If the cyclical unemployment rate is negative, then the?
Q. If the cyclical unemployment rate is negative, then the ___. 1. natural unemployment rate is less than the actual unemployment rate in the economy. 2. natural unemployment rate is greater than the actual unemployment rate in the economy. 3. structural unemployment rate is greater than the frictional unemployment rate. 4. structural unemployment rate is less than the frictional unemployment rate. 5. a and d
Asked by Li L - Thu Oct 30 17:33:24 2008 - - 1 Answers - 0 Comments
A. 2. natural unemployment rate is greater than the actual unemployment rate in the economy.
Answered by Jurij-EU - Thu Oct 30 18:23:44 2008
Q. If the cyclical unemployment rate is negative, then the ___. 1. natural unemployment rate is less than the actual unemployment rate in the economy. 2. natural unemployment rate is greater than the actual unemployment rate in the economy. 3. structural unemployment rate is greater than the frictional unemployment rate. 4. structural unemployment rate is less than the frictional unemployment rate. 5. a and d
Asked by Li L - Thu Oct 30 17:33:24 2008 - - 1 Answers - 0 Comments
A. 2. natural unemployment rate is greater than the actual unemployment rate in the economy.
Answered by Jurij-EU - Thu Oct 30 18:23:44 2008
The cyclical rate of unemployment is:?
Q. A. The unemployment that occurs because it takes time for workers to search for jobs that suit their tastes and skills B. The minimum unemployment rate possible C. The normal rate of unemployment around which the unemployment rate fluctuates D. The deviation of the unemployment rate from its normal rate
Asked by masale - Fri Jul 25 15:26:51 2008 - - 1 Answers - 0 Comments
A. D. The deviation of the unemployment rate from its normal rate
Answered by Jurij-EU - Fri Jul 25 15:33:44 2008
Q. A. The unemployment that occurs because it takes time for workers to search for jobs that suit their tastes and skills B. The minimum unemployment rate possible C. The normal rate of unemployment around which the unemployment rate fluctuates D. The deviation of the unemployment rate from its normal rate
Asked by masale - Fri Jul 25 15:26:51 2008 - - 1 Answers - 0 Comments
A. D. The deviation of the unemployment rate from its normal rate
Answered by Jurij-EU - Fri Jul 25 15:33:44 2008
The unemployment rate in the absence of cyclical increases or decreases in the economy is known as?
Q. a)the natural rate of unemployment. b)the structural rate of unemployment. c)the absence unemployment rate. d)None of the above
Asked by Deeks - Sun Oct 11 14:41:08 2009 - - 1 Answers - 0 Comments
A. Its A, the NRU, though its sometimes call the structural unemployment rate as per: honestly, its a bad question
Answered by W R - Sun Oct 11 14:53:06 2009
Q. a)the natural rate of unemployment. b)the structural rate of unemployment. c)the absence unemployment rate. d)None of the above
Asked by Deeks - Sun Oct 11 14:41:08 2009 - - 1 Answers - 0 Comments
A. Its A, the NRU, though its sometimes call the structural unemployment rate as per: honestly, its a bad question
Answered by W R - Sun Oct 11 14:53:06 2009
Frictional, actual, natural, and cyclical unemployment rates?
Q. Here are the two questions. I am just asking for a formula or some help, not the answer. Look at the following data: The strucurall unemployment rate is 4%, the natural unemployment rate is 5% and the cyclical unemployment rate is 3%. The frictional unemployment rate is ___% and the actual unemployment rate is ___%. Look at the following data: The frictional unemployment rate is 2%, the structural unemployment rate is 3.5% and the actual unemployment rate is 9.5 %. The natural unemployment rate is ___ % and the cyclical unemployment rate is ___%.
