Which of the following is most likely to be the best method pf reducing long-term structural unemployment? a) expansionary fiscal policy b) increasing the money supply c) increasing trade union powers d) better education and training

Which of the following is most likely to be the best method pf reducing long-term structural unemployment? a) expansionary fiscal policy b) increasing the money supply c) increasing trade union powers d) better education and training

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter16: Business Cycles And Unemployment

Section: Chapter Questions

Problem 6SQP

See similar textbooks

Related questions

Q: Assuming the equilibrium unemployment rate is 5%, if actual output falls to 5 percentage points…

Q: Using the economic data below, Which statement about unemployment is true? Year GDP in Billions GDP…

A: In an economy, GDP growth implies a situation when an economy produces or generated relatively more…

Q: ________ is considered as a part of microeconomic analysis. a. Analyzing the problem of inflation…

A: Macroeconomic analysis contains economic analysis, long term Macroeconomics projections, analysis of…

Q: Assume the following data for a country: Category Number of People (Millions) Total population…

A: Labor force includes employed as well as unemployed workers.

Q: If technological change increases structural unemployment, why do most governments and economists…

A: All types of technological change can cause substantial changes in the economy and it can cause…

Q: Which of the following statements is true? A) The Okun’s law describes the positive relationship…

A: Answer -

Q: 7 Structural Unemployment is possible due to all of the following factors except: Group of…

A: Structural Unemployment : It is a form of unemployment which is caused when the worker's skill and…

Q: The ultimate goal of macroeconomic policy is to: OA. Maintain a stable positive economic growth rate…

A: The goals of macroeconomics are maximizing the standard of living of an individual and attain…

Q: One policy based source of structural unemployment is retraining programs economic…

A: Unemployment refers to a situation when a person wants to work but he can not find a paid job.

Q: Suppose the unemployment rate is 8 percent and the natural unemployment rate is 6 percent. If…

A: Okun's Law depicts the relationship between the unemployment in the economy and the GDP.…

Q: Consider a simple model where workers can be either employed or unemployed. Suppose the labour force…

A: Steady state unemployment rate is s/(s+f) = 0.04/(0.04+0.36)= 0.1 Number of unemployed at steady…

Q: J 7 (1) Suppose that the mark-up of goods prices over marginal cost is 25% (0.25), and the wage…

A: The Phillips curve shows the inverse relationship between the inflation rate and the unemployment…

Q: e terminology “welfare state”? What was the increased role of government with the administration of…

A: The nature of state and its policies are dependent on the founders and principal ideology of members…

Q: Suppose that in an economy with production equal to the natural level, Y=A*N, Yn-5000, L=6250 and…

A: Production is equal to the natural level. i.e., Y = Yn If production is equal to the natural level,…

Q: Considering the wage-setting relation, which one of the following will definitely result in a…

A: The natural rate of unemployment, often known as natural unemployment, is the lowest rate of…

Q: According to the Bathtub labor market model, if unemployment rate is now at 12%, the separation rate…

A: Bathtub model presents an analogy between unemployment rate and a the amount of water bathtub.…

Q: What types of policy are most likely to affect the natural rate of unemployment? a) Active demand…

A: Inflation and employment are directly related to each other. With higher inflation there always…

Q: What changes in the guaranteed-jobs program might be made to fit your moral sensibilities about…

A: Guaranteed-jobs programs are run by the government to provide jobs to the peoples and ensure their…

Q: differences between the mainstream/New Keynesian and the Post-Keynesian theory of medium run…

A: New Keynesian Theory According to the New Keynesian Theory, prices and wages are closely related and…

Q: Let u be the unemployment rate at period t, u be the natural rate of unemployment, and Y be the…

A: Q11 The Okun's Law says that for every 1% rise in unemployment GDP declines by 2%. We can use the…

Q: This table shows the 2013 data for males and females aged 15 and over in the country of Bolivar. Not…

A: Answer 1. The correct answer is 240 million Total unemployment is 10 million. Total employment is is…

Q: If printing of money creates higher inflation, then why may underdeveloped nations print too much…

A: Printing more money decrease the value of money and so it creates the inflationary pressure in the…

Q: If the rate of separation is 10% and the rate of finding a job is 20%, then the equilibrium…

A: 1. With rate of separation(s) known and rate of finding a job(f) known: Rate of unemployement =…

Q: Categorize the reasons dealing with unemployment is different in low and middle income countries…

A: A high-income country, according to the World Bank, is one with a gross national income per capita…

Q: Jumana has just quit her job because she needed to move to Duqum. In which type of unemployment does…

A: The unemployment refers to a situation when a person who is willing and able to work fails to get…

Q: Suppose that the adult population in the country of Atlantis is 115 million. If 80 million people…

A: The Labour force is the toat number of people out of the total population who are eligible for doing…

