The natural rate of unemployment is the A) unemployment rate occurring when actual and potential GDP are equal. B) unemployment rate associated with the business cycle. C) full employment rate of unemployment. D) A and B E) A and C
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The natural rate of
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- rhe most significant real economic cost of high unemployment is: a) the potential goods and services that might have been produced but weren't b) the money cost of retraining persons to obtain new jobs c) lost tax revenue that might have been paid by persons if they had worked d)the money cost of unemployment insurance payments to the unemployedQUESTION 16 The natural rate of unemployment is the a. unemployment rate that would prevail with zero inflation b. rate associated with the highest possible level of GDP c. difference between the long-run and short-run unemployment rates d. the normal rate of unemployment around which the actual unemployment rate fluctuatesThe natural rate of unemployment is a. when the economy is at potential GDP. b. when the unemployment rate is at full employment. c. when there is no cyclical unemployment. d. all of the above. e. only a and b.
- Full employment unemployment rate" (also called the natural rate of unemployment) is defined as a) The situation when all people who want to work are actually employed. b) Zero involuntary unemployment. c) The unemployment rate that would exist in the absence of cyclical unemployment. d) The situation of only frictional unemployment. e) The unemployment rate that would exist in the absence of structural unemployment.K The amount of frictional unemployment depends on OA. the phase of the business cycle. OB. the time of the year. C. demographic factors and unemployment compensation. D. international competition. OE. Both answers A and B are correct.vQuestion 4 Workers and employers in economy expected 3% inflation rate for 2015 but actual inflation turns out to be 5%. Kylie, a casual worker with no labour contract, has remained unaffected while Susie, a fixed term employee, has become worse-off. Answer
- Examine the data on the economic growth and unemployment rate for 2010-2015 i) What trends do you observe In the unemployment rate? In economic growth? ii) Identify the relationship between Economic Growth and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice. iii) Does the relationship observed in part 2 satisfy the economists' view of the relationship between economic growth and unemployment? Use references to support your answer.Year 2010 2011 2012 2013 2014 2015 Economic growth (%) 2.7 1.7 1.3 2.7 2.5 1.9 Unemployment (%) 9.6 8.9 8.1 7.4 6.2 5.3 Examine the data on the economic growth and unemployment rate for 2010-2015 a. What trends do you observe in the unemployment rate? In economic growth? b. Identify the relationship between Economic Growth and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice. c. Does the relationship observed in part 2 satisfy the economists' view of the relationship between economic growth and unemployment? Use references to support your answer.The rise in unemployment that occurs because of a recessionis known as cyclical unemployment, because it is closely tied to the ______________. a)labor supply b)natural rate ofunemployment c)supply curve d)business cycle
- Calculate the unemployment rate of country X if there are 15M individuals in the non-institutional population 15 years and over; 2M people are classified as unemployed and 10M people have jobs. Select one: A.13.3% B.80% C.16.7% D.66.7%An economy is described by the following equations C = 62 + 0.6 (Y - T) T = 100 IP = 200 G = 80 NX = -30 Y* = 600 find the level of total unemployment at Y (actual output). Assume the Natural rate of Unemployment = 5%QUESTION 6 P The natural rate of unemployment in the United States is around 8%. O True OFalse