User Account

All Pages

Calculating the official unemployment rate

Assignment Help Microeconomics
Reference no: EM133367526

Question 1: As we discussed in class, in addition to calculating the official unemployment rate (U3), BLS produces alternative measures of labor underutilization (U4, U5, and U6). Please explain the difference between U3 and U6, and why U6 might be more informative about the state of the labor market during recessions.

Question 2: It is not uncommon during economic recoveries-the time period after recessions end and the economy is healing-for the unemployment rate to rise at the same time that the number of employed individuals rises. Explain how this can happen, and explain why when this happens, it is reasonable to think of this phenomenon as one indicator of economic recovery.

Reference no: EM133367526

Questions Cloud

What does inclusion mean you what does belonging mean you : What does Inclusion mean you? What does Belonging mean you?
What is the goal or central research question in this paper : What is the goal or central research question in this paper? 2. What was the main finding
How to heal from stress and trauma lessons from kintsugi : Based on readings - "How to heal from stress and trauma: Lessons from Kintsugi" Write a compare/contrast essay.
Knowledge generated by sociological research : Compare knowledge generated by sociological research and those based on news media. Include at least four differences in your comparison.
Calculating the official unemployment rate : alculating the official unemployment rate (U3), BLS produces alternative measures of labor underutilization
Performance sports are organized to encourage orientations : As mentioned in the lecture, power and performance sports are organized to encourage orientations that emphasize domination over others.
Long list of methodological and theoretical problems : promotional literature suffers from a long list of methodological and theoretical problems, all of which have been well-documented in the literature
What do you think is the most important function of protein : Protein is one of the most misunderstood nutrients. What do you think is the most important function of protein?
Discuss the issue or topic that you researched : Discuss the issue or topic that you researched. Explain how this issue affects your academic major or professional field. Identify three sources you have

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd