Is an increase in the unemployment rate necessarily a bad thing? Is a decrease in the...

Is an increase in the unemployment rate necessarily a bad thing? Is a decrease in the unemployment rate necessarily a good thing?

Expert Solution

The national unemployment rate is defined as the percentage of the total work force unemployed. It's generally recognized as a key indicator of a country's labor market performance. The unemployment rate attracts a lot of media attention as a closely watched economic indicator, particularly during recessions and difficult economic times. That is because the unemployment rate is not just impacting those unemployed people – the extent and severity of unemployment causes has wide-ranging impacts in the broader economy.

Increasing unemployment rate is not necessarily a bad thing for a nation in every case For example, as the economy is improving, people who were discouraged may start looking for work again.As this happens, the measured unemployment rate will increase temporarily as they will again be counted as unemployed.

Decrease in the unemployment rate necessarily a good thing for a nation in every case If unemployed workers become discouraged, the measured unemployment rate will decrease

.

Rahul Sunny answered 1 month ago

Is a decrease in the unemployment rate necessarily a good thing for the nation? Explain. Need...

Is a decrease in the unemployment rate necessarily a good thing for the nation? Explain. Need to be six hundred words long or more with citation and references. Can't be more than 20% of sources use. Thanks

In each of the following scenarios, indicate whether the unemployment rate will increase or decrease. a....

In each of the following scenarios, indicate whether the unemployment rate will increase or decrease. a. The government increases income tax rates (Click to select) increase decrease uncertain b. The government repeals a law that made it difficult to fire workers (Click to select) increase decrease uncertain c. There is an increase in the percentage of workers who are unionized (Click to select) increase decrease uncertain d. The number of weeks workers are entitled to unemployment benefits falls (Click to...

1) In the short run, a price decrease combined with an increase in the unemployment rate...

1) In the short run, a price decrease combined with an increase in the unemployment rate is most likely to be the result of A) an adverse supply shock B) a favorable supply shock C) a decrease in money supply D) an expansionary fiscal or monetary policy 2) Potential GDP is the value of GDP that can be calculated if we assume that A) the unemployment rate is zero B) the inflation rate is zero C) GDP has been adjusted...

In each of the following scenarios, indicate whether the unemployment rate will increase or decrease. a....

In each of the following scenarios, indicate whether the unemployment rate will increase or decrease. a. The government increases income tax rates (Click to select) increase decrease uncertain b. The government repeals a law that made it difficult to fire workers (Click to select) increase decrease uncertain c. There is an increase in the percentage of workers who are unionized (Click to select) increase decrease uncertain d. The number of weeks workers are entitled to unemployment benefits falls (Click to select) decrease increase uncertain e. More firms begin to pay efficiency wages (Click to select) increase decrease uncertain f. The...

Question

Is an increase in the unemployment rate necessarily a bad thing? Is a decrease in the...

Solutions

Expert Solution

Related Solutions

Is a decrease in the unemployment rate necessarily a good thing for the nation? Explain. Need...

In each of the following scenarios, indicate whether the unemployment rate will increase or decrease. a....

1) In the short run, a price decrease combined with an increase in the unemployment rate...

In each of the following scenarios, indicate whether the unemployment rate will increase or decrease. a....

Will an increase in the federal budget surplus (a decrease in the budget deficit) necessarily lead...

Is Genetic Engineering of humans a good thing or a bad thing?

a) considering the way unemployment rate is calculated, how could unemployment rate and employment rate increase...

1. It is argued that monopoly is a bad thing for consumers, but a good thing...

Is a high dividend yield a good thing or a bad thing for investors?

Explain if budget deficits are a good thing or a bad thing as a national strategy.