ECN101_PS5_w08

ECN101_PS5_w08 - This problem set is due on Feb 19, Tuesday...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
This problem set is due on Feb 19, Tuesday in class. Problem Set 5 ECN101 Instructor: Masako Miyanishi Chapter 6: Unemployment 1. In a steady state, a. no hiring or firings are occurring. b. the number of people finding jobs equals the number of people losing jobs. c. the number of people finding jobs exceeds the number of people losing jobs. d. the number of people losing jobs exceeds the number of people finding jobs. Answer: 2. If the steady-state rate of unemployment equals 0.125 and the fraction of unemployed workers who find jobs each month (the rate of job finding) is 0.56, then what is the fraction of employed workers who lose their jobs each month (the rate of job separations)? 3. Any policy aimed at lowering the natural rate of unemployment must either ______ the rate of job separation or _______ the rate of job finding. a. reduce; reduce b. increase; reduce c. reduce; increase d. increase; reduce Answer: 4. Which of the following is an example of frictional unemployment? a. Dave searches for a new job after voluntarily moving to San Diego.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

ECN101_PS5_w08 - This problem set is due on Feb 19, Tuesday...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online