When is the economy at the natural rate of unemployment? Select one: O a. All of these choices are correct O b. When everyone in the economy who wants to work is working O c When the only kinds of unemployment are frictional structural, and cyclical O d. When everyone in the economy is working O e. When the only people who want to work and are not working are frictionally unemployed people who are not willing to work unskilled jobs while they search, and structurally unemployed people who are not willing to work unskilled jobs while the get new skills Of. None of these choices are correct

When is the economy at the natural rate of unemployment? Select one: O a. All of these choices are correct O b. When everyone in the economy who wants to work is working O c When the only kinds of unemployment are frictional structural, and cyclical O d. When everyone in the economy is working O e. When the only people who want to work and are not working are frictionally unemployed people who are not willing to work unskilled jobs while they search, and structurally unemployed people who are not willing to work unskilled jobs while the get new skills Of. None of these choices are correct

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

When the economy is at full employment, which types of unemployment remain? A. frictional and cyclical B. frictional and structural C. cyclical and structural D. None of the above. Full employment means that there is no unemployment, so the unemployment rate would be zero. The "normal" underlying level of unemployment in the economy is O A. the sum of structural unemployment and frictional unemployment. B. the natural rate of unemployment. C. the full-employment rate of unemployment. O D. All of the above.
Please answer fast
Suppose that the number of jobs in the fishing industry decreases but the number of jobs in the travel industry increases. Initially Select one: O a. cyclical unemployment increases O b. frictional unemployment increases O . the economy remains at full employment O d. there is a shortage of workers in both sectors O e. structural unemployment increases
hello! econ mcq how do i do this?
How does cyclical unemployment change between a business cycle trough and a business cycle peak? At a business cycle trough, cyclical unemployment is and at a business cycle peak, cyclical unemployment is O A. positive; negative B. high; zero C. zero; low O D. negative; positive
Which of the following statements are true? Select one or more: O a. Someone is counted as unemployed if they do not have a job. O b. The participation rate is the (employed/labour force) x 100. Oc. The unemployment rate is (unemployed/labour force) x 100. O d. The unemployment rate is (unemployed/population of working age) x 100. F
during expansions. The rate of unemployment tends to during recessions and During prolonged recessions, it is difficult for workers to find a job and many workers become discouraged. Which of the following is a correct statement? O A. Discouraged workers are counted in the labor force and cause the participation rate to fall. B. Discouraged workers are counted in the labor force and cause the participation rate to rise. C. Discouraged workers are not counted in the labor force and cause the participation rate to fall. OD. Discouraged workers are not counted in the labor force and cause the participation rate to rise.
The natural rate of unemployment is the estimated rate of unemployment that would prevail when unemployment is zero. Select one: a. seasonal O b. frictional c. cyclical Od. structural 4
QUESTION 5 A worker who loses a job at a call center because the company moved the call center operations to another country Is an example of O a frictional unemployment Ob structural unemployment. Oc cyclical unemployment. O d. disguised unemployment.
An economy has 95 million people employed and an unemployment rate of 5 percent. There are 1.5 million marginally attached workers and 0.5 million of the marginally attached workers are discouraged. How many people are unemployed? 3 tries left The number unemployed is O A. A. 5.5 million B. 7.5 million O c. C. 5.0 million O D. 6.5 million
2 Determine whether each of the following would be considered frictional, structural, seasonal, or cyclical unemployment. Please answer in the blank box. A A UPS employee who was hired for the Christmas season is laid off after Christmas A worker who is laid off due to reduced aggregate demand in the economy B A worker in a DVD rental store becomes unemployed as video-on-demand cable service becomes more popular A new college graduate is looking for employment
What type of unemployment do retraining programs seek to reduce? How might government-funded retraining influence the natural unemployment rate? Retraining programs seek to reduce the amount of _______ unemployment because _______. A. frictional; by giving workers the skills needed for the available jobs, people entering the labor force will immediately find employment B. cyclical; by giving workers the skills needed for the available jobs, recessions can be avoided C. structural; the programs aim to give workers the skills needed for the available jobs D. all types of; the natural unemployment rate will fall