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20 Mar 2019

True of False: If the unemployment rate decreases, it is always true that total employment has increased? Explain in a sentence.

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Nestor Rutherford
Nestor RutherfordLv2
20 Mar 2019

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Related questions

True or False? Explain.
1) Assume the firm is in the short run, so the capital stock is fixed. If the wage drops, then output decreases and labor decreases, ceteris paribus.

2) If the marginal product of employment is falling, then the average product of employment must fall.

True or false? If false, explain WHY it is false.

In the specific-factors model, workers are always better off with trade and unemployment rates are a critical component in determining the overall effect of opening up to trade.

Answer true or false for each of the following.

1. Most economists want a 0% target for unemployment.

2. The current natural rate of unemployment is thought to be somewhere around 5%.

3. If the economy is above full employment it causes higher than normal unemployment.

4. Inflation can be increased by either an increase in AD or AS.

5. Cyclical unemployment can be caused by a drop in AD or AS.

6. The natural rate of unemployment is associated with high inflation.

7. The core PPI is often used to predict where we are relative to full employment.

8. In a closed economy, inflation represents a decline in average real income.

9. Frictional unemployment is permanent for the labor force, temporary for individuals.

10. It is possible, although unusual, for cyclical unemployment to be negative.

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