Determine whether there is a relationship between the unemployment rate and inflation rate.

Q: The Bangladesh Bureau of Statistics report that the population of the country in 2019 was 170…

A: Answer: Given, Total Population= 170 million Adult population= 60% of total population Adult…

Q: Suppose that half of those officially counted as unemployed become discouraged and drop out of the…

A: Unemployed people in the city = 150,000. Size of labour force= 220000+80000+150000= 450000…

Q: Describe what is the Specific inflation rate? Give an example?

A: Inflation rate: The term inflation refers to the average price rise over a certain period of time.…

Q: Write the formula of the general inflation rate?

A: The general inflation rate refers to an average inflation rate based on the CPI (consumer price…

Q: Explain the trade-off between unemployment and inflation by citing a concrete example.

A: General increase in price level for goods and services in the economy is known as inflation.…

Q: Imagine that there are 160,000 people in the population of working age. 150,000 have jobs, 5,000 do…

A: Given: Total population = 160,000 Employed = 150,000 Unemployed = 10,000 Out of this, 5000 people…

Q: In which year did the economy above most likely have an actual unemployment rate equal to the sum of…

A: The economies around the globe are involved in various economic, and financial transactions, and…

Q: Evaluate how each of the following individuals would be affected by unanticipated inflation: (a) A…

A: Meaning of Inflation: Inflation generally arises when there is an excessive increase in the level…

Q: Cyclical unemployment results from:

A: Cyclical unemployment is directly related to the economic cycle.

Q: What is a discourage worker? How might the exclusion of the discouraged workers underestimate the…

A: In an economy, people are classified as different in terms of their employment status such as…

Q: Define the term inflation rate?

A: Nominal interest rate is the rate which does not take inflation into account. All the prices of…

Q: How will each of the following individuals be affected by unanticipated inflation: (a) A department…

A: Inflation(π) refers to the increase in the general price(P) level  and thus leads to the decrease in…

Q: • Determine different types of Unemployment

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Does the duration of unemployment matters? Explain your answer.

A: Unemployment in the economy occurs when an individual capable of working and possess the skills to…

Q: If someone were counted in the numerator of the headline unemployment rate, would they also be…

A: Headline Unemployment Rate It is the percentage of unemployed people in the country who are not a…

Q: Determine whether each of the following would be considered frictional, structural, seasonal, or…

A: Frictional Unemployment is that type of unemployment in which a worker moves from one job to another…

Q: Which of the following correctly shows the steps needed to calculate the inflation rate?

A: The consumer price index is used in measuring the price level. The consumer price index converts the…

Q: Please explain fully, Can inflation decrease unemployment?

A: Inflation is the increase in the price level of the goods in the economy.  Unemployment is the…

Q: How do frictional unemployment characteristics affect the natural rate of unemployment?

A: Unemployment does not help the economy to grow and prosper. As a result of increase in the rate of…

Q: The BLS reports six different unemployment rates--the official unemployment rate U-1 and five other…

A: BLS considers only one unemployment rate.

Q: If discouraged workers are included in the determination of the unemployment rate, what effect will…

A: If discouraged workers are included in the determination of the unemployment rate, what effect will…

Q: Government statisticians have estimated that . frictional unemployment is 3.5%; and structural…

A: Natural Rate of Unemployment = Frictional Unemployment + Structural Unemployment It is defined as…

Q: Define the term Average Inflation Rate?

A: The inflation rate is the rate of increase in the price level of an economy. For example, if the…

Q: Define Inflation?

A: When prices increase throughout the economy, your money has less buying power and inflation results.

Q: between the unemployment rate and the natural unemployment rate as the economy moves through a…

A: Unemployment in an economic state where an individual who is willing and able to work at the…

Q: Which of the following is not an economic effect of inflation?

A: Inflation refers to the general rise in prices of goods and services in the economy. The rapid and…

Q: During which period is inflation and unemployment inversely related?

A: The inverse relationship between inflation and unemployment can be explained by the short-run…

Q: analyse the impact that the increasing number of social grants may have on the unemployment rate

A: Social grants are set up to help improve ways of life in the public arena and are given to…

Q: Define the term inflation?

A: Economics is a social science that studies human behavior regarding their unlimited wants in terms…

Q: When a country is operating at its potential GDP, unemployment is at the natural rate there is no…

A: Potential GDP is a basically a theoretical construct that estimates the value of the production that…

Q: Explain how frictional unemployment can be good for the economy.

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

Q: Full-time Employed 80 Part-time Employed 25 Unemployed 15 Discouraged Workers Members of Underground…

A: The measure that depicts a rise in levels of price of goods and services in an economy during a…

Q: Why is the optimal rate of unemployment, from an economic perspective, never zero?

A: Answer: The optimal rate of unemployment or natural rate of unemployment refers to the rate of…

Q: List and define the three different types of unemployment.

A: Unemployment takes place while employees who need to work are not able to discover jobs, which…

Q: Evaluate how each of the following individuals would be affected by unanticipated inflation: (a)…

A: Unanticipated inflation affect differently to different sections. Because someone will get benefit…

Q: Differentiate between the unemployment rate and the natural unemployment rate as the economy…

A: Unemployment: Unemployment in an economic state where an individual who is willing and able to work…

Q: If Macroland had the following information   200 - Employed Workers  100 - Not working, but still…

A: In the labor force, only this people are included who are already employed and who are actively…

Q: When an economy experiences semihidden unemployment,

A: OPTIONS OTHER THEN B WRONG BECAUSE Semihidden unemployment happens when individuals are not included…

Q: If an economy has experienced unanticipated inflation, which of the following groups has most likely…

A: Unanticipated inflation is a term indicates an increase in price level at a faster pace than…

Q: How can an increase in discouraged workers influences the official unemployment rate and U-4.

A: Discouraged workers are those who are at present unemployed and are not looking for work (for more…