Question
28. The economy of country X reported in its monthly labor report that there were 9,000 people employed, 1,000 people unemployed, and 5,000 people out
28. The economy of country X reported in its monthly labor report that there were 9,000 people employed, 1,000 people unemployed, and 5,000 people out of the labor force. Based on these data, calculate the labor force or worker.
29. During a recession _________________
1. the number of hours of work added increases 2. the unemployment rate decreases 3. the number of discouraged workers decreases 4. the ratio of employment to population decreases
30. Students who drop out of school in the spring and look for work are a source of ______________________
1. structural unemployment 2. business cycle fluctuation 3. friction unemployment 4. cyclical unemployment
31. The economy of country X reported in its monthly labor report that there were 9,000 people employed, 1,000 people unemployed, and 5,000 people out of the labor force. Based on these data, calculate the unemployment rate for that month, remember that the unemployment rate is expressed in percent (rounded to the integer and do not include the% symbol)
32. All forms of unemployment have a cost, but the _________________ that is the consequence of losing a job is the most onerous.
1. short-term unemployment 2. long-term unemployment 3. discouraged worker 4. the disabled worker
33. Data from Japan show that the potential GDP is 500 million. The table below presents the short-term aggregate supply and demand.
**Table translates into Price Level, aggregate demand, and offer added.**
\fNivel de Demanda Oferta precios agregada Agregada 100 1150 1050 110 1100 1100 120 1050 1150 130 1000 1200 140 950 1250 150 900 1300 160 850 1350Step by Step Solution
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