If a nation’s labor force receives a significant influx of young workers:   a)frictionalunemployment will likely decrease to zero. b)the natural rate ofunemployment is likely to increase. c)the natural rate ofunemployment is likely to decrease. d)the natural rate ofunemployment is unlikely to change

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter2: Fundamental Economic Concepts
Section: Chapter Questions
Problem 5E
icon
Related questions
Question

If a nation’s labor force receives a significant influx of young workers:

 

a)
frictional
unemployment will likely decrease to zero.

b)
the natural rate of
unemployment is likely to increase.

c)
the natural rate of
unemployment is likely to decrease.

d)
the natural rate of
unemployment is unlikely to change

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Economic Variables
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Economics: Applications, Strategies an…
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning