22) If the rate of job finding equals 19%, and the natural rate of unemployment is 5%, then the rate of job separation equals A) 1%. B) 5.26%. C) 20.8%. D) 26.3%. 23) In countries with very restrictive labor laws, many firms are reluctant to hire workers. This reluctance can A) reduce cyclical unemployment and the natural rate of unemployment. B) reduce structural unemployment and the natural rate of unemployment. C) reduce frictional unemployment and the natural rate of unemployment. D) increase the natural rate of unemployment. 24) Suppose that the labor movement has a revival in the United States and the majority of workers join labor unions. As a result we would expect A) the unemployment rate to fall. B) the unemployment rate to rise. C) no change in the unemployment rate, but a decrease in the natural rate of unemployment. D) an increase in the unemployment rate, but a decrease in the natural rate of unemployment.

22) If the rate of job finding equals 19%, and the natural rate of unemployment is 5%, then the rate of job separation equals A) 1%. B) 5.26%. C) 20.8%. D) 26.3%. 23) In countries with very restrictive labor laws, many firms are reluctant to hire workers. This reluctance can A) reduce cyclical unemployment and the natural rate of unemployment. B) reduce structural unemployment and the natural rate of unemployment. C) reduce frictional unemployment and the natural rate of unemployment. D) increase the natural rate of unemployment. 24) Suppose that the labor movement has a revival in the United States and the majority of workers join labor unions. As a result we would expect A) the unemployment rate to fall. B) the unemployment rate to rise. C) no change in the unemployment rate, but a decrease in the natural rate of unemployment. D) an increase in the unemployment rate, but a decrease in the natural rate of unemployment.

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 7P

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Similar questions

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