Millions of Americans were unemployed in 2020 largely for ____________ reasons. The Wall Street Journal reports that many jobs, like daily hotel room cleaning, could be gone forever. The result could lead to _________ rates of _________ unemployment over time.   Structural; higher; frictional   Frictional; lower; structural   Cyclical; higher; structural   Natural; lower; cyclical

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: Cyclical unemployment        -------is unemployment caused by a recession. As output​ (GDP) is​…

A: Cyclical unemployment is caused when there is a loss of job due to downfall in economy. Hence,…

Q: The natural rate of unemployment is decomposed into unemployment. cyclical and frictional structural…

A: The natural rate of unemployment is a sum of structural and frictional unemployment.

Q: Determine whether each of the following would be considered frictional, structural, seasonal, or…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Structural Unemployment occurs when wage is kept above equilibrium. There are three reasons for…

A: Structural unemployment occurs when wages do not exist. Adjust in equilibrium so that the number of…

Q: Suppose the world price of aluminum falls significantly. The demand for labor among…

A: Unemployment is when a person who is able to work and willing to work at the prevailing wage rate…

Q: Suppose the rate of job finding (a) is 0.357, while the rate of job separation (ß) is 0.018. If…

A: Given : a=0.357 b=0.018 Fixed labor force=100,000 Unemployed=6000

Q: True or False. Cyclical Unemployment = Frictional + Structural Unemployment. True. False.

A: A person is said to be cyclical unemployed when he/she lost a job due to economic recession.  A…

Q: : This economy is not currently at its natural rate of unemployment.

A: Natural rate of unemployment refers to the unemployment existing in the economy regardless of the…

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

A: Unemployment is a situation when a large part f the population is looking for work but is not…

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: State whether the following are true or false and explain why. i. Frictional and structural…

A: Unemployment refers the people who are willing and able  to work but unable to get any job at…

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: Is it reasonable to expect the unemployment rate to fall to zero and economy? what is the…

A: In an economy it is quite unreasonable the expect the unemployment rate to fall to zero.

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: Cyclical unemployment is:     typically based on inadequate demand in an economy            also…

A: When people are eager and able to work but are unable to locate employment possibilities, this is…

Q: Identify each person in the table as structurally, frictionally, or cyclically unemployed.…

A: Cyclical unemployment occurs due to the business cycle in the economy . When there is a recession,…

Q: Which type of unemployment is not included in the natural unemployment rate? Why? Which phase of the…

A: Unemployment is characterized as a circumstance where an individual of working age can't find a new…

Q: The natural rate of unemployment will not change following an increase in ________ unemployment.…

A: Natural Rate of Unemployment consists of both Frictional and Structural Unemployment. Frictional…

Q: f the number of people in the labor force is 170 million and 155 million people are employed, then…

A: labor force = employed + unemployed thus unemployed= 170-155 mn = 15 million

Q: Do not round any of your answers. Unemployment Problem Suppose the rate of job finding (a) is 0.357,…

A: Since you have asked a question with multiple subparts we will solve the first three parts for you.…

Q: If some employed workers exit the labor force, the unemployment rate will be ______

A: The unemployment rate is a portion of the unemployed of the labor force. The labor force is a sum of…

Q: The following table shows data on frictional, cyclical, structural, and total unemployment for an…

A: Given: Frictional unemployment = 1.0 Cyclical unemployment = 0.0 Structural unemployment = 3.1 Total…

Q: Give typing answer with explanation and conclusion Which of the following is true? Select one:…

A: The active participants of the labor force not being associated with any jobs or works at present…

Q: The sum of frictional, seasonal, and structural unemployment is referred to as the…

A: In this Option E is correct.

Q: Assume that frictional unemployment is 25; structural unemployment is 50; cyclical unemployment is…

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

Q: Suppose that the current GDP is 6% higher than its potential. What is the effect of this situation…

A: Okun's law states the relationship between the economy's growth rate and unemployment rate.

Q: The following table shows data on frictional, cyclical, structural, and total unemployment for an…

A: Natural unemployment - It shows the rate of unemployment present naturally in the economy at the…

Q: ) What is the relationship of frictional, structural, seasonal and cyclical unemployment to the…

A: Frictional unemployment occurs when a worker changes the job from one to another. He remains…

Q: All frictional unemployment is short-term unemployment; all structural unemployment is long term…

A: Unemployment is the status of not being able to find work despite actively looking for one.…