Asked by Lyla - Thu Aug 6 18:21:50 2009 - - 1 Answers - 0 Comments
A. [1] S+F=NRU S=4% NRU=5% F=NRU-S=5%-4%=1% Frictional = 1% U=NRU+C C=3% U=5%+3%=8% Actual = 8% [2] S+F=NRU F=2% S=3.5% NRU=2%+3.5%=5.5% Natural Unempl = 5.5% U=NRU+C U=9.5% C=U-NRU=9.5%-5.5%=4% Cyclical = 4% Answ: [1] F=1% & U=8% [2] NRU=5.5% & C=4%
Answered by Jurij-EU - Thu Aug 6 19:03:37 2009
Q. Here are the two questions. I am just asking for a formula or some help, not the answer. Look at the following data: The strucurall unemployment rate is 4%, the natural unemployment rate is 5% and the cyclical unemployment rate is 3%. The frictional unemployment rate is ___% and the actual unemployment rate is ___%. Look at the following data: The frictional unemployment rate is 2%, the structural unemployment rate is 3.5% and the actual unemployment rate is 9.5 %. The natural unemployment rate is ___ % and the cyclical unemployment rate is ___%.
Asked by Lyla - Thu Aug 6 18:21:50 2009 - - 1 Answers - 0 Comments
A. [1] S+F=NRU S=4% NRU=5% F=NRU-S=5%-4%=1% Frictional = 1% U=NRU+C C=3% U=5%+3%=8% Actual = 8% [2] S+F=NRU F=2% S=3.5% NRU=2%+3.5%=5.5% Natural Unempl = 5.5% U=NRU+C U=9.5% C=U-NRU=9.5%-5.5%=4% Cyclical = 4% Answ: [1] F=1% & U=8% [2] NRU=5.5% & C=4%
Answered by Jurij-EU - Thu Aug 6 19:03:37 2009
Which of the following is synonymous with the natural rate of unemployment?
Q. Although fluctuations in the unemployment rate are an ever-changing phenomenon, the natural rate of unemployment fluctuates much less than the actual unemployment rate. In fact, factors that affect the actual unemployment rate might not affect the natural rate. a. The actual rate of unemployment B. Cyclical unemployment C. The average unemployment rate D. The non-accelerating inflation rate of unemployment
Asked by lumburg85 - Sun Dec 7 22:06:43 2008 - - 1 Answers - 0 Comments
A. C. The average unemployment rate Average=Natural, normal, usual
Answered by Magnun S - Sun Dec 7 22:14:06 2008
Q. Although fluctuations in the unemployment rate are an ever-changing phenomenon, the natural rate of unemployment fluctuates much less than the actual unemployment rate. In fact, factors that affect the actual unemployment rate might not affect the natural rate. a. The actual rate of unemployment B. Cyclical unemployment C. The average unemployment rate D. The non-accelerating inflation rate of unemployment
Asked by lumburg85 - Sun Dec 7 22:06:43 2008 - - 1 Answers - 0 Comments
A. C. The average unemployment rate Average=Natural, normal, usual
Answered by Magnun S - Sun Dec 7 22:14:06 2008
Economic-Cyclical unemployment question-thank you?
Q. If the cyclical unemployment rate is negative, then the ___. natural unemployment rate is less than the actual unemployment rate in the economy. natural unemployment rate is greater than the actual unemployment rate in the economy. structural unemployment rate is greater than the frictional unemployment rate. structural unemployment rate is less than the frictional unemployment rate. a and d
Asked by azn d - Fri Jul 25 15:41:32 2008 - - 1 Answers - 0 Comments
A. a) natural unemployment rate is less than the actual unemployment rate in the economy.
Answered by Jurij-EU - Fri Jul 25 15:49:58 2008
Q. If the cyclical unemployment rate is negative, then the ___. natural unemployment rate is less than the actual unemployment rate in the economy. natural unemployment rate is greater than the actual unemployment rate in the economy. structural unemployment rate is greater than the frictional unemployment rate. structural unemployment rate is less than the frictional unemployment rate. a and d
Asked by azn d - Fri Jul 25 15:41:32 2008 - - 1 Answers - 0 Comments
A. a) natural unemployment rate is less than the actual unemployment rate in the economy.
Answered by Jurij-EU - Fri Jul 25 15:49:58 2008
Economics help cyclical unemployment?
