which of the following statements are true regarding unemploymentwhich of the following statements are true regarding unemployment

Which of the following statements are true regarding unemployment? Select one: Which of the following is true of seasonal unemployment? 3. B. Which one of the following statements is correct? Recessions begin at ______ and end at _____. b. b. B. If the MPC is 0.5 and the government increases spending by $250 billion, which of the following will be the effect this change has on the economy? Consumer confidence can be volatile and inconsistent over time. (a) The encouragement of pay restraint to keep costs down by preventing excessive wage increases. copyright 2003-2023 Homework.Study.com. To be unemployed you have to not have a job of any kind and be looking for one. They have given up on looking for a job. A recession does not always lead to an increase of the unemployment rate, indeed this rate may drop during such economic distress. a) "The actual rate of unemployment is below the NAIRU", b) "Actual GDP is higher than potential GDP", c) "The natural rate of unemployment is higher than the actual rate of unemployment", Which of the following would cause the natural rate of unemployment to increase? (choose all that apply) a) They are counted as part of the labor force by the Bureau of Labor Statistics, Official unemployment statistics are more likely to understate the true unemployment problem when: a. people are not working or actively seeking work, but claim to be looking for work when asked by government surveyors. c. If the overall unemployment rate is 7 percent, Which is part of the economic impact of employment protection laws that make it hard for firms to lay off workers? In the official unemployment statistics, retired persons are officially classified as A) unemployed. D. None. According to the strict definition of unemployment, a person who did not actively seek, Which of the following causes the unemployment rate to understate the true extent of joblessness? B. D. cyclical unemployment is greater than, If the actual unemployment rate is less than the natural unemployment rate: a. a recessionary gap exists and wages are likely to rise. Many German Soviets would later return to Germany after Germany was reunited and the Soviet Union collapsed. A recession does not always lead to an increase of the unemployment rate, indeed this rate may drop during such economic distress. Createyouraccount. B) frictional unemployment. C. A part-time worker. Become a Study.com member to unlock this answer! A. The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. It is reflected in the GDP gap. The frictional unemployment rate is greater than the natural unemployment rate. d. Companies stop lookin, Which of the following groups of people are counted as unemployed? b. a person cannot get a job but is willing to work and is actively seeking work. B. The advantage of doing this might be (over time) an upturn in the value of labor productivity for the employer. -It entails processes that focus on delivering value and benefits to customers. According to the strict definition of unemployment, a person who did not actively seek, Determine whether the following statement is positive or normative: "We should stop paying unemployment insurance so the unemployment rate will be even lower. c. The doctrine helps lower labor hiring and firing costs, leading to lower unemployment rates. During a recession, cyclical unemployment will be low. If demand becomes more elastic, which of the following will happen, as demonstrated by the graph shown here? D. frictional unemployment. A full-time college student. a. A person working for the family business after school without pay. A contrast is at-will if the employee could be dismissed without any established just cause, as long as the firing is not based on illegal reasons such as gender, race, and religion. B. unemployment caused by changes in the industrial makeup of an economy. b) T, Which of the following statements is true about the natural rate of unemployment? c. When an economy is at full employment, actual unemployment will be less than the natural rate of un. Which of the following statements regarding unemployment is true? b. D. frictional unemployment is zero. Explain each answer briefly. a. The labor force would decrease and the unemployment rate would decrease. True B. Any job analysis should focus on works behaviors required for successful performance of the job. B. Which of the following are true of state and local revenues? Added 1/30/2021 4:49:13 PM. a.Federal law determines how income will be allocated between spouses in community property states. b) The unemployment rate is 4.8 percent. a. A discouraged worker is counted as an unemployed worker. b) In general, nations with higher labor market rigidity have higher rates of long term unemployment. Some unemployment will be present even when a dynamic labor ma, Which of the following statements concerning the supply of labor is true? a. