2. a) Can the unemployment rate ever be zero?Why or why not?b) Identify different types/reasonings forunemployment. Are there any such instances whendisplaced workers can be beneficial to theeconomy?3. a) What is the difference between theunemployment rate (UR) and the labor forceparticipation rate (LFPR)?b) Discuss some of the issues causing adisconnect in today's labor market?4. How does education and increased competitioneffect today's labor market? (think in the context ofhuman capital) Do the short-run implications differfrom the long-run?

(2a) In the context of the labor force, the unemployment rate is defined as the percentage of…

Answered: 2. a) Can the unemployment rate ever be…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 2P

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Similar questions

Are U.S. unemployment rates distributed evenly across the population?
What is structural unemployment? Give examples of structural unemployment.
While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
What is frictional unemployment? Give examples of frictional unemployment.
Why is there unemployment in a labor market with flexible wages?
Explain whether each of the following changes in the composition of the labor force is likely toaffect frictional or structural unemployment and increase or decrease the measured natural rate ofunemployment.(a) A “baby boom” causes an increase in the share of young workers (age 16–24) as a percentageof the labor force. (b) A loosening of federal restrictions on eligibility for disability benefits leads to an increase inthe number of people receiving disability payments
Between January 2012 and January 2019,U.S. employment increased by 17.3 million workers,but the number of unemployed workers declined byonly 6.3 million. How are these numbers consistentwith each other? Why might one expect a reductionin the number of people counted as unemployed tobe smaller than the increase in the number of peopleemployed?
Out of all types of unemployment , which type of unemplyment has increased the most with the covid lockdown(s) ? Explain briefly why that is?
a) Determine the magnitude of the labour force in the economy?b) What is the Unemployment Rate for people aged 21 – 50? Report as apercentage to two decimal places. c) Calculate the Labour Force Participation Rate for this economy. Report aspercentage to two decimal places. d) Calculate the Unemployment Rate for this economy. Report as a percentage to two decimal places.e) Calculate the Employment Population Ratio for this economy. Repot as apercentage to two decimal places.f) For this part, assume that nothing changed with respect to the population, i.e. those who were working kept their jobs and those who were looking for jobs kept looking for jobs. For answering below questions choose between (will rise/will decrease/remains same) A. A baby is born.i) Unemployment Rate will……………………..ii) Labour Force Participation Rate will………….iii) Employment – Population Ratio will………….B. John, 35 years old, was discouraged by the poor job opportunities, sohe was not working and not looking for a…
The attached table gives information about population , labor force , and employment in a hypothetical country Richland . The percentage unemployment rate (%) in this country frounded to the nearest integer ) is 20% O. True O. False
If a contry has a noninstitutional population of 200 million and a labor force of 160 million and 140 million people were employed what is its labor force participation rate and unemployment rate?

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