Which of the following is consistent with the concept of full employment in the U.S? a)...
Which of the following is consistent with the concept of full
employment in the U.S?
a) 4-6% of the labor force is unemployed
b) 96-94% of the labor force is employed
c) cyclical unemployment is 0%
d) all of the above
e) none of the above
Homework Answers
The right option is C because at the level of full employment cyclical unemployment is zero as actual GDP is equal to the potential GDP which means the economy is utilizing all of its available resources efficiently.
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Which of the following is consistent with the concept of full
employment in the U.S?
a)...
21) The U.S. has full employment if unemployment is only the sum of: a) frictional and...
21) The U.S. has full employment if unemployment is only the sum of: a) frictional and structural unemployment b) frictional and cyclical unemployment c) structural and cyclical unemployment 22) Housewives/husbands are: a) included in the labor force b) unemployed c) excluded from the labor force d) necessarily considered "discouraged workers" 5) Consumer expectations that prices in the future will rise, will cause the demand curve to shift to the causing equilibrium price to ___and equilibrium quantity to a) right; rise;...
The unemployment rate that is consistent with "full employment" and the "natural rate of unemployment" is...
The unemployment rate that is consistent with "full employment" and the "natural rate of unemployment" is OA. zero OB. cyclical unemployment. ° C, the sum of the frictional rate and structural rate. OD, 4 percent.
Which of the following terms is used to describe the Labor Force as a % of...
Which of the following terms is used to describe the Labor Force as a % of the entire adult population? labor force participation rate frictional unemployment full employment cyclical unemployment If the MPC is .75, then which of the following would be a correct statement? consumers save 25% of an increase in income consumers will spend 75% of a pay increase consumption will increase by the amount of the MPC when income goes up all of the above are correct...
1. "Full employment" exists when the unemployment rate equals? a. zero b. the cyclical unemployment rate...
1. "Full employment" exists when the unemployment rate equals? a. zero b. the cyclical unemployment rate c. the structural unemployment rate d. the natural unemployment rate e. none of above 2. Which of the following is probably not true regarding unemployment in Europe? a. unemployment benefits tend to last longer than in the US b. unemployment benefits tend to replace a larger portion of one's salary than in the US c. structural unemployment is generally lower than in the US...
2. Which of the following statements is (are) correct? (x) Each adult included in the employment...
2. Which of the following statements is (are) correct? (x) Each adult included in the employment and unemployment statistics is classified as unemployed, employed, or not in the labor force. (y) In addition to the unemployment rate, the Bureau of Labor Statistics (BLS) produces other data on the adult population such as types of employment and length of the average workweek. (z) The Bureau of Labor Statistics (BLS) uses data collected from those applying for unemployment insurance to compute the...
be Employment/Business Cycles Assignment Chp.9 Use your textbook and lecture notes to answer the following questions...
be Employment/Business Cycles Assignment Chp.9 Use your textbook and lecture notes to answer the following questions The discussion question (1 and 2) must be a minimum of 2 paragraphs each, either typed (12 font) or written on a separate sheet of paper,f can't read your writing, please, type to receive full credit. 1. Discuss the worst economic times and the best economic times use economic terms. 2. Discuss the best periods of employment using a periodic time table. 3. Using...
6) in the U.S., which is not a specific stated goal of Government policies?: a) price...
6) in the U.S., which is not a specific stated goal of Government policies?: a) price stability b) full employment c) growth d) social well-being (welfare, or "happiness") 7) The unemployment rate is defined as: a) civilian labor force/civilian non-institutional population b) unemployed/civilian labor force 0) discouraged workers/civilian labor force d) none of the above , 8) The term "final goods" refers to: a) raw materials b) goods whose value has been adjusted for changes in the price level c)...
12) Assume the U.S. population is 300 million. If the working age population is 240 million,...
12) Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the size of the labor force? A. 150 million B. 240 million C. 144 million D. 156 million E. 300 million 13) The unemployment rate generally A. decreases; decreases _during recessions and generally . during expansions. B. increases; increases C. increases; decreases D. increases; does not change E. decreases; increases 14) Frictional unemployment...
2. Discouraged workers following statements correctly describe discouraged workers? (If none of the choices apply...
2. Discouraged workers following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all Which of the that apply. They have given up on looking for a job. They are dissatisfied with their current jobs and are e considering quitting. They are full-time workers who would like to work only part-time. They are counted as part of the labor force by the Bureau of Labor Statistics. The following table contains U.S....
The following table gives the joint probability distribution between employment status and college graduation among those...
The following table gives the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed) in the working-age U.S. Population for 2012. Unemployed (Y=0) Employed (Y=1) Total Non-college grads(X=0) 0.045 0.590 0.635 College grads(X=1) 0.015 0.350 0.365 Total 0.060 0.940 1.000 a. Compute E(Y). b. Compute E(X). c. Compute Var(Y). d. Compute Var(X). e. Compute Cov(X,Y). f. [Compute Corr(X,Y). g. The unemployment rate is the fraction of the labor force that is...
21) The U.S. has full employment if unemployment is only the sum of: a) frictional and structural unemployment b) frictional and cyclical unemployment c) structural and cyclical unemployment 22) Housewives/husbands are: a) included in the labor force b) unemployed c) excluded from the labor force d) necessarily considered "discouraged workers" 5) Consumer expectations that prices in the future will rise, will cause the demand curve to shift to the causing equilibrium price to ___and equilibrium quantity to a) right; rise;...
The unemployment rate that is consistent with "full employment" and the "natural rate of unemployment" is OA. zero OB. cyclical unemployment. ° C, the sum of the frictional rate and structural rate. OD, 4 percent.
be Employment/Business Cycles Assignment Chp.9 Use your textbook and lecture notes to answer the following questions The discussion question (1 and 2) must be a minimum of 2 paragraphs each, either typed (12 font) or written on a separate sheet of paper,f can't read your writing, please, type to receive full credit. 1. Discuss the worst economic times and the best economic times use economic terms. 2. Discuss the best periods of employment using a periodic time table. 3. Using...
12) Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the size of the labor force? A. 150 million B. 240 million C. 144 million D. 156 million E. 300 million 13) The unemployment rate generally A. decreases; decreases _during recessions and generally . during expansions. B. increases; increases C. increases; decreases D. increases; does not change E. decreases; increases 14) Frictional unemployment...
2. Discouraged workers following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all Which of the that apply. They have given up on looking for a job. They are dissatisfied with their current jobs and are e considering quitting. They are full-time workers who would like to work only part-time. They are counted as part of the labor force by the Bureau of Labor Statistics. The following table contains U.S....
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