What is the average duration of unemployment if the monthly rate of unemployed workers leaving unemployment,l , equals 0.25?

What is the average duration of unemployment if the monthly rate of unemployed workers leaving unemployment, l, equals 0.25? What about when l is equals 0.1? How are monthly rate of unemployed workers leaving unemployment and average duration of unemployment?

Expert Solution

Rahul Sunny answered 2 years ago

True/False. "If discouraged workers are counted as unemployed, then the unemployment rate will rise." Explain your...

True/False. "If discouraged workers are counted as unemployed, then the unemployment rate will rise." Explain your choice.

If the natural rate of unemployment equals 4 percent and the actual rate of unemployment equals...

If the natural rate of unemployment equals 4 percent and the actual rate of unemployment equals 6 percent, then cyclical unemployment equals: Multiple Choice −2 percent. 10 percent. 2 percent. 6 percent.

You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state....

You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state. Your boss recently learned that the president proposed a 21 percent increase in the minimum wage, and she wants you to provide her with an estimate of the number of additional workers who will file for unemployment compensation claims next year if the bill passes. Based on library research at a nearby university, you learn that about 200,000 workers in your state earn at...

*unemployment labor force unemployment rate employed worker unemployed worker __________________ problem: unemployment rate participation rate employment...

*unemployment labor force unemployment rate employed worker unemployed worker __________________ problem: unemployment rate participation rate employment population rate _______________________________ type of unemployment: _________________________________ how to measure value added: define value added and its relation with GDP. difference between GDP & GNP.

How is the unemployment rate calculated? What are the conditions to be present to consider someone as unemployed?

Short Answer Questions How is the unemployment rate calculated? What are the conditions to be present to consider someone as unemployed? If the number of unemployed workers is 19 million, the number in the working-age population is 500 million, and the unemployment rate is 4%, what is the labor force participation rate? Show your calculation. Explain the relationship between the following: actual GDP and potential GDP unemployment rate and natural rate of unemployment

What are cyclical, frictional, and structural unemployment? The natural rate of unemployment equals frictional plus structural...

What are cyclical, frictional, and structural unemployment? The natural rate of unemployment equals frictional plus structural unemployment. Countries with higher unemployment insurance benefits tend to have higher natural rates of unemployment. Do you think that more generous unemployment benefits raise u* by reducing the finding rate or increasing the separation rate?

When the actual unemployment rate equals the natural rate of unemployment: Multiple Choice the economy has...

When the actual unemployment rate equals the natural rate of unemployment: Multiple Choice the economy has no discouraged workers. the economy is likely in a recession. the economy is only experiencing cyclical unemployment. the economy is at full employment.

The BLS calculates the official unemployment rate as ratio of the number of people unemployed to...

The BLS calculates the official unemployment rate as ratio of the number of people unemployed to the labor force. Does this figure correctly reflect the the magnitude of the unemployment problem? Is it an overestimate? Underestimate? Discuss.

1. Explain the difference between General Unemployment rate and the Share of Unemployed persons. 2. What...

1. Explain the difference between General Unemployment rate and the Share of Unemployed persons. 2. What is the difference between CPI and Deflator? example 3.Describe how exchange rate changes affect the country's export and import.

1, If we know that on average 50% of unemployed persons leave unemployment each month, then...

1, If we know that on average 50% of unemployed persons leave unemployment each month, then the average duration of unemployment is: A 2 months B 6 months C 2 years D more information is needed 2,Efficiency wage theory suggests that: A firms will be more resistant to wage increases as the labour market tightens B the government can only set tax rates so high before people will prefer not to work C unskilled workers will have a lower turnover...

Question