Q. The table below contains data from the Bureau of Economic Analysis (BEA) and the Congressional Budget Office (CBO) on real GDP, potential output, the unemployment rate, and the natural rate of unemployment in the United States from 1990 to 1999. Use the information in the table to answer the following question. (Note: The numbers in the table have been rounded and some values are missing.) Year Real GDP (Billions of chained 2000 dollars) Potential Output (Billions of chained 2000 dollars) Unemployment Rate Natural Rate of Unemployment 1990 $7,113 $7,110 ? 5.9% 1991 $7,101 $7,305 6.8% 5.8% 1992 $7,337 $7,493 7.5% 5.7% 1993 $7,533 $7,685 6.9% 5.5% 1994 $7,836 $7,892 6.1% 5.4% 1995 $8,032 $8,121 5.6% 5.3% 1996 $8,329 $8,371 5.4%… [cont.]
Asked by Jordan T - Mon Apr 6 18:02:13 2009 - - 1 Answers - 0 Comments
Q. The table below contains data from the Bureau of Economic Analysis (BEA) and the Congressional Budget Office (CBO) on real GDP, potential output, the unemployment rate, and the natural rate of unemployment in the United States from 1990 to 1999. Use the information in the table to answer the following question. (Note: The numbers in the table have been rounded and some values are missing.) Year Real GDP (Billions of chained 2000 dollars) Potential Output (Billions of chained 2000 dollars) Unemployment Rate Natural Rate of Unemployment 1990 $7,113 $7,110 ? 5.9% 1991 $7,101 $7,305 6.8% 5.8% 1992 $7,337 $7,493 7.5% 5.7% 1993 $7,533 $7,685 6.9% 5.5% 1994 $7,836 $7,892 6.1% 5.4% 1995 $8,032 $8,121 5.6% 5.3% 1996 $8,329 $8,371 5.4%… [cont.]
Asked by Jordan T - Mon Apr 6 18:02:13 2009 - - 1 Answers - 0 Comments
Suppose the natural rate of unemployment is believed to be 5.8%. If actual unemployment at the time is 6.2%,?
Q. Suppose the natural rate of unemployment is believed to be 5.8%. If actual unemployment at the time is 6.2%, it follows that (a) cyclical unemployment is zero. (b) structural unemployment is 0.4% of the labor force. (c) cyclical unemployment is 6.2% of the labor force. (d) cyclical unemployment is 0.4% of the labor force.
Asked by matty g - Wed Feb 28 16:58:32 2007 - - 1 Answers - 0 Comments
A. d
Answered by unknown - Wed Feb 28 17:06:51 2007
Q. Suppose the natural rate of unemployment is believed to be 5.8%. If actual unemployment at the time is 6.2%, it follows that (a) cyclical unemployment is zero. (b) structural unemployment is 0.4% of the labor force. (c) cyclical unemployment is 6.2% of the labor force. (d) cyclical unemployment is 0.4% of the labor force.
Asked by matty g - Wed Feb 28 16:58:32 2007 - - 1 Answers - 0 Comments
A. d
Answered by unknown - Wed Feb 28 17:06:51 2007
Cyclical unemployment is:?
Q. Cyclical unemployment is: A. the unemployment that results when people retire or leave the labor force. B. the additional unemployment not captured in official statistics resulting from discouraged workers and the involuntary part-time workers. C. the extra unemployment that occurs during periods of recession. D. short-term unemployment that is associated with the process of matching workers with jobs. E. long-term and chronic unemployment that exists even when the economy is producing at a normal rate.
