If a nation's labor force receives a significant influx of young workers: a) the natural rate...
Question:
If a nation's labor force receives a significant influx of young workers:
a) the natural rate of unemployment is unlikely to change
b) the natural rate of unemployment is likely to increase.
c) frictional unemployment will likely decrease to zero.
d) the natural rate of unemployment is likely to decrease.
Unemployment:
Unemployed is the term in economics used only for those willing to get employed but cannot get a job. The unemployment rate is calculated as the number of unemployed people as the percentage share of the total labor force.
Answer and Explanation: 1
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View this answerThe correct option is b) the natural rate of unemployment is likely to increase.
The natural rate of unemployment is made of frictional ( due to job...
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Natural Rate of Unemployment: Definition and Formula
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Chapter 6 / Lesson 4
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Learn about the natural rate of unemployment. Understand what the natural rate of unemployment is, examine its formula, and learn how to calculate it.
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