Question

question #36 homework help ?

for jobs, explain how the ni xplain how the number of jobs could decline he unemployment rate could fall at the same time. th 23. Would you expect hidden unemployment to be er lower, or about the same when the unemployment rate is high, say 10%, versus low, say 4%? Explain. 24. Is the higher unemployment rates for minority workers necessarily an indication of discrimination? What could be some other reasons for the higher unemployment rate? 35. While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other words, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time? 36. Why do you think that unemployment rates are lower for individuals with more education? 37. Do you think it is rational for workers to prefer sticky wages to wage cuts, when the consequence of sticky wages is unemployment for some workers? Why or why not? How do the reasons for sticky wages explained in this section apply to your argument?

Answer 1

36) it can actually be mentioned that unemployment rate should actually be lower for individuals who are having high education levels and this is because of the fact that the people with more education get to possess more skills and in this way they can get to obtain a route away from the competition with which they get to take up more jobs all in all.