Now suppose people who had been seeking jobs become discouraged, and give up their job searches. The labor force shrinks to 900,500 workers, and unemployment falls to 500,000 workers. What is the unemployment rate now? Has the economy improved??

Q: When the following events happen, does the unemployment rate rise (R), fall (F), or stay the same…

A: Since number of unemployment people increase, unemployment rate increases (R).

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: Number of People, Category Millions Total population Population under 16 years of age or…

A:

Q: The structural unemployment rate is 2.89% and the frictional unemployment rate is 2.69%. If current…

A: Structural unemployment is the unemployment that results due to mismatch between skills demanded by…

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: A country has 10 million people, 5 million of whom are adults. Of the adults, 0.5 million are not…

A: By dividing the total number of jobless persons in a nation by the total work force, one can get the…

Q: Suppose a number of workers decide to quit their jobs and enter retirement. Assuming this is the…

A: Answer: (1). Increase (2). Decrease Explanation: If some number of people quit their jobs and enter…

Q: Define unemployment. What is natural rate of unemployment? Why do you think unemployment as risen so…

A: Unemployment is the one of the macroeconomic variables which is used to shows the condition of the…

Q: The text lists four types of unemployment, structural, cyclical, frictional, or seasonal. Which type…

A: Unemployment is basically the total number of people out of the total workforce who are unable to…

Q: What is the current U.S. unemployment rate? Why has it changed over the last years or so?

A: Unemployment is a situation where people are jobless in spite of having knowledge and skills.…

Q: Suppose an economy has 10,000 people who are not working but looking and available for work and…

A: Unemployment refers to the socio-evil that curbs the economy from growth. The unemployment measures…

Q: When the economy is at full employment, will the unemployment rate be 0%? Explain briefly When the…

A: ANS When an economy is at full employment then the economy is using its all available resources most…

Q: Q)The natural rate of unemployment is the frictional rate that exists in every economy when people…

A: The unemployment rate is the important indicator which would measure the rate of unemployed people…

Q: An economy has a population of 226,500. Of them, 12,500 are unemployed and actively seeking work,…

A: Here, given information is, Total population: 226,500 Unemployed but looking for job: 12,500…

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: How is the labor force defined and who measures it? How is the unemployment rate calculated? Does an…

A: Disclaimer: Since you have posted questions with multiple sub-parts, we will solve the first three…

Q: Suppose that roughly 8 million people in Canada unsuccessfully sought work this month, the same…

A: The unemployment rate is defined as the percentage of the workforce that is unemployed. It's a…

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: Which type of unemployment is not included in the natural unemployment rate? Why? Which phase of the…

A: Unemployment is characterized as a circumstance where an individual of working age can't find a new…

Q: Would you expect hidden unemployment to be higher, lower, or about the same when the unemployment…

A: Hidden unemployment includes those individuals people who are either underemployed or are…

Q: Why shouldn’t every adult without a job be classified as part of the official unemployment rate?…

A: Unemployment rate: The unemployment rate is a useful indication of underutilization of the labor…

Q: Imagine that during an expansion the U.S. economy adds 300,000 jobs. In addition, because of the…

A: The unemployment rate is the proportion of the labor force that is not currently employed but are…

Q: In an economy with 200 million people, 140 million hold civilian jobs and 9 million are not working…

A: Unemployment is a time period relating to individuals who are employable and actively searching for…

Q: Is it ever possible to have zero unemployment in an economy? Why or why not? Explain in details

A: Economic growth and unemployment are the two most important economic variables. All the policies and…

Q: What are the factors that make it hard to determine the unemployment rate?

A: Unemployment rate is the percentage of labor force who are willing to work but is not able to get…

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

A: If the economy is healthy and still have unemployment, then this term is described by natural…

Q: Consider a country with 300 million residents, a labor force of 150 million, and 10 million…

A: We have a total population of 300 million in which 150 million are in the labor force in which 140…

Q: Is it feasible for both the number of employed individuals in the economy and the unemployment rate…

A: Total Labor Force consists of both employed and unemployed.  Unemployment Rate = Total Unemployed /…

Q: (Measuring Unemployment) Suppose that the U.S. noninstitutional adult population is 230 million and…

A: Unemployment refers to the people who are willing to work and actively seeking a job opportunity but…

Q: Consider an economy with 50 people unemployed and 900 employed. Its finding rate is 70% and its…

A: Given unemployed = 50 Employed = 900 Separation rate = 10% = 0.10 Finding rate = 70% = 0.70 Rate of…

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: List and define the three types of unemployment. And give an example of each of them. What is the…

A: 1) Definition: Unemployment occurs when a person who is actively searching for employment unable to…

Q: Now suppose 4,000 of the people looking for work get discouraged and give up their searches. What…

A: A percentage representation of the number of jobless people in relation to the total number of…

Q: Use the information in the following table to solve for the unemployment rate. Population 16 and…

A: The labor force participation rate shows the ratio of labor force and working age population or…

Q: If the labor force of 160 million people is growing by 1.2 percent this year, how many new jobs have…

A: Unemployment: It is the situation when people have the ability and willingness to work but do not…

Q: If the labor force of 160 million people is growing by 2.6 percent this year, how many new jobs have…

A: Given: The labor force is = 160 million Growing at a rate of = 2.6% To Find: The new jobs to be…

Q: Suppose the labor force is 189 million of a possible 244 million working-age adults. The total…

A: Here we calculate the standard unemployment rate by using the given information , so the calculation…

Q: Explain any two causes of unemployment in the economy!

A: According to the given question In Simple words we can say that unemployment is generally known to…

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: In your opinion, which type of unemployment rate is much harder to recover? Thoughts?

A: Unemployment means a situation where large number of people don't have any job.

Q: If the labor force of 165 million people is growing by 1.6% this year, how many new jobs have to be…

A: Given: Labor force=165 million Growth this year=1.6%