Multiple choice q5 unionized workers are paid about

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Macroeconomics for Today
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Chapter 6 / Exercise 13
Macroeconomics for Today
Tucker
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5. Multiple Choice Q5 Unionized workers are paid about _____ percent more than similar nonunion workers. 2 5 15 40 Explanation: Economists who study the effects of unions typically find that union workers earn about 15 percent more than similar workers who do not belong to unions. See Section: The Economics of Unions.
6. Multiple Choice Q6 According to the theory of efficiency wages,
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Macroeconomics for Today
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Chapter 6 / Exercise 13
Macroeconomics for Today
Tucker
Expert Verified
7. Problems and Applications Q1 The Bureau of Labor Statistics (BLS) announced that in January 2013, of all adult Americans, 143,322,000 were employed, 12,332,000 were unemployed, and 89,008,000 were not in the labor force. What is the adult population?
What is the unemployment rate?
8. Problems and Applications Q3 Between January 2010 and January 2013, total U.S. employment increased by 4.9 million workers, but the number of unemployed workers declined by only 2.7 million. Which of the following statements are consistent with this finding? Check all that apply. The number of discouraged workers increased. The labor force increased. The adult population decreased. The labor force decreased.
Explanation: The fact that employment increased by 4.9 million while unemployment declined by 2.7 million is consistent with growth in the labor force of 2.2 million workers. The labor force constantly increases as the population grows and as labor-force participation increases, so it is possible for the increase in the number of people employed to always exceed the reduction in the number unemployed. See Section: How Is Unemployment Measured?
9. Problems and Applications Q4 Economists use labor-market data to evaluate how well an economy is using its most valuable resource—its people. Two closely watched statistics are the unemployment rate and the employment–population ratio (calculated as the percentage of the adult population that is employed). Indicate what happens to the unemployment rate and the employment–population ratio in each of the following scenarios.

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