(a) Why does structural unemployment happen? Explain the sources of structural unemployment. (b) Of all adult workable people in a country, 1,000 are looking for jobs, 9,000 are working, and 2,000 are no longer looking for jobs. Using this information, calculate the labor force participation rate and the unemployment rate.
(a) Why does structural unemployment happen? Explain the sources of structural unemployment. (b) Of all adult workable people in a country, 1,000 are looking for jobs, 9,000 are working, and 2,000 are no longer looking for jobs. Using this information, calculate the labor force participation rate and the unemployment rate.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 25RQ: Would you expect the natural rate of unemployment to remain the same within one country over the...
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