EC102_Ch_9_Unemployment_and_Its_Natural - Answers

EC102_Ch_9_Unemployment_and_Its_Natural - Answers -...

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

View Full Document Right Arrow Icon
44c17fcdb463ab3f211b4732ae8590226d26b738.doc 1 1. Table 1 uses data for the year 2000 provided by Statistics Canada and adjusted to be  comparable to U.S. data. All values are in millions. Fill in the blank entries in the table.  Table 1 Country Adult Population Labor Force Employed Unemploye d Unemployment Rate Labor-Force Participation Rate Japan 108.12 66.99 63.79 3.20 4.78 percent 61.96 percent France 46.06 25.98 23.53 2.45 9.43 percent 56.4 percent Germany 69.17 39.75 36.54 3.21 8.08 percent 57.47 percent 2.  What the four types of unemployment and how do they change over the business cycle? The four types of unemployment are: Frictional Structural Seasonal Cyclical The first three types of unemployment (frictional, structural, seasonal) have no strong relationship with the business cycle.  The fourth type, cyclical unemployment however is the result of the business cycle.   When the economy is in a recession and people lose their jobs as a the unemployed workers are cyclically unemployed.  Therefore, cyclical unemployment rises when the economy is in a recession.  Conversely, when the economy is in an expansion unemployed workers become  re-employed and the cyclical unemployment rate decreases. 3.
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.

This note was uploaded on 04/06/2012 for the course ECON 102 taught by Professor ? during the Spring '08 term at Waterloo.

Page1 / 5

EC102_Ch_9_Unemployment_and_Its_Natural - Answers -...

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