Chapter 21: Q. 38 (page 525)
Under what condition would a decrease in
unemployment be bad for the economy?
A decrease in unemployment would be bad for the economy when there is an increase in the number of discouraged workers.
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Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a bad thing for a nation?
When would you expect cyclical unemployment to
be rising? Falling?
Using the above data, what is the unemployment rate? These data are U.S. statistics from 2010. How does it compare to the February 2015 unemployment rate computed earlier?
Many college students graduate from college before they have found a job. When graduates begin to look for a job, they are counted as what category of unemployed?
Beginning in the 1970s and continuing for three decades, women entered the U.S. labor force in a big way. If we assume that wages are sticky in a downward direction, but that around 1970 the demand for labor equaled the supply of labor at the current wage rate, what do you imagine happened to the wage rate, employment, and unemployment as a result of increased labor force participation?
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