Chapter 21: Q 18. (page 524)
Are U.S. unemployment rates distributed evenly
across the population?
Short Answer
No, the unemployment rate is not distributed evenly in the US economy.
Chapter 21: Q 18. (page 524)
Are U.S. unemployment rates distributed evenly
across the population?
No, the unemployment rate is not distributed evenly in the US economy.
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Get started for freeWhat happens to the unemployment rate when unemployed workers are reclassified as discouraged workers?
What term describes the remaining level of unemployment that occurs even when the economy is healthy?
Are U.S. unemployment rates typically higher, lower, or about the same as unemployment rates in other high-income countries?
The U.S. unemployment rate increased from 4.6%
in July 2001 to 5.9% by June 2002. Without studying the subject in any detail, would you expect that a change of this kind is more likely to be due to cyclical unemployment or a change in the natural rate of unemployment? Why?
Beginning in the 1970s and continuing for three decades, women entered the U.S. labor force in a big way. If we assume that wages are sticky in a downward direction, but that around 1970 the demand for labor equaled the supply of labor at the current wage rate, what do you imagine happened to the wage rate, employment, and unemployment as a result of increased labor force participation?
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