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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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