16-) Question: Unemplyment insurance increases the amount of .. unemployment by . and .... Labor unions increases the amount of .. unemployment by. a) frictional / making workers more desperate in their search for new jobs / structural / increasing the real wages b) frictional / softening the economic hardship of unemployment / structural / adopting efficiency wages c) frictional / encouraging workers to accept the first job offer that they receive / structural / adopting efficiency wages d) frictional / softening the economic hardship of unemployment / structual / increasing the real wages e) structural / encouraging workers to accept the first job offer that they receive / frictional / adopting efficiency wages

16-) Question: Unemplyment insurance increases the amount of .. unemployment by . and .... Labor unions increases the amount of .. unemployment by. a) frictional / making workers more desperate in their search for new jobs / structural / increasing the real wages b) frictional / softening the economic hardship of unemployment / structural / adopting efficiency wages c) frictional / encouraging workers to accept the first job offer that they receive / structural / adopting efficiency wages d) frictional / softening the economic hardship of unemployment / structual / increasing the real wages e) structural / encouraging workers to accept the first job offer that they receive / frictional / adopting efficiency wages

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. They are dissatisfied with their current jobs and are considering quitting. They are counted as part of the labor force by the Bureau of Labor Statistics. They are employed workers who want to earn higher wages.
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Question 32 The official unemployment rate a) includes underemployed workers but not marginally attached workers. b) counts part-time workers as unemployed. c) includes marginally attached workers and underemployed workers. d) does not include marginally attached workers or underemployed workers. e) includes marginally attached workers but not underemployed workers.
Question: What does the term "gender wage gap" refer to? A) The difference in employment rates between men and women. B) The difference in wages earned by men and women for the same work. C) The total earnings of men compared to women in the economy. D) The difference in the number of men and women in the workforce.
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Month/Yr Sep/2020 Cyclical Rate of Unemployment (percent) 3.5 Suppose it is claimed that actual real GDP deviates from potential real GDP by 2% for every percentage point of cyclical unemployment. In other words, assume that actual real GDP falls below (or rises above) potential real GDP by 2% when the rate of unemployment rises above (or falls below) the natural rate of unemployment by 1%. Given the cyclical unemployment rate recorded above, this translates into actual real GDP deviating from potential real GDP by $ billion. (Enter your response rounded to one decimal place and use a minus sign if necessary. If actual GDP is below potential GDP, enter your answer as a negative value.)
(a) Explain the difference between the nominal wage and the real wage. Using a wage setting curve and a price setting curve illustrate how the real wage determines the equilibrium level of employment in the economy. (b) On a new diagram use a wage setting curve and a price setting curve to illustrate the change to the equilibrium level of employment if there is a reduction in the degree of competition faced by firms. Clearly state what will occur to the real wage and the level of unemployment.
Question 2 ) The Happyland Population Secretariat published the following information in 2022:  Total population: 30 million  Labor force: 85% of the total population  Employed population: 23.5 million people Use the information provided to answer the following questions: i. Calculate the population that is excluded from the labour force in Woodland Republic in 2021 and indicate at least 4 sectors that are excluded from labour force. ( ANSWER b) (i): ii. Calculate the Happyland Republic’s unemployment rate in 2022. Full explain this question and text typing work only thanks
(c) Why is the unemployment rate in labour market equilibrium also called the "inflation-stabilizing rate of unemployment"? (d) Which is better for the economy, when the rate of inflation is 3% or 0%?
No Plagirism Please! 15. Formulate reasons as to why a recession might occur. Then, hypothesize how total economic output and prices will behave in the years following the recession. 16. Explain the three main types of unemployment experienced within an economy. Provide at least one example demonstrating each type of unemployment
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