An increase in the unemployment rate will tend to cause which of the following?Question 12Select one:a.An increase in the quit rate.b.An increase in the duration that one is unemployed.c.A decrease in the separation rate.d.All of the above.e.None of the above.
Question
An increase in the unemployment rate will tend to cause which of the following?Question 12Select one:a.An increase in the quit rate.b.An increase in the duration that one is unemployed.c.A decrease in the separation rate.d.All of the above.e.None of the above.
Solution
The increase in the unemployment rate will tend to cause an increase in the duration that one is unemployed. When the unemployment rate is high, it means that jobs are harder to find, so people tend to remain unemployed for longer periods. Therefore, the correct answer is b. An increase in the duration that one is unemployed.
Similar Questions
Which of the following will NOT cause an increase in the natural rate of unemployment? Group of answer choices an increase in the markup, m an increase in unemployment benefits (included in z) an increase in the expected inflation rate a reduction in the response of wages to unemployment, α none of the above
Which of the following will tend to occur when a high proportion of a country's workers have indexed wages?Question 14Select one:a.A given change in the unemployment rate will cause a larger change in the inflation rate.b.The unemployment rate to be relatively high.c.The inflation rate to be relatively low.d.The unemployment rate to be relatively low.e.None of the above.
Which one of the following is most likely to cause increased unemployment in an economy?A A decrease in the economy’s central bank interest rate.B An increase in the economy’s money supply.C A competitive devaluation of the economy’s currency.D An increase in protectionism by the economy’s trade partners.
Which of the following events affect the demand for labour? (i) The retirement age is raised (ii) Higher interest rates (iii) Decreased business confidence (iv) Increased savings by households due to new tax incentives (v) Emigration numbers riseYOUR ANSWERYour Answer(i) and (ii)(iii) and (iv)(i) and (v)(ii), (iii), (iv) and (v)
he economy attains _______ when the unemployment rate equals the natural rate of unemployment.Multiple choice question.cyclical unemploymentfull employmentshort-run equilibriumfrictional unemployment
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.