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a.) what does
b.) Explain Zero Unemployment.
Step by step
Solved in 3 steps
- The U.S. unemployment rate increased from 4.6 in July 2001 to 5.9 by June 2002. Without studying the subject in any detail, would you expect that a change of this kind is more likely to be due to cyclical unemployment or a change in the natural rate of unemployment? My?11) Explain what is meant by ‘involuntary unemployment’ and how economists from different schools of thought might address it?1) Suppose the job separation rate (s) of an economy is 0.01 and the job findings rate (f) is 0.2. The long run unemployment rate (u) is then 4.7%. Suppose the government is implementing a new law that helps unemployed people find jobs sooner. Which of the following is the most likely outcome? a) s increases and u decreases b) s decreases and u increases c) fincreases and u increases d) f increases and u decreases
- 4) a. A difficult aspect of measuring the unemployment rate is the survey response rate is so low. each state uses a different process. making sure all adults are included. determining who is eligible and available to work. b. Which of the following illustrates the difficulty of distinguishing between frictional, structural, and cyclical unemployment? A person loses her job during a recession and then starts her own business. A person quits his job in search of a better one, but the former job is in a declining industry and disappears completely. A person quits her job in search of a better one and finds one when the economy is recovering from a recession. A person loses his job during a recession and finds another one in a different industry. c. Unemployment is an economic problem because unemployment benefits are paid. there are additional expenses of helping unemployed family members. there are…8) The text lists four types of unemployment, structural, cyclical, frictional, or seasonal. Which type is each of the following? a. You quit your job in Kars because you are tired of cold weather, drive to Antalya and look for work. b. You are laid off from Alpha Computer, Inc., because demand for computers has fallen off in the current recession. c. You have 15 vears experience as a pipeline worker, but number of pipeline projects is declining and you cannot find a company that is hiring pipeline workers. d. You, a high school dropout, can find no openings for manual labor, and you are not qualified for any of the openings that do exist. e. You have just graduated from secretarial school with strong word-processing skills, but as you looks for work she discovers that almost every business in town is laying off clerical staff. f. You are a construction worker. Because of adverse weather during the winter, you have been laid off from your job. You are available for work and have even…1)What is unemployment? How to measure unemployment?
- Which of the following can result in a reduction of unemployment? A. Increased population growth B. Increase in demand for exports C. Reduction in labour intensity of production D. Increased immigration E. Decrease in government spendingWhich of the following statements is TRUE? a. the unemployment rate does not tell anything about the duration of unemployment. b. the duration of unemployment increases during economic expansions. c. the duration of unemployment decreases during recessions. d. both A and B are correct.Suppose that roughly 8 million people in Canada unsuccessfully sought work this month, the same number as last month, while 2 million people who were unemployed last month gave up searching for work this month. What will happen to the official unemployment rate this month, all other things equal? a. The unemployment rate will decrease by 25%. b. It will fall because 2 million people are no longer in the labour force and so are not counted as unemployed. c. It will rise because 2 million people are no longer in the labour force and so are not counted as unemployed. d. It will be unaffected because the same number of people are unemployed.
- a. Suppose that in a small nation the adult population is 6 million, the number of employed is 3.8 million, and the labor force participation rate is 70%. What is the unemployment rate? b. Explain why unemployment rate can never be zero. C. Explain the differences between frictional unemployment and structural unemployment.In the beginning of a recovery after a recession, employment begins to rise and the news media report these data on job growth. a) would such a report have an impact on the labor force ? b) how would it effect the unemployment rate?8) The text lists four types of unemployment, structural, cyclical, frictional, or seasonal. Which type is each of the following? explain a. You quit your job in Kars because you are tired of cold weather, drive to Antalya and look for work. b. You are laid off from Alpha Computer, Inc., because demand for computers has fallen off in the current recession. c. You have 15 years experience as a pipeline worker, but number of pipeline projects is declining and you cannot find a company that is hiring pipeline workers. d. You, a high school dropout, can find no openings for manual labor, and you are not qualified for any of the openings that do exist. e. You have just graduated from secretarial school with strong word-processing skills, but as you looks for work she discovers that almost every business in town is laying off clerical staff. f. You are a construction worker. Because of adverse weather during the winter, you have been laid off from your job. You are available for work and…