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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Is the increase in labor force participation rates among women better thought of as causing an increase in cyclical unemployment or an increase in the natural rate of unemployment? Why?

To determine

Whether increased labor force participation rate among women is an increase in cyclical unemployment or natural rate of unemployment.

Explanation

Cyclical unemployment refers to unemployment that exists due to business cycles. In case of recession, there is higher unemployment. In times of boom, there is lower unemployment. Thus, the unemployment that is due to recession is called cyclical unemployment. Increase in labor force participation rate among women implies an increase in labor force...

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