What do you conclude about the link between recession and the varriation in unemployment?

Q: What are the two biggest recessions in terms of length and magnitude from the graph, the shaded…

A: Hi Student, thanks for posting the question. As per the guideline we are providing answers for the…

Q: Why might a favorable change to the economy such as technological change or a decrease in the price…

A: Frictional unemployment alludes to the unemployment which exists in any economy because individuals…

Q: n the following statement: “Wage indexation can lead to an inflation spiral

A: It can be defined as the work of linking the rise in wages to changes in an index of a specific…

Q: TRUE or FALSE and explain your answer: Unemployed persons are part of the labour force.

A: Labor Force:  The Labor force includes all those people who are currently working and/or in search…

Q: What are the two biggest recessions in terms of length and magnitude from the graph, the shaded…

A: You have asked multiple questions. We will answer the first question for you. If u want any specific…

Q: During a recession, which is more flexible in finding new employment: labor or capital goods? Why…

A: Employment is the situation where a person has a paid job or is in some occupation. The individual…

Q: For a country, economists have estimated that structural unemployment is 2.0% and frictional…

A: Unemployment due to a change in the business cycle in an economy is termed cyclical unemployment.…

Q: Evaluate the claim that “recessions are caused by high job separation rates”  ([Hint: Think about…

A: The claim that "recessions are caused by high job separation rates" is a complex one, and it…

Q: If GDP is currently running faster than potential GDP, can we say, based on that observation alone,…

A: Rapidly rising GDP above the potential level may or may not be harmful for the economy, it actually…

Q: The factor leading to business cycles in the real business cycle theory is represented by changes in…

A: Any nation has many business cycles running in different periods of time. Business cycles contains…

Q: List the major phases of the business cycle and indicate how real GDP, employment, and unemployment…

A: Business peak, contraction, recessionary trough, and expansion are the major phases of the business…

Q: What was the February 2022 US unemployment rate?

A: The official unemployment rate in the US is announced by the U.S. Bureau of Labor Statistics.

Q: Suppose a number of workers decide to quit their jobs and enter retirement. Assuming this is the…

A: Answer: (1). Increase (2). Decrease Explanation: If some number of people quit their jobs and enter…

Q: Calculate the unemployment rate based on the following information: Working-age population: 219…

A: Unemployment is an economic problem that occurs when people who are able and willing to work fail to…

Q: During recessions, income a) falls and unemployment rises b) and unemployment both fall c) rises and…

A: Recession is a situation in which economic activities of a country falls.

Q: What is a discourage worker? How might the exclusion of the discouraged workers underestimate the…

A: In an economy, people are classified as different in terms of their employment status such as…

Q: Economists use the phrase "business cycle" when referring to fluctuations in

A: Gross domestic product (GDP) is the total monetary or market value of all the finished goods and…

Q: Economists can calculate the U.S. unemployment rate by using: both the household survey and the…

A: Unemployment rate measures the percentage of the labor force that is unemployed. The labor force is…

Q: Households tend to increase their spending during a recession because they realize that more…

A: Recession:- Recession can be defined as a period of economic contraction during which economic trade…

Q: is the definition of price level?

A: The price level is the average value of all services and goods measured in monetary (or currency)…

Q: Which type of unemployment is not included in the natural unemployment rate? Why? Which phase of the…

A: Unemployment is characterized as a circumstance where an individual of working age can't find a new…

Q: f the current unemployment rate is 8% and the natural rate of unemployment is 6%, what do we know…

A: The natural rate of unemployment is the lowest level of unemployment that an economy can sustain…

Q: How does the most recent unemployment rate relate to the long-run average?

A: The individual who is capable of working and is willing to work searching for job but is unable to…

Q: Why shouldn’t every adult without a job be classified as part of the official unemployment rate?…

A: Unemployment rate: The unemployment rate is a useful indication of underutilization of the labor…