Q: What is the effect of a structural boom on the labor market? A structural boom O A. creates new jobs…

A: Structural booms are the abrupt assumption for a future flood. production that leads anticipated…

Q: Through the basic equation of the labor market (L = E + U), prove that in a steady state the open…

A: Labor market basic equation L=E+U Here L=No. of workers in the labor force E=No. of employed…

Q: Suppose a hypothetical economy is in steady-state given by the formula: U/L %3D 1+ f/s If the…

A: A stable economy is designed to balance economic expansion and environmental stewardship. Production…

Q: Suppose that economy X is at the steady-state unemployment rate with a separation rate of 0.05 per…

A: In the steady-state level of unemployment, the unemployment rate will remain fixed. The unemployment…

Q: a) a 1% increase of the unemployment rate change leads to a 5.67% decrease of the real GDP growth…

A: The functional form of Okun's law n regression equation y=a+bx+e Where x denotes unemployment rate…

Q: Consider the Labor Market Graph above. This graph shows the labor market conditions in a…

A: Hi! Thanks for the question but as per the guidelines, we answer up to 3 parts at one time. Kindly…

Q: if perfectly competitive labour markets should naturally adjust with changes in capital investments?

A: Keynesian school of economics is the study of macroeconomics that prominently relies on output,…

Q: e of such a policy would affect the same outcomes in Turkey. c. If you were the policymaker, which…

A: a. The COVID - 19 induced recession which has revived a long term debate between competing…

Q: Which of the following is a possible source of structural unemployment? i. A lack of skills. ii. A…

A: Option (D).

Q: Consider a simple model where workers can be either employed or unemployed. Suppose the labour force…

A: job separation rate (s) = 2% job finding rate (f) = 38% Labor force (L) = 100 million -------------…

Q: Suppose gold and platinum miners announce their decision to permanently close their mines in the…

A: Answer is given below

Q: In the quantity theory, inflation does all of the adjusting. Recall that M* + v* = Inflation + real…

A: The inflation rate is an estimation of the ascent in cost of a good or service throughout some…

Q: Do you think structural unemployment is natural or not? Provide one real and one futuristic (just…

A: Answer - Structural Unemployment - Structural unemployment which caused due to shift in working…

Q: In Macroland, a country that operates according to Okun's law, potential GDP equals $10 trillion,…

A: We have the following information- Potential GDP (P*) = $10 trillion Actual Rate of unemployment…

Q: Consider the two-sector model of the labour market. In the first sector (the primary sector) unions…

A: The association that is being established for securing any improvements in labor conditions of…

Q: Video tape (millions per year) A D Fast food meals (millions per year) Which point in the figure…

A: Production possibility frontier shows different combinations of two goods that can be produced with…

Q: The labour market in an economy is characterised by the following equations: Wage setting: =…

A: Wage determination in the labour market is characterized by the WS equation. There is a negative…

Q: One reason structural unemployment exists is because of fluctuations in economic activity O it takes…

A: The unemployment refers to the situation when a person who is willing and able to work is unable to…

Question

Which of the following is most likely to be the best method pf reducing long-term structural unemployment?

a) expansionary fiscal policy

b) increasing the money supply

c) increasing trade union powers

d) better education and training

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Which of the following is most likely to be the best method pf reducing the natural rate of unemployment? a) increase money supply b) increase unemployment benefit c) increase information flows on job availability d) increase government expenditure
How do structural unemployment characteristics affect the natural rate of unemployment?
What impact does technological change have on unemployment? * In general but more focused on structural unemployment*
One application of structural unemployment is to a mismatch of skills: employers search for workers with one set of skills, and workers have another set of skills. Explain how this mismatch leads to unemployment in the short run but not in the long run.
Below are the direct consequences of unemployment EXCEPT? A) Decline in standard of living. B) Negative impact on government revenue. C) Reduction in real income. D) The social cost leads to social deprivation such as an increase in crime and divorce rate.
what are the strategies to address the issue of structural unemployment
Is each of the following situations an example of structural, frictional, or cyclical unemployment? (d) The 2008 financial crisis led to massive layoffs in the financial industry.(e) A number of Chad doctors, lawyers, and professors quit their jobs to seek work inagriculture.
Discuss natural unemployment and the factors influencing its level.
If technological change increases structural unemployment, why do most governments and economists encourage such change?
Present three major arguments of those who believe that IT will result in massive unemployment.
Which of the following statements regarding policy measures to reduce unemployment is/are correct? a) Additional employment opportunities can be created by increasing automated production of goods and services. b) Consumption and investment must be lowered by increasing taxes or interest rates. c) The population growth rate must be lowered.
Is it reasonable to expect the unemployment rate to fall to zero and economy? what is the relationship of frictional structural and cyclical unemployment to the full employment rate of unemployment or natural rate of unemployment