Chapter 8: Q. 42 (page 215)
Is it desirable to pursue a goal of zero
unemployment? Why or why not?
Short Answer
No it's not desirable to pursue a goal of zero unemployment.
Chapter 8: Q. 42 (page 215)
Is it desirable to pursue a goal of zero
unemployment? Why or why not?
No it's not desirable to pursue a goal of zero unemployment.
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Get started for freeSuppose 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
Using the above data, what is the unemployment rate? These data are U.S. statistics from 2010. How does it compare to the February 2015 unemployment rate computed earlier?
Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a bad thing for a nation?
Are U.S. unemployment rates distributed evenly across the population?
As the baby boomer generation retires, what should happen to wages and employment? Can you show this graphically?
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