Use the graph to answer the question. Unemployment, 1929-1945 17 13 1930 1935 1940 1945 Year Source Historical Statties of the United State Colonial Times o 1970, US. Census Bureau, 1975 (adapted) What was the MAIN cause of the trend in employment shown on the graph between 1942 and 1945? O A. the success of the Social Security Act B. a decline in the number of women in the workforce O C. the impact of a high inflation rate O D. increased manufacturing to meet the needs of World War II Percent Unemployed

Use the graph to answer the question. Unemployment, 1929-1945 17 13 1930 1935 1940 1945 Year Source Historical Statties of the United State Colonial Times o 1970, US. Census Bureau, 1975 (adapted) What was the MAIN cause of the trend in employment shown on the graph between 1942 and 1945? O A. the success of the Social Security Act B. a decline in the number of women in the workforce O C. the impact of a high inflation rate O D. increased manufacturing to meet the needs of World War II Percent Unemployed

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Columns 1 and3 in the table below show employment and the price level in the economy. Aasume that the labour foroe in the economy is 11.0 milion. Compute and enter in column 2 the unemployment rate at each level of employment. For nach row (xcopt the first), compute and enter in column 4 the annual rate of intation. (Round your answers to hwo decmal places) Employment (milions of workers) Price Rate of Infation Lhemployment Rate (%) Level () 9.5 1.2 9.6 1.28 9.7 1.37 9.8 1.48 1.62 10 1.79 10.1 201 10.2 23
Use the following table to answer the next four questions: Group # in Millions Work-eligible population Labor force ??? 181 Not in labor force 95 Employed Unemployed ??? 22 According to the table, the labor force participation rate in this economy is equal to 12.2%. 65.6%. 87.8%. 90.1%. 36.9%. O OOO
1
What is labor force a- the toal employment divided by the total number of unemployment b- the total number of employment c- the sum of emplou]\yment and uneemployment d- the sum of employment minus the sum of unemployment
6. "You mi ght as well say that the unemployment rate would be zero if everyone just quit looking for work." Explain what the author means by this.
2. Discuss the labor-force participation trends for men and women since 1950
Look at this graph of real wage index in England between 1260 and 1800. Consider also that, in the bubonic plague of 1348 and 1351, between one quarter and one third of Europe's population died. 800 700 Bubonic plague Statute of 600 Labourers s00 400 140 300 200 100 1260 1348 1800 2000 80 60 40 Peasants rebellion Kett's rebellion Glorious Revolution 20 1260 1320 1380 1440 1500 1560 1620 1680 1740 1800 Select one or more: a. According to the Malthusian model, the fall in the population due to the bubonic plague would have led to an increase in the average productivity of workers, causing the observed rise in the real wage post-plague. b. The doubling and halving of the real wage index over 250 years from around 1350 cannot be explained by the Malthusian model. c. The fall in the unskilled workers' share of total output in the 17th and 18th centuries was due to the fall in their average product of labour. d. In the Malthusian model, the rise in real wages from 1800 onwards, at the same…