Suppose a number of workers decide to quit their jobs and enter retirement. Assuming this is the only change in the labor market, the unemployment rate will _____ and the labor force participation rate will _____   what increases and what decreases?

Q: Employees at a toy-manufacturing factory are let go because robots have been installed to replace…

A: Unemployment is the state of being able to work, actively looking for work, but unable to find any.…

Q: Full employment exists when, on average, nearly two out of three adults in the labor force are…

A: Full employment implies that the labor force is efficiently used and the unemployment is usual after…

Q: A country with a civilian (work-eligible) population of 90,000 (all over age 16) has 70,000 employed…

A: Unemployment refers to the situation of the people when they do not have any kind of work neither…

Q: Suppose that the natural rate of unemployment is 5.7 percent. If unemployment has for some time been…

A: It is known that Natural unemployment rate is 5.7%. The actual unemployment lies between the range…

Q: If output is below its natural rate, there will be pressure for wages to __________ because…

A: Unemployment is a situation that occurs when workers want to work but are unable yo find employment,…

Q: For each of the following events, choose whether the unemployment rate increases, decreases, stays…

A: (a). The correct option is the unemployment rate stays the same. This is because individuals that…

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: unemployment

A: The workforce cooperation or participation rate is the quantity of people in the workforce as a…

Q: Frictional unemployment is inevitable simply because the economy is always changing.” Do you agree…

A: Unemployment occurs in economics when people are out of work while actively looking for work. The…

Q: Assume the following for the town of Boone: The town has a total population of 50,000 people, of…

A: When an individual or group of people are able to do a job, looking for a job and are willing to…

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: 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: If the labor force increases, but the number of people unemployed stays the same, what happens to…

A: Labor Force = Number of Employed + Number of Unemployed Unemployment rate = number of…

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 the adult population is 6 million, the number of employed is 3.8 million, and the…

A: The adult population is given to be 6 million. The number of employed population is 3.8 million.…

Q: Satchel loses his job and immediately begins looking for another. Other things the same, the…

A: The unemployment rate is a portion of the labor force is which is unemployed. Unemployed means a…

Q: f the number of people in the labor force is 170 million and 155 million people are employed, then…

A: labor force = employed + unemployed thus unemployed= 170-155 mn = 15 million

Q: Which of the following people would be considered frictionally unemployed? a The President of the…

A: Cyclical unemployment defines unemployment matched by the recent trends in the business or industry…

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: Explain whether it is possible for the amount of employed people to decrease while the unemployment…

A: Unemployment Rate = Total Unemployed / Labor Force * 100 Labor Force = Employed + Unemployed

Q: Determine the impact on each of the following if 2 million unemployed decide to return to school…

A: Unemployment occurs when people who are able, willing and looking for jobs are unable to find jobs.…

Q: What would happen to the measured unemployment rate if individuals who had previously left the labor…

A:

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: Calculate unemployment rate and labor force participation rate for both 2019 and 2020 given the…

A: Answer: The formulas to be used are given below: Unemployment rate=unemployedlabor…

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: What is the current unemployment rate and the labor force participation rate

A: Introduction : Unemployment is a term referring to individuals who are employable and actively…

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: what is the effect of an increase in unemployment benefits on the equilibrium levels of real wage…

A: Unemployment is defined as the condition where a person who is willing and  able to work is not able…

Q: List 2 of the conditions that should be applied in order to consider any person as unemployed.

A: Unemployment is a situation where a person who is employable has no job and is actively looking for…

Q: The biggest types of unemployed people that the world right now are caused by poor economic…

A: Macroeconomics analyzes the economy as a whole. It studies aggregate economic concepts such as…

Q: Suppose the number of people who retire is greater than the number of people who enter the workforce…

A: The unemployment rate is the level of the workforce without a task. It is a reactive result,…

Q: Frictional unemployment is the Frictional unemployment is the a) unemployment that results when…

A: We have to find Frictional unemployment .

Q: Suppose you are given the following data for a small economy: Number of unemployed workers:…

A: Answer -No. of unemployed workers = 1,000,000Labor Force = 10,000,000Part (a)-Answer - Unemployment…

Q: Explain whether each of the following events increases,decreases, or has no effect on the…

A: The unemployment rate is the number of unemployed people in the country being divided by the total…

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: A person who has been field is not considered unemployed? True or False

A: When an individual does not work full-time or takes a job that does not match their actual training…

Q: Assume that 2 million individuals enter the labor force this month and all of them find jobs. This…

A: GIVEN   Assume that 2 million individuals enter the labor force this month and all of them find…

Q: Assume you have the following information about the unemployment rate among different groups in the…

A:

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%