4. Sectoral shifts, frictional unemployment, and job searchesThe temporarySuppose the world price of aluminum falls significantly. The demand for labor among aluminum-producing firms in Pittsburgh willdemand for labor among airplane manufacturing firms in Washington, which use aluminum as an input, willunemployment that results from sectoral shifts such as the ones describes above is best categorized asSuppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all thatapply.Establishing government-run employment agencies to connect unemployed workers to job vacanciesTaxing the price of placing a resume or posting a job opening on a job-search websiteunemployment.Improving a widely used job-search website so that it matches workers to job vacancies more effectivelyThe

A person is said to be frictional unemployed when he/she is looking for his/her first job, or…

Suppose the world price of aluminum falls significantly. The demand for labor among aluminum-producing firms in Pittsburgh will demand for labor among airplane manufacturing firms in Washington, which use aluminum as an input, will The temporary unemployment that results from sectoral shifts such as the ones describes above is best categorized as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. The

Suppose the world price of aluminum falls significantly. The demand for labor among aluminum-producing firms in Pittsburgh will demand for labor among airplane manufacturing firms in Washington, which use aluminum as an input, will The temporary unemployment that results from sectoral shifts such as the ones describes above is best categorized as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. The

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

You're advising a democratic government, and the leaders ask you about what kind of labor market regulations it should consider. Its only goal--I really mean only!--is to keep the unemployment rate as low as possible. It's considering a law that would make it expensive to fire workers, in order to reduce the number of workers entering the pool of the unemployed. According to labor search theory, what effect would this have on the job separation rate? On the job hiring rate? On the average (or steady-state) unemployment rate? Be sure to answer all three questions, and also answer this fourth question: Can you give this government clear advice to their precise question, or will your answer be a version of "It depends"?
Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. If the question prompts you to “Calculate,” you must show how you arrived at your final answer. The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment 3% Natural rate of unemployment 4% Population of the country 125 million Number of people employed 97 million Number of people unemployed 3 million Number of people employed part time 5 million Number of discouraged workers 2 million (c) Given the state of the economy described in the table, is actual real output less than, greater than, or equal to potential real output? Explain. (d) Calculate what the cyclical unemployment rate would be if the actual rate of unemployment increased to 5 percent. Show your work.
Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will . The temporary unemployment resulting from such sectoral shifts in the economy is best described as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. O Improving a widely used job-search website so that it matches workers to job vacancies more effectively O Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks O Increasing the benefits offered to unemployed workers through the government's unemployment insurance program
The Suppose the world price of tobacco falls significantly. The demand for labor among tobacco-producing firms in Kentucky will demand for labor among cigarette manufacturing firms in Virginia, which use tobacco as an input, will The temporary unemployment that results from sectoral shifts such as the ones describes above is best categorized as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks Increasing the benefits offered to unemployed workers through the government's unemployment insurance program Establishing government-run employment agencies to connect unemployed workers to job vacancies
Frictional unemployment is the Frictional unemployment is the a) unemployment that results when people become disheartened about their chances of finding a job and so stop looking for work. b) portion of unemployment that is due to the normal working of the labour market. c) portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries. d) unemployment that occurs during recessions.