Exam 9: Unemployment and Its Natural Rate

In Sweden and Denmark,what percentage of the workers belong to unions?

Why might a favourable change to the economy such as technological change or a decrease in the price of imported oil be associated with an increase in frictional unemployment?

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 labour-force participation rate in Bolivar?

Some people are counted as out of the labour force because they have made no serious or recent effort to look for work.However,some of these people may want to work even though they are too discouraged to make a serious effort.If these persons were counted as unemployed instead of out of the labour force,how would the labour statistics change?

According to your text,what is NOT a reason that actual labour markets experience unemployment?

According to efficiency wage theory,what is a way to increase employees' work effort?

How is unemployment data collected?

What impact do employment insurance and unions have on unemployment?

Frictional unemployment is different from unemployment arising from minimum-wage laws,unions,and efficiency wages because in the former,workers are searching for the jobs that best suit them,while in the latter,workers are waiting for jobs to open up.

Meredith is looking for work as a computer programmer.Although her prospects are good,she hasn't yet taken a job.Julie is looking for work in a steel mill,but there aren't many job ads for steel workers and every time she shows up for an interview,there are many more people than openings.Which statement best describes the nature of their unemployment?

In 2014,Madeleine opens up a new interior design business and creates five additional jobs in her firm.If net employment growth in 2014 was zero,what was a likely explanation for this?

What would be associated with the type of unemployment created by the minimum-wage law?

Which law is most likely to reduce the natural rate of unemployment?

Tom is looking for work after school,but everywhere he fills out an application he is told that so have lots of others.Simon has a law degree.Several firms have made him offers,but he thinks he might be able to find a firm where his talents could be put to better use.Which category of unemployment do Tom and Simon belong to?

How is a college student who is not working or looking for a job counted?

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 population in Bolivar?

What does the natural unemployment rate include?

Suppose the labour market in the house cleaning industry in Quebec City can be described by the following demand and supply equations: LD = 400 - 10w and LS = 40 + 20w. a)Calculate the equilibrium wage and employment if the market is free. b)Suppose the Cleaners' Union,of which all cleaning workers must be members,requires that employers provide workers with high-tech protection equipment,which increases the employers' cost of labour by approximately $2 per hour.However,most workers think that this equipment is not necessary,because their regular,inexpensive outfit does about the same job.Calculate the equilibrium wage and employment under the new equipment requirement. c)Draw a graph to show the effect of the requirement.

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 male population in Bolivar?

Prime Minister Bigego is running for re-election against Finance Minister Pander.Bigego proclaims that more people are working now than when he took office.Pander says that the unemployment rate is higher now than when Bigego took office.What can you conclude?