When the economy is at full employment, will the unemployment rate be 0%? Explain briefly When the unemployment rate equals the natural rate of unemployment, what kinds of unemployment will continue to exist

Q: explain how  labour could be a factor for the unemployment rate

A: When a worker is unemployed, it means that they have tried to find job at the going rate of pay but…

Q: What is the current U.S. unemployment rate?  Why has it changed over the last 15 years or so?

A: The current U.S. unemployment rate is 3.6%.

Q: For the cost function C(Q) = 100+2Q +3Q², the total variable cost of producing 2 units of output is…

A: Costs refers to the expenses that is incur in the process of production of goods or services. There…

Q: Explain each of the four types of unemployment

A: Unemployment refers to the state of being without a job and actively seeking employment. It is a…

Q: what happens to the natural rate of unemployment response to the following events? Explain 1. the…

A: The normal pace of joblessness addresses the least joblessness rate by which expansion is steady or…

Q: What is the current U.S. unemployment rate? Why has it changed over the last years or so?

A: Unemployment is a situation where people are jobless in spite of having knowledge and skills.…

Q: What is meant by the full employment or the natural rate of unemployment? Which type of unemployment…

A: In an economy, unemployment refers to the situation when labor supplied exceeds labor demand in the…

Q: Does the duration of unemployment matters? Explain your answer.

A: Unemployment in the economy occurs when an individual capable of working and possess the skills to…

Q: Explain the possible causes of unemployment.

A: The possible causes of unemployment can be either from demand side or supply side. Demand side…

Q: what are some causes and effects of unemployment on the economy? what are some ways to combat these…

A: Unemployment is a situation when an able bodied man or woman, who is willing to work at the…

Q: What determines the nature rate of unemployment

A: The minimal rate of unemployment induced by genuine or intentional market pressures is known as the…

Q: What are two issues with the unemployment rate in any given area?

A: Let us discuss certain concepts related to unemployment rate:Employed: Those people who belong to…

Q: What term describes the remaining level of unemployment that occurs even when the economy is…

A: If the economy is healthy and still have unemployment, then this term is described by natural…

Q: Is zero unemployment desirable? explain

A: >Unemployment can be categorized in three different ways: 1. Frictional Unemployment: This type…

Q: How is the unemployment rate calculated? Describe the three principal types of unemployment.

A: The unemployment rate is the percentage of number of employed in total labor force.

Q: Under what condition would an increase in the unemployment rate be a positive sign?

A: Answer: Frictional unemployment is a temporary phenomenon, which is caused due to cyclical economic…

Q: A radio commentator stated that with 10% unemployment rate, 11 million people out of the total…

A: The unemployment rate is the percentage of the total labor force that is unemployed but actively…

Q: Whats a possible explanation for the variations in unemployment over time and the variation in…

A: Unemployment: The situation when a capable person is willing to work and searching for a job but was…

Q: Explain any two causes of unemployment in the economy!

A: According to the given question In Simple words we can say that unemployment is generally known to…

Q: Describe how a rise in the wage rate might cause unemployment

A: People who are unemployed are those who are qualified to work but are unable to find job despite…