If unemployment is above the natural rate of unemployment, then potential GDP is:  A) Equal to actual GDP B) Greater than actual GDP C) Equal to the GDP gap D) Less than actual GDP

Q: Full employment unemployment rate" (also called the natural rate of unemployment) is defined as…

A: Unemployment refers to a state of joblessness during which an individual who is eligible, willing,…

Q: Full employment exists when, on average, nearly two out of three adults in the labor force are…

A: Full employment implies that the labor force is efficiently used and the unemployment is usual after…

Q: Which of the following statements is false? Sticky wage theories presume that the main cause of…

A: Statement 1 is true- Wages can be stifled for a variety of reasons, including labor unions and…

Q: Which one of the following will increase the officially reported level of unemployment?     A)…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: corresponds to the correct word or phrase natural rate of unemployment unemployment rate less…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three subparts for you.…

Q: Reducing the natural rate of unemployment requires reducing the rate of job separation and…

A: Natural rate of unemployment is the unemployment rate that persist in a healthy and growing economy…

Q: Calculate the unemployment rate based on the following information: Working-age population: 219…

A: Unemployment is an economic problem that occurs when people who are able and willing to work fail to…

Q: Identify which type of unemployment is increasing in each of the below scenarios. The government…

A: Unemployment is a state when particular worker is looking for work but is not able to find work…

Q: A group of refugees from Syria just moved to the U.S. and are looking for office desk jobs. They are…

A: Unemployment is a situation where the people who want a job but are not getting the same.This means…

Q: What is the macroeconomic cost of unemployment?   social stress   inflation   national…

A: Unemployment has a direct effect on countrywide production because when people are unemployed, they…

Q: Telephone operators who have lost their jobs as a result of computerized switchboards are an example…

A: A person who is able and willing to work at the going rate of pay is said to be unemployed. It is a…

Q: Which of the following pictures best describes the impact on the labor market of a reduction of the…

A: Unemployment benefit is a kind of insurance that is paid by the government to people who have lost…

Q: Since 1960 there has been a substantial increase in unemployment rates in major European countries.…

A: The unemployment refers to the phenomenon in which the people who are willing to work at the…

Q: Consider an economy with the following data:   Employed = 891 million Unemployed = 9 million…

A: Unemployment Rate = Total Unemployed / Total Labor Force * 100 Total Labor Force = Total Employed +…

Q: Which of the following contribute to the natural rate of unemployment? Instructions: You may select…

A: The natural rate of unemployment is the level of unemployment that the economy tends to return to in…

Q: Frictional unemployment is: unemployment that is due to the friction of competing ideological…

A: Frictional unemployment is defined as joblessness caused by typical labour market turnover. Labor…

Q: QUESTION 7 Which of the following pictures best describes the impact on the labor market of an…

A: Unemployment insurance benefits that are more generous improve the functioning of the labour market…

Q: Which of the following would impact the Natural Rate of Unemployment?   Question 7 options:   All…

A: Cycles in unemployment explain why unemployment rises during a slump and falls during an upturn. So,…

Q: employment=225, d

A: ‘Unemployment’ refers to a situation where people are ready for the job but unable to find it. The…

Q: If the rate of job separation is 1% and the rate of job finding is 10%, the natural rate of…

A: The natural rate of unemployment is the time for which the people are not for work between the time…