The labor-force participation rate measures the percentage of theSelectati rdspunsul corectOa labor force that is either employed or unemployedO b. lulal atull populatiun thel is ermpluyed.O. total odult population that is in the labor force.d.lelbor force that is employed.Inflation tends to hurt people most if they:Scleclali ráspursul coxt:O a. sell goods whose prices rise faster than average.O b. adjust their incomes for changes in the interest rate.O. receive money incorme that doesn't rise as fast as prices.have a lot of debts.

Unemployment is the situation where people does not find a job even when they are willing and able…

The labor-force participation rate measures the percentage of the Selectati respunsul corect O labor force that is either employed or unemployed Ob. lulal sthill populalion thal is ermployed. Oc total odult population that is in the labor force. Od. lebor force that is employed. Inflation tends to hurt people most if they: Seleclati raspural coct Oa. sell goods whose prices rise faster than average. Ob. adjust their incomes for changes in the interest rate. Oc receive money income that doesn't rise as fast as prices Od. have a lot of debts.

The labor-force participation rate measures the percentage of the Selectati respunsul corect O labor force that is either employed or unemployed Ob. lulal sthill populalion thal is ermployed. Oc total odult population that is in the labor force. Od. lebor force that is employed. Inflation tends to hurt people most if they: Seleclati raspural coct Oa. sell goods whose prices rise faster than average. Ob. adjust their incomes for changes in the interest rate. Oc receive money income that doesn't rise as fast as prices Od. have a lot of debts.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 2P

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Similar questions

Are U.S. unemployment rates distributed evenly across the population?
Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9 million (of whom 139.1 million are employed). How many people are not in the labor force? What are the proportions of employed, unemployed and nut in the labor force in the population? Hint: Proportions ate percentages.
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?
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?
What has been a typical range of inflation in the U.S. economy in the last decade or so?
Is it desirable to eliminate natural unemployment? Why or why not? Hint: Think about what our economy would look like today and what assumptions would have to be met to have a zero rate of natural unemployment.
What criteria do the BLS use to count someone as employed? As unemployed?
Inflation rates, like most statistics, are imperfect measures. Can you identify some ways that the inflation rate for fruit does not perfectly capture the rising price of fruit?
Whose unemployment rates are commonly higher in the U.S. economy: Whites or nonwhites? The young or the middle-aged? College graduates or high school graduates?