Asked by Maria J - Mon Jun 16 15:48:47 2008 - - 2 Answers - 0 Comments
A. C. the extra unemployment that occurs during periods of recession.
Answered by Jurij-EU - Mon Jun 16 15:54:39 2008
Q. Cyclical unemployment is: A. the unemployment that results when people retire or leave the labor force. B. the additional unemployment not captured in official statistics resulting from discouraged workers and the involuntary part-time workers. C. the extra unemployment that occurs during periods of recession. D. short-term unemployment that is associated with the process of matching workers with jobs. E. long-term and chronic unemployment that exists even when the economy is producing at a normal rate.
Asked by Maria J - Mon Jun 16 15:48:47 2008 - - 2 Answers - 0 Comments
A. C. the extra unemployment that occurs during periods of recession.
Answered by Jurij-EU - Mon Jun 16 15:54:39 2008
The percentage of the civilan labor force that is without jobs but actively seeking work is called?
Q. a the unemployment rate b the underground economy c the full employment rate d cyclical unemployment
Asked by danielrams07 - Thu Dec 28 10:30:06 2006 - - 2 Answers - 0 Comments
A. Come on, man, you could answer this one by flipping to the glossary of your econ textbook.
Answered by fundie hunter - Thu Dec 28 11:45:46 2006
Q. a the unemployment rate b the underground economy c the full employment rate d cyclical unemployment
Asked by danielrams07 - Thu Dec 28 10:30:06 2006 - - 2 Answers - 0 Comments
A. Come on, man, you could answer this one by flipping to the glossary of your econ textbook.
Answered by fundie hunter - Thu Dec 28 11:45:46 2006
Can Somebody Please Help with These Multiple Choice Economics Questions ASAP Please?
Q. 1. In which of the following industries or sectors of the economy is output likely to be most strongly affected by the business cycle? A) military goods B) capital goods C) textile products D) agricultural commodities 2. A recession is a period in which: A) cost-push inflation is present B) nominal domestic out falls. C) demand-pull inflation is present D) real domestic output falls. 4. If the unemployment rate is 9 percent and the natural rate of unemployment is 5 percent, then the: A) frictional unemployment rate is 5 percent B) cyclical unemployment rate and the frictional unemployment rate together are 5 percent. C) cyclical unemployment rate is 4 percent. D) natural rate of unemployment will eventually increase. 5. Supposet there… [cont.]
Asked by Steph - Mon Oct 6 16:30:18 2008 - - 1 Answers - 0 Comments
Q. 1. In which of the following industries or sectors of the economy is output likely to be most strongly affected by the business cycle? A) military goods B) capital goods C) textile products D) agricultural commodities 2. A recession is a period in which: A) cost-push inflation is present B) nominal domestic out falls. C) demand-pull inflation is present D) real domestic output falls. 4. If the unemployment rate is 9 percent and the natural rate of unemployment is 5 percent, then the: A) frictional unemployment rate is 5 percent B) cyclical unemployment rate and the frictional unemployment rate together are 5 percent. C) cyclical unemployment rate is 4 percent. D) natural rate of unemployment will eventually increase. 5. Supposet there… [cont.]
Asked by Steph - Mon Oct 6 16:30:18 2008 - - 1 Answers - 0 Comments
Need help solving this economics homework question.?
Q. The following table gives statistics on the labor force and total employment for nation B. (Numbers are in thousands) --- year 1 YEAR 2 labor force 84000 98675 employed 82320 90675 --- a. For Year 1, unemployment rate is ___. For Year 2, unemployment rate is ___. b. If the frictional unemployment rate is 1%, and the structural unemployment is 2% in this nation, what is the natural rate of unemployment rate for this nation ___ c. What is the cyclical unemployment rate in both years? Year 1 is ___ .Year 2 is ___. Which GDP gap is the economy in? Year 1 is in ___, Year 2 is in ___ d. What is the appropriate fiscal policy that the government should adopt in Year 1? ___ What are the 2 tools in… [cont.]
