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Macro 2.3-Unemployment Stumping Questions
By Michael Burbine
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Last updated over 1 year ago
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Question 1
1.
What are the three categories into which the BLS (Bureau of Labor Statistics) divides everyone?
Question 2
2.
Question 3
3.
Why is frictional unemployment inevitable?
Question 4
4.
Question 5
5.
How do Unions affect the natural rate of unemployment?
Question 6
6.
What claims do advocates of unions make to argue that unions are good for the economy?
Question 7
7.
Explain four ways in which a firm might increase its profits by raising the wages it pays.
Is unemployment typically short-term or long-term?
Long-term
Short-term
Are minimum-wage laws a better explanation for structural unemployment among teenagers or college grads?
College Grads
Teenagers