1) As the unemployment rate rises: A) the separation rate decreases. B) the young and unskilled experience lower-than-average increases in unemployment. C) the young and skilled experience larger-than-average increases in unemployment. D) the young and unskilled experience larger-than-average increases in unemployment. E) the proportion of the unemployed finding a job increases.
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![1) As the unemployment rate rises:
A) the separation rate decreases.
B) the young and unskilled experience lower-than-average increases in unemployment.
C) the young and skilled experience larger-than-average increases in unemployment.
D) the young and unskilled experience larger-than-average increases in unemployment.
E) the proportion of the unemployed finding a job increases.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5af5dcf7-1819-49c8-b323-d3e248d5c5cc%2Fed4c88cc-d6b7-4314-9f8c-af3f1b61d2df%2Fvej8ba_processed.jpeg&w=3840&q=75)
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- 1)Total Population 330.0 million Adult, noninstitutionalized, non military population 260.0 million Unemployment 8.5 million a) If the labor force participation rate is 65% what is the labor force? b) How many workers are employed? c) What is the unemployment rate?In the beginning of a recovery after a recession, employment begins to rise and the news media report these data on job growth. a) would such a report have an impact on the labor force ? b) how would it effect the unemployment rate?In which of the following cases will we observe unemployment? the quantity of labor demanded is greater than the quantity of labor supplied at the going wage rate. the wage is below the level that balances supply and demand for labor. there is a shortage of workers. the quantity of labor demanded is less than the quantity of labor supplied at the going wage rate.
- Describe how a rise in the wage rate might cause unemployment.The rate of job separations in the economy is 0.013 (1.3 percent) and rate of job finding is 0.25 (25 percent). a) If the economy has 500 workers in the labor force, calculate the unemployment rate and the number of unemployed in the steady state. b) If the rate of job separations is 1 percent, what happens to the unemployment rate and the number of unemployed in the steady state? c) If labor force suddenly increases by 20 workers who are seeking work (and the rate of job separations remains at 1 percent), what is the immediate change in the unemployment rate? What is the new steady-state unemployment rate? Draw a graph on how unemployment rate evolves in time.1) Suppose the job separation rate (s) of an economy is 0.01 and the job findings rate (f) is 0.2. The long run unemployment rate (u) is then 4.7%. Suppose the government is implementing a new law that helps unemployed people find jobs sooner. Which of the following is the most likely outcome? a) s increases and u decreases b) s decreases and u increases c) fincreases and u increases d) f increases and u decreases
- The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment 3%Natural rate of unemployment 4%Civilian, noninstitutional population age 16 and over 125 millionNumber of people employed full time 92 millionNumber of people employed part time 5 millionNumber of people unemployed 3 millionNumber of discouraged workers 2 million(a) Calculate the size of the labor force. Show your work. (b) Calculate the labor force participation rate. Show your work. (c) Given the state of the economy described in the table, is actual real output less than, greater than, or equal to potential real output? Explain. (d) Calculate what the cyclical unemployment rate would be if the actual rate of unemployment increased to 5 percent. Show your work. (e) Suppose discouraged workers reenter the labor force and find employment. Will the actual rate of unemployment increase, decrease, or stay the same?The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment 3% Natural rate of unemployment 4% Population of the country 125 million Number of people employed 97 million Number of people unemployed 3 million Number of people employed part time 5 million Number of discouraged workers 2 million (a) Calculate the size of the labor force. Show your work. (b) Calculate the labor force participation rate. Show your work. (c) Given the state of the economy described in the table, is actual real output less than, greater than, or equal to potential real output? Explain. (d) Calculate what the cyclical unemployment rate would be if the actual rate of unemployment increased to 5 percent. Show your work. (e) Suppose discouraged workers reenter the labor force and find employment. Will the actual rate of unemployment increase, decrease, or stay the same?For the following situations, identify the type of unemployment each represents. a. Because of the decline in the U.S. birth rate, baby clothes manufacturers are laying off workers. b. Bill decided to relocate to Texas. He quit his present job and found a new job in Texas three weeks later. c. As interest rates continue to rise, the sale of new homes decreases. This has caused an increase of unemployed construction workers.
- When the following events happen, does the unemployment rate rise (R), fall (F), or stay the same (S)? just write the letter (R,F,S) next to the question Workers are laid off and start looking for work. People without jobs who are looking for work find work. People without jobs and looking for work give up and stop looking. People without jobs and not looking for work become encouraged and decide to start looking for work.Frictional unemployment is the Frictional unemployment is the a) unemployment that results when people become disheartened about their chances of finding a job and so stop looking for work. b) portion of unemployment that is due to the normal working of the labour market. c) 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. d) unemployment that occurs during recessions.Which of the following people are counted as unemployed? a)A person out of work and actively searching for work b)A person in prison. c)A person who wants to work but stopped searching six months ago. d)A person who works part time but who wants a full-time work.
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