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.
Give typing answer with explanation and conclusion
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.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
4. (a) Explain clearly the job separation rates and the job finding rate f in the bathtub model of unemployment. Write out the formula for each rate. (b) An economy has a working-age population of 15,000, a labor force of 10,000, and 9,000 people actually working. Calculate the unemployment rate. Show thy work!
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.
S 3. Discouraged workers and involuntary part-time workers Simply counting the number of unemployed workers will not necessarily give the Bureau of Labor Statistics (BLS) the most accurate indication of the extent of underemployment in the economy. Some part-time workers will be counted as employed even if they'd like to work full-time. Furthermore, some jobless workers will not qualify as unemployed because they have given up on their job search, frustrated with their inability to find work. Fortunately, the BLS can use the information provided in the household survey to classify workers in ways that account for these types of underemployment. The BLS classifies those who work part-time because they cannot find full-time employment as involuntary part-time workers. The BLS classifies as discouraged workers those who want and are available for work but have not searched for employment during the previous four weeks because they believe their job search is currently futile. By keeping…
11. Optimal unemployment insurance: Consider the following two proposals to reform unemployment insurance. Explain the arguments for and against each reform. 1. The insurance payment would be increased so that it replaced 100% of a worker's regular labor income for 26 weeks. 2. Each worker would be paid a lump sum equal to 10 weeks of his or her labor income at the start of the spell of unemployment. There would then be no other payments.
13 - Which of the following types of unemployment occurs in countries whose GNP is largely based on agricultural production?A) FrictionalB) accidentalC) cyclicalD) seasonalE) Public Employees
(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