What is meant by "full employment"?  Why is full employment desirable?  Can we have both full employment and unemployment at the same time?.

Q: Graphically illustrate and explain what is the effect of an increase in unemployment benefits on the…

A: Higher unemployment benefits result in a higher real income at a given unemployment rate( Un). To…

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A: Employment rates are defined as a measure of the extent to which (people available to work or the…

Q: When the economy of a country is operating close to its full capacity unemployment is close to zero.…

A: The correct option is cyclical unemployment is close to zero. Cyclical unemployment is a type of…

Q: What factors make it difficult to determine the unemployment rate?

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: State whether the following are true or false and explain why. i. Frictional and structural…

A: Unemployment refers the people who are willing and able  to work but unable to get any job at…

Q: What is a discourage worker? How might the exclusion of the discouraged workers underestimate the…

A: In an economy, people are classified as different in terms of their employment status such as…

Q: Please answer both components; thank you! 1. Explain why “full employment" does not mean 0%…

A: 1. Full employment is the situation in which the economy experiences the lack of involuntary…

Q: When the economy is at full employment, will the unemployment rate be 0%? Explain briefly When the…

A: ANS When an economy is at full employment then the economy is using its all available resources most…

Q: How is the labor force defined and who measures it? How is the unemployment rate calculated? Does an…

A: Disclaimer: Since you have posted questions with multiple sub-parts, we will solve the first three…

Q: In a recession O cyclical unemployment rises O frictional unemployment rises O real GDP may rise

A: Option A Recession is a phase of the business cycle during which there is a decline in economic…

Q: If the labor force of 160 million people is growing by 1.2 percent this year, how many new jobs have…

A: Unemployment refers to a situation in which the workers are willing to offer their labor force at…

Q: In 1929 the US had an unemployment rate of approximately 3.2%, or 1.6 million people unemployed, yet…

A: Full employment is an economic situation in which the most productive use is made of all available…

Q: What is the meaning of cyclical unemployment?.  Is this type of unemployment counted as part of…

A: In an economy, unemployment is classified into different types such as cyclical, frictional,…

Q: Now suppose people who had been seeking jobs become discouraged, and give up their job searches. The…

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

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

Q: Which type of unemployment is not included in the natural unemployment rate? Why? Which phase of the…

A: Unemployment is characterized as a circumstance where an individual of working age can't find a new…

Q: Would you expect hidden unemployment to be higher, lower, or about the same when the unemployment…

A: Hidden unemployment includes those individuals people who are either underemployed or are…

Q: Imagine that during an expansion the U.S. economy adds 300,000 jobs. In addition, because of the…

A: The unemployment rate is the proportion of the labor force that is not currently employed but are…

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: What is the link between recession and the variation in unemployment?

A: Recession: During the recession period, the level of economic activities declined. During the period…

Q: What term describes the remaining level of unemployment that occurs even when the economy is…

A: If the economy is healthy and still have unemployment, then this term is described by natural…

Q: What can be done to decrease unemployment rates?

A: The unemployment rate is derived by dividing the total number of people in the labour force by the…

Q: Consider a country with 300 million residents, a labor force of 150 million, and 10 million…

A: We have a total population of 300 million in which 150 million are in the labor force in which 140…

Q: e that the unemployment rate is 5%, the total working age population is 200 million, and the number…

A: Labor force equals employed plus unemployed

Q: Which type of unemployment is experienced by a person who is simply out of work, is actively seeking…

A: If person is not having job,and is looking for job;it would be known as frictional unemployment.

Q: Explain just two type of unemployment by giving examples

A: The economy mainly faces some type of unemployment can be listed as follows.   Structural…

Q: If the labor force of 160 million people is growing by 1.2 percent this year, how many new jobs have…

A: Unemployment: It is the situation when people have the ability and willingness to work but do not…

Q: n the beginning of a recovery after a recession, employment begins to rise and the news media report…

A: The term labour force is defined as that part of the population which is actively searching for…

Q: If the labor force of 160 million people is growing by 2.6 percent this year, how many new jobs have…

A: Given: The labor force is = 160 million Growing at a rate of = 2.6% To Find: The new jobs to be…

Q: Full employment means which of the following is zero: O frictional unemployment O cyclical…

A: Full employment is a economic situation when whosoever is willing to work are employed. Which shows…

Q: Under what condition would an increase in the unemployment rate be a positive sign?

A: Answer: Frictional unemployment is a temporary phenomenon, which is caused due to cyclical economic…

Q: When would you expect cyclical unemployment to be rising? Falling?

A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…

Q: There is no cyclical unemployment. There is zero unemployment.

A: An economy in which the rate of unemployment equals the rate of inflation being non-accelerating of…

Q: Differentiate between the unemployment rate and the natural unemployment rate as the economy…

A: Unemployment: Unemployment in an economic state where an individual who is willing and able to work…

Q: Explain any two causes of unemployment in the economy!

A: According to the given question In Simple words we can say that unemployment is generally known to…

Q: When an economy experiences semihidden unemployment,

A: OPTIONS OTHER THEN B WRONG BECAUSE Semihidden unemployment happens when individuals are not included…

Q: If the labor force of 165 million people is growing by 1.6% this year, how many new jobs have to be…

A: Given: Labor force=165 million Growth this year=1.6%