Exam 9: Unemployment and Its Natural Rate

Table 9-1 This table shows the 2013 data for males and females aged 15 and over in the country of Bolivar. -Refer to the Table 9-1.What is the adult female unemployment rate in Bolivar?

Why was net employment growth in 2009 negative?

If the wage is kept above the equilibrium wage for any reason,the result is structural unemployment.

Suppose that in 2015,the demand for construction workers increased and the demands for pipeline and oil field workers diminished.Which type of unemployment does this situation illustrate?

What industry in the Canadian economy has the highest percentage of unionized workers?

Which statement best defines the natural rate of unemployment?

About what fraction of unemployed persons have been unemployed for less than a month?

Who would NOT be included in the labour force?

Regarding the categories of unemployment,which statement best describes how the effect of sectoral changes compares to the effect of firms paying higher-than-equilibrium wages?

According to most economists,what would be an effect of eliminating unemployment insurance?

Statistics Canada uses data from each province's unemployment insurance agency to compute unemployment statistics.

(Challenging)Draw a firm's labour demand curve that intersects the vertical axis at $20 per hour,and choose a point on the curve corresponding to an hourly wage of $12 and employment of 50 workers. a.Explain the significance of the labour demand curve,and show why such a curve is downward sloping. b.At the employment level of 50 workers,what is the total amount the employer pays in wages? c.At the employment level of 50 workers,what is the firm's profit? (Hint: At each level of employment,the labour demand curve shows the additional value of production created by hiring an extra worker.)

What is a possible effect of unions?

What is most likely to happen when someone becomes unemployed?

How is the unemployment rate computed?

Full-time students,retirees,and unpaid stay-at-home fathers are counted as unemployed.

Who would be included in the labour force?