Asked by St... - Tue Aug 4 15:36:07 2009 - - 1 Answers - 0 Comments
Q. The following table gives statistics on the labor force and total employment for nation B. (Numbers are in thousands) --- year 1 YEAR 2 labor force 84000 98675 employed 82320 90675 --- a. For Year 1, unemployment rate is ___. For Year 2, unemployment rate is ___. b. If the frictional unemployment rate is 1%, and the structural unemployment is 2% in this nation, what is the natural rate of unemployment rate for this nation ___ c. What is the cyclical unemployment rate in both years? Year 1 is ___ .Year 2 is ___. Which GDP gap is the economy in? Year 1 is in ___, Year 2 is in ___ d. What is the appropriate fiscal policy that the government should adopt in Year 1? ___ What are the 2 tools in… [cont.]
Asked by St... - Tue Aug 4 15:36:07 2009 - - 1 Answers - 0 Comments
MacroEcon homework help!?
Q. 1. Based on the following data, compute (a) the unemployment rate, (b) the structural unemployment rate, (c) the cyclical unemployment rate. Frictional unemployment rate = 2 percent; Natural unemployment = 5 percent; Civilian labor force = 100 million; Number of employed persons = 82 million *I need to know you came up with the answers, not just the answers.
Asked by Preciosa - Fri May 30 12:07:25 2008 - - 1 Answers - 0 Comments
A. A (100-82)/100=18/100=18% B Since Fractional unemployyment=2% then Structural unemployment=Natural-Fric ational=5-2=3% C If we have natural trate=5% and real unemployment=18% then Cyclical unemployment=18-5=13%
Answered by Jurij-EU - Fri May 30 17:44:06 2008
Q. 1. Based on the following data, compute (a) the unemployment rate, (b) the structural unemployment rate, (c) the cyclical unemployment rate. Frictional unemployment rate = 2 percent; Natural unemployment = 5 percent; Civilian labor force = 100 million; Number of employed persons = 82 million *I need to know you came up with the answers, not just the answers.
Asked by Preciosa - Fri May 30 12:07:25 2008 - - 1 Answers - 0 Comments
A. A (100-82)/100=18/100=18% B Since Fractional unemployyment=2% then Structural unemployment=Natural-Fric ational=5-2=3% C If we have natural trate=5% and real unemployment=18% then Cyclical unemployment=18-5=13%
Answered by Jurij-EU - Fri May 30 17:44:06 2008
Oh Great Econ questions I cant answer. Please help.?
Q. True or False 1. An increase in interest rates will raise investment. 2. If the dollar depreciates, net exports will rise. 3. The frictional unemployment rate plus the cyclical unemployment rate equals natural unemployment rate. 4. If the economy is operating at natural unemployment rate, there is full employment. 5. The price level is the weighted average of the prices of all goods and services in the economy. 6. Real GDP is never measured in base-year prices. 7. The base year is the year in which prices are the lowest. 8. An entire business cycle is measured from expansion to trough. 9. The positive cyclical unemployment rate indicates a recession in the economy. 10. If the price level increases by 4% each year, the price… [cont.]
Asked by Cheeba - Mon Oct 26 20:39:04 2009 - - 1 Answers - 0 Comments
A. 1 false 2 true 3true unsure tho 4 true 5 false 6 false 7 false 8 false 9 true 10 false 11 true 12 false 13 false 14 false 15 false 16 true 17 true 18 true 19 unsure 20 unsure
Answered by BEN C - Mon Oct 26 20:53:02 2009
Q. True or False 1. An increase in interest rates will raise investment. 2. If the dollar depreciates, net exports will rise. 3. The frictional unemployment rate plus the cyclical unemployment rate equals natural unemployment rate. 4. If the economy is operating at natural unemployment rate, there is full employment. 5. The price level is the weighted average of the prices of all goods and services in the economy. 6. Real GDP is never measured in base-year prices. 7. The base year is the year in which prices are the lowest. 8. An entire business cycle is measured from expansion to trough. 9. The positive cyclical unemployment rate indicates a recession in the economy. 10. If the price level increases by 4% each year, the price… [cont.]
