All else equal, if an employed worker retires from their job: O The unemployment rate rises and the labour force participation rate rises O The unemployment rate falls and the labour force participation rate falls O The unemployment rate rises and the labour force participation rate falls O Not enough information to answer the question O The unemployment rate falls and the labour force participation rate rises

All else equal, if an employed worker retires from their job: O The unemployment rate rises and the labour force participation rate rises O The unemployment rate falls and the labour force participation rate falls O The unemployment rate rises and the labour force participation rate falls O Not enough information to answer the question O The unemployment rate falls and the labour force participation rate rises

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 2P

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Similar questions

What is frictional unemployment? Give examples of frictional unemployment.
What happens to the labor force participation rate when employed individuals are reclassified as unemployed? What happens when they are reclassified as discouraged workers?
Assess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.
Suppose the unemployment rate increases. If at the same time we observe the labor force participation rate decreasing, we can conclude that The labor force participation rate is falling for a bad reason O The unemployment rate is increasing for a bad reason O The unemployment rate is increasing for a good reason O The labor force participation rate is falling for a good reason
Suppose the Australian government introduces a new generous unemployment benefit policy. Under this policy, those who lost their jobs will receive unemplayment payments equal to 85 percent of their previous wage for 12 months. How would this policy affect the unemployment rate in Australia? O Unemployment rate will increase due to higher structural unemployment O Unemployment rate will increase due to higher frictional unemployment O Unemployment rate will decrease as workers feel more financially secure in the event of job losses O Changes in unemployment benefits policies have no impact on the unemployment rate.
Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category? Select one: O a. Cambry, a full-time student O b. Carson, who has retired O c. All of the above are correct. O d. Eric, who is on temporary layoff
Question 26 3.7 points If the number of unemployed workers is 20 million, the number in the adult population is 500 million, and the unemployment rate is 8%, what is the labor force participation rate? Save Ar O a. 67.8% Ob.50.0% O. 60.0% Od.9.25%
Which one of the following persons would NOT be considered unemployed? Select one: O a. Mr John, actively looking for part-time work to supplement pension income O b. A construction worker who has given up looking for work after 18 months without a job. O c. An auto worker vacationing in Florida during the layoff period, before the production of new models begins next month. He does not know for sure whether he will be called back to work when this happens, and looked for a new job last week. O d. A college student actively searching for a summer job.
Refer to the information provided in Table 22.3 below to answer the question(s) that follow. Table 22.3 Employed Unemployed Not in the Labor Force 95,000 people 5,000 реоple 80,000 people Refer to Table 22.3. The unemployment rate is Lütfen birini seçin: O A. 6.25% ОВ 2.8%. OC 5.3%. OD 7.2% OE 5%.
What impact would indluding members of the military in employment, labor force, and working-age population statistics have on the unemployment rate and the labor foroe participation rate? OA. Including members of the military would reduce the unemployment rate and increase the labor force participation rate, OB. Including members of the military would increase the unemployment rate and reduce the labor force participation rate. OC. Including the military would reduce both the unemployment rate and the labor force participation rate. OP. Indudina the militarv wouid increase both the unemployment rate and the labor force participation rate.
Suppose that the number of jobs in the fishing industry decreases but the number of jobs in the travel industry increases. Initially Select one: O a. cyclical unemployment increases O b. frictional unemployment increases O . the economy remains at full employment O d. there is a shortage of workers in both sectors O e. structural unemployment increases
Consider an economy with 500 people in the labor force. At the beginning of every month, 5 people losetheir jobs and remain unemployed for exactly one month; one month later, they find new jobs andbecome employed. In addition, on January 1 of each year, 20 people lose their jobs and remainunemployed for six months before finding new jobs. Finally, on July 1 of each year, 20 people lose theirjobs and remain unemployed for 6 months before finding new jobs.1. What is the unemployment rate in this economy in a typical month?2. What fraction of unemployment spells lasts for one month? What fraction lasts for six months?3. What is the average duration of completed spell of unemployment?4. On a particular date, what fraction of the unemployed are suffering a long spell (six months) ofunemployment? plz solve part 4 ? Thanks.