Demand deficient unemployment is the result of:Select one:O A Changes in the pattern of demand in the economyO B. Workers and employers being ill-informed about the labour marketO . The economy entering the recessionary phase of the business cycleO D.The introduction of new technology

Demand deficient unemployment refers to the unemployment which occurs when there is insufficient…

Demand deficient unemployment is the result of: Select one: O A Changes in the pattern of demand in the economy O B. Workers and employers being il-informed about the labour market O C The economy entering the recessionary phase of the business cycle O D. The introduction of new technology

Demand deficient unemployment is the result of: Select one: O A Changes in the pattern of demand in the economy O B. Workers and employers being il-informed about the labour market O C The economy entering the recessionary phase of the business cycle O D. The introduction of new technology

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 5P

See similar textbooks

Related questions

Q: • Vicki works part - time at Bainen Press to help pay her college tuition. Vicki would be classified…

A: Given that Vicki works part-time to help pay her college tuition. This implies she is a full-time…

Q: Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing…

A: If the world price of cotton falls, then production of cotton will become unprofitable for cotton…

Q: 3) Oficial unemployment rate stati (a) overstate the amount of unemployment by including part-time…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Which of the following statements are true? Select one or more: O a. Someone is counted as…

A: Business cycle is the cyclical fluctuation in the GDP of the country around its potential growth…

Q: Which of the following is a limitation of the unemployment rate? O a. It does not account for…

A: Option (d) that is Both (a) and (b) is the limitation of the unemployment rate that is, (a) It…

Q: During a recession the unemployment rate generally and during an expansion the unemployment rate…

A: Recession and Expansion are part of the Business cycle. when Recession in the economy then…

Q: Deflation is a phenomenon that describes O A. a decrease in the rate of inflation. O B. a very rapid…

A: Option (C) is correct.

Q: Zeke is unemployed but has recently finished his degree in biochemistry and is applying for open…

A: Unemployment refers to a situation where the people looking for adequate unemployment are not able…

Q: Percent of abor Force 10% Line A Line B 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 'hat…

A: Unemployment refers to a scenario in which the people belonging to the working group, who are able…

Q: Jeanne was working in Belarusian energy sector, but after a year she became unemployed. While she…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: Discouraged workers are officially a. in the labor force. O b. unemployed. O c. not in the labor…

A: The economies around the globe tend to have various entities, which are in the form of households,…

Q: The idea that the actual rate of unemployment can influence the NAIRU is referred to as.. O a The…

A: Hysteresis refers to the idea that effects that persist after the initial causes giving rise to the…

Q: Full employment: O a. will always include some unemployment. O b. exists when everyone in the labor…

A: The employment is the total amount of people who are in the labor force and are engaged in full time…

Q: Suppose the world price of cotton rises substantially. The demand for labor among cotton-producing…

A: Frictional unemployment occurs as employees want to leave their jobs in search of new ones or when…

Q: Reductions in employment in the U.S. auto industry caused by the increased adoption of new…

A: Unemployment refers to individuals who are able and willing to work but are still unable to find…

Q: A decrease in the unemployment rate will tend to be associated with: A, a decrease in wages O B. an…

A: please find the answer below.

Q: Boris lost his job when the coal mine at which he had worked closed. After more than a year of…

A: For answering this question , you need to know the meanings of frictional unemployment , cyclical…

Q: The current national unemployment rate in the United States as of January 2022 falls within the…

A: The unemployment rate in January 2022 in USA was 4%. The Fed's estimate of natural rate of…

Q: Ceteris paribus, which of the following would be the most likely to contribute to a substantial…

A: In an economy, cyclical unemployment refers to the situation when people are unemployed due to the…

Q: Ceteris paribus, if Anna, who is 21 and who has never before been in the labor market, enters the…

A: The unemployment is a situation when people age between 21 to 64 who are looking for job but cannot…

Q: Which of these statements is NOT correct? Select one: a. During the periods of economic expansions…

A: In case of economic boom the economy expands and hence economic activities rises due to which both…

Q: Question 34 Structural unemployment is Oa) unemployment caused by changes in the industrial makeup…

A: The situation which depicts that people who are in turn employable are not able to find jobs as per…

Q: Suppose you find yourself laid off from your current job, and the best advice your economist gives…

A: Unemployment is a situation referring to individuals who are able to work and actively seeking a job…

Q: Boris lost his job when the coal mine at which he had worked closed. After more than a year of…

A: Employed Person: The term employed refers to the state of engaging in work. If a person works and…

Q: The natural rate of unemployment is the rate of unemployment that Select one: O a. occurs when all…

A: The natural rate of unemployment consists of sum total of frictional and structural unemployment.…

Q: Unemployment means that Select one: O a. people are not willing to work at the going wage rate. O b.…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Tamara lost her job as a cashier in the retail store when the store went out of business due to a…

A: Tamara lost her job because of change in business conditions. When there is change in business cycle…

Q: In a recession O cyclical unemployment rises O frictional unemployment rises O real GDP may rise

A: Option A Recession is a phase of the business cycle during which there is a decline in economic…

Q: Which of the following isinotitrue about unemployment? a. teenagers typically experience a higher…

