As for the macroeconomicrate that isgoals for the U.S. economy, both politicians and economists aim for an unemploymentand an annual growth rate in real GDP that averages.Select one:O a. less than 10%; 5% or more.O b.less than 5%; 2% or more.O c.no more than 0%; greater than 0%.O d. less than 8% at least 10%.

The unemployment rate would be close to the natural of unemployment when economy operates at the…

rate that is and an annual growth rate in real GDP that averages. Select one: O a. less than 10 % ; 5% or more. O b. less than 5% ; 2% or more. O c. no more than 0%; greater than 0%. O d. less than 8% at least 10%. Im for an unemployment

rate that is and an annual growth rate in real GDP that averages. Select one: O a. less than 10 % ; 5% or more. O b. less than 5% ; 2% or more. O c. no more than 0%; greater than 0%. O d. less than 8% at least 10%. Im for an unemployment

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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during expansions. The rate of unemployment tends to during recessions and During prolonged recessions, it is difficult for workers to find a job and many workers become discouraged. Which of the following is a correct statement? O A. Discouraged workers are counted in the labor force and cause the participation rate to fall. B. Discouraged workers are counted in the labor force and cause the participation rate to rise. C. Discouraged workers are not counted in the labor force and cause the participation rate to fall. OD. Discouraged workers are not counted in the labor force and cause the participation rate to rise.
What is the quantity of real GDP produced if the real wage rate is at the full-employment equilibrium level? If the real wage rate is at the full-employment equilibrium level, real GDP is O A. equal to potential GDP, which is efficient but is not the most that can be produced. O B. equal to potential GDP, which is the most that can be produced O C. at its highest attainable and efficient level O D. at or below potential GDP depending on the level of employment Click to select your answer.
An economic expansion rather than a recession occurs Select one: O a. when growth in real GDP is positive. O b. when the unemployment rate falls below 5 percent. O c when the federal budget is balanced. O d. when the unemployment rate is not changing.
If the total population of a country is 300 million, the unemployment rate is 5% and theparticipation rate is 65%, the working age population is:O 105.0 millionO 195.0 millionO 285.0 millio
Sheamous loses his job and decides to sit on the beach rather than look for work during the next few months.Other things the same, the unemployment rate Select one: O a. and the labor-force participation rate are both unaffected. O b. is unaffected and the labor-force participation rate decreases. O c. increases and the labor-force participation rate decreases. O d. increases and the labor-force participation rate is unaffected.
Economists use the neoclassical growth model to explain fluctuations in the business cycle because can; the model shows how economic growth changes when the factors of production (capital, labour force and technology) change. O cannot; the model does not take into account technology changes. O cannot; the model only explains what determines the long term trends in output or output per labour. O can; as a long-run model, it captures business cycles over very long periods of time. O cannot; the model is more focused on government activity than private sector activity. O O
The unemployment rate measures: O A. unemployed workers as a percentage of the population age over-sixteen. O B. the number of people unemployed divided by the number of people employed. O C. unemployed workers as a percentage of the population. O D. unemployed workers as a percentage of the labor force.
The unemployment rate tends to O A. generally rise during recessions. O B. fluctuate independent of the business cycle. OC. generally fall during expansions. O D. A and B. O E. none of the above.