Why is the unemployment rate never zero, even at full employment?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
The unemployment rate is never zero because there is always churning go...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
Question Posted:
Students also viewed these Economics questions
-
Why is the unemployment rate considered by some to be an incomplete measure of economic hardship and lost output? What alternative measures are provided by the Bureau of Labor Statistics, and what...
-
Suppose potential output grows 2 percent per year and the natural rate of unemployment is constant at 6 percent. In 2020, the unemployment rate is 7 percent. a. Assuming Okuns law, what is the output...
-
What is the unemployment rate supposed to measure and why is it an imperfect measure?
-
Determine the force in member GC of the truss and state if this member is in tension or compression. Units Used: kip = 103 lb Given: F1 = 1000 lb F2 = 1000 lb F3 = 1000 lb F4 = 1000 lb a = 10 ft =...
-
The Production Department of Lauren Manufacturing has prepared the following schedule of units to be produced over the first quarter of the upcoming year: Each unit requires 2.0 hours of direct...
-
The following is abbreviated testimony from Troy Normand in the WorldCom (USA) case. He was a manager in the company reporting department and was one of five individuals who pleaded guilty. He...
-
Which of the following is a true statement about the comparison of Euclidean distance versus Manhattan distance? a. Manhattan distance is distorted less by outlier observations. b. Euclidean distance...
-
In mid-2012, AOL Inc. had $100 million in debt, total equity capitalization of $3.1 billion, and an equity beta of 0.90 (as reported on Yahoo! Finance). Included in AOLs assets was $1.5 billion in...
-
What are some of the biggest challenges and changes in trends for Human Resources due to the COVID-19 pandemic which has organizations in flux since 2020 especially with employees working remotely?
-
1.Why did US film companies JV with Chinese companies - Where on the value chain did Chinese companies add value? Why is a JV presumably better than a merger and acquisition or a strategic alliance?...
-
How does the natural unemployment rate change and what factors might make it change?
-
What are the alternative measures of the price level and how do they address the problem of bias in the CPI?
-
List the purposes of audit documentation and explain why each purpose is important.
-
J&M, a tax-exempt institution, needs to store a vast amount of data. The firm can borrow funds at 7% and buy data storage devices and software for $3.2 million. Alternatively, SM Leasing Inc. offers...
-
On January 2, 2025, Fatboy Co. issued at par $9500 of 6% bonds convertible in total into 1000 shares of Fatboy's common stock. No bonds were converted during 2025. Throughout 2025, Fatboy had 1000...
-
Gable Company uses three activity pools. Each pool has a cost driver. Information for Gable Company follows: Activity Pools Machining Designing costs Setup costs Total Cost of Pool $ 416,700 Cost...
-
What is the term remaining for a $10,000 Canada bond that pays 3.5% semi-annual with a YTM of 3.8% and you are paying $9,915.69?
-
Prepared from a situation suggested by Professor John W. Hardy.) Lone Star Meat Packers is a major processor of beef and other meat products. The company has a large amount of T-bone steak on hand,...
-
Find the average height of the (single) cone above the disk x 2 + y 2 a 2 in the xy-plane. Z = x + y
-
How has the too-big-to-fail policy been limited in the FDICIA legislation? How might limiting the too-big-to-fail policy help reduce the risk of a future banking crisis?
-
How are the following demand curves likely to shift in response to the indicated changes? (a) The effect of a drought on the demand curve for umbrellas (b) The effect of higher popcorn prices on the...
-
The two accompanying diagrams show supply and demand curves for two substitute commodities: tapes and compact discs (CDs). a. On the right-hand diagram, show what happens when rising raw material...
-
Consider the market for beef discussed in this chapter. Suppose that the government decides to fight cholesterol by levying a tax of 50 cents per pound on sales of beef. Follow these steps to analyze...
-
What role do social institutions play in shaping individual and collective identities, and how do these identities intersect with race, gender, sexuality, and other aspects of social diversity to...
-
16. Let $V=\operatorname [span]\left\{\left(\begin{array}{1}1 \\ 0 \\ 1 \\ 0\end{array} ight), \left(\begin{array} (1)1 \\ 1 \\ 0 \\ 1\end{array} ight), \left(\begin{array} {1}0 \\ 1 \\ 1 AV...
-
Blossom Ltd., which follows ASPE had the following comparative statement of financial position: Blossom Ltd. Comparative Statement of Financial Position December 31 Assets 2024 2023 Cash $84.000...
Study smarter with the SolutionInn App