Foundations of Economics - With MyEconLab
8th Edition
ISBN: 9780134641720
Author: BADE
Publisher: PEARSON
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Chapter 22, Problem 8SPPA
To determine
To explain:
The effect of shrinking energy sector, and an expanding manufacturing sector on the actual and natural
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Foundations of Economics - With MyEconLab
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- Assess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.arrow_forwardUnder what condition would an increase in the unemployment rate be a positive sign?arrow_forwardOver the long term, has the U.S. unemployment rate generally trended up, trended down, or remained at basically the same level?arrow_forward
- What type of unemployment (cyclical, frictional, or structural) applies to each of the following: landscapers laid off in response to a drop in new housing construction during a recession. coal miners laid off due to EPA regulations that shut down coal fired power a financial analyst who quits his/her job in Chicago and is pursing similar work in Arizona printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote an advertise their products. factory workers in the U.S. laid off as the plants shut down and move to Mexico and Ireland.arrow_forwardUnder what condition would a decrease in unemployment be bad for the economy?arrow_forwardWhat term describes the remaining level of unemployment that occurs even when the economy is healthy?arrow_forward
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