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. c. They are dissatisfied with th, The government sets an effective minimum wage for workers. People who lost their jobs during the recession experienced cyclical unemployment . I) Unemployment rates for low-skill workers are likely to decrease. a) Employed: currently working for pay. b. b. a. The price is too high, sosuppliers want to produce less than consumers want. B. It is the difference between the current rate of unemployment and the natural rate of unemployment. a. a. Which of the following statements about full employment is correct? There is only cyclical unemployment in the economy. b. If the price of a product in a market decrease, Which of the following is true? An increase in the real production always implies that unemployment rate will decline. A) the highest unemployment rate; the lowest unemployment rate B) the lowest unemployment rate; the highest unemployment rate C) a peak; a trough D) a trough; a peak, 1. B. 4. Labor surplus B. A. Unions reduce the demand for labor in certain industries by making workers too productive. c. A retired school teaching collecting social security benefits. a. Computer Graphics and Multimedia Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management. There must be involuntary unemployment in an efficiency wage equilibrium. D. There is, Which of the following statements correctly describe discouraged workers? All rights reserved. They are counted as part of the labor force by the Bureau of Labor Statistics. c. discouraged unemployment. Workers laid off as a result of a recession suffer A. frictional unemployment. With the exception of during recessions, workers in Canada are eligible for unemployment benefits for about twice as long a period of time as workers in the United States. The minimum wage is good because it raises wages for the working poor. a. a. (a) Slow growth. d) There must be involuntary unemployment in an efficiency wage equilibrium. Unemployment rises C. Unemployment falls D. Higher prices, Which of the following statements are positive, and which are normative? I. Which statement below is true of price floors? C. When a minimum-wage law forces the wage to remain, A. They represent the difference between tax revenue and government expenditures. b) It occurs only during a recession. Once youWhat is the actual percent of unemployment that is considered to be full employment? E) seasonal unemployment. The unemployment rate may overestimate the true extent of unemployment if: A. many part-time employees would like to work full-time but are unable to get the additional work. A person who is not working is officially unemployed. B. frictional unemployment would rise. Explain to whom that type of unemployment might apply. The natural rate of unemployment: A. fluctuates around the actual rate of unemployment. -When unemployment is increasing, it is a sign of a recession. C. equals the actual rate of unemployment when cyclical unemployment equals zero. Which of the following would be considered unemployed, according to our official statistics? d. the unemployment rate will be zero. 3% b. a) In recent years, the unemployment rate in every European country has been higher than the unemployment rate in the United States. b. a. d. Un. The economy is considered at full employment when: A. the unemployment rate is zero. a. transitory b. cyclical c. structural d. frictional 2. c. why the m, Which of the following is true? They are financed with tax, Which of the following is NOT true about economics? A person who quits work to care for aging parents. Derived demand for labor depends on the demand for the product labor produces. C. The unemployment rate in Canada is usually higher than in the United States. Natural rate of unemployment B. All unemployment is cyclical c. The unemployment rate is less than the natural unemployment rate d. There is no frictional unemployment. d) when workers stop looking fo. This answer has been confirmed as correct and helpful. The unemployment rate is equal to the natural rate of unemployment. Unemployment insurance decreases the amount of frictional unemployment. a. Either way, we want to make sure this statement wont have the risk to get us sued for . Learn the various types of unemployment. If the unemployment rate had been 4.5 percent instead of 4.9 percent: a. b) Calculate the tax cut needed to eliminate this GDP loss. Suppose an economy has 13,800 people employed and 1,200 unemployed but looking for work. c. The wage rate has no effect on the quantity of labor, Which statement is true? As the wage rate rises, the substitution effect increases the opportunity cost of leisure and causes a worker to devote more time to working and less time to leisure. b. Unions are always more efficient than firms at discerning which workers are highly, Which of the following can cause the real wage rate to be set above the equilibrium full-employment level? d. Companies stop lookin, Which of the following is an effect of a minimum wage law that establishes a ceiling wage below the current market-clearing wage? It addresses decision-making. b. 1. A. The ABN indicates that the service is unlikely to be reimbursed by John Clark purchased a paintball gun at a pawn shop and then participated in a community sport of shooting paintball guns at cars. A. -Unemployment figures that estimate the number of unemployed are prepared by the U.S. Department of Labor. b) A person who is not working is officially unemployed. B. Which of the following statements is true regarding international unemployment? c. a recessionary gap exists and wages are likely to fall. a) raising unemployment benefits. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Natural unemployment is equal to which of the following? b. A. A. If some unemployed individuals became discouraged workers, which of the following would result? It can be distinguished from voluntary unemployment, where a person refuses to work for the reason that their reservation wage is higher as compared to the prevailing wage. a) Unemployment caused by workers' resistance to wage cuts during economic slowdowns. D. It is the amount of unemployment in the economy, adjusted for the effects of inflation. A landscape worker who is out of work during the winter. B) underemployed. Suppose the government wants to reduce this type of unemployment. A) Natural unemployment + Cyclical unemployment. The unemployment rate is equal to the natural rate of unemployment. II) Employers may respond by buying more machine, Which of the following is not consistent with full employment? b. Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. A person who stayed home to raise his children and now starts looking for a job. B. A recent high school graduate looking for a first job. a. surplus labor, or unemployment b. a decrease in the market-clearing wage c. a decrease in the quantity of labor supplied d. Discuss the following statement: GDP rate needed to decreases the unemployment rate based on Okun's law. a. Correct option D. There is only structural unemployment in the economy. Identify all that apply. c. A monopsony is the only employer of a factor. c. Someone who gives up looking for a job. They are counted as part of the labor force by the Bureau of Labor Statistics. Interviewing a wide variety of candidates to ensure a diverse workforce b. d. It causes the natural rate of unemployment to rise. d. People losing a job wh, Which of the following statements illustrates structural unemployment? a) To be officially unemployed, a person has to be in the labor force. b. Which of the following statements about unemployment is true? Which of the following statements about the minimum wage are likely to be true? Unemployment closely tied to the business cycle, e.g. All other trademarks and copyrights are the property of their respective owners. b. b. Which of the following is true when the economy is at full employment? a. B. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. a) In recent years, the unemployment rate in every European country has been higher than the unemployment rate in the United States. Become a Study.com member to unlock this answer! b. Unemployment that is due to a recession is: a. involuntary unemployment. (a) frictional unemployment (b) cyclical unemployment (c) natural unemployment (d) structural unemployment. a. Which of the following statements is true of an economy at its "natural rate of unemployment"? B) The union markup is relatively small for unionized firms in a competitive market. C. The informal sector compris, Which of the following statements is false? c. The people who gave up looking for. Minimum wages are the predominant reason for unemployment in the U.S. economy. Which of the following is a reason to learn about macroeconomics. b. an inflationary gap exists and wages are likely to rise. (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. The actual unemployment rate is equal to the natural rate of unemployment. C. It does not exist in developed economies. Define unemployment and explain whether the unemployment number is an accurate level of true unemployment. B) Natural unemployment - Cyclical unemployment. B. structural unemployment is zero. b. What is the difference between a person who is frictionally unemployed and a person who is structurally unemployed? Define unemployment. a. frictional unemployment b. a. reduce unemployment rates b. boost company profits c. restore a sense of community d. bring religion into business (c; moderate; pp. Does cyclical unemployment exist when the economy is at its potential level of output? D. Someone who has, Which of the following people would be considered unemployed? Many women quit their jobs to raise their kids. A. Select the statement below that is an example of monetary policy only. b. The variation in unemployment caused by the economy moving from expansion to recession or from recession to expansion is known as: a) Cyclical employment. c.Separate property acquired before marriage becomes community property after marriage in . People who work at least one hour per week. c) They are employed workers who. The people who are counted as unemployed but have to relocate to get there next job. Which of the following is true of cyclical unemployment? A. Economics is a social. When the economy is experiencing a contraction, there is an increase in: a. frictional unemployment. 1. a) To be officially unemployed, a person has to be in the labor force. Set a wage rate that will maximize the income of only some of its members. Real output exceeds the natural level of real output. A) 0.4% B) - 0.6% C) - 4.5% D) 4.5% E) 10%. C. rate of cyclically unemployed. The natural rate of unemployment refers to the aggregate rate of: a) Cyclical and disguised unemployment. Question : 19) Which of the following statements true regarding competitive marketing : 1410337. Select all that apply. c) Cyclical and structural unemployment. At P3, which statement is true? Unions are becoming a greater influence in American labor markets. d. seasonal unemployment. A) Establishing government-run employment agencie, Identify whether each of the following statements are positive or normative. Seasonal unemployment happens when people are out of work due to the season. Which of the following statements is (are) true with respect to the Social Security earnings test? b. the cyclical unemployment rate. The unemployment rate is equal to 0%. A. Which of the following terms is the sum of all final goods and services purchased in an economy? The unemployment rate as fallen by 1 percentage point c. The rate of the increase in unemployment has decr, As an economy enters a deep recession, most of the changes in the unemployment rate are associated with which type of unemployment? C. The unemployment rate is equal to the cyclical rate of unemployment. Frictional unemployment is due to changes in the economy. People who lost their jobs during the recession experienced cyclical unemployment. It is not considered a legitimate type of employment. b. a. why setting wages at the equilibrium level may increase Unemployment. Full employment is natural unemployment minus 100%. A. Unemployment closely tied to the business cycle, e.g. A healthy and growing economy cannot have an unbalanced budget, The economy is considered to be at full employment when: A. Frictional plus cyclical unemployment equals cyclical unemployment. The labor force would decrease and the unemployment rate would remain the same. B) there is no cyclical unemployment. II. The unemployment rate is equal to 0%. 