1) As the unemployment rate rises: A) the separation rate decreases. B) the young and unskilled experience lower-than-average increases in unemployment. C) the young and skilled experience larger-than-average increases in unemployment. D) the young and unskilled experience larger-than-average increases in unemployment. E) the proportion of the unemployed finding a job increases.
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- A country has a labor force of 1,000,000 and 50,000 of discouraged workers. The unemployment rate is 10%. If the number of discouraged workers increases to 100,000, then the new unemployment rate isSuppose the 2010 population census in Ghana indicated that there are 120,000 people in the country. 20,000 are children, 18000 are in retirement. 72,000 have jobs and 8,000 are unemployed persons and 2,000 are discouraged, workers. Answers the following questions: a. Compute the Total Labor Force b. Compute the Labour Force Participation Rate c. Compute the unemployment rate I need answers for d and e d. A decrease in the unemployment rate is not necessarily a sign of an improvement in an economy. Explain e. An economist has stated that Ghana's unemployment rate is too high so the government should strive for a zero unemployment rate. Do you agree or disagree with the statement and why?During the initial months of the COVID pandemic, the number of unemployed people in the State of Illinois peaked at 1,108,211 in April 2020. By December 2021, the number of unemployed in Illinois had dropped down to 324,510 people. What is the overall percent decrease in the number of unemployed people in Illinois from April 2020 to December 2021? Please round your answer the nearest percent. Show your work.
- The rise in unemployment that occurs because of a recession is known as cyclical unemployment, because it is closely tied to the ______________. Question options: a) labor supply b) natural rate of unemployment c) supply curve d) business cycle The type of unemployment that occurs because of a recession is called: Question options: a) the natural rate of unemployment. b) cyclical unemployment. c) frictional unemployment. d) seasonal unemployment.Which one of the following will increase the officially reported level of unemployment? A) More people resign from low-paid jobs. B) The school leaving age is raised. C) The retirement age is extended. D) More unemployed people become disheartened and give up looking for work.Select one or more: a. The unemployment rate is (unemployed/labour force) x 100. b. The participation rate is the (employed/labour force) x 100. c. Someone is counted as unemployed if they do not have a job. d. The unemployment rate is (unemployed/population of working age) x 100.
- In February 2020 the number of unemployed in the U.S. was 5.8 million and the unemployment rate was 3.5%. The vast majority of the people who were then unemployed A. were experiencing structural unemployment arising from a mismatch between skills and job requirements. B. were experiencing cyclical unemployment due to a slowdown in economic activity. C. were experiencing structural unemployment which is a type of unemployment very difficult to resolve without government intervention. D. were experiencing either cyclical or structural unemployment. E. were experiencing either frictional or structural unemployment, but not cyclical unemployment.In June 2009, at the trough of the Great Recession, the Bureau of Labor Statistics announced that of all adult Americans, 140,196,000 were employed, 14,729,000 were unemployed, and 80,729,000 were not in the labor force. a) What was the size of the labor force in 2009? Show your work. b) What was the labor-force participation rate in 2009? Show your work. c) What was the unemployment rate in 2009? Show your work.In the United States, the unemployment rate indicates the ________. A percentage of the labor force that wants to work full-time but can only find part-time employment B percentage of unemployed workers seeking paid work relative to the total labor force C number of workers eligible for government services and unemployment benefits D number of people who have stopped looking for work because full-time jobs are unavailable
- The natural rate of unemployment is the A) unemployment rate occurring when actual and potential GDP are equal. B) unemployment rate associated with the business cycle. C) full employment rate of unemployment. D) A and B E) A and CAhmed has just graduated with a PhD degree in refinery product optimization. He is currently residing in the Eastern Province looking for a job in the refining industry. He is structurally unemployed He is frictionallly unemployed He is cyclically and structurally unemployed He is frictionally and structurally unemployed QUESTION 7 A country has a labor force of 1,000,000 and 50,000 of discouraged workers. The unemployment rate is 10%. If the number of discouraged workers increases to 100,000, then the new unemployment rate is 10% 10.53% 5% 5.26%Describe the different types of unemployment. Explain the type(s) of unemployment the U.S. experiences when the economy is (a) in the boom, (b) in the recession, and (c) during unprecedented times, such as natural disasters, pandemics, or war. Describe the impacts of unemployment benefits on unemployment. Identify a period of high unemployment and the government policies used to fight unemployment. Explain if the policies were effective in fighting unemployment. Describe how you would address unemployment.