不Ottawa Seeks ways to Speed Up Skills-Training ProgramsLast year, the federal government introduced a training benefit designed to help employed workers upgrade their skills or to help workers made unemployed as a resultof automation to learn new skills that are in demand now.What effect will this training benefit have on Canada's unemployment rate and the natural unemployment rate?This training benefit willOA. decrease; increasethe unemployment rate andthe natural unemployment rate.OB. decrease; not changeOC. increase; increaseOD. decrease; decreaseSource: theglobeandmail.com, April 5, 2020

The introduction of a training benefit by the federal government in Canada, aimed at helping…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose th ent prium wage in a certain labor market is $18 per hour. Michelle is curren not employed, but seeking work in that same market and willing to work for $18 per hour. After 5 weeks of searching, Michelle still has not found a job. What would economists say about Michelle's situation? Select the correct answer below: Michelle is involuntarily unemployed. Michelle is voluntarily unemployed. Michelle is not in the labor force. Michelle's situation is an example of frictional unemployment. FEEDBACK
Population Employed Structurally Unemployed Frictionally Unemployed Cyclically Unemployed 1,500,000 750,000 25,000 25,000 50,000 1,000,000 Non-institutionalized Adults 22. Using the table above calculate the unemployment rate а. 5.6% b. 6.5% C. 7.1% d. 9.8% e. 11.8% 23. Using the table above calculate the labor force participation rate a. 60% b. 70% C. 80% d. 90% е. 100% 24. The amount of output that is not captured in the production function is considered a. unreconcilable b. total factor productivity
Currently, the Bureau of Labor Statistics does not include homemakers in its employment and labor force totals. What would happen to the unemployment rate and the labor force participation rate if homemakers were included in these numbers? OA. Both the unemployment rate and the labor force participation rate would increase. OB. The unemployment rate would increase and the labor force participation rate would decrease, OC. Both the unemployment rato and the labor force participation rate would decrease. OD. The unemployment rate would decrease and the labor force participation rate would increase.
The table below represents the monthly unemployment rates in the US from January of 2005 through May of 2016. Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2005 5.3% 5.4% 5.2% 5.2% 5.1% 5.0% 5.0% 4.9% 5.0% 5.0% 5.0% 4.9% 2006 4.7% 4.8% 4.7% 4.7% 4.6% 4.6% 4.7% 4.7% 4.5% 4.4% 4.5% 4.4% 2007 4.6% 4.5% 4.4% 4.5% 4.4% 4.6% 4.7% 4.6% 4.7% 4.7% 4.7% 5.0% 2008 5.0% 4.9% 5.1% 5.0% 5.4% 5.6% 5.8% 6.1% 6.1% 6.5% 6.8% 7.3% 2009 7.8% 8.3% 8.7% 9.0% 9.4% 9.5% 9.5% 9.6% 9.8% 10.0% 9.9% 9.9% 2010 9.7% 9.8% 9.9% 9.9% 9.6% 9.4% 9.5% 9.5% 9.5% 9.5% 9.8% 9.4% 2011 9.1% 9.0% 9.0% 9.1% 9.0% 9.1% 9.0% 9.0% 9.0% 8.8% 8.6% 8.5% 2012 8.2% 8.3% 8.2% 8.2% 8.2% 8.2% 8.2% 8.1% 7.8% 7.8% 7.8% 7.9% 2013 7.9% 7.7% 7.5% 7.5% 7.5% 7.5% 7.3% 7.2%…
Question 9 esc tab Figure 2.5 Unemployment in the adult civilian population, 2013 Unemployed (7.8%) 123 million shift T caps lock K →1 STREAM According to Figure 2.5, the United States civilian unemployment rate in June 2013 was 22.1% 5.0% 07.8% 8.5% Onone of the above Moving to another question will save this response. OType here to search fn Not in Labor Force (35.0%) 88.5 million ? Q a 2 W N * # 3 S E X alt Et 4 Employed (58.9%) 144.8 million D % R C 5 F O T hp 6 V G & a E 00 8 U کے
What are the various impacts of this unemployment to workers and comp ai ne s
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.
10 DRAW A GRAPH. WITHOUT GRAPH THUMBS DOWN!Suppose the markup of goods prices over marginal cost is 2% and the wage-setting equation is W=P(1-u) with u being the unemployment rate.1. What is the Natural level on Unemployment?2. What is the real wage as determined by the price setting equation?3. If the markup increases to 2.5% due to an increase in the price of Oil what happens to the natural rate of employment? Explain briefly and graphically this change.
Define and give at least one example of the three types of unemployment. chapter 20
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.
If these construction workers are laid off during the winter what kind of unemployment are they experiencing?what other kinds of unemployment are there?

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