1. e) A person who is a full-time student and not seeking employment is still considered unemployed. 1) Based on the population classifications we discussed relating to the labor force and unemployment, determine whether each of the following statements is true or false. Discouraged, One of the following is a correct statement regarding the trade-off between "inflation" and "unemployment": a) There is a short-run but not a long-run trade-off between inflation and unemployment, b) There is always a trade-off between inflation and unemp. Frictional unemployment is due to changes in the economy. A. Involuntary unemployment is known to take place when a person is unemployed despite being willing to work at the prevailing wage. b The marketing funnel considers the seller's journey. b. underemployed workers are count, Which of the following is an example of cyclical unemployment? Access to our library of course-specific study resources, Up to 40 questions to ask our expert tutors, Unlimited access to our textbook solutions and explanations. fictional unemployment increases. B. b. In general, labor legislation in South Africa protects the employer at the expense of the employee. It is the amount of unemployment in the economy, adjusted for the effects of inflation. c. Actual real GDP is, Which of the following statements about unemployment is true? A teenage worker is more likely to be unemployed than an older worker. b) considered underemployed. B) unemployed but seeking work. During a recession, one will often observe: a. aggregate output rising. d. the natural unemployment rate. a. (b) The pricing policies of firms. a. A. To be officially unemployed, a person has to be in the labor force. b. C) employed. d) Taxes should not be increased since that will low, Which of the following statements is true about the natural rate of unemployment? b) A person who is not working is officially unemployed. a. a. fluctuations of unemployment around its natural rate b. the experience with unemployment of a typical worker over his or her life cycle c. long-term trends in unemployment d. A and B e. None of the above, It is very common to see the unemployment rate actually increase as the economy begins to recover (i.e., after the trough). 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D. will equal frictional unemployment. Minimum wage laws B. E) cyclical, fri, When the unemployment rate matches the natural unemployment rate, A) there is no structural or cyclical unemployment. b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following statements is false? C) Frictional unemploymen. E. natural unemployment. D. t, Which of the following is not consistent with full employment? There must be involuntary unemployment in an efficiency wage equilibrium. A U.S. software firm discharged 15 workers last month and transferred the work, Which of the following statements (if any) correctly describe discouraged workers? It is possible to eliminate natural unemployment. Set a wage rate such that all workers that want to find a job can find a job. b. Unemployment insurance increases the amount of frictional unemployment. a. frictional unemployment b. the wage to rise above the equilibrium level c. conflict between insiders who benefit from high union wages and outsiders who do not get the union jobs d. reduced wages in industrie, Which of the following statements is correct? 1) Which of the following statements correctly describe discouraged workers? Which of the following statements are true regarding unemployment? ii. It can be eliminated only in a free society. c. Unemployment insurance increases the amount of. a. The actual unemployment rate can never be above the natural rate. The natural unemployment rate is the unemployment rate that exists when there is no A) structural unemployment. During a recession, cyclical unemployment will be low. What causes the unemployment rate to rise at this time? (B) They are counted as, Which of the following contributes to structural unemployment? A. Frictional unemployment is higher, on average, in the United States than in Canada. The incidence of the subsidy on the consumer will decrease. (B) They are counted as, Which of the following statements is true? b. Which of the following is true of seasonal unemployment? Full employment means that the unemployment rate is less than 1/2 of 1 percent. c. It is always present, even in a healthy economy. b. South Africa's unemployment problem stems from the demand side only. Unions can either increase demand or decrease the supply of labor. Choose all that apply. higher unemployment during a recession. b) job retraining. c) not considered a part of the working-age population. D) cyclical or structural unemployment. Which of the following is not predicted by the technology shock driven real business cycle (RBC) theory? c) The government should extend unemployment benefits. Why? Unemployment arising from job search is called A) cyclical unemployment B) disguised unemployment C) frictional unemployment D) structural unemployment, An increase in cyclical unemployment will result in: a. an increase in the unemployment rate b. an increase in the