4. Sectoral shifts, frictional unemployment, and job searchesThe temporarySuppose the world price of aluminum falls significantly. The demand for labor among aluminum-producing firms in Pittsburgh willdemand for labor among airplane manufacturing firms in Washington, which use aluminum as an input, willunemployment that results from sectoral shifts such as the ones describes above is best categorized asSuppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all thatapply.Establishing government-run employment agencies to connect unemployed workers to job vacanciesTaxing the price of placing a resume or posting a job opening on a job-search websiteunemployment.Improving a widely used job-search website so that it matches workers to job vacancies more effectivelyThe

A person is said to be frictional unemployed when he/she is looking for his/her first job, or…

Suppose the world price of aluminum falls significantly. The demand for labor among aluminum-producing firms in Pittsburgh will demand for labor among airplane manufacturing firms in Washington, which use aluminum as an input, will The temporary unemployment that results from sectoral shifts such as the ones describes above is best categorized as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. The

Suppose the world price of aluminum falls significantly. The demand for labor among aluminum-producing firms in Pittsburgh will demand for labor among airplane manufacturing firms in Washington, which use aluminum as an input, will The temporary unemployment that results from sectoral shifts such as the ones describes above is best categorized as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. The

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Unemployment

Section: Chapter Questions

Problem 2PA

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Similar questions

Unemployment rates have been higher in many European countries in recent decades than in the United States. Is the main reason for this long-term difference in unemployment rates more likely to be cyclical unemployment or the natural rate of unemployment? Explain briefly.
Beginning in the 1970s and continuing for three decades, women entered the U.S. labor force in a big way. If we assume that wages are sticky in a downward direction, but that around 1970 the demand for labor equaled the supply of labor at the current wage rate, what do you imagine happened to the wage rate, employment, and unemployment as a result of increased labor force participation?
If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
Explain how the natural rate of unemployment may be higher in low-income countries.
What happens to the unemployment rate when unemployed workers are reclassified as discouraged workers?
What happens to the labor force participation rate when employed individuals are reclassified as unemployed? What happens when they are reclassified as discouraged workers?
Using the above data, what is the unemployment rate? These data are U.S. statistics from 2010. How does it compare to the February 2015 unemployment rate computed earlier?
If inflation rises unexpectedly by 5, indicate for each of the following whether the economic actor is helped, hurt, or unaffected: A union member with a COLA wage contract Someone with a large stash of cash in a safe deposit box A bank lending money at a fixed rate of interest A person who is not due to receive a pay raise for another 11 months
While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
What term describes the remaining level of unemployment that occurs even when the economy is healthy?