There always has to be some unemployment, because O there are always some people changing jobs, and it takes time to find a new job. O there are always some people in the labor force who are not qualified for any job. O there aren't enough jobs in the economy for all the available workers. O the average level of wages in the labor market is too low.

There always has to be some unemployment, because O there are always some people changing jobs, and it takes time to find a new job. O there are always some people in the labor force who are not qualified for any job. O there aren't enough jobs in the economy for all the available workers. O the average level of wages in the labor market is too low.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....

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Similar questions

If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
Are U.S. unemployment rates distributed evenly across the population?
While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
The news article states that "Canadian youth and students are getting hit hard by this pandemic." In May 2020 the number of unemployed 15-24 year-olds was 1,710,900 and the 15-24 year-old labour force was 2,420,800. What was the unemploy te of youth? ne employment rate was D A. 41.6 percent O B. 13.7 percent OC. 29.4 percent O D. 24.1 percent
A certain amount of unemployment may be socially desirable because. O a Unemployed workers are able to benefit from employment insurance. Ob. A pool of unemployed workers drives down the average wage in the economy and keeps workers from becoming greedy Oc When some workers become unemployed, it provides a chance for others in the labour force to become employed Od. A pool of unemployed workers provides an incentive to those employed to remain productive. O e. The time the worker spends unemployed is valuable for finding the most appropriate match with firms
Suppose some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were employed? Select one: a. 28.5 million O b. 1.5 million O c. 47.5 million O d. 30 million Next page E page e to search
if the wage gap falls, then unemployment is like to fall O True O False
The majority of new jobs in the US are created by Corporations. O True False
What is a contributing reason for why fewer than 50% of US households were considered middle class in 2015? O Manufacturing jobs have declined due to outsourcing to other countries. The job market for manufacturing and public sector jobs have increased. More companies are "onshoring" and using US produced products. O The job market for advanced degrees has decreased.
Data for an economy shows that the unemployment rate is 10%, the participation rate 75 percent, 200 million people ?16 years or older are not in the labor force. How many people are in the labor force in this economy إختر أحد الخيارات million 80 .a O million 200 b O million 600 .c O million 1,000 d O
Suppose the money wage rate rises from $40.00 to $46.20 an hour and consumer prices rises by 10 percent. What would be the effect in the labor market? We would expect _______ people to try to find a job and employed people to want to work _______ hours. A. fewer; shorter B. more; longer C. the same number of; the same number of D. fewer; longer The _______ would _______. A. quantity of labor supplied; decrease B. supply of labor; decrease C. quantity of labor supplied; increase D. supply of labor;
The labor force participation rate is the percentage of the who are members of the labor force. O A. number of women O B. working-age population O C. part-time workers O D. number unemployed Click to select your answer.