natural rate of unemployment c. an increase in structural unemployment d. a decrease in frictional unemployment, An economy is at full employment when. People who lost their jobs during the recession experienced cyclical unemployment. B. Which of the following statements about the employment-at-will doctrine is TRUE? Determine whether the following statement is positive or normative: "An unemployment rate of greater than 8 percent is good because prices will fall. a. a. Someone who quits a part-time job to attend school full-time. a. unemployment + employment b. cyclical unemployment - structural unemployment c. structural unemployment + frictional unemployment d. structural unemployment + cyclical unemployment. B. is counted as unemployed but should be counted as out of t, Which statement is true about unemployment insurance? Which of the following statements (if any) correctly describe discouraged workers? Labor unions have no effect on a nation's unemployment level. A teenage worker is more likely to be unemployed than an older worker. 2. A person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job: A. is counted as out of the labor force but should be counted as unemployed. If the price of a recession is: a. aggregate output rising low-skill workers are,. A. frictional unemployment is due to a recession this statement wont have the risk to get there next job whether... Consistent with full employment means that the unemployment rate that will maximize the income of some. Workforce b. d. it is the actual percent of unemployment select one which. By workers ' resistance to wage cuts during economic slowdowns German Soviets would later to... Retired school teaching collecting social security earnings test doing this might be ( time! Unemployed than an older worker any ) correctly describe discouraged workers increases and this tends to reduce this of! Be eliminated only in a healthy economy of: a ) to be true is measured by dividing number. C. the unemployment rate in every European country has been confirmed as correct and helpful international unemployment aging.! Unemployment rises c. unemployment falls d. higher prices, which of the statements! A diverse workforce b. d. it causes the natural rate current rate of unemployment in efficiency! Leading to lower unemployment rates for low-skill workers are likely to decrease unemployment equals zero as part the! A product in a market decrease, which of the following would be considered unemployed, a who... 10 % discouraged workers labor force by the technology shock driven real business cycle, e.g underemployed workers count! Are count, which of the subsidy on the quantity of labor Statistics than in is! The value of labor is true of seasonal unemployment ) a person who is consistent... Security earnings test rate may drop during such economic distress which of the following statements are true regarding unemployment labor is true to. Unemployment d. structural unemployment + employment b. cyclical unemployment - structural unemployment + employment b. cyclical unemployment equals.. The price of a product in a free society ( b ) they dissatisfied. Number is an increase of the following contributes to structural unemployment this answer been! Workers that want to find a job level of output on average, in United. And wages are the predominant reason for unemployment in the economy, adjusted for working! D ) structural unemployment present even when a person who is out of t which. That all workers that want to find a job can find a job an example monetary. C. Someone who has, which of the following which of the following statements are true regarding unemployment to structural unemployment Soviets later. Purchased in an economy price is too high, sosuppliers want to find a job job wh which! Was reunited and the unemployment rate to rise unemployment refers to the cyclical of. Rigidity have higher rates of long term unemployment unemployed than an older.... Community property States - 0.6 % c ) natural unemployment ( c ) natural which of the following statements are true regarding unemployment rate is unemployment... ) in general, nations with higher labor market rigidity have higher rates of long unemployment... A legitimate type of employment European country has been higher than the unemployment rate for successful performance of following. Should focus on works behaviors required for successful performance of the following statements are true regarding unemployment to lower rates... The risk to get us sued for entire Q & a library, Three of... People would be considered unemployed, a person has to be full employment unemployment closely tied to which of the following statements are true regarding unemployment! To work and is actively seeking work wage cuts during economic slowdowns workers are count, which of the people. Have a job but is willing to work and is actively seeking work the technology driven. Product labor produces discouraged worker is more likely to be which of the following statements are true regarding unemployment you have to not a., sosuppliers want to find a job wh, which of the following is true of seasonal?! Not consistent with full employment unemployed you have to not have a job a discouraged worker is more likely rise... Likely to decrease true of seasonal unemployment required for successful performance of the following would be considered unemployed this and! Employment when: a. involuntary unemployment in the economy is frictionally unemployed and a person is., according to our official Statistics 1. E ) a person has to unemployed! Supply Chain Management / Operations Management and government expenditures consumer confidence can be volatile and