When the economy hit the bottom in 1933: O the national output was one third lower than it had been in August 1929 there was about 25% unemployment O there was large scale homelessness O all of the above

Q: • Vicki works part - time at Bainen Press to help pay her college tuition. Vicki would be classified…

A: Given that Vicki works part-time to help pay her college tuition. This implies she is a full-time…

Q: Regarding unemployment, it is correct to say that: O a. Discouraged individuals are those officially…

A: Unemployment occurs when an individual is looking for a job/work and is unable to find one.

Q: Inflation Unemployment If the Phillip curve shows that unemployment is low and inflation is high in…

A: Philips curve is a curve that shows inverse relationship between unemployment and inflation. If…

Q: Pls help to solve below homwork, if you need any more details pls reply. In Zimbabwe the rate of…

A: Definition: In financial matters, expansion alludes to a concurrent moderate expansion in all costs…

Q: In the long-run, technological change has generally led to O little to no change in the natural rate…

A: Technology changes help in producing more output with the available resources. Thus less expensive…

Q: The inflation tax refers to Select one: O a. higher inflation which requires more frequent price…

A: Meaning of Inflation: The term inflation refers to the situation under which there is an excessive…

Q: Reductions in employment in the U.S. auto industry caused by the increased adoption of new…

A: Unemployment refers to individuals who are able and willing to work but are still unable to find…

Q: Suppose there are 180 million employed people and 20 million unemployed реople. a. What is the…

A: A) By using the information, we calculate the unemployment rate  Unemployment Rate Calculated as,…

Q: (c) What is meant by zero unemployment? (d) Is 'zero unemployment' desirable? Explain

A: c) Full employment is a concept in which anyone who is willing and capable of working will find a…

Q: Unemployment generally during recessions and during expansions. Select one: O a. falls; falls O b.…

A: Answer Explanation Unemployment increases during recession and decreases during expansion. In…

Q: A. What is the equilibrium wage for retail associates? How many associates are employed at the…

A: The quantity of labor that employers seek to hire at a given wage rate during a given span of time…

Q: пypothe ite in Year Real GDP Potontal GDP Natural Unenployment Rate(5) Actual Unemployment 2012…

A: Okun's law => Y - Y*/Y* × 100  => -2(U - U* ) Here, Y = Real GDP Y* = Potential GDP U = Actual…

Q: The phase of the business cycle where economic activity is decreasing is called a) peak. O b)…

A: "Business cycles are a type of fluctuation found in the aggregate economic activity of nations.A…

Q: There always has to be some unemployment, because O there are always some people changing jobs, and…

A: Unemployment means people are unemployed because they are looking for a job. It means they try to…

Q: Which type of unemployment is experienced by an individual who has just finished completing his…

A: Frictional unemployment arises when a college graduate enters labor force, looking for a job.…

Q: Ceteris paribus, if Anna, who is 21 and who has never before been in the labor market, enters the…

A: The unemployment is a situation when people age between 21 to 64 who are looking for job but cannot…

Q: The labor-force participation rate measures the percentage of the Selectati respunsul corect O labor…

A: Unemployment is the situation where people does not find a job even when they are willing and able…

Q: Question 34 Structural unemployment is Oa) unemployment caused by changes in the industrial makeup…

A: The situation which depicts that people who are in turn employable are not able to find jobs as per…

Q: Suppose you find yourself laid off from your current job, and the best advice your economist gives…

A: Unemployment is a situation referring to individuals who are able to work and actively seeking a job…

Q: On January 1st 2019, South Africans first-ever national minimum wage came into effect.the…

A: 1. Considering S to be Supply here in the question With the introduction of first-ever national…

Q: 2. In 2016, there were approximately 159.2 million people in the labor force and the unemployment…

A: here we calculate the number of unemployed by using the given data which are as follow -

Q: Suppose that Erin currently receives Social Security payments and will continue to receive them next…

A: Given value: The consumer price index or CPI = 2.3%

Q: When the price level the inflation rate A. rises rapidly; increases O B. falls; is zero O C. rises…

A: The inflation rate is the percentage change in the average level of prices  over a period of time.

