Chapter 8: Q.10 (page 214)
Are all adults who do not hold jobs counted as unemployed?
No, not all of them will be counted as unemployed
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What forces create the natural rate of
unemployment for an economy?
What type of unemployment (cyclical, frictional,
or structural) applies to each of the following:
a. landscapers laid off in response to a drop in new housing construction during a recession.
b. coal miners laid off due to EPA regulations that shut down coal fired power
c. a financial analyst who quits his/her job in
Chicago and is pursing similar work in Arizona
d. printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote an advertise their products.
e. factory workers in the U.S. laid off as the plants shut down and move to Mexico and Ireland.
What are some of the problems with using the unemployment rate as an accurate measure of overall joblessness?
Under what condition would a decrease in
unemployment be bad for the economy?
Would you expect the natural rate of
unemployment to remain the same within one country over the long run of several decades?
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