MCQ 40 If the labour market is flexible, and the capital stock is rising and labour supply is contracting, in the long run we would expect to observe: A rising employment and a falling real wage level I do not want to answer this question. C a rising real wage, but the change in employment can't be determined from the available information D falling employment and a falling real wage E rising employment, but the change in the real wage can't be determined from the available information F falling employment, but the change in the real wage can't be determined from the available information

MCQ 40 If the labour market is flexible, and the capital stock is rising and labour supply is contracting, in the long run we would expect to observe: A rising employment and a falling real wage level I do not want to answer this question. C a rising real wage, but the change in employment can't be determined from the available information D falling employment and a falling real wage E rising employment, but the change in the real wage can't be determined from the available information F falling employment, but the change in the real wage can't be determined from the available information

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 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....

See similar textbooks

Similar questions

If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
What is frictional unemployment? Give examples of frictional unemployment.
Assess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.
Unemployment rates have been higher in many European countries in recent decades than in the United States. Is the main reason for this long-term difference in unemployment rates more likely to be cyclical unemployment or the natural rate of unemployment? Explain briefly.
The U.S. unemployment rate increased from 4.6 in July 2001 to 5.9 by June 2002. Without studying the subject in any detail, would you expect that a change of this kind is more likely to be due to cyclical unemployment or a change in the natural rate of unemployment? My?
What forces create the natural rate of unemployment for an economy?