6.3
What is a characteristic of an economy at full employment?
All unemployment is frictional and structural
The type of unemployment that fluctuates over the business cycle is
Cyclical unemployment
Despite some optimism about the seeds of recovery, the Congressional budget office sees joblessness rising. The symbioses unemployment peaking at 10.4% next year for the average of 9.3% this year, before it falls to 9.1% 2011. Before the recession began, the US unemployment rate was about 6%. As a recession begins, firms quickly make playoffs. Is this rising unemployment most arise in fractional, structural, or cyclical unemployment? The resulting rice and unemployment is mostly a rise in __________ unemployment because __________.
Cyclical; it is related to the state of economy
A reduction in unemployment compensation will
Do you increase the amount of frictional unemployment
When the unemployment rate ______ The natural unemployment rate, real GDP ______ potential GDP
Is greater than; is less than
The unemployment rate _________ The natural unemployment rate, real GDP ________ potential GDP
Is listening; is greater than
The natural unemployment rate _________.
Is the unemployment rate when there is no cyclical unemployment
When the unemployment rate is _______ then the natural unemployment rate, cyclical unemployment is
Less; negative
Here for statements about the types of unemployment. Which of these statements is correct? 1. And unemployed textile worker in South Carolina who loses her job because of competition from China is an example of structural unemployment. This type of unemployment arises when changes in technology or international competition change the skills to perform jobs 2. And auto worker who loses his job because of a slow down in the economy is an example of cyclical unemployment. This type of unemployment increases during a recession and decreases during an expansion. 3. An auto worker who loses his job in a recession is an example of frictional unemployment. This type of an appointment arises from normal labor turnover. 4. And unemployed graduate researching for a first job is an example of structural unemployment. This type of an appointment rises from normal labor turnover
Statement wanted to a true; the others are false
Suppose that the number of jobs in the fishing industry decreases with the number of jobs in the travel industry increases. Initially, __________
Structural unemployment increases
When cyclical unemployment increases in other things remain the same, ___________
The natural unemployment rate does not change
What is a characteristic of an economy at full employment?
The unemployment rate equals the natural unemployment rate