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- If some employed workers exit the labor force, the unemployment rate will be ______Cyclical unemployment is caused by the recession to expansion. Osupply; moving to the right Odemand; moving to the right Odemand; moving to the left supply; moving to the left for labor during an economy moving fromThe economy has part time workers of 30 million people, and full time workers of 160 million people. There are 10 million who have no job and search for one. Lastly, 10 million who have no job but stop searching while waiting for a positive mood in the economy. The unemployment rate in the economy is______%.
- If the number of people in the labor force is 170 million and 155 million people are employed, then the unemployment rate is __________ percent.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 effectivelySuppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will . The demand for labor among automobile-producing firms in Michigan, for which steel 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. Establishing government-run employment agencies to connect unemployed workers to job vacancies Taxing the price of placing a resume or posting a job opening on a job-search website Increasing the benefits offered to unemployed workers through the government's unemployment insurance program
- 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 optionsQUESTION 9 Is it possible for the unemployment rate to go down while the number of unemployed workers increases? Yes, if the labor force participation rate increases sufficiently Yes, if the working age population grows sufficiently No since unemployment is always bad for the economy Yes, if discouraged workers reenter the labor force to fill job openings in sufficient numbers No, any increase in the number of unemployed will result in an increase in the unemployment rate Yes, if the labor force participation rate decreases sufficientlySuppose a country’s population is growing due to immigration. In the long run, output will ________ due to ________. remain unaffected; price adjustment increase; an increase in short-run aggregate supply increase; an increase in long-run aggregate supply increase; an increase in both long-run and short-run aggregate supply increase; an increase in aggregate demand Which of the following would cause an upward movement along the aggregate demand curve? The value of the dollar increases. There is an increase in expected income. There is an increase in the expected price level. An increase in the price level increases the value of real wealth. An increase in housing prices increases the value of real wealth.
- 9. _______________________ happens when the economy is producing at its potential and unemployment is at the natural rate of unemployment. (A) The foreign price effect (B) Stagflation (C) Full employment GDP (D) The interest rate effectThe natural rate of unemployment will not change following an increase in ________ unemployment. cyclical frictional structural All of theseOn Coral Island in 2019, the labor force is 12,000, the unemployment rate is 10 percent, and the labor force participation rate is 60 percent. During 2020, the working-age population increased by 1,000, 200 unemployed people found jobs, but the labor force did not change. Calculate the working-age population, the unemployment rate, and the labor force participation rate at the end of 2020. At the end of 2020, the working-age population is _____ .