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Laabri

Macro 2.3-Unemployment Stumping Questions

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Last updated over 1 year ago
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1.

What are the three categories into which the BLS (Bureau of Labor Statistics) divides everyone?

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2.

Is unemployment typically short-term or long-term?

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3.

Why is frictional unemployment inevitable?

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4.

Are minimum-wage laws a better explanation for structural unemployment among teenagers or college grads?

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5.

How do Unions affect the natural rate of unemployment?

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6.

What claims do advocates of unions make to argue that unions are good for the economy?

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7.

Explain four ways in which a firm might increase its profits by raising the wages it pays.