Economics For Today
10th Edition
ISBN: 9781337613040
Author: Tucker
Publisher: Cengage Learning
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Question
Chapter 20.A, Problem 2SQ
To determine
The full-employment level of
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Students have asked these similar questions
The 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.
During a recession, the
Part 2
A.
cyclical rate of unemployment is positive.
B.
cyclical rate of unemployment is negative.
C.
cyclical rate of unemployment is zero.
D.
natural rate of unemployment has fallen.
EXPLAIN.....
In the long run, the unemployment rate is determined by ____.
the rate of cyclical unemployment
the rates of frictional and structural unemployment
the rate of structural unemployment
the rate of frictional unemployment
Chapter 20 Solutions
Economics For Today
Ch. 20.7 - Prob. 1YTECh. 20.A - Prob. 1SQPCh. 20.A - Prob. 2SQPCh. 20.A - Prob. 3SQPCh. 20.A - Prob. 4SQPCh. 20.A - Prob. 5SQPCh. 20.A - Prob. 6SQPCh. 20.A - Prob. 1SQCh. 20.A - Prob. 2SQCh. 20.A - Prob. 3SQ
Ch. 20.A - Prob. 4SQCh. 20.A - Prob. 5SQCh. 20.A - Prob. 6SQCh. 20.A - Prob. 7SQCh. 20.A - Prob. 8SQCh. 20.A - Prob. 9SQCh. 20.A - Prob. 10SQCh. 20.A - Prob. 11SQCh. 20.A - Prob. 12SQCh. 20.A - Prob. 13SQCh. 20.A - Prob. 14SQCh. 20.A - Prob. 15SQCh. 20.A - Prob. 16SQCh. 20.A - Prob. 17SQCh. 20.A - Prob. 18SQCh. 20.A - Prob. 19SQCh. 20.A - Prob. 20SQCh. 20 - Prob. 1SQPCh. 20 - Prob. 2SQPCh. 20 - Prob. 3SQPCh. 20 - Prob. 4SQPCh. 20 - Prob. 5SQPCh. 20 - Prob. 6SQPCh. 20 - Prob. 7SQPCh. 20 - Prob. 8SQPCh. 20 - Prob. 9SQPCh. 20 - Prob. 10SQPCh. 20 - Prob. 11SQPCh. 20 - Prob. 1SQCh. 20 - Prob. 2SQCh. 20 - Prob. 3SQCh. 20 - Prob. 4SQCh. 20 - Prob. 5SQCh. 20 - Prob. 6SQCh. 20 - Prob. 7SQCh. 20 - Prob. 8SQCh. 20 - Prob. 9SQCh. 20 - Prob. 10SQCh. 20 - Prob. 11SQCh. 20 - Prob. 12SQCh. 20 - Prob. 13SQCh. 20 - Prob. 14SQCh. 20 - Prob. 15SQCh. 20 - Prob. 16SQCh. 20 - Prob. 17SQCh. 20 - Prob. 18SQCh. 20 - Prob. 19SQCh. 20 - Prob. 20SQ
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- Frictional unemployment 5 bln people, Structural unemployment 5 bln people, Cyclical unemployment 10 bln people, Employed 200 bln peopleTotal population size 300 bln people, Potential GDP $3000 blnOkun’s coefficient is 2,5.a) How much is natural unemployment?b) How much is actual unemployment?c) Compute actual GDP and GDP gap.arrow_forwardIf the population of a country is 600,000 people, it's labor force consists of 400,000, and 20,000 people are unemployed, what is the unemployment rate? A) 30%B) 66%C) 5%D) None of the abovearrow_forwardThe type of unemployment that occurs because of a recessionis called: a)the natural rate ofunemployment. b)cyclicalunemployment. c)frictionalunemployment. d)seasonal unemployment.arrow_forward
- What type of unemployment might older workers be more prone to experience? Explain how the unemployment rate of older workers is influenced by the business cycle. Older workers are more prone to experience _______ unemployment. During a recession, the unemployment rate of older workers _______. A. structural; decreases B. natural; remains constant C. structural; increases D. frictional; decreasesarrow_forwardWhich statement correct describes the U.S. unemployment rate? The U.S. unemployment rate _______. A. shows a downward trend B. increases in recessions C. is calculated as the percentage of the labor force who are unemployed or discouraged D. is calculated as the percentage of the labor force who are unemployed or who are working part time and would like full-time workarrow_forward1. When the economy is at full employment, ----- is zero. A. unemployment B. cyclical unemploment • C.. the natural rate of unemployment D . frictional unemploymentarrow_forward
- How does the unemployment rate behave over the business cycle? The unemployment rate _______. A. remains relatively constant over the business cycle at an average of 5.7 percent B. equals 10 percent during a recession and falls to zero during an expansion C. rises during a recession and falls during an expansion D. equals 100 minus the employment-population ratio over the business cyclearrow_forwardThe 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 Carrow_forwardIn a country with a population of 70 million people, there are 30 million children under the age of 15 years, 20 million employed, 10 million pensioners, 7 million unemployed and looking for work. a) The unemployment rate according to the strict definition is 35 % b) The unemployment rate according to the expanded definition is 25.9 % c) The unemployment rate according to the strict definition is 10 % d) The unemployment rate according to the expanded definition is 33.3 %arrow_forward
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