9. What happened to the frictional unemployment in Spain (select one)?a. Frictional unemployment remained the same.b. Frictional unemployment decreased.c. Frictional unemployment increased.10. What happened to the structural unemployment in Spain(select one)?a. Structural unemployment remained the same.b. Structural unemployment decreased.c. Structural unemployment increased.11. What happened to the price levels in Spain(select one)?a. Price levels remained the same.b. Price levels decreased.c. Price levels increased. Use the following information to answer questions 8 through 11:The graph below shows the AD-AS diagram for Spain. Suppose that the economy experiences anegative aggregate demand shock denoted by the move from AD1 to AD2.Note that the new curve is shown in gray.1200+1100ALN1000+900Al800 -700-600500400 -309AS200100+LRAS200Real GDP300. 4001005006007008009001000 1100 1208. What has happened to the cyclical unemployment in Spain (select one)?a. Cyclical unemployment remains the same.b. Cyclical unemployment decreased.c. Cyclical unemployment increased.Price Level

Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…

9. What happened to the frictional unemployment in Spain (select one)? a. Frictional unemployment remained the same. b. Frictional unemployment decreased. c. Frictional unemployment increased. 10. What happened to the structural unemployment in Spain(select one)? a. Structural unemployment remained the same. b. Structural unemployment decreased. c. Structural unemployment increased. 11. What happened to the price levels in Spain(select one)? a. Price levels remained the same.

9. What happened to the frictional unemployment in Spain (select one)? a. Frictional unemployment remained the same. b. Frictional unemployment decreased. c. Frictional unemployment increased. 10. What happened to the structural unemployment in Spain(select one)? a. Structural unemployment remained the same. b. Structural unemployment decreased. c. Structural unemployment increased. 11. What happened to the price levels in Spain(select one)? a. Price levels remained the same.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Use the figures below to answer the following question(s): P₁ P3 0 X3 X₁ X₂ Qp Real Output Graph A Profits to decrease AS₁ X₂ ASLR Product prices to decrease ут X Qp Real Output Graph B AS₂ AS₁ In Graph A above, an increase in the price level from P₁ to P₂ will cause: AS 3 The nation's unemployment rate to be greater than the natural rate of unemployment The nation's unemployment rate to be less than the natural rate of unemployment
QUESTION 13 "Consider the labor market in year 2021 but now assume that wages are totally rigid and cannot adjust during 2021. In this year business owners predict low sales for the years to come. As a result, they reduce labor demand. Draw the new equilibrium in a diagram and label it as point C. Use the following equations to find the new equilibrium: LD-70.000-w, LS-b+2w, where b-10,000. What is the unemployment rate? Keep in mind that wages are totally rigid and use the diagram to help you understand what is going on." 43 percent 22 percent. O 20 percent None of the other options
Suppose the world price of wood pulp falls substantially. The demand for labour among wood pulp-producing firms in northern British Columbia will .The demand for labour among paper and packaging-producing firms in southern British Columbia, for which wood pulp is an input, The temporary unemployment resulting from such sectoral shifts in the economy is best described as unemployment. will Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. Establishing government-run employment agencies to connect unemployed workers to job vacancies Extending the number of weeks for which unemployed workers are eligible for Employment Insurance benefits from the government Improving a widely used job search website so that it matches workers to job vacancies more effectively
Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will . The temporary unemployment resulting from such sectoral shifts in the economy is best described as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. O Improving a widely used job-search website so that it matches workers to job vacancies more effectively O Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks O Increasing the benefits offered to unemployed workers through the government's unemployment insurance program
At full employment there is no structural unemployment. unemployment. frictional unemployment. avoidable unemployment. cyclical unemployment.
The normal rate of unemployment that persists in the economy in the long run is called a. frictional unemployment. b. structural unemployment. c. cyclical unemployment. d. the natural rate of unemployment.
Structural unemployment is the unemployment that arises ____________. A. when wage rigidity creates a persistent gap between labor supply and labor demand. B. from workers' imperfect information about available jobs. C. during recessions when the unemployment rate is above the natural rate. D. from the average of the unemployment rates over an extended period of time.
The Suppose the world price of tobacco falls significantly. The demand for labor among tobacco-producing firms in Kentucky will demand for labor among cigarette manufacturing firms in Virginia, which use tobacco as an input, will The temporary unemployment that results from sectoral shifts such as the ones describes above is best categorized as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks Increasing the benefits offered to unemployed workers through the government's unemployment insurance program Establishing government-run employment agencies to connect unemployed workers to job vacancies
Frictional unemployment is the Frictional unemployment is the a) unemployment that results when people become disheartened about their chances of finding a job and so stop looking for work. b) portion of unemployment that is due to the normal working of the labour market. c) portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries. d) unemployment that occurs during recessions.
Between January 2010 and January 2016 us employment increased by 12.1 million workers but the number of unemployed workers declined by only 7.3 million how are these numbers consistent with each other
Image
#8 As recessions begin, income a and unemployment both fall. b rises and unemployment falls. c falls and unemployment rises. d and unemployment both rise.