Asked by Cheeba - Mon Oct 26 20:39:04 2009 - - 1 Answers - 0 Comments
A. 1 false 2 true 3true unsure tho 4 true 5 false 6 false 7 false 8 false 9 true 10 false 11 true 12 false 13 false 14 false 15 false 16 true 17 true 18 true 19 unsure 20 unsure
Answered by BEN C - Mon Oct 26 20:53:02 2009
Macroeconomics Help please stuck on 1 problem of homework?
Q. I need to calculate the NATURAL rate of unemployment if the frictional rate is 2%, Structural rate is 2%, seasonal rate is 0.5%, and cyclical rate is 2%. Also need to know given the information above where is the economy operating relative to its potential GDP? Please explain how you would calculate this
Asked by Elan - Mon Nov 2 10:55:55 2009 - - 1 Answers - 0 Comments
A. Natural Rate of unN = Structural Rate + Frictional Rate Assuming it's potential GDP to be the level at which the economy hits full employment, then the economy will be operating at (all the values added up together for unemployment) below its potential GDP. Which is at 93.5% of its potential GDP.
Answered by DarkBurst - Mon Nov 2 11:21:32 2009
Q. I need to calculate the NATURAL rate of unemployment if the frictional rate is 2%, Structural rate is 2%, seasonal rate is 0.5%, and cyclical rate is 2%. Also need to know given the information above where is the economy operating relative to its potential GDP? Please explain how you would calculate this
Asked by Elan - Mon Nov 2 10:55:55 2009 - - 1 Answers - 0 Comments
A. Natural Rate of unN = Structural Rate + Frictional Rate Assuming it's potential GDP to be the level at which the economy hits full employment, then the economy will be operating at (all the values added up together for unemployment) below its potential GDP. Which is at 93.5% of its potential GDP.
Answered by DarkBurst - Mon Nov 2 11:21:32 2009
Economics Question Check Answers for me PLEASE !?
Q. Suppose the price level is 132, the quantity demanded of Real GDP is $4,000B, the quantity supplied of Real GDP in the short run is $4,000B, and the quantity supplied of Real GDP in the long run is $3,700B. The natural rate of unemployment for this economy is 5%. Is the economy in short-run equilibrium? What is the equilibrium level of Real GDP and Price? b. Is the economy in long-run equilibrium? Explain. c. If this economy in an inflationary or recessionary gap? What is the size of the gap? d. Is cyclical unemployment rate greater or less than zero? Explain. my answers: a. YES. Equlibrium Real GDP = $4000b Equilibrium Price = 132 b. No in long run not at equilibrium. Quantity Supplied is less than quanity demanded. c. Recession.… [cont.]
Asked by dip_d_chip - Thu Jun 25 21:58:11 2009 - - 1 Answers - 0 Comments
A. a b and c correct d unemployment always increases in a recession (less goods demanded so less to supply so less people to produce them)
Answered by im back - Mon Jun 29 13:52:55 2009
Q. Suppose the price level is 132, the quantity demanded of Real GDP is $4,000B, the quantity supplied of Real GDP in the short run is $4,000B, and the quantity supplied of Real GDP in the long run is $3,700B. The natural rate of unemployment for this economy is 5%. Is the economy in short-run equilibrium? What is the equilibrium level of Real GDP and Price? b. Is the economy in long-run equilibrium? Explain. c. If this economy in an inflationary or recessionary gap? What is the size of the gap? d. Is cyclical unemployment rate greater or less than zero? Explain. my answers: a. YES. Equlibrium Real GDP = $4000b Equilibrium Price = 132 b. No in long run not at equilibrium. Quantity Supplied is less than quanity demanded. c. Recession.… [cont.]