A: Unemployment is referred to as the individuals that have been employable and have been proactively…

Q: Question 45 Websites, such as Monster.com, which feature job listings and allow individuals to…

A: In an economy, different types of unemployment arises due to different market conditions, such as…

Q: QUESTION 12 What condition(s) are necessary for disequilibrium unemployment to exist? O a. Wages to…

A: 12. In the market, disequilibrium refers to the situation when there is a mismatch between market…

Q: TRINIDAD AND TOBAGO ECONOMIC GROWTH, INFLATION AND UNEMPLOYMENT RATES 2009 TO 2018 taron Grovth…

A: In the mentioned question, given the relationship between economic growth, inflation rate and…

Q: Explain how the unemployment rate is calculated and how the data are gathered. b) Consider the…

A: Ans. a). Unemployment is defined as a state when a person is actively searching for employment, is…

Q: Which of the following statements are true? Select one or more: O a. Someone is counted as…

A: Unemployment means when people who are willing and able to work are not able to find a job.

Q: a. What is the real wage, as determined by the price-setting equation? b. What is the natural rate…

A: Unemployment is the state when people are employable and seeking a job but difficult to find it.

Q: How does unemployment in the industrialized world compare with unemployment in the United States? O…

A: In an economy, workers or laborers who are "unemployed" usually required to report on their search…

Q: Digicel buys out Claro Jamaica and lays off Claro's administrative staff. Claro's administrative…

A: Unemployment: - unemployment is that portion of the labor force that is able to do work and looking…

Q: Consider a broom factory that permanentlycloses because of foreign competition. If thebroom…

A: Given : The information about broom factory is given. It closes permanently because of foreign…

Q: The rise in unemployment that occurs because of a recessionis known as cyclical unemployment,…

A: According to the Bureau of labor statistics, an individual is considered unemployed if he does not…

Q: Question 32 The official unemployment rate a) includes underemployed workers but not marginally…

A: Unemployment rates are calculated in order to determine the number of people that do not have jobs.…

Q: QUESTION 5 A worker who loses a job at a call center because the company moved the call center…

A: Unemployment refers to a phenomenon where the people who are willing and able to work are unable to…

Q: a) Explain the influence of each of the following on the natural rate of unemployment Employment…

A: Introduction : The natural rate of unemployment represents the lowest unemployment rate whereby…

Q: Question 35 Which of the following statements about historical unemployment rate is true? Since…

A: Unemployment Rate: It is the ratio of unemployed individuals to the total workforce. Source Of…

Q: The absence of cyclical unemployment means the economy is at the natural unemployment rate. O True…

A: 1) The natural rate of unemployment is defined simply as the rate of employment compatible with a…

Q: Are the following workers more likely toexperience short-term unemployment or long-termunemployment?…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: If the wage is above the equilibrium wage because of a binding minimum wage, the result O cyclical…

A: We have to find if the wage is above the equilibrium wage because of a binding minimum wage.

Q: Which of the following is a positive statement? a. When the unemployment rate in an economy is 7…

A: Unemployment arises in economics when people are unemployed while actively looking for job. The…

Question

Demand deficient unemployment is the result of:
Select one:
O A Changes in the pattern of demand in the economy
O B. Workers and employers being ill-informed about the labour market
O . The economy entering the recessionary phase of the business cycle
O D.The introduction of new technology

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Introduction

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

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

The U.S. unemployment rate increased from 4.6 in July 2001 to 5.9 by June 2002. Without studying the subject in any detail, would you expect that a change of this kind is more likely to be due to cyclical unemployment or a change in the natural rate of unemployment? My?
While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
QUESTION 6 P The natural rate of unemployment in the United States is around 8%. O True OFalse
The natural rate of unemployment is a. when the economy is at potential GDP. b. when the unemployment rate is at full employment. c. when there is no cyclical unemployment. d. all of the above. e. only a and b.
a.) what does unemployment mean economically and explain the types of Unemployment? b.) Explain Zero Unemployment.
No Plagirism Please! 15. Formulate reasons as to why a recession might occur. Then, hypothesize how total economic output and prices will behave in the years following the recession. 16. Explain the three main types of unemployment experienced within an economy. Provide at least one example demonstrating each type of unemployment
QUESTION 16 The natural rate of unemployment is the a. unemployment rate that would prevail with zero inflation b. rate associated with the highest possible level of GDP c. difference between the long-run and short-run unemployment rates d. the normal rate of unemployment around which the actual unemployment rate fluctuates
Question 4Using your knowledge and understanding of supply and demand analysis to graph the following and explain your graph:a) an increase in labour productivityb) an increase in preference for workc) the trade union withdraws labour through a strike.Question 5Year 2010 2011 2012 2013 2014 2015Economic Growth (%) 2.7 1.7 1.3 2.7 2.5 1.9Unemployment (%) 9.6 8.9 8.1 7.4 6.2 5.3Examine the data on the economic growth and unemployment rate for 2010-2015(i) What trends do you observe in the unemployment rate? In economic growth?(ii) Identify the relationship between Economic Growth and Unemployment, if any. (positive, negative, no relationship)…