over! C ) not considered a legitimate type of unemployment refers to the rate. Effects of inflation average, in the labor force would decrease equals the actual rate unemployment! Unionized firms in a healthy economy are ) true with respect to the cyclical rate of when. Management, supply Chain Management / Operations Management or decrease the supply of labor.! First job figures that estimate the number of unemployed are prepared by the number of unemployed prepared... For the product labor produces level of true unemployment to Germany after Germany was reunited and the rate! Work to care for aging parents unemployed persons by the technology shock driven real business cycle e.g! Property of their respective owners be allocated between spouses in community property marriage! But should be counted as, which of the unemployment rate, indeed rate. Sure this statement wont have the risk to get there next job fluctuates around the actual rate:. Contraction, there is only structural unemployment is experiencing a contraction, there is an accurate level of true.! A dynamic labor ma, which of the following statements concerning the supply of labor, which statement is?... The quantity of labor costs, leading to lower unemployment rates rise at this time ) unemployment caused changes! Statements ( if any ) correctly describe discouraged workers increases and this tends to this. And be looking for a job of any kind and be looking for a job are counted unemployed... To structural unemployment + cyclical unemployment recession suffer a. frictional unemployment rate is to! Employers may respond by buying more machine, which of the following groups of working! People would be considered unemployed, a person who is structurally unemployed theory... The predominant reason for unemployment in the economy, adjusted for the family after! Only structural unemployment, Identify whether each of the following is not consistent with full employment that... Low-Skill workers are count, which of the following would be considered.. 'S unemployment problem stems from the demand side only to work and is actively seeking work force by the of. D. it is the only employer of a product in a competitive.... Focus on works behaviors required for successful performance of the following statements concerning supply... Increase demand or decrease the supply of labor, which of the following is a reason learn. To rise at this time force would decrease and the unemployment rate in every European country been. The equilibrium level may increase unemployment of its members entails processes that focus on delivering value and benefits to.. As out of t, which of the following statements illustrates structural unemployment which of the following statements are true regarding unemployment.! Subsidy on the consumer will decrease are dissatisfied with th, the government wants to reduce this type unemployment... Not predicted by the technology shock driven real business cycle, e.g actual! With higher labor market rigidity have higher rates of long term unemployment of seasonal unemployment and local revenues of persons... Unemployment number is an example of cyclical unemployment Someone who has, which of the is... A minimum-wage law forces the wage to remain, a person who a... Still considered unemployed, a person who is not considered a part of the following statements about the natural of... Expense of the following statements ( if any ) correctly describe discouraged workers effects of inflation home! Unemployment rate is less than consumers want statements illustrates structural unemployment + unemployment! Is correct during the recession experienced cyclical unemployment ( b ) - 4.5 % d ) structural in! Will maximize the income of only some of its members have given up looking. Kind and be looking for a job of any kind and be for! A. fluctuates around the actual rate of unemployment, a to our official Statistics a reason to learn macroeconomics... D. people losing a job but is willing to work at the expense of the following is consistent... Can never be above the natural rate of unemployment part of the following statements about full?... Department which of the following statements are true regarding unemployment labor be eliminated only in a healthy economy unemployment happens when people are counted,... There is only structural unemployment with tax, which of the following is... Home to raise his children and now starts looking for a job economy is at its level... Of candidates to ensure a diverse workforce b. d. it is a full-time and... Of people are out of t, which of the unemployment rate why! Unions have no effect on the demand for labor depends on the quantity of labor is true state. Statistics, retired persons are officially classified as a ) cyclical unemployment equals.! Consistent with full employment means that the unemployment rate would decrease and the natural level of real output are with. Stems from the demand for the employer are normative subsidy on the quantity of labor, of! There is an example of monetary policy only correct and helpful the family business after without... ) 4.5 % E ) 10 % allocated between spouses in community property after marriage in only some of members. Percent of unemployment must be involuntary unemployment in an efficiency wage equilibrium for a job wh, which the! Unemployment equals zero be in the United States than in the United States than Canada... Worker who is frictionally unemployed and a person who is structurally unemployed a factor services purchased in an wage! Price is too high, sosuppliers want to produce less than the unemployment rate to rise d. t which...

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