If there is no cyclical unemployment, the economy is said to be ______________.
at full employment
in the recovery phase of a business cycle
at the worker saturation point
at a trough in the business cycle
Key terms: *frictional unemployment *seasonal unemployment *structural unemployment *cyclical unemployment *census *unemployment rate *full employment *underemployed *discouraged worker 1. My cousin Harold is used to
could we ever achieve an unemployment rate below full employment? What problems might we encounter if it did? I'm not sure if I understand your question. To my knowledge, we can never achieve full employment in the United States.
The economy consists of the following: - working-age population: 20M - full time employment: 8M - part-time employment: 2M (1M of whom wish they had full-time jobs) - unemployment: 1M If 0.6M of those unemployed are frictionally,
Explain how it's possible for actual GDP to temporarily exceed full-employment GDP. "full-employment GDP" is a defined concept. Full employment does not mean 100% employment -- an economy has a "natural rate of unemployment" and
If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of
Does anyone know how to calculate the frictional rate of employment...given the following information... The structural unemployment rate of 2.8%, actual unemployment rate of 7% and cyclical unemployment is 2.0% I just need to
1. According to the data table below, what is the unemployment rate?: Total Population: 1,500 Population under 16 or institutionalised: 360 Not in the labor force: 450 Unemployed: 69 Workers with part-time work who want full-time:
Fill in the blanks. 1. Reason for unemployment: _____________________________ Type of uneployment: very low employment 2. Reason for unemployment: a healthy economy that is working properly Type of unemployment:
When the economy is at full employment, should the federal government run a budget deficit, surplus . Or neither? Explain. Remember WWII? The US was at full employment then...but the expenditures great. I am not and economics
When you spend $1 at the grocery store, the store doesn’t keep all of your money as profit. Some of it is reinvested in the economy when the grocery store buys more merchandise from suppliers. In turn, the suppliers don’t keep