The labor force participation rate increased significantly throughout the 60s, 70s, and 80s. What caused this increase?

Q: what are the effects and consequences of deflation?

A: Deflation is also known as negative inflation. It is a situation where the general price level of…

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: Which individual is out of the labor force? John is without a job, is able to work, but is not…

A: The individual John who is without a job and able to work, but not actively looking for work is out…

Q: The table shows employment statistics for a fictional country. Use the information to answer the…

A: People who are working or a have are considered employed. People who are looking for a job and are…

Q: When the following events happen, does the unemployment rate rise, fall, or stay the same? Briefly…

A: The unemployment rate is the proportion of employed people who are also unemployed in a given…

Q: What is the labor force participation rate? Not in labor force 76.0 million The labor force…

A: Labor force=employed+unemployed

Q: What is the labor force participation rate?

A: Labour force participation rate can be defined as the working population section in the group of…

Q: Name  and explain the two categories of persons in the labor force.

A: Naming the categories of persons in labour force :-Labour Force:- It refers when  the members of any…

Q: How does the graph look for the effect of a temporary but persistent increase in total factor…

A: The TFP describes how effectively inputs and outputs are integrated into an economy. It stands for…

Q: Which of the following pictures best describes the impact on the labor market of a reduction of the…

A: Unemployment benefit is a kind of insurance that is paid by the government to people who have lost…

Q: If the minimum wage increased by 10% and CPI rose by 15% from 2019 to 2020, what happened to the…

A: Answer: Given, Increase in minimum wage = 10% Increase in CPI = 15% Introduction: Suppose initially…

Q: T F Hard-core unemployed workers are those withlittle education or vocational training.

A: Hard-core unemployment refers to the type of unemployment which is witnessed by people who have…

Q: Participation in the labor force is much lower than it has historically been. How have government…

A: Labor participation has been historically low due to heavy machineries replacing the need for human…

Q: What services or benefits are provided by the Unemployment policy?

A: Unemployment is the state of being unemployed in which a person is looking for a job but cannot find…

Q: identify two major trends in the changing demographics of the workforce.

A: The number of people in an economy who are either working or are willing to work constitute the…

Q: Define what full employment means.

A: Full employment refer to a situation when all the resources are fully employed at their normal…

Q: Economists define the labor force to include only people who are working full time. people who are…

A: When a person is actively engaged in some work or a job, or a business, whether full-time or…

Q: QUESTION 7 Which of the following pictures best describes the impact on the labor market of an…

A: Unemployment insurance benefits that are more generous improve the functioning of the labour market…

Q: Between 1980 and 2015, by how many percentage did the labor force participation rate of men change?…

A: For men, Old participation rate in 1980 is 77.4 New participation rate in 2015 is 69.1 The…

Q: Jake is a full-time worker. Today, he is fired from his job, and he suddenly decides to retire. Due…

A: Here, jr is given that that an lost his job and become unemployed, but at the same time, he decides…

Q: How can seasonal unemployment be alleviated? Should it be alleviated? Why or why not?

A: Seasonal unemployment means a situation when individuals are not having jobs(unemployed) at…

Q: Can government do anything to reduce the number of people in the following categories? If so, what?…

A: Unemployment refers to those who are employable and actively looking for work but are unable to find…

Q: You're advising a democratic government, and the leaders ask you about what kind of labor market…

A: Job search rate refers to the rate at which individuals in the labor force are actively looking for…

Q: Bob tried to get a job for nine solid soul-sucking months of interviews, resumes, and failure. He…

A: In Bob's exhaustive nine-month pursuit of employment, he faced constant disappointment and reached a…

Q: om

A: The job keeper payment policy in turn helps businesses being affected by Covid 19 in order to render…

Q: Does the existence of unemployment insurance eliminate the economic costs of unemployment?

A: unemployment insurance, is the method of securing income even if an individual gets unemployed, it…