Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me with these 1. What three categories does the Bureau of Labor Statistics classify adults in to measure unemployment? 2. What is the

Please help me with these

image text in transcribedimage text in transcribed
1. What three categories does the Bureau of Labor Statistics classify adults in to measure unemployment? 2. What is the labor force? 3. What does the unemployment rate measure? 4. What does the lab-or force participation rate measure? 5. If the total population (age 16 and over) is 40 million, 1 million are unemployed, and 24 million currently hold jobs, how big is the lab-or force? what is the unemployment rate? _th.e labor force participation rate? 6. If the total population (age 16 and over) is 48 million; of this total, 4 million are unemployed and 36 million currently hold jobs. What is the rate of unemployment? _the labor force participation rate? 7. How would the BLS classify each of the following people? a) an administrator who has been working as a teacher one day per week while looking for a full-time job b) a mathematician who returned to graduate school aer failing to find a job during the last four months c) a former steel worker who would like to work but has given up actively searching for employment d) a former auto worker who is currently looking for work in the computer industry 8. What is the impact on the labor force participation rate when women move from working in the home to working outside the home? 9. What is the natural rate of unemployment? 10. What is cyclical unemployment? 11. What are discouraged workers? 12. What are some reasons the reported rate of unemployment may not accurately reflect the true rate of unemployment? 13. What is frictional unemployment? 14. What is structural unemployment? 15. What does offering higher unemployment benefits do to search time for the unemployed? 16. Draw and label a supply and demand diagram for the labor market. What is the effect of an increase in the minimum wage on the number of workers demanded? the number of workers supplied? the amount of unemployment? 17. What is a labor union and collective bargaining? 18. How do unions affect the unemployment rate if they raise union wages? 19. What is efficiency wage theory? 20. What are the reasons that explain why a firm may want to pay efficiency wages

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Moral Controversies In American Politics

Authors: Raymond Tatalovich, Warren Tatalovich

4th Edition

1317464427, 9781317464426

More Books

Students also viewed these Economics questions

Question

Which information is used in order to produce the EGPWS display?

Answered: 1 week ago