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11. Problems and Applications Q5 Economists use labor-market data to evaluate how well an economy is using its most valuable resource-its people. Two closely watched statistics are the unemployment rate and the employment-population ratio (calculated as the percentage of the adult population that is employed). Indicate what happens to the unemployment rate and the employment-population ratio in each of the following scenarios. Scenario Many previously laid-off workers find jobs in new startup firms as the economy expands, After an unsuccessful search, some laid-off workers quit looking for new jobs. As a result of an economic boom, many students drop out of school and start working as soon as they become adults. Unemployment Rate Effect On... Employment-Population Ratio

11. Problems and Applications Q5 Economists use labor-market data to evaluate how well an economy is using its most valuable resource-its people. Two closely watched statistics are the unemployment rate and the employment-population ratio (calculated as the percentage of the adult population that is employed). Indicate what happens to the unemployment rate and the employment-population ratio in each of the following scenarios. Scenario Many previously laid-off workers find jobs in new startup firms as the economy expands, After an unsuccessful search, some laid-off workers quit looking for new jobs. As a result of an economic boom, many students drop out of school and start working as soon as they become adults. Unemployment Rate Effect On... Employment-Population Ratio

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter10: Unemployment
Section: Chapter Questions
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11. Problems and Applications Q5 Economists use labor-market data to evaluate how well an economy is using its most valuable resource-its people. Two closely watched statistics are the unemployment rate and the employment-population ratio (calculated as the percentage of the adult population that is employed). Indicate what happens to the unemployment rate and the employment-population ratio in each of the following scenarios. Scenario Many previously laid-off workers find jobs in new startup firms as the economy expands, After an unsuccessful search, some laid-off workers quit looking for new jobs. As a result of an economic boom, many students drop out of school and start working as soon as they become adults. Advances in health care prolong the lives of many retirees. Unemployment Rate Effect On... Grade It Now Employment-Population Ratio Save & Continue Continue without saving
Transcribed Image Text:11. Problems and Applications Q5 Economists use labor-market data to evaluate how well an economy is using its most valuable resource-its people. Two closely watched statistics are the unemployment rate and the employment-population ratio (calculated as the percentage of the adult population that is employed). Indicate what happens to the unemployment rate and the employment-population ratio in each of the following scenarios. Scenario Many previously laid-off workers find jobs in new startup firms as the economy expands, After an unsuccessful search, some laid-off workers quit looking for new jobs. As a result of an economic boom, many students drop out of school and start working as soon as they become adults. Advances in health care prolong the lives of many retirees. Unemployment Rate Effect On... Grade It Now Employment-Population Ratio Save & Continue Continue without saving
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