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.
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 7P
Related questions
Question
Solve all questions compulsory don't use chat GPT..... Pls don't AI content added pls in this answer..... Please provide steps by step answer with proper calculation and explanation with final answer..... I will 2nd time upload this question not proper way this answer..........
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Microeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506893
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning