Would you expect hidden unemployment to be higher, lower, or about the same when the unemployment rate is high, say 10%, versus low, say 4%? Explain.

Q: Suppose that half of those officially counted as unemployed become discouraged and drop out of the…

A: Unemployed people in the city = 150,000. Size of labour force= 220000+80000+150000= 450000…

Q: Suppose that the unemployment rate is 10%, the total working age population is 100 million, and the…

A: Solving question.below

Q: When the following events happen, does the unemployment rate rise, fall, or stay the same? Briefly…

A: The unemployment rate is the proportion of employed people who are also unemployed in a given…

Q: Frictional unemployment is inevitable simply because the economy is always changing.” Do you agree…

A: Unemployment occurs in economics when people are out of work while actively looking for work. The…

Q: How will the following changes affect the natural rate of unemployment? Specifically, do they…

A: Unemployment refers to individuals who are in turn employable and are also actively seeking for a…

Q: : This economy is not currently at its natural rate of unemployment.

A: Natural rate of unemployment refers to the unemployment existing in the economy regardless of the…

Q: Explain whether below events increases, decreases, or has no effect on the unemployment rate and the…

A: Unemployment rate (UR) = Number unemployed / Labor force (LF) labor force participation rate (LFPR)…

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: Is it reasonable to expect the unemployment rate to fall to zero and economy? what is the…

A: In an economy it is quite unreasonable the expect the unemployment rate to fall to zero.

Q: What is meant by the full employment or the natural rate of unemployment? Which type of unemployment…

A: In an economy, unemployment refers to the situation when labor supplied exceeds labor demand in the…

Q: Does the duration of unemployment matters? Explain your answer.

A: Unemployment in the economy occurs when an individual capable of working and possess the skills to…

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

A: Labor-force: all the individuals of the working-age group either they are employed or job-seekers /…

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: The table gives information reported by the Bureau of Labor Statistics for April, 2016. What is the…

A:

Q: f the number of people in the labor force is 170 million and 155 million people are employed, then…

A: labor force = employed + unemployed thus unemployed= 170-155 mn = 15 million

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: How do frictional unemployment characteristics affect the natural rate of unemployment?

A: Unemployment does not help the economy to grow and prosper. As a result of increase in the rate of…

Q: If some employed workers exit the labor force, the unemployment rate will be ______

A: The unemployment rate is a portion of the unemployed of the labor force. The labor force is a sum of…

Q: Is it feasible for both the number of employed individuals in the economy and the unemployment rate…

A: Total Labor Force consists of both employed and unemployed.  Unemployment Rate = Total Unemployed /…

Q: Government statisticians have estimated that . frictional unemployment is 3.5%; and structural…

A: Natural Rate of Unemployment = Frictional Unemployment + Structural Unemployment It is defined as…

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

A: The unemployment rate refers to the percent of unemployed people in the labor force.  Unemployed…

Q: (Measuring Unemployment) Suppose that the U.S. noninstitutional adult population is 230 million and…

A: Unemployment refers to the people who are willing to work and actively seeking a job opportunity but…

Q: the equation used to calculate the unemployment rate. State the different types of unemployment. In…

A:

Q: How does obtaining a college or trades education in an occupation that is in demand and pays well…

A: Obtaining a college or trade education in a career that is in demand and pays well helps to boost…

Q: List and define the three types of unemployment. And give an example of each of them. What is the…

A: 1) Definition: Unemployment occurs when a person who is actively searching for employment unable to…

Q: How has the official unemployment rate been criticized for overestimating and underestimating…

A: The official unemployment statistic is frequently chastised for underreporting and exaggerating the…

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: Q.1.4 Out of 20 million people in the population, 9 million people are in the labour force and 3…

A: Definition: Unemployment: Unemployment occurs when a person who is a part of the labor force…

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: If a discouraged worker reenters the labor force and begins searching for jobs but doesn't find one,…

A: Labor force is the sum of the employed people and unemployed people who are actively seeking for job…

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: Unemployment rates have been higher in many European countries in recent decades than in the United…

A: Unemployment is the situation when people actively searching for work but unable to find the work.…

Q: Decide whether each of the following are frictional, structural, or cyclical unemployment: The…

A: Unemployment caused by lay-off due to business cycle recession is Cyclical unemployment.

Q: Q30 Which of the following will cause an increase in the natural rate of unemployment? Select one:…

A: There are two variables related to job. Employment and unemployment. Employment is very important…

Q: Give a clear definition of unemployment and how and why it rises and declines in the economy.

A: Unemployment occurs in an economy when the workers who are willing and able to work cannot find…