unemployment insurance? (The Meaning of Full employmen why not? How would a more
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unemployment insurance? (The Meaning of Full employmen why not? How would a more generous unemployment insurande system affect the full employment figure? Employment) When the economy is at full t, is the unemployment rate at zero percent? Why o 7-3 Define inflation and describe the two sources of inflation 6 (Two Sources of Inflation) Using aggregate supply and aggregate demand, demonstrate two sources of inflation. Inflation) Here are some recent data on the US.consumer price index: Year CP 1992 140.3 1993 144.5 1994 148.2 2001 177.1 2008 215.3 1995 152.4 2002 179.9 2009 214.5 1996 156.9 2003 184.0 2010 218.1 1997 160.5 2004 188.9 2011 224.9 1998 163.0 2005 195.3 2012 229.6 Year CP Year CPI 1999 166.6 2006 201.6 2000 172.2 2007 207.3 PROBLEMS APPENDIX 329Explanation / Answer
Full employment is an economic situation in which all available labor resources are being used in the most efficient way possible. Full employment embodies the highest amount of skilled and unskilled labor that can be employed within an economy at any given time.
No, unemploynment won't be zero percent, as there will be natural rate of unemploynment, which is the combination of frictional and structural unemployment. And they do persists in an efficient, expanding economy when labor and resource markets are in equilibrium.
A more generous unemploynment insurance decrease the full employnment figure as it decreases the labor force by decreasing the people who are willing to work at the given wage rate.
As the other Question as seperate Question.
And If you don't understand then comment, I'ill revert back on the same. :)
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