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- If some employed workers exit the labor force, the unemployment rate will be ______Cyclical unemployment -------is unemployment caused by a recession. As output (GDP) is increasing, the amount of cyclical unemployment would ▼-----------Give typing answer with explanation and conclusion Which of the following is true? Select one: Cyclical unemployment is always small and not important Frictional unemployment is usually short term and structural unemployment is usually long term Seasonal unemployment is usually large and significant Cyclical unemployment is usually short term and seasonal unemployment is usually long term
- Macroeconomics In countries with strong labor protections, ____ than countries with fewer employment protections. the natural rate of employment tends to be lower the natural rate of employment tends to be higher the cyclical rate of employment tends to be the higher the natural rate of employment tends to be the sameUnemployment Type Structural Frictional Cyclical Simone just graduated from college and is looking for a full-time position with an investment banking firm. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Ana. Rajiv recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional 3.1 Cyclical 0.0 Structural 0.9 Total unemployment 4.0 True or False: This economy is not currently at its natural rate of unemployment.EXPLAIN..... In the long run, the unemployment rate is determined by ____. the rate of cyclical unemployment the rates of frictional and structural unemployment the rate of structural unemployment the rate of frictional unemployment
- What is the macroeconomic cost of unemployment? social stress inflation national production decreases increased national debtMillions of Americans were unemployed in 2020 largely for ____________ reasons. The Wall Street Journal reports that many jobs, like daily hotel room cleaning, could be gone forever. The result could lead to _________ rates of _________ unemployment over time. Structural; higher; frictional Frictional; lower; structural Cyclical; higher; structural Natural; lower; cyclical Cyclical; higher; frictionalOn Coral Island in 2019, the labor force is 12,000, the unemployment rate is 10 percent, and the labor force participation rate is 60 percent. During 2020, the working-age population increased by 1,000, 200 unemployed people found jobs, but the labor force did not change. Calculate the working-age population, the unemployment rate, and the labor force participation rate at the end of 2020. At the end of 2020, the working-age population is _____ .
- How does the unemployment rate behave over the business cycle? The unemployment rate _______. A. remains relatively constant over the business cycle at an average of 5.7 percent B. equals 10 percent during a recession and falls to zero during an expansion C. rises during a recession and falls during an expansion D. equals 100 minus the employment-population ratio over the business cycleNo Plagirism Please! 15. Formulate reasons as to why a recession might occur. Then, hypothesize how total economic output and prices will behave in the years following the recession. 16. Explain the three main types of unemployment experienced within an economy. Provide at least one example demonstrating each type of unemploymentA worker who is laid off because his or her company chooses to move from Wisconsin to North Carolina is counted as ________ unemployment. frictional cyclical structural wait