Asked by dip_d_chip - Thu Jun 25 21:58:11 2009 - - 1 Answers - 0 Comments
A. a b and c correct d unemployment always increases in a recession (less goods demanded so less to supply so less people to produce them)
Answered by im back - Mon Jun 29 13:52:55 2009
UNEMPLOYMENT HOMEWORK!? ! can anyone help me?
Q. Can anyone give me info or answer these questions on unemployment? - How does unemployment impact the economy? - What is the current rate of umemployment in Australia? - What was the umemployment rate in Australia 20 years ago? - What is the difference between Structural and Cyclical unemployment? thanks--- web sites about unemployment would help too!!! thanks heaps can you please help people!!! lol i really need help!
Asked by gabitha_22 - Sun Mar 11 18:07:55 2007 - - 1 Answers - 0 Comments
A. - How does unemployment impact the economy? High unemployment implies low real Gross Domestic Product - human resources are not being used as completely as possible and are thus wasting opportunities to produce goods and services. The economic health and real wealth of nations is closely tied to what can be produced and sold. Because the unemployed are lost from the world of production called deficient-demand or cyclical unemployment thus represents a profound form of inefficiency, sometimes called "Keynesian inefficiency." (However, this loss of production might instead be caused by classical unemployment or Marxian unemployment, which reduce potential output by restricting supply.) Okun's Law tells us that for the U.S., the… [cont.]
Answered by pieO - Mon Mar 12 11:22:04 2007
Q. Can anyone give me info or answer these questions on unemployment? - How does unemployment impact the economy? - What is the current rate of umemployment in Australia? - What was the umemployment rate in Australia 20 years ago? - What is the difference between Structural and Cyclical unemployment? thanks--- web sites about unemployment would help too!!! thanks heaps can you please help people!!! lol i really need help!
Asked by gabitha_22 - Sun Mar 11 18:07:55 2007 - - 1 Answers - 0 Comments
A. - How does unemployment impact the economy? High unemployment implies low real Gross Domestic Product - human resources are not being used as completely as possible and are thus wasting opportunities to produce goods and services. The economic health and real wealth of nations is closely tied to what can be produced and sold. Because the unemployed are lost from the world of production called deficient-demand or cyclical unemployment thus represents a profound form of inefficiency, sometimes called "Keynesian inefficiency." (However, this loss of production might instead be caused by classical unemployment or Marxian unemployment, which reduce potential output by restricting supply.) Okun's Law tells us that for the U.S., the… [cont.]
Answered by pieO - Mon Mar 12 11:22:04 2007
macro question want to verify is answer correct?
Q. Assume that in a particular year the natural rate of unemployment is 5 percent and the actual rate of unemployment is 9 percent. Use okuns law to determine the size of the GDP gap in percentage point terms? I got the answer 8 percent is that right? then if the potential GDP is 500 billion in that year, how much output is being forgone because of cyclical unemployment?
Asked by qtpie76868 - Fri Mar 6 01:25:56 2009 - - 1 Answers - 0 Comments
A. Okuns law is country and period specific. If we take approximate current annual US state then: (Y-Y*)/Y* = c(u-u ) u = 0.05 = 5% u = 0.09 = 9% (Y-Y*)/Y* = c(0.09-0.05) If we assume c=2, then: - Y/Y* = 2*0.04 = 0.08 = 8% + Y/Y* = -0.08 = -8% (negative gap - below full employment) Y* = 500 Y = -0.08 * 500 = -40 billion (lost due to cyclical unemployment) But anyway in reality this law isn't linear and many variables in it are very dynamic.
Answered by Jurij-EU - Tue Mar 10 00:54:11 2009
Q. Assume that in a particular year the natural rate of unemployment is 5 percent and the actual rate of unemployment is 9 percent. Use okuns law to determine the size of the GDP gap in percentage point terms? I got the answer 8 percent is that right? then if the potential GDP is 500 billion in that year, how much output is being forgone because of cyclical unemployment?
