Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 38CTQ: Under what condition would a decrease in unemployment be bad for the economy?
Related questions
Question
what is the
Transcribed Image Text:According to this formula, what is the unemployment rate of this economy of six people?
20%
60%
66.67%
200%
Transcribed Image Text:Person
Jake is a 21-year-old professional tennis player. When he's not competing, he works as a
coach at a local tennis club.
Latasha is a 30-year-old professional basketball player
. She finished her last season as a player 3 weeks ago and is currently interviewing for a
coaching position.
Nick is a 35-year-old graphic designer who is taking 2 years off from work to care for his
small daughter.
Alyssa is a 26-year-old who lost her job as a copy editor for a local newspaper. She has
spent the past few weeks out of work and interviewing for other editing jobs. She is
thinking about going back to grad school if her job search doesn't succeed after a few
more weeks.
Tim is a 17-year-old who just graduated from high school. He is taking it easy this
summer, relaxing by the pool with his friends and family, and volunteering part-time at
the local nursing home.
Rosa is a 11-year-old student at Southside Middle School. She baby-sits her younger
sister and does other chores for which her parents give her an allowance of $20 per week.
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