Chapter 21: Q 17. (page 524)
Are U.S. unemployment rates typically higher, lower, or about the same as unemployment rates in other high-income countries?
Short Answer
This depends on the country to which the US is compared.
Chapter 21: Q 17. (page 524)
Are U.S. unemployment rates typically higher, lower, or about the same as unemployment rates in other high-income countries?
This depends on the country to which the US is compared.
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Are U.S. unemployment rates distributed evenly
across the population?
Name and explain some of the reasons why wages are likely to be sticky, especially in downward adjustments.
Is the higher unemployment rates for minority workers necessarily an indication of discrimination? What could be some other reasons for the higher unemployment rate?
Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9 million (of whom 139.1 million are employed). How many people are “not in the labor force?” What are the proportions of employed, unemployed and not in the labor force in the population? Hint: Proportions are percentages.
After several years of economic growth, would you expect the unemployment in an economy to be mainly cyclical or mainly due to the natural rate of unemployment? Why?
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