!!"Good news, the unemployment rate is down!" Under what circumstances might a fallin the unemployment rate not be good news? Explain briefly.HTML EditorB IUA A▼回深国VxT ¶ 12ptParagrap

Answered: in the unemployment rate not be good…

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 45P: A country with a population of eight million adults has five million employed, 500,000 unemployed,...

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!!
"Good news, the unemployment rate is down!" Under what circumstances might a fall
in the unemployment rate not be good news? Explain briefly.
HTML Editor
B IUA A
▼回
深国
Vx
T ¶ 12pt
Paragrap

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Step 1

A zero level of unemployment is not good for an economy. Atleast the economy should have minimum natural rate of unemployment, otherwise this will cause negative reactions in an economy.

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