Asked by qtpie76868 - Fri Mar 6 01:25:56 2009 - - 1 Answers - 0 Comments
A. Okuns law is country and period specific. If we take approximate current annual US state then: (Y-Y*)/Y* = c(u-u ) u = 0.05 = 5% u = 0.09 = 9% (Y-Y*)/Y* = c(0.09-0.05) If we assume c=2, then: - Y/Y* = 2*0.04 = 0.08 = 8% + Y/Y* = -0.08 = -8% (negative gap - below full employment) Y* = 500 Y = -0.08 * 500 = -40 billion (lost due to cyclical unemployment) But anyway in reality this law isn't linear and many variables in it are very dynamic.
Answered by Jurij-EU - Tue Mar 10 00:54:11 2009
Economics - Unemployment?
Q. What types of unemployment are a part of the unemployment rate? The types I am given are structural, frictional, and cyclical.
Asked by BG - Mon Mar 17 19:43:06 2008 - - 2 Answers - 0 Comments
A. What is your question? Are those part of the unemployment rate? Yes those are all part of the unemployment rate. If you want to know what they mean then: just type into google: structural unemployment frictional unemployment cyclical unemployment Don't be lazy by asking others to do your econ homework. It's all in Wikipedia too. You live in the internet age so find stuff for yourself.
Answered by 8 - Mon Mar 17 19:54:20 2008
Q. What types of unemployment are a part of the unemployment rate? The types I am given are structural, frictional, and cyclical.
Asked by BG - Mon Mar 17 19:43:06 2008 - - 2 Answers - 0 Comments
A. What is your question? Are those part of the unemployment rate? Yes those are all part of the unemployment rate. If you want to know what they mean then: just type into google: structural unemployment frictional unemployment cyclical unemployment Don't be lazy by asking others to do your econ homework. It's all in Wikipedia too. You live in the internet age so find stuff for yourself.
Answered by 8 - Mon Mar 17 19:54:20 2008
how do i put these titles in order? brainstorming....?
Q. what i learned about unemployment intro: what is unemployment conclusion current state of the U.S. economy unemployment rate frictional unemployment structural unemployment cyclical unemployment classical unemployment what causes unemployment cost of unemployment aiding the unemployed united states bureau of labor statistics states affected by unemployment what has the congress done
Asked by augustbmc - Tue Dec 2 21:35:54 2008 - - 1 Answers - 0 Comments
A. what i learned about unemployment intro: what is unemployment frictional unemployment structural unemployment cyclical unemployment classical unemployment what causes unemployment united states bureau of labor statistics unemployment rate cost of unemployment aiding the unemployed current state of the U.S. economy states affected by unemployment what has the congress done conclusion That should work
Answered by Stephen K - Wed Dec 3 00:51:32 2008
Q. what i learned about unemployment intro: what is unemployment conclusion current state of the U.S. economy unemployment rate frictional unemployment structural unemployment cyclical unemployment classical unemployment what causes unemployment cost of unemployment aiding the unemployed united states bureau of labor statistics states affected by unemployment what has the congress done
Asked by augustbmc - Tue Dec 2 21:35:54 2008 - - 1 Answers - 0 Comments
A. what i learned about unemployment intro: what is unemployment frictional unemployment structural unemployment cyclical unemployment classical unemployment what causes unemployment united states bureau of labor statistics unemployment rate cost of unemployment aiding the unemployed current state of the U.S. economy states affected by unemployment what has the congress done conclusion That should work
Answered by Stephen K - Wed Dec 3 00:51:32 2008
From Yahoo Answer Search: 'cyclical unemployment rate'
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hu, 29 Oct 2009 21:20:18 GM
5% is a psychological level that says that something might be wrong in the economy as full . employment rate. (normal . unemployment. with minimal . cyclical unemployment. ) is around the 4.5% level (number arrived at from my own research). ...
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