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The nation has a higher number of productive resources when the unemployment rate is low.
Nash Towne
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What is an acceptable unemployment rate?
5.4% when the economy is good. 9.5% when the economy is in a recession.
Does an economy with full employment have any type of unemployment rate?
no
When the economy is working properly what is the unemployment rate?
4-6 %
One of the major goals of stabilizing the economy is to?
One of the major goals in keeping the economy stable is to keep a low unemployment rate. Keeping the unemployment rate down is difficult due to lack of jobs.
Is cyclical unemployment and the natural rate of employment the same?
Natural Rate of Unemployment -The natural rate of unemployment is unemployment that does not go away on its own even in the long run. -It is the amount of unemployment that the economy normally experiences.Cyclical Unemployment -Cyclical unemployment refers to the year-to-year fluctuations in unemployment around its natural rate. -It is associated with with short-term ups and downs of the business cycle.
How do unions affect the natural rate of unemployment?
Unions may affect the natural rate of unemployment via the effect on insiders and outsiders. Because unions raise the wage above the equilibrium level, the quantity of labor demanded declines while the quantity supplied of labor rises, so there is unemployment.
How interest rate affect the sa economy?
how interest rates affect the sa economy
How does an unemployment rate help you determine if an economy is strong or weak?
oh my gash
Lagging indicator?
doesn't change direction until a few quarters after the economy does (unemployment rate)
Why is unemployment rate important?
The unemployment rate can be a good indication of the economy's state. High employment rates show a lack in the growth of the economy and vice versa. Also, high levels of unemployment result in a decrease in general consumption (people have less money to spend as they are searching for jobs) and this will contribute to slow business growth.
What do changes in the unemployment rate indicate?
It generally indicates whether an economy is picking up or slowing down.
What is the Unemployment rate now?
What is the national unemployment rate
