**QUESTION 13** Use the following figure to answer this question: (Graph description) This graph displays the "Unemployment Rate" alongside the "Natural Rate of Unemployment" from 1960 to 2015. The vertical axis represents the percentage of unemployment, ranging from 3% to 11%. The graph highlights several periods with shaded vertical bars, indicating times of recession. - From 1960 to 1980, there are significant peaks in unemployment around 1975 and 1980. - From 1980 to 2000, unemployment rises notably in the early 1980s and early 1990s. - In the early 2000s and particularly around 2010, unemployment spikes sharply. --- **Which of the following statements is not correct?** A. In 1985, the U.S. economy was in recession. B. In 2000, the cyclical unemployment rate was approximately -1%. C. In 2010, the economy was not in full employment. D. In 1980, the cyclical unemployment rate was equal to the frictional unemployment rate. --- Click Save and Submit to save and submit. Click Save All Answers to save all answers.

QUESTION 13 Use the following figure to answer this question: (Graph description) This graph displays the "Unemployment Rate" alongside the "Natural Rate of Unemployment" from 1960 to 2015. The vertical axis represents the percentage of unemployment, ranging from 3% to 11%. The graph highlights several periods with shaded vertical bars, indicating times of recession. - From 1960 to 1980, there are significant peaks in unemployment around 1975 and 1980. - From 1980 to 2000, unemployment rises notably in the early 1980s and early 1990s. - In the early 2000s and particularly around 2010, unemployment spikes sharply. --- Which of the following statements is not correct? A. In 1985, the U.S. economy was in recession. B. In 2000, the cyclical unemployment rate was approximately -1%. C. In 2010, the economy was not in full employment. D. In 1980, the cyclical unemployment rate was equal to the frictional unemployment rate. --- Click Save and Submit to save and submit. Click Save All Answers to save all answers.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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. Assume that that a country’s total population is 260 million. 24% of the population is under 16 years of age. In addition, 2.3% of adult population are institutionalized. Of the total labor force, 173 million are employed. What is the unemployment rate?
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Currently, the Bureau of Labor Statistics does not include homemakers in its employment and labor force totals. What would happen to the unemployment rate and the labor force participation rate if homemakers were included in these numbers? OA. Both the unemployment rate and the labor force participation rate would increase. OB. The unemployment rate would increase and the labor force participation rate would decrease, OC. Both the unemployment rato and the labor force participation rate would decrease. OD. The unemployment rate would decrease and the labor force participation rate would increase.
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How does cyclical unemployment change between a business cycle trough and a business cycle peak? At a business cycle trough, cyclical unemployment is and at a business cycle peak, cyclical unemployment is O A. positive; negative B. high; zero C. zero; low O D. negative; positive
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2 K 13 n 14 on 15 tion 16 estion 17 gestion 18 Question 19 Suppose you are given the following information about a country: What is the total unemployment rate for this country?% (Enter your response as a percentage rounded to two decimal places) Type here to search 13 O Frictional unemployment rate Seasonal unemployment rate Cyclical unemployment rate Structural unemployment rate 1.41% 0% 2.21% 4.32%
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