Explain, using diagrams where appropriate , ONE way unemployment may be caused in an economy and analyse TWO costs of unemployment to an economy.

Q: Give your opinion to this statement: The problem of unemployment can only be solved by opening as…

A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…

Q: 15. Is it possible for the unemployment rate to rise at the same time that the number of people…

A: Answer: Option b ( yes, if labor force growth outpaces growth in the number of people working)…

Q: Using Okun’s law, fill in the four pieces of missing data in the table below. All of the following…

A: Okun's law:2(Actual unemployment rate-Natural unemployment rate) =((Potential GDP-Real GDP)Potential…

Q: Using the economic data below, Which statement about unemployment is true? Year GDP in Billions GDP…

A: In an economy, GDP growth implies a situation when an economy produces or generated relatively more…

Q: Assume you have the following information about an economy: Labor Force of an Economy Number of…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: What are the two biggest recessions in terms of length and magnitude from the graph, the shaded…

A: You have asked multiple questions. We will answer the first question for you. If u want any specific…

Q: Outline and discuss the effects of unemployment. In your discussion you should include benefits and…

A: Unemployment would increase poverty to a greater extent.It would decrease development opportunities…

Q: What term describes the remaining level of unemployment that occurs even when the economy is…

A: Unemployment means people are actively looking for job but they are not able to find the job at…

Q: With the use of examples, explain six (6) implications of an increasing unemployment rate to an…

A: At the point when unemployment rates are high and consistent, there are adverse consequences on the…

Q: If the natural rate of unemployment is 4.5 percent, the current unemployment rate is 7.6 percent,…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Discuss how to control or reduce the Inflation and Unemployment.

A: Inflation is the decline in the purchasing power of a currency over time. The rate at which a basket…

Q: Where on the Business Cycle are we most likely to find the highest unemployment? A) Expansion B)…

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

Q: Refer to the table below for the following question. Suppose this economy has an unemployment rate…

A: Unemployment rate os defined as unemployed people divided by total labour force which includes both…

Q: Suppose the 2010 population census in Ghana indicated that there are 120,000 people in the country.…

A: "Since you have mentioned that you need an answer to parts d and e, I am answering only those…

Q: Using Okun's law, fill in the four pieces of missing data in the table below. All of the following…

A: Note: Since, you've posted question with multiple sub-parts, we will solve the first the first three…

Q: In 1929 the US had an unemployment rate of approximately 3.2%, or 1.6 million people unemployed, yet…

A: Full employment is an economic situation in which the most productive use is made of all available…

Q: Now suppose people who had been seeking jobs become discouraged, and give up their job searches. The…

A:

Q: Discuss two types of unemployment add provide a relevant example for each.

A: In the economy their exist various type of unemployment.

Q: In the U.S., when the unemployment rate is around 9%, this indicates a) None of the choices are…

A: The UR {"unemployment rate"} is described as the % of the labor force that has no job. This UR is…

Q: Which phase of the business cycle can describe the unemployment rate at its lowest and inflation is…

A: Business cycles illustrates the economy's ups and down over a period of time.  It has four phases,…

Q: Unemployment could cause this economy to produce at which point(s)?

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

Q: If the natural rate of unemployment is 5.0 percent, the current unemployment rate is 7.3 percent,…

A: Okun's law: - Okun's law shows the relationship between the unemployment rate and the output gap, it…

Q: Which economists contributed a model of the whole economy in which there would generally, be…

A: In an economy, it can be seen that the approaches to analyze and deal with the economic issues are…

Q: Jimmy just graduated from a top medical school and is currently deciding which  hospital emergency…

A: Unemployment refers to the state in which a person does not have any job even though he is actively…

Q: Using examples, explain six (6) implications of an increasing unemployment rate to an economy?

A: The unemployment rate is an important indicator of economic health. A decrease in the unemployment…

Q: If the natural rate of unemployment was 6%, the current unemployment rate was 8%, and the potential…

A: In economics, Okun's law provide information about the connection between the output growth and…

Q: If the natural rate of unemployment is 3.9 percent, the current unemployment rate is 7.3 percent,…

A: In economics, Okun's law is an empirically observed relationship between unemployment and losses in…

Q: Using the economic data below, Which statement about unemployment is true? Year GDP in Billions GDP…

A: The unemployment rate refers to the fraction of the total labor force that is unemployed. The total…

Q: Comment on the effects that being unemployed have on an individual.

A: Unemployment is a situation where individuals are willing to work, they are finding jobs, but still,…

Q: What is the trend on long-term unemployment and why does it hurt more than the short term…

A: The situation that depicts people who are in turn able and also willing to work but are not able for…

Q: List and describe the 3 types of unemployment. Give an example of each

A: Unemployment means that an active job searching person is unable to find a job.

Q: The Which of these represents an example of citizens who would not typically be counted as…

A: Answer :- Option (D) - All of the above

Q: Explain why it is difficult to deal with (reduce/eliminate) hidden unemployment in less developed…

A: In developing countries, unemployment is a persistent problem that results in the loss of human…

Q: what is the possible solution for the country's huge unemployment rate?

A: The unemployment rate is a good indicator of how much of the labor supply is being underutilized. It…

Q: Mention if you agree or not with the following statements – justify your answer   a. There is no…

A: We will define a structural unemployment and difference between Labor force and unemployment to…

Q: Using Okun's law, fill in the four pieces of missing data in the table below. All of the following…

A: Given: 2015: Real GDP=7840 Potential GDP=8000

Q: Is it possible to have decrease in unemployment rate at the same time as there is less people…

A: Unemployment rate is used to estimate the actual economic growth because increased output with…

Q: In Macroland, a country that operates according to Okun's law, potential GDP equals $10 trillion,…

A: We have the following information- Potential GDP (P*) = $10 trillion Actual Rate of unemployment…

Q: What is unemployement and how is unemployment effecting our economy today?

A: The unemployment is the part of labor force which is capable of getting a job and seeking for it,…