The labor force participation rate increased significantly throughout the 60s, 70s, and 80s. What caused this increase?

Q: Which of the following is the type of unemployment in which there is no reduction in production if…

A: In an economy, unemployed people belongs to different types of unemployment based on their reason of…

Q: What exactly is the natural rate of unemployment?

A: # Let's first understand what's unemployment is.  Unemployment is a situation whereby a person who…

Q: If a contry has a noninstitutional population of 200 million and a labor force of 160 million and…

A: Labor force participation rate: It indicates the percentage of the working-age population in the…

Q: What economic factors determine whether a person participates in the labor force?

A: Labour force refers to the total adult population which is employed or unemployed.  When a person…

Q: Explain why there will always be some unemployment when the labour market is in equilibrium.

A: Unemployment can be defined as a situation in which individuals who are employable and seeking a job…

Q: Identify and explain five (5) types of Unemployment

A: Unemployment has been quite possibly the most tireless and unmanageable problem confronting all…

Q: Why do you think that unemployment rates are lower for individuals with more education?

A: Unemployment means when an individual is not engaged in any economic activity or he/she is searching…

Q: Why did the labor force participation rate of women increase so much in the past century?

A: The labor force is the number of people working and disadvantaged. The labour force inclusion rate,…

Q: What is cyclical unemployment?

A: Unemployment is the situation in which the labors are willing to offer their labor power at the…

Q: Cyclical unemployment results from:

A: Cyclical unemployment is directly related to the economic cycle.

Q: How does structural unemployment differ from frictional unemployment?

A: Structural unemployment: Structural unemployment refers to the unemployment that occurs due to the…

Q: Define what we mean by the labor force participation rate and explain its cyclical behavior?

A: In an economy, labor force refers to the sum of employed and unemployed individuals.

Q: Explain why frictional and structural unemployment are unavoidable in an economy. Examine the…

A: The unemployment is the economic situation in which people are willing to work at the prevailing…

Q: Which of the following pictures best describes the impact on the labor market of a reduction of the…

A: Unemployment benefit is a kind of insurance that is paid by the government to people who have lost…

Q: What could explain why unemployment is lower among workers with a relatively higher level of…

A: The labor market maintains a wage bias in favor of improved human capital and skills.The highly…

Q: Marcus was an aircraft mechanic for 27 years. An advancement in technology automated his job, so…

A: Unemployment rate is the percentage of labor force who is looking for a job and are able to work.

Q: T F Hard-core unemployed workers are those withlittle education or vocational training.

A: Hard-core unemployment refers to the type of unemployment which is witnessed by people who have…

Q: • Determine different types of Unemployment

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: What type of unemployment does each of the following represent? Explain your answers.

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

Q: The employment to population ratio in the United States... A. .tends to be less cyclically volatile…

A: Employment to population ratio refers to the proportion of adult population that has the work to do…

Q: ientrate, and the labor force participation rate. Enter your answers in the table below. (Give all…

A: The labor force participation rate is an estimate of an economy's active workforce. The formula is…

Q: If a higher minimum wage is introduced, what happens to unemployment

A: Unemployment refers to the market condition when not all the workers are getting job or it can be…

Q: Why is the optimal rate of unemployment, from an economic perspective, never zero? Explain.

A: In an economy, an optimal unemployment rate is considered as the lowest natural rate of unemployment…

Q: What type of unemployment is it if a person loses their job and an employment advisor advises you to…

A: Employment: The term employment indicates the state of being employed which means a person works for…

Q: importance of employment and unemployment? explain both terms.

A: Definitions:   employment is a significant piece of the economy, social, and natural advancement…

Q: Between 1980 and 2015, by how many percentage did the labor force participation rate of men change?…

A: For men, Old participation rate in 1980 is 77.4 New participation rate in 2015 is 69.1 The…

Q: If there are 400,000 persons aged 16 or older in the economy and 275,000 people are in the labor…

A: Given: Total Population= 400,000 Labor Force= 275,000 The labor force is calculated by summation of…

Q: How can seasonal unemployment be alleviated? Should it be alleviated? Why or why not?

A: Seasonal unemployment means a situation when individuals are not having jobs(unemployed) at…

Q: As the baby boomer generation retires, what should happen to wages and employment? Can you show this…

A: The labor supply curve shows the positive relationship between wage rate and quantity of labor…

Q: Can government do anything to reduce the number of people in the following categories? If so, what?…

A: Unemployment refers to those who are employable and actively looking for work but are unable to find…

Q: Which of the two measures (unemployment or underemployment) can best represent the labor market…

A: Unemployed means you don't have a job, while underemployment means the job you have is inadequate.…

Q: As the baby boomer generation retires, what should happen to wages and employment?  Show this…

A: The retirement of baby boomer generation leads to reduce the supply of labor force in the economy.…

Q: Which of the items below would likely contribute significantly to cyclical unemployment?

A: Cyclical unemployment is the type of unemployment that occurs due to the recession or the downturn…

Q: Does the existence of unemployment insurance eliminate the economic costs of unemployment?

A: unemployment insurance, is the method of securing income even if an individual gets unemployed, it…

Q: Which organization releases data on unemployment?

A: The data on unemployment is collected on the basis of Lakadawala formula.

Q: Why is the optimal rate of unemployment, from an economic perspective, never zero?

A: Answer: The optimal rate of unemployment or natural rate of unemployment refers to the rate of…

Q: Whats a possible explanation for the variations in unemployment over time and the variation in…

A: Unemployment: The situation when a capable person is willing to work and searching for a job but was…

Q: What are frictional unemployment and structural unemployment? Give two possible sources of…

A: Unemployment refers to the situation where an individual does not have a job but has actively looked…