Question

The cyclical unemployment rate is defined as the __________ unemployment rates. a. sum of the structural...

The cyclical unemployment rate is defined as the __________ unemployment rates.

a.

sum of the structural and the frictional

b.

difference between the structural and the frictional.

c.

difference between the actual and the natural rate of unemployment.

d.

sum of the natural and the frictiona.

Homework Answers

Answer #1

Option c

difference between the actual and the natural rate of unemployment

Cyclical unemployment is unemployment because of a slow down in the economy.

Structural unemployment is because of the change in the law, structure of a company, location of the company or technological changes.

Frictional unemployment is unemployment because of job switching or time between jobs.

The natural rate of unemployment is "the unemployment is available in an economy at any time," and that is structural and frictional unemployment.

Cyclical unemployment t =actual unemployment - the natural rate of unemployment.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The natural rate of unemployment is the sum of frictional and structural unemployment and does not...
The natural rate of unemployment is the sum of frictional and structural unemployment and does not include cyclical unemployment. Discuss how changes in the economy over the last 20 years have affected either frictional or structural unemployment. Then discuss changes that might be coming in the next 20 years that will affect frictional or structural unemployment.
Explain the difference between cyclical, frictional, and structural unemployment and how they relate to the natural...
Explain the difference between cyclical, frictional, and structural unemployment and how they relate to the natural rate of unemployment.
Which of the following is included in the natural rate of unemployment? A. Frictional unemployment only....
Which of the following is included in the natural rate of unemployment? A. Frictional unemployment only. B. Frictional and structural unemployment. C. Frictional, structural and cyclical unemployment. D. It can be eliminated
If the natural rate of unemployment is 5% and the actual rate of unemployment is 5.5%,...
If the natural rate of unemployment is 5% and the actual rate of unemployment is 5.5%, then by definition there is: cyclical unemployment of 0.5% of the labor force frictional unemployment of 0.5% of the labor force cyclical unemployment of -0.5% of the labor force structural unemployment of 0.5% of the labor force
Suppose that for a certain economy, frictional unemployment = 3.1% and structural unemployment = 2.4%. If...
Suppose that for a certain economy, frictional unemployment = 3.1% and structural unemployment = 2.4%. If the current (actual) unemployment in the economy is 5%, how much cyclical unemployment is there? What is the natural rate of unemployment for this economy? Why is it important for an economy to have some positive level of unemployment?
1. Which types of unemployment exist at all times and determine the natural rate of unemployment?...
1. Which types of unemployment exist at all times and determine the natural rate of unemployment? A. structural unemployment and cyclical unemployment B. cyclical and frictional unemployment C. frictional unemployment and structural unemployment 2. All else equal, how will increasing unemployment insurance affect the natural rate of unemployment? A. The natural rate of unemployment is likely to decrease. B. The natural rate of unemployment will remain unaffected. C. The natural rate of unemployment is likely to increase. 3. Which form...
What is the difference between Cyclical, Frictional and Structural unemployment? If you were advising the government...
What is the difference between Cyclical, Frictional and Structural unemployment? If you were advising the government which would you consider to be of greatest concern (explain why)?
The US unemployment rate (actual unemployment, u) is 8.4 percent, while the natural rate of unemployment...
The US unemployment rate (actual unemployment, u) is 8.4 percent, while the natural rate of unemployment (nru) is 4.4 percent. (i) How much of the (actual) unemployment is frictional and structural together? How much is cyclical? (ii) Explain your answers.
The natural unemployment rate includes structural but not frictional neither frictional nor structural unemployment both frictional...
The natural unemployment rate includes structural but not frictional neither frictional nor structural unemployment both frictional and structural unemployment frictional but not structural
The type of unemployment that economists find most concerning is a. frictional unemployment. b. cyclical unemployment....
The type of unemployment that economists find most concerning is a. frictional unemployment. b. cyclical unemployment. c. structural unemployment. d. voluntary unemployment.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT