EBK MACROECONOMICS
10th Edition
ISBN: 9780134896571
Author: CROUSHORE
Publisher: VST
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Chapter 1, Problem 2WWMD
To determine
The behavioral patterns of
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What is the current unemployment rate in the United States as of January 2021? What was the unemployment rate in the United States in January 2020? How has the pandemic affected the unemployment rate from January 2020 to the present?
What are the two biggest recessions in terms of length and magnitude from the graph, the shaded areas show recession and 2020 is not included?
How does the unemployment rate react during the two main recessions you have identified?
What was the level of the unemployment rate during the first and the last quarter of negative growth for those two recessions? why data for France for 1980s is not avaliable
What do you conclude about the link between recession and the variation in unemployment?
Why is it difficult to accurately measure the unemployment rate in the U.S.? Do you think the current unemployment rate is overstated, understated, or exactly right?
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- What are the two biggest recessions in terms of length and magnitude from the graph, the shaded areas show recession and 2020 is not included? How does the unemployment rate react during the two main recessions you have identified? What was the level of the unemployment rate during the first and the last quarter of negative growth for those two recessions? What do you conclude about the link between recession and the variation in unemployment?arrow_forwardNot all groups in our society experience equal opportunity to work. The purpose of this discussion board is to allow you to research and explain the causes of disparity between current total U.S. unemployment and the unemployment rate for a demographic of your choice. Do not just list unemployment rates. Explain what causes the rates for the demographic of your choice to be different from the National average. Visit the Bureau of Labor Statistics website. What is the current national unemployment rate? Find the unemployment rate for the demographic group that best fits a description of you (for example, based on age, sex, and race) or choose a demographic group of interest. Is the rate for that demographic higher or lower than the national average? What are some reasons for the differences? Do some research in support of what you present. What factors contribute to the differences? Covid-19 caveat: The Pandemic did not necessarily impact all demographics in the same way.arrow_forwardI'm having some trouble figuring out this Econ problem. Thanks for your help!arrow_forward
- If the labor force of 160 million people is growing by 1.2 percent this year, how many new jobs have to be created each month to keep unemployment from increasing?arrow_forwardDifferentiate between the unemployment rate and the natural unemployment rate as the economy movesthrough a business cyclearrow_forwardThinking about the Economic impact of unemployment and inflation, why should we expect an inverse relationship (where one goes up and the other goes down) between these statistics?arrow_forward
- In March 2007, the U.S. unemployment rate was 4.4 percent. In August 2008, the unemployment rate was 6.1 percent. Predict what happened to (1) unemployment between March 2007 and August 2008, assuming that the labor force was constant and (2) the labor force between March 2007 and August 2008, assuming that unemployment was constant.arrow_forwardThe actual unemployment rate exceeds the natural rate of unemployment. What are policymakers concerned about in this situation?arrow_forwardThe spikes in unemployment are highlights by gray vertical bars. What do these bars represent in the graph?arrow_forward
- The goal of studying and recording the unemployment rate is to learn something about the state of the economy. Explain why each of the following makes the unemployment rate a better or worse indicator of how healthy the economy is. A. If people in the military aren't included in the labor force, does the unemployment rate become a better or worse indicator of the state of the economy? B. If discouraged workers aren't counted in the labor force, does the unemployment rate become a better or worse indicator of the state of the economy?arrow_forwardThis is a two-part question dealing with the unemployment rate. Explain how and why it might be possible for the unemployment rate to fall during the worst part of a recession. Secondly, explain how and why it might be possible for the unemployment rate to rise when the economy is in the early stages of recovery.arrow_forwardSuppose that the number of non-institutional civilian (working age) population is 150 million. Of those, 20 million are neither working nor looking for jobs. If the number of people employed is 100 million, what is the unemployment rate?arrow_forward
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