Mary has been out of the paid workforce in order to raise her children. Now she decides to do paid work and is looking for a job.  This means that the number of unemployed  [Select (1)]  and the labour force  [Select (2)]  . (1) a- increases b- decreases c- is unchanged d- there is not enough information to say (2) a- increases b- decreases c- is unchanged

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: (2012 = 100) item ood lothing uel and lighting 132 60% 154 12% 147 16% ousing liscellaneous 178 8%…

A: A customer price index (CPI) is a value list, the cost of a weighted average market bin of purchaser…

Q: labor force participation rate

A: Labor force participation rate = [(Number of employed people + Number of unemployed people) / Non…

Q: If the unemployment rate is 6.2% and the number of people employed is 400,000, total number of…

A: Given that, the unemployment rate is 6.2%  number of people employed is 400,000 we have to find the…

Q: Consider an economy in which the marginal product of labour is given by MPN = A(150 − N), where N is…

A: Labour market: labour market is a market where the firms and households interact. The firms demand…

Q: The amount of unemployment that an economy normally experiences is called the typical rate of…

A: Unemployment can be defined as the state of being without a job or occupation. It refers to the…

Q: U.S. population is 328 million people 70 million individuals are legally classified as unable to…

A:

Q: Frictional unemployment may exist under full employment level.  True/False

A: Full employment refers to a situation whereby I almost everyone who is willing to work is having…

Q: If the number of people classified as unemployed is 5,000 and the number of people classified as…

A: When someone actively seeks employment but is unsuccessful, they are said to be unemployed. The…

Q: Suppose the current unemployment rate is 5 percent, the labor force is 400 million people, and the…

A: The answer is d) 20 million people.Here's why: The unemployment rate represents the percentage of…

Q: Use supply and demand graphs to illustrate the increase and subsequent decrease of lumber prices…

A: Suppose the market for lumber is in equilibrium as shown below, the equilibrium is maintained at…

Q: Q1) The labor force in Pakistan is 15,000,000 and the number of employed is 12,000,000. 1)…

A: Unemployment Rate is a rate that represents the number of people, individuals, or labor who are…

Q: The three people described in the following table are categorized as unemployed by the Bureau of…

A: When there is a mismatch between the skills that the jobless people possesses and the jobs that are…

Q: High employment is: The goal of maintaining a low national unemployment rate of near 0% unemployment…

A: The unemployment rate is the percentage of the total labor force that is unemployed but actively…

Q: Q11 MCQ Reginald looked for work for six months but could not find a job to his liking. He now…

A: These Options are wrong because,  Underground economy, likewise called shadow economy, exchange of…

Q: The natural rate of unemployment O increases during recessions and depressions. equals the…

A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…

Q: The town of Marble Falls has 10 workers, of which 8 were employed and 2 were actively seeking work.…

A: Unemployment has the potential to stunt the development and expansion of the economy by lowering…

Q: When Full employment GDP is less than equilibrium GDP, the economy faces A) Recession B) Inflation…

A: Full employment refers to the economic situation where all the labor resources in the economy are…

Q: Suppose the real GDP of an economy is $400 billion dollars and its unemployment rate is 6%. If the…

A: The summation of countries' goods and services in final mode is called its gross domestic product.…

Q: Labor force participation rate 60%, Population (assume everyone is over 16 years of age, civilian,…

A: Unemployment rate: - it is the percentage of people out of the total labor force who are able and…

Q: 2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If…

A: A discouraged worker or labor is a person who can work and eligible for employment but is unemployed…

Q: How does an overheated economy affect wages? They rise much more steeply than usual. They decline at…

A: Overheating of an economy usually takes place when the demand exceeds the supply. This leads to…

Q: The level of natural unemployment is 5%, the actual one is 10%. The Okun’s coefficient is 2%;…

A: Okun's law states the statistical relationship between the output gap and the cyclical unemployment…

Q: Which of the following statements is true? The consumer price index (CPI) measures changes in the…

A: Inflation is the general increase in prices(P) of services and items over time. The purchasing power…

Q: A low unemployment rate, between 2 and 7%, may be considered full employment. True or false

A: Unemployment: Any individual who is willing and able to work at the existing wage rate but couldn't…

Q: In 2019 they were 10,000 people employed 1000 people unemployed and 1500 people not in the labor…

A: total employed in 2020 = employed in 2019 + who are looking or hired in 2020 - quit their job and…

Q: Calculate the nominal rental price of capital Md=(.67Y-0.5r)P Ms=100 P= 0.96 Y=150 r= -6…

A: The real rental price is determined when the demand for capital is equal to the supply of capital.…

Q: The Unemployment Rate is defined as which of the following? as the percentage of the adult…

A: Labor force is the sum of employed and unemployed. It includes the people who are currently working…

Q: If the number of unemployed equals 10,000, the number of employed equals 70,000, and the number not…

A: The labor force participation rate is  measure of an economy’s active workforce.

Q: f the current unemployment rate is 8% and the natural rate of unemployment is 6%, what do we know…

A: The natural rate of unemployment is the lowest level of unemployment that an economy can sustain…

Q: act as automatic stabilisers

A: Unemployment means  people who come under a specific age and are  willing to do work  they are not…

Q: real value will increase only when prices increase. Select one: True False If the real value for…

A: The nominal values do not reflect true change in the quantities or real GDP. it is the real GDP…

Q: When real GDP is greater than potential GDP, there is ________ which leads the inflation rate to…

A: Inflation can be defined as a rise in the overall price of all products and services in an economy…

Q: Is it possible for the unemployment rate to go down while the number of unemployed workers…

A: The unemployment rate is the percentage of the total labor force that is unemployed but actively…

Q: When the unemployment rate falls to the full-employment level: There is increased concern about…

A: The individuals or people in a country who are not able to find a job at the market wage rate are…

Q: When full employment is present in the United States: approximately 95 percent of the labor force…

A: There are four basic unemployment types studied by macroeconomists and labor economists. They are:…

Q: assume that as the economy booms, the demand for business and consumer loans rises significantly…

A: As we can see, the annual increase in interest rates for business loans to consumers is 20%, while…

Q: If discouraged workers are included in the determination of the unemployment rate, what effect will…

A: Discouraged workers are those workers who are not actively seeking employment but would like to work…

Q: Which of the following are true of an economy operating with a negative GDP gap? Check all that…

A: Gross Domestic Product (GDP at MP): This is the gross market value of all the final commodities…

Q: Even an economy that is operating at peak efficiency will have a positive unemployment rate.…

A: Unemployment rate is the percentage of labor labor willing and able to work, are unable to find a…