Chapter 8: Q 25 (page 214)
Would you expect the natural rate of
unemployment to remain the same within one country over the long run of several decades?
Short Answer
Generally, natural rate of unemployment remains same overtime.
Chapter 8: Q 25 (page 214)
Would you expect the natural rate of
unemployment to remain the same within one country over the long run of several decades?
Generally, natural rate of unemployment remains same overtime.
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Get started for freeWould you expect hidden unemployment to be higher, lower, or about the same when the unemployment rate is high, say 10%, versus low, say 4%? Explain.
What is structural unemployment? Give examples of structural unemployment.
Under what condition would a decrease in
unemployment be bad for the economy?
Many college students graduate from college before they have found a job. When graduates begin to look for a
job, they are counted as what category of unemployed?
Assess whether the following would be counted as “unemployed” in the Current Employment Statistics survey.
a. A husband willingly stays home with children while his wife works.
b. A manufacturing worker whose factory just closed down.
c. A college student doing an unpaid summer internship.
d. A retiree.
e. Someone who has been out of work for two years but keeps looking for a job.
f. Someone who has been out of work for two months but isn’t looking for a job.
g. Someone who hates her present job and is actively looking for another one.
h. Someone who decides to take a part time job because she could not find a full time position.
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