Adult population-150 million
Labor force-100 million
Employed persons-90 million
Discouraged workers-10 million
According to the table, the unemployment rate (U3) is ....? Assume that 10 million of the employed persons are part-time for economic reasons. Then the U4 and U5 rates of unemployment as calculated by the BLS would be ____________ and ______________. Employed persons/ labor force = Unemployment Rate
Define the three major categories of unemployed persons and the public policies that might be adopted to reduce each type.
-Type of unemployment
-Policy to alleviate
Indicate whether the following groups would probably be harmed if the inflation rate were to increase from 4% to 8%. Indicate with a (Y) for yes or a (N) for no.
1. Investors in long-term U.S. government bonds
2. Homeowners with largely fixed-rate mortgages
3. Restaurant workers in Texas making the legal minimum wage
4. Software engineers
5. Retirees on a fixed income
Adult population-150 million
Labor force-100 million
Employed persons-90 million
Discouraged workers-10 million
According to the table, the unemployment rate (U3) is ....? Assume that 10 million of the employed persons are part-time for economic reasons. Then the U4 and U5 rates of unemployment as calculated by the BLS would be ____________ and ______________. Employed persons/ labor force = Unemployment Rate
Define the three major categories of unemployed persons and the public policies that might be adopted to reduce each type.
-Type of unemployment
-Policy to alleviate
Indicate whether the following groups would probably be harmed if the inflation rate were to increase from 4% to 8%. Indicate with a (Y) for yes or a (N) for no.
1. Investors in long-term U.S. government bonds
2. Homeowners with largely fixed-rate mortgages
3. Restaurant workers in Texas making the legal minimum wage
4. Software engineers
5. Retirees on a fixed income
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