If unemployment is above the natural rate of unemployment, then potential GDP is:  A) Equal to actual GDP B) Greater than actual GDP C) Equal to the GDP gap D) Less than actual GDP

Q: Legislative efforts to make it more difficult for employers to lay off employees will most likely…

A: Unemployment is the situation when an individual is seeking a job but unable to find one.

Q: At break-even income level, households’ saving is zero.     1) True   2) False     Cyclical…

A: Unemployed refers to people who are able to work but are unable to do so. This group includes those…

Q: When the economy of a country is operating at full capacity: the unemployment rate is greater than…

A: A country's economy includes all the activities that are related to the production and manufacturing…

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

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

Q: For a country, economists have estimated that structural unemployment is 2.0% and frictional…

A: Unemployment due to a change in the business cycle in an economy is termed cyclical unemployment.…

Q: An efficiency wage is     A. an​ above-market wage paid by a firm to maximize worker productivity…

A: The correct option is (D). an​ above-market wage paid by a firm to maximize worker productivity and…

Q: Which of the following statements is false? Sticky wage theories presume that the main cause of…

A: Statement 1 is true- Wages can be stifled for a variety of reasons, including labor unions and…

Q: Which of the following statements is FALSE? (A) high rates of unemployment often have a way of…

A: Statement B is false. The availability of unemployment benefits reduces the worker's effort to find…

Q: One policy based source of structural unemployment is     retraining programs     economic…

A: Unemployment refers to a situation when a person wants to work but he can not find a paid job.

Q: The Bureau of Labor Statistics (BLS) USA reported following data in the report: The number of…

A: To calculate the following:   Labor Force = The number of employed  + Number of Unemployed U-Rate =…

Q: How will the following changes affect the natural rate of unemployment? Specifically, do they…

A: Unemployment refers to individuals who are in turn employable and are also actively seeking for a…

Q: : This economy is not currently at its natural rate of unemployment.

A: Natural rate of unemployment refers to the unemployment existing in the economy regardless of the…

Q: Which of the following statements is false a. Natural rate of unemployment includes frictional and…

A: Here all the statements are regarding unemployment Definition of unemployment : Unemployment is a…

Q: Define with example: Structural unemployment, Frictional unemployment and cyclical unemployment

A: Unemployment is an economic problem that occurs when people who are able and willing to work fail to…

Q: What is meant by the full employment or the natural rate of unemployment? Which type of unemployment…

A: In an economy, unemployment refers to the situation when labor supplied exceeds labor demand in the…

Q: Which of the following statements is FALSE? high rates of unemployment often have a way of…

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

Q: A type of unemployment in which workers are in-between jobs or are searching for new and better jobs…

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

Q: Suppose the Palestinian population is 3,800,000 individuals, the number of individuals 16 years and…

A: Answer;   Palestinian population is 3,800,000 Labor force participation rate = 80% Labor force…

Q: Which of the following is an impractical (not feasible) policy towards reducing the negative effects…

A: Reducing negative effects of unemployment one of the major policy goals of the government. There are…

Q: Frictional unemployment is thought to explain relatively a. long spells of unemployment, as is…

A: Frictional unemployment refers to the unemployment that is the result of people being unemployed…

Q: Labor Market Flows. Suppose that the law of motion for unemployment is given by 4,+1 - u, = s(1 –…

A: Law of motion of unemployment is given by the equation : u(t+1) - u(t) = s(1-ut) - fu(t) s : is the…

Q: Frictional unemployment is: unemployment that is due to the friction of competing ideological…

A: Frictional unemployment is defined as joblessness caused by typical labour market turnover. Labor…

Q: Workers at a car-manufacturing plant in Detroit, Michigan are laid off because of a recession in the…

A: Unemployment refers to the situation when a person is able and willing to work but is uanble to find…

Q: The natural rate of unemployment includes   Question 21 options:   a)  frictional, structural ,…

A: The natural rate of unemployment is the type of unemployment that correlates to the extent of…

Q: Assume the natural rate of unemplyment in the US economy is 5 percent and the actual rate of…

A: Okun's law is the law that explains the relationship between Gross National Product (GNP) and…

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: This type of unemployment is due to workers finding jobs in specific time of the year only and then…

A: Unemployment means the state of the economy in which people who are fit and willing to work cannot…

Q: Which condition does the term full employment refer to? Select one: a. There is only cyclical…

A: Employment is important for an economy. Because of employment, the income of people increases,…

Q: The unemployment associated with an economic downturn like those associated with the COVID pandemic,…

A: There are different types of unemployment resulting from different labor market conditions.

Q: ............... unemployment is unemployment caused by .............. and ..............…

A: Frictional unemployment , also known as search employment, portrays a short-term unemployment…

Q: What types of unemployment will still exist when the economy is at the natural rate of unemployment?…

A: Unemployment rate = frictional unemployment + structural unemployment + cyclical unemployment When…

Q: This type of unemployment is due to workers finding jobs in specific time of the year only and then…

A: The type of unemployment which occurs due to workers finding jobs in specific time of the year only…

Q: An economy is said to achieve “full employment” when:   a.     The unemployment rate is equal to…

A: "Unemployment in an economy means those people of labor force in an economy who are willing,…

Q: The table below shows unemployment and labor force statistics for an economy. Actual rate of…

A: When the discouraged workers re-enter the labor force, the total labor force would be now:

Q: The sum of frictional, seasonal, and structural unemployment is referred to as the…

A: In this Option E is correct.

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: Individuals who want to work, but have given up searching for a job because of limited prospects,…

A: Unemployment refers to a state when people of working age are unable to get a job when they are…

Q: At full employment there is no structural unemployment. unemployment. frictional unemployment.…

A: In an economy, unemployment refers to the situation when people who are in labor force are unable to…

Q: The normal rate of unemployment that persists in the economy in the long run is called    a.…

A: The normal rate of unemployment that persists in the economy in the long run is called the (d)…

Q: Full employment is not considered to be ever zero unemployment because: Group of answer choices some…

A: Full Employment is the condition where the unemployment rate is equal to the natural unemployment…

Q: Structural unemployment is the unemployment that arises​ ____________.   A. when wage rigidity…

A: When the wages fail to adjust labour at equilibrium then it's known as wage rigidity.

Q: From the Hysteresis theory, a long period of high unemployment, can increase the natural rate of…

A: Introduction: Unemployment is defined as a condition in which a person who is actively looking for…

Q: The natural rate of unemployment Multiple Choice   means that the economy will always operate at…

A: Introduction: Unemployment refers to the state in which people are employable and are actively…

Q: The natural rate of unemployment is: found by dividing total unemployment by the size of the labor…

A: Natural rate of unemployment means that there is some level of unemployment existing in the economy…

Q: Classify the following scenarios as examples of frictional, structural, or cyclical unemployment,…

A: PLEASE FIND THE ANSWER BELOW.

Q: Structural unemployment   a. arises from mismatches between available jobs and workers' skills or…

A: Structural unemployment occurs when people lack the basic skills needed to do the job or live far…

Q: Unemployment arising from a persistent mismatch between the skills and characteristics of workers…

A: We have four type of unemployment that we have to consider.. seasonal unemployment.    frictional…