O Macmillan Learning Unemployment and Inflation - End of Chapter Problem How will the following changes affect the natural rate of unemployment? Frictional unemployment falls a. The government reduces the duration of unemployment benefits. incorrect Frictional unemployment rises b. More teenagers focus on their studies and do not look for jobs until after college. Structural unemployment falls d. Union membership declines Answer Bank Structural unemployment rises e. Greater access to the internet leads both potential employers and potential employees to use the internet to list and find jobs

O Macmillan Learning Unemployment and Inflation - End of Chapter Problem How will the following changes affect the natural rate of unemployment? Frictional unemployment falls a. The government reduces the duration of unemployment benefits. incorrect Frictional unemployment rises b. More teenagers focus on their studies and do not look for jobs until after college. Structural unemployment falls d. Union membership declines Answer Bank Structural unemployment rises e. Greater access to the internet leads both potential employers and potential employees to use the internet to list and find jobs

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

The following table includes information on the unemployment rates among workers. Unemployment Rates Among Workers Type of Unemployment Rate of Unemployment (percent) Cyclical 5.6% Discouraged 2.0 Frictional 2.4 Structural 3.5 Instructions: Round your answers to one decimal place. a. What is the actual unemployment rate? b. What is the natural rate of unemployment?
Calculate the natural Unemployment rate
Question 23 The term natural in the phrase natural unemployment rate implies that the unemployment rate is as low as it can be when it is at the natural rate. that unemployment is at an ideal rate when it is at the natural rate. the unemployment rate that prevails when real GDP equals potential GDP. that the unemployment rate is at the highest rate it can be when it is at the natural rate. that the unemployment rate is at the rate it would be at if there were no minimum wage laws.
Assume the following data for a country: Category Total population Population under 16 years of age or institutionalized Not in the labor force Unemployed Part-time workers looking for full-time jobs Instructions: Enter your answers as a whole number. a. What is the size of the labor force? million b. What is the official unemployment rate? percent Number of People, Millions 500 120 160 33 10
Suppose an economy is experiencing the following rates of unemployment by type. Rate (%) Cyclically Unemployed 4.3 Frictionally Unemployed 4.8 Structurally Unemployed 4.2 The actual unemployment rate is Multiple Choice 13.3 percent and the natural rate of unemployment is 9.0 percent. 15.5 percent and the natural rate of unemployment is 13.3 percent. 9.0 percent and the natural rate of unemployment is 13.3 percent. 13.3 percent and the natural rate of unemployment is 15.5 percent
Part II: Types of Unemployment: Read each scenario and identify the correct type of unemployment. Frictional Unemployment, Structural Unemployment, Cyclical Unemployment, Seasonal Unemployment Salem is looking for a job in the summer since Global Village until October. 1. My mother lost her job as a secretary because the company she works for decided to implement Al answering systems. 2.
19 If the economy is at full employment, which of the following is true? Group of answer choices There is no cyclical unemployment. There is zero unemployment. There is no structural unemployment. There is no frictional unemployment.
part D E F
help
12. A person who has given up searching for work is called: a depressed worker a discouraged worker an underemployed worker cyclically unemployed frictionally unemployed
Jeb lost his job at Amazon when drones began to deliver packages. Jeb would be classified as which type of unemployment? Seasonal Unemployment Frictional Unemployment Structural Unemployment Cyclical Unemployment O Employed
Use the table below to answer the following questions: Labor Force of an Economy Labor Force Number of People (millions) Employed Structurally unemployed Cyclically unemployed Frictionally unemployed 157.3 5.2 5.3 2.9 Instructions: Round your answers to 2 decimal places. a. Calculate the actual unemployment rate and the natural rate of unemployment for this economy. Actual rate of unemployment: Natural rate of unemployment: % b. Now assume 1.7 million cyclically unemployed workers become employed. At the same time, 0.5 million employed workers become structurally unemployed. Calculate the unemployment rate and the natural rate of unemployment for this economy. Actual rate of unemployment: Natural rate of unemployment: 1%