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Question 4 6 pts Mplgyment rates Based on the following data, compute (a) the actual (total) unemployment E, (b) the structural unemployment E. and (c)
Question 4 6 pts Mplgyment rates Based on the following data, compute (a) the actual (total) unemployment E, (b) the structural unemployment E. and (c) the cyclical unemployment %. The frictional unemployment = 1 percent, natural unemployment rate = 6 percent. civilian labor force = 120 million, and number of employed persons = 115 million. Question 5 10 pts Complete the following table showing which curve (AD or SRAS) shifts, which way it shifts, and the impact on the price level, real GDP, and unemployment rate as a result of the following two events: Events impact the U.S. economy only. Curve Increase or Decrease (Ination) Increase or Decrease Real GDP Increase or Decrease Unemployment rate Increase or Decrease Event 1: Labor surplus. Event 2: Consumers expect higher future income. [1 point each]
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