How about during a period of economic expansion

Assignment Help Microeconomics
Reference no: EM13843761

Discouraged Workers and the Economy

A "discouraged worker" is an individual without a job who has a desire to work; however, the worker has not actively searched for a job within the last six months, because the worker believes that there are no jobs available. Such a worker is not included in the official unemployment count.

Consider a scenario where discouraged workers are now included in the official unemployment rate during a recessionary period in the economy. Which of the three types of unemployment-frictional, structural, or cyclical-do you believe that these unemployed workers would most closely qualify for? How about during a period of economic expansion? Explain your answers and include examples.

Next, discuss and explain how including discouraged workers in the official unemployment rate would affect both the federal deficit and the national debt. Include examples to support your conclusions.

Reference no: EM13843761

Questions Cloud

What opposing viewpoint does quindlen respond : What opposing viewpoint does Quindlen respond to in paragraph 3. What counterargument does she offer to it. List the reasons and evidence she includes in her counterargument and evaluate if it is relevant and sufficient.
Discuss potential ways you might be able to contribute : Discuss potential ways you might be able to contribute to the organization. How could your own interests, talents, and skills benefit this organization
Write down a simulation model to estimate the expected payof : 1) On an exam there are 10 multiple choice questions. Each multiple choice question has four alternatives to choose from, of which only one is correct. A student can either be prepared or unprepared for the exam. Let us assume that it is equally like..
Prepare an aggregate plan for the coming year : Prepare an aggregate plan for the coming year, assuming that the sales forecast is perfect. The plant will run 8, 10, 9, 11 lines in the coming four quarters.
How about during a period of economic expansion : How about during a period of economic expansion
An insurance company insures a large number : An insurance company insures a large number of homes. The insured value, X, of a randomly selected home is assumed to follow a distribution with density function f(x)=4x-5 , for x>1. Given that a randomly selected home is insured for at least 2, what..
Explain the mc=mr rule : Explain the MC=MR Rule
Most of us love luzon mangoes : Most of us love Luzon mangoes, but hate buying those that are picked too?early. Unfortunately, by waiting until the mangos are almost ripe to pick carries a risk of having 15% of the picked rot upon arrival at the packing facility.
Statements concerning variance analysis : Evaluate the following statements concerning variance analysis. Be sure to provide specific examples to justify your evaluations.

Reviews

Write a Review

Microeconomics Questions & Answers

  Single bank in a multibank system

Suppose that the reserve ratio is .25, and that a bank has actual reserves of $15,000, loans of $40,000, and demand deposits of $50,000.

  Give the example for each change and explain how the

a change in human resources can have a major impact on businesses and our daily lives. list two demographic changes

  Aa-dd diagrammatic analysis

Demonstrate how an increase in personal and federal income taxes ultimately affects Bank of Canada's balance sheet.

  Write down the difference between contractionary and

what is the difference between contractionary and expansionary fiscal policies? which is more appropriate today?

  Calculate the quotas redistributive effect

Suppose Venezuela imports TV sets at a price of $150 each. Under free trade, how many sets does Venezuela produce, consume, and import - Calculate the quotas redistributive effect

  Mini-assignment, summarize the original article

Read one of the articles and follow the trail of references and resources. For your mini-assignment, summarize the original article, record where you went in your research, and what you learned. You should follow and report on at least four l..

  What should be the unit price to quote

An executive from a large merchandising firm has called your vice president for production to get a price quote for an additional 100 units of given product. The vice president has asked you to prepare a cost estimate,

  Formulate a hypothetical problem and analyze or show how

formulate a hypothetical problem and analyze or show how you would solve the five economic tools from your textbook. be

  Risk exists when

Risk exists when

  Examine how sales forecast impacts all other forecasts for

forecasting is used as a tool for planning. when developing forecasts firms need to think of all possible scenarios and

  Assume that this consumers utility function

Consider a consumer who consumes only two products X and Y. (for example, X may be housing and Y may represent a "composite commodity" con- sifting of all other goods).

  Equilibrium price and equilibrium output

If the firm must act as a perfect competitor, in the long run what will happen to equilibrium price and equilibrium output? Graph.

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!

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