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Financial Accounting4th EditionDon Herrmann, J. David Spiceland, Wayne Thomas 1,097 solutions the natural rate of unemployment will increase Public policy can also have a powerful effect on the natural rate of unemployment. On the supply side of the labor market, public policies to assist the unemployed can affect how eager people are to find work. For example, if a worker who loses a job is guaranteed a generous package of unemployment insurance, welfare benefits, food
stamps, and government medical benefits, then the opportunity cost of unemployment is lower and that worker will be less eager to seek a new job. the car loan must be repaid at a real interest rate of zero Ordinary people can sometimes benefit from the unintended redistributions of inflation. Consider someone who borrows $25,000 to buy a car at a fixed interest rate of 9%. If inflation is 9%, then the real interest rate on the loan is zero. In this case, the borrower's benefit from inflation is the lender's loss.
A borrower paying a fixed interest rate, who benefits from inflation, is just the flip side of an investor receiving a fixed interest rate, who suffers from inflation. (9%−9%=0%) Recommended textbook solutionsPrinciples of Economics8th EditionN. Gregory Mankiw 1,337 solutions Statistics for Business and Economics13th EditionDavid R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams 1,692 solutions
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Statistics for Business and Economics13th EditionDavid R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams 1,692 solutions Which of the following statements is true about the natural unemployment rate?Answer and Explanation: The correct answer is d. Sometimes the actual unemployment rate is below the natural rate. The natural rate of unemployment is the sum of structural and frictional unemployment.
Which of the following unemployment rates is considered to be the real unemployment of the United States?The U-3 rate is watched every month as it is considered a barometer of economic conditions in the United States. When U-3 rates are low, U-6 rates may be higher. Economists consider the U-6 rate as the true rate of employment because it accounts for unemployed, underemployed, and discouraged workers.
Which of the following best describes the unemployment rate quizlet?Which statement best describes the unemployment rate? a) The unemployment rate is the percentage of adults who do not have jobs, divided by the percentage of adults who are in the labor force, but who do not have jobs.
Which of the following defines unemployment?People who are jobless, looking for a job, and available for work are unemployed. The labor force is made up of the employed and the unemployed. People who are neither employed nor unemployed are not in the labor force.
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