Use the graph to answer the question. Unemployment, 1929-1945 17 13 1930 1935 1940 1945 Year Source Historical Statties of the United State Colonial Times o 1970, US. Census Bureau, 1975 (adapted) What was the MAIN cause of the trend in employment shown on the graph between 1942 and 1945? O A. the success of the Social Security Act B. a decline in the number of women in the workforce O C. the impact of a high inflation rate O D. increased manufacturing to meet the needs of World War II Percent Unemployed

Use the graph to answer the question. Unemployment, 1929-1945 17 13 1930 1935 1940 1945 Year Source Historical Statties of the United State Colonial Times o 1970, US. Census Bureau, 1975 (adapted) What was the MAIN cause of the trend in employment shown on the graph between 1942 and 1945? O A. the success of the Social Security Act B. a decline in the number of women in the workforce O C. the impact of a high inflation rate O D. increased manufacturing to meet the needs of World War II Percent Unemployed

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Unemployment

Section: Chapter Questions

Problem 4PA

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Similar questions

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?
Would you expect the natural rate of unemployment to remain the same within one country over the long run of several decades?
What is frictional unemployment? Give examples of frictional unemployment.
A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest 0f the adult population is out of the labor force. Whats the unemployment rate? What share of population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.
If many workers become discouraged from looking for jobs, explain how the number of jobs could decline but the unemployment rate could fall at the same 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?
Assess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.
What is structural unemployment? Give examples of structural unemployment.