In Year 2, what happens to each of the following when 1 million job seekers become “discouraged workers"? a. Number of unemployed persons. O Uncertain Decreases O Increases O No change b. Unemployment rate. O No change O Uncertain O Increases O Decreases c. Number of employed persons. No change O Uncertain Increases O Decreases

In Year 2, what happens to each of the following when 1 million job seekers become “discouraged workers"? a. Number of unemployed persons. O Uncertain Decreases O Increases O No change b. Unemployment rate. O No change O Uncertain O Increases O Decreases c. Number of employed persons. No change O Uncertain Increases O Decreases

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following statements are true? Select one or more: a. Someone is counted as unemployed if they do not have a job. b. The participation rate is the (employed/labour force) x 100. O c. The unemployment rate is (unemployed/labour force) x 100. O d. The unemployment rate is (unemployed/population of working age) x 100.
The following table contains information for the U.S. for 1998. Thousands of U.S. Economy: 1998 Persons Civilian labor force 137,565 Civilian employment Civilian working-age population 131,293 205.015 Compute the unemployment rate and the labor force participation rate. O A. Unemployment rate = 9.54 percent; Labor force participation rate = 67.1 percent. O B. Unemployment rate = 4.56 percent; Labor force participation rate = 95.44 percent. O C. Unemployment rate = 3.06 percent; Labor force participation rate = 48.8 percent. O D. Unemployment rate = 4.56 percent; Labor force participation rate = 67.1 percent.
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Unemployment that occurs from fundamental technological changes in the production, or from the substitution of new goods for traditional ones, is known as: structural unemployment. O frictional unemployment. O underemployment. O cyclical unemployment.
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QUESTION 5 A worker who loses a job at a call center because the company moved the call center operations to another country is an example of O a. frictional unemployment. O b. structural unemployment. Oc. cyclical unemployment. O d. disguised unemployment.
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Which of the following statements are true? Select one or more: O a. Someone is counted as unemployed if they do not have a job. O b. The participation rate is the (employed/labour force) x 100. Oc. The unemployment rate is (unemployed/labour force) x 100. O d. The unemployment rate is (unemployed/population of working age) x 100. F
Economists find in a business cycle, a peak represents the end of, and a trough represents the end of Select one: a. an expansion; a recession O b. a depression; an expansion O c. a recession; an expansion O d. a trough; a peak
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during expansions. The rate of unemployment tends to during recessions and During prolonged recessions, it is difficult for workers to find a job and many workers become discouraged. Which of the following is a correct statement? O A. Discouraged workers are counted in the labor force and cause the participation rate to fall. B. Discouraged workers are counted in the labor force and cause the participation rate to rise. C. Discouraged workers are not counted in the labor force and cause the participation rate to fall. OD. Discouraged workers are not counted in the labor force and cause the participation rate to rise.
When cyclical unemployment is zero, O the unemployment rate equals the natural unemployment rate. O frictional unemployment is zero. O cyclical and frictional unemployment are zero. O the natural unemployment rate is zero. O structural unemployment is zero.