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- Explain seasonal, cyclical, technical, frictional, structural, disguised, and under employment in simple words, and give some examples45 percent of the labor force in Armenia is involved in the agricultural sector, but the economic growth in the nation comes from industry and tourism. What type of unemployment would such a mismatch of ability and job requirements cause? a. Predictable b. Frictional c. Structural d. Mechanical e. Operational1.2 At full employment, there are only frictional and...............unemployment.
- Alert dont submit AI generated answer. Who is counted as unemployed? (Assume age 15 or older) A person who is not in the labor force Anyone without a job who is currently seeking work. Anyone without a job. A person who has been without a job for a minimum of four weeks.The labor force consists of: a)all adults who areable to work. b)all adults who areworking, plus those not working. c)discouraged workers, employed workers, plus those activelyseeking work. d)all adults who areworking or actively seeking work.The rise in unemployment that occurs because of a recessionis known as cyclical unemployment, because it is closely tied to the ______________. a)labor supply b)natural rate ofunemployment c)supply curve d)business cycle
- The type of unemployment that occurs because of a recessionis called: a)the natural rate ofunemployment. b)cyclicalunemployment. c)frictionalunemployment. d)seasonal unemployment.When a person is employed in a sector where his/her employment does not make any difference to the output, it signifies the presence of a. Cyclical unemployment b. Frictional unemployment c. Sectoral unemployment d. Disguised unemploymentLabor force participation rate 60%, Population (assume everyone is over 16 years of age, civilian, non-institutionalized in this economy) 150 million, Unemployment rate=5% Calculate the number of people unemployed
- Labor Force of an Economy Labor Force Number of People (millions) Employed 194.1 Structurally unemployed 5.3 Cyclically unemployed 4.1 Frictionally unemployed 4.1Suppose the labor force stays constant, and the working population stays constant, but a greater number of persons who were unemployed become employed. The labor force participation rate will A. not change in way that can be predicted. B. remain constant. C. decrease. D. increase.importance of employment and unemployment? explain both terms.