Chapter 8: Q 39 (page 215)
Under what condition would an increase in the unemployment rate be a positive sign?
Short Answer
Unemployment rate depicts percentage of individuals unemployed in total labor force.
Chapter 8: Q 39 (page 215)
Under what condition would an increase in the unemployment rate be a positive sign?
Unemployment rate depicts percentage of individuals unemployed in total labor force.
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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.
As the baby boomer generation retires, what should happen to wages and employment? Can you show this graphically?
What are some of the problems with using the unemployment rate as an accurate measure of overall joblessness?
Why do you think that unemployment rates are lower for individuals with more education?
Would you expect the natural rate of
unemployment to remain the same within one country over the long run of several decades?
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