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Economics TABLE 5.1 Short Answer Question 1 Employed Unemployed Labor Unemployment workers workers force rate 100 10 80 100 200 5.0% 130 1. Complete Table
Economics TABLE 5.1 Short Answer Question 1 Employed Unemployed Labor Unemployment workers workers force rate 100 10 80 100 200 5.0% 130 1. Complete Table 5.1. 2. Can the unemployment rate increase while the total amount of employment also increases? Be sure to take account of the behavior of discour- aged workers in your answer. 3. Describe the trends in the labor force participa- tion rate and employment-to-population ratio since 1961. Is there any difference in these trends for men and women? 4. Describe the trends in aggregate hours and total employment since 1961. How do they behave during recessions?5. For the following time periods, describe Igor's labor market status. When Igor is unemployed, tell whether it is frictional, structural, or cyclical unemployment. a. From January 1 through June 30, 2002, Igor was a full-time student pursuing his bache- lor's degree. b. On July 1, Igor graduated with his degree in body building. He spent three months look- ing for work before Dr. Frankenstein hired him on October 1. c. From October 1 to January 1, 2003, Igor worked full-time on the night shift
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