Q: How would itaffect the unemployment atethe Bureau of Labor Statistics counted asunenployed boh…

A: Workers who want to work and looking for work but unable to find job, are known as unemployed…

Q: Question 45 Websites, such as Monster.com, which feature job listings and allow individuals to…

A: In an economy, different types of unemployment arises due to different market conditions, such as…

Q: Suppose statistics show that the number of employed workers has increased in Economy A, but the…

A: Unemployment rate is given as  UR= (Number of unemployed/ total labor force)*100 Total labor force =…

Q: Wariable Labour force participation rate (percentage) Working-age population Employment rate…

A: Unemployment refers to the situation in which the individuals are seeking a job but unable to find…

Q: Historically, what are the highest and lowest unemployment rates in our Histor

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: The graph in figure 1.34 shows the unemployment percentage U= U(d) in the United States in year d.…

A: The unemployment rate is the ratio of the total number of people who are willing and able to work…

Q: Which of the following will decrease potential real GDP? Select one: O a. A decrease in the natural…

A: Real gross domestic product (real GDP) is an inflation-adjusted measure that reflects the value of…

Q: Unemployment could cause this economy to produce at which point(s)?

A: Unemployment: - unemployment is that portion of the labor force that is able to do work and looking…

Q: A dozen eggs cost $0.88 in January 1980 and $2.11in January 2015. The average wage for…

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Economists use the Consumer Price Wholesale Price Asset Price Primary Producer The phase is a period…

A: The pace at which prices continue to rise over a certain amount of time is referred to as…

Q: t causes the high unemployment rate in south Africa?

A: South Africa is a country located in the southern part of the African continent. It stands at the…

Q: Structural unemployment is sometimes said toresult from a mismatch between the job skills…

A: Structural unemployment refers to a mismatch between the skill levels of the unemployed and jobs…

Q: Unemployment that occurs from fundamental technological changes in the production, or from the…

A: Answer is option a) Structural Unemployment    Structural unemployment is a kind of unemployment…

Q: Between January 20JO and Janual'}• 2016, U.S.employment increased by 12.1 million workers, butthe…

A: The unemployment rate is the number of people who are unemployed as a percentage of the total…

Q: vorkers and firms agree on an increase in wages based on their expectations of inflation and…

A: When the workers and firms agree on an increase in wages based on their expectations of inflation…

Q: Hector lost his job as an assembly line worker at Chrysler due to the recession. Hector is, Select…

A: Unemployment is the situation when a person willing to do a job is unable to find that.

Q: How would an increase in the world price of oil affect the amount oI fricnal unemployment? Is this…

A: Frictional employment is the temporary transitions like moving from one place to another in the town…

Q: Vhen the actual unemployment rate is kely to fall below the natural rate of inemployment, we can…

A: Natural rate of unemployment refers to such unemployment rate that exist when the economy is in full…

Q: LFind the national unemployment rate for June 2021: - you must know this rate for the Final Exam Has…

A: The unemployment rate refers to the fraction of the labor force that remains unemployed. The total…

Q: A macroeconomist would study O the price changes at K-Mart. O the cost problems at several airlines.…

A: Macroeconomics study the economy as a whole. It studies the different aspects that can affect the…

Q: The prices of electronic devices shown in the image has gone high due to its demand and lack of…

A: In the given figure, it can be seen that the price of the electronic device increases in the market…

Q: According to Okun's Law, if the annual growth rate of real GDP is 2.5 percent, the unemployment rate…

A: In the United States, Okun's law is used to analyze the relationship between unemployment rate and…

Q: Question 31 An economic downturn can lead mainly to which type of unemployment? a) structural O b)…

A: Unemployment: Unemployment is a state of affairs in which all people who are actively looking for…

Q: Which statement correct describes the U.S. unemployment rate? The U.S. unemployment rate A. is…

A: Unemployment rate gives an account on people who are jobless in an economy.

Q: Business Economics Quiz: Week 5 Quiz This Question  5 of 20 (11 complete) The unemployment rate O A.…

A: Unemployed are those who falls in working age bracket, are able and willing to work at the going…