed. If the job separation...
Consider a simple model where workers can be either employed or unemployed. If the job separation rate is 2% per month and the job finding rate is 53% per month, which of the following is FALSE? a) There are more workers losing their jobs than there are unemployed workers finding a job b) None of the other options c) The steady state unemployment rate is 3.6% d)The steady state employment rate is 96.4%
1. Suppose 21 million people are unemployed today in an economy. If the rate of job...
1. Suppose 21 million people are unemployed today in an economy. If the rate of job separation is 0.02 per month and the rate of job finding is 0.08 per month, what is the natural rate of unemployment? If labor force remains unchanged over time and 64 million people are employed in the steady-state of the economy, how many people are unemployed in the steady-state?
Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one....
Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one. They lost their previous job but their skills are very current and in demand. Which of the following categories would they be in? There may be more than one. unemployed more than 27 weeks or more a discouraged worker working part time but wants full time work marginally attached frictionally unemployed structurally unemployed unemployed employed...
Suppose country A has a total population of 1200. There are 200 children and 1000 adults....
Suppose country A has a total population of 1200. There are 200 children and 1000 adults. Of the 1000 adults, 850 are employed. Of the remaining 150 adults, 100 are not employed but are actively seeking work, and the remaining 50 are not employed and not actively seeking work. a. calculate and interpret the labor force participation rate. b. Calculate the unemployment rate and interpret it. Suppose of the 100 individuals who are unemployed, 20 are in the middle of...
Suppose the labor market has the following statistics: Unemployed=1million, Employed=4million, Adult population= 7million. (a) Suppose of...
Suppose the labor market has the following statistics: Unemployed=1million, Employed=4million, Adult population= 7million. (a) Suppose of the 1million unemployed, 80,000 of them find jobs every month; of the 4million employed,160,000 lose their jobs every month. (i) Calculate and interpret the steady state rate of unemployment (ii) Give an example of a policy that would reduce the rate of job separation. (iii) Suppose this policy reduces the number of people losing their jobs from 160,000 to 120,000. Calculate and explain how...
1. In an economy, 2 percent of the employed lose their job every month (s =...
1. In an economy, 2 percent of the employed lose their job every month (s = 0.02) and 10 percent of the unemployed find a job every month (f = 0.10). a. What is the steady-state rate of unemployment? b. If the economy were at a steady-state unemployment rate and the labour force were 20 million, how many individuals would lose their jobs each month? Suppose the GDP growth rate is 6 percent and inflation is 2 percent. If the...
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...
4. The town of Cuomoville consists of the following individuals: Zach is a jet fighter...
4. The town of Cuomoville consists of the following individuals: Zach is a jet fighter pilot in the Air Force. Yvette is employed part time as the Town Librarian. Xavier has his own carpentry business. Wanda works full time at the local flour mill. Victor has not been able to find a job for two years and has given up looking for work, Ursula usually works as a teacher, but she has been home for...
Question 8 0.1 pts Suppose that there are 150,000 employed individuals and 6,000 individuals without a job, but actively searching for one. How large will unemployment be in the following period if the job finding rate is 75%, while the job separation rate is 4%?
Question 8 0.1 pts Suppose that there are 150,000 employed individuals and 6,000 individuals without a job, but actively searching for one. How large will unemployment be in the following period if the job finding...
Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one. They lost their previous job but their skills are very current and in demand. Which of the following categories would they be in? There may be more than one. unemployed more than 27 weeks or more a discouraged worker working part time but wants full time work marginally attached frictionally unemployed structurally unemployed unemployed employed...
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...
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