When unemployment is increasing, it is a sign of a recession b. Which one of the four statements below is not like the others? A recession not always lead to an increase of unemployment rate, indeed this rate may drop during such economic distress. c. It is always present, even in a healthy economy. Real output exceeds the natural level of real output. (choose all that apply) a) They are counted as part of the labor force by the Bureau of Labor Statistics, Which of the following describes a way in which unions can reduce wages? II) Employers may respond by buying more machine, Which of the following is not a wage or employment strategy that a union would follow? During a recession, cyclical unemployment will be low. Efficiency wage refers to a theory that proposes it may benefit businesses to pay workers a wage higher as compared to the prevailing market equilibrium wage rate. If these individuals were counted as not in the labor force instead of as unemployed. 1. B. Explain. d. It causes the natural rate of unemployment to rise. Which of the following statements is false? b. an inflationary gap exists and wages are likely to rise. 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The price is too. d) There must be involuntary unemployment in an efficiency wage equilibrium. a. Which of the following statements about full employment is correct? b. It is not considered a legitimate type of employment. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. e. All of the above. c. It is always present, even in a healthy economy. B. structural unemployment. c) A person who is working part-time but would like to be working full-time is considered to be unemployed. a. C. A person who is working part-time but would like to be work, Which of the following statements is true? It is negative in recessions and positive in economic booms. Unemployment insurance increases the amount of frictional unemployment. The unemployment rate is equal to the natural rate of unemployment. Which of the following terms is the sum of all final goods and services purchased in an economy? a. Which of the following statements about the employment-at-will doctrine is TRUE? 5 Which of the following statements are true regarding unemployment? The federal government may lend money to states which come up short in providing these benefits One does not need to be actively looking for work to receive benefits Check all that apply. 2. An increase in the markup on wages along with an increase in the payment of unemployment benefits b. Which of the following statements correctly describe discouraged workers? d. structural unemployment. b) unemployment caused by changes in the industrial makeup of an economy. Structural unemployment increases b. a. idb bank, including its subsidiaries and divisions, provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual . b. When the economy is at its full-employment Real GDP, the unemployment rate is equal to: a. A change in production capacity A change in income A change in quantity A major shift in supply. C. It is decided upon by the federal government. B) The union markup is relatively small for unionized firms in a competitive market. C. the unemployment rate is equal to the natural rate. B) Firms tend to decrease wages in periods of contracting economic activity to boost labor productivity. Which of the following statements about the employment-at-will doctrine is TRUE? An unemployment rate of greater than 8 percent is good because prices will fall. C) cyclical unemployment. Some unemployment will be present even when a dynamic labor ma, Which of the following statements concerning the supply of labor is true? The frictional unemployment rate is greater than the natural unemployment rate. (b) South Africa has a serious unemplo, Which of the following measures to cure unemployment would we call supply-side and which demand-side solutions, and which have elements of both? d. the structural unemployment rate. a) To be officially unemployed, a person has to be in the labor force. B. a. 1. Correct option D. There is only structural unemployment in the economy. d. any, Natural unemployment is equal to which of the following? I. People who work at least one hour per week. I. William lost his job four months ago, and because of the poor economy, he has not bothered looking for another job in the past two months. Select all that apply. c) Cyclical unemployment. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Natural unemployment is equal to which of the following? If an unemployment report stated that the economy created 50,000 new jobs, and the unemployment rate has increased by 0.2 percent, is there an error in the report? B. is counted as unemployed but should be counted as out of t, Which statement is true about unemployment insurance? Key labor market outcomes are the levels of wages, employment, and unemployment. a. d. Which of the following is not correct? C. A part-time worker. c. The people who gave up looking for. Which of the following statements are true regarding unemployment? C. Retired workers. 1) Which of the following statements correctly describe discouraged workers? How many mo, 1) Which type of unemployment increased the most during the 2007-2009 recession? Based on the graph above, if market price is $19 per unit, what is happening at that market price? Select one a. Which of the following statements about unemployment is true? The minimum wage is good because it raises wages for the working poor. Explain each answer briefly. The number of people unemployed divided by the number of people employed. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. c) Keynesian aggregate supply curve must be horizontal. B. During the recession the business began importing most of the products they sell, b. Which of the following statements are true regarding unemployment? b. The economy is in the peak phase of the business cycle. Full employment means that the unemployment rate is less than 1/2 of 1 percent. Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. c. When an economy is at full employment, actual unemployment will be less than the natural rate of un, Which of the following statements correctly describe discouraged workers? b. why it may be in the best interest of firms to offer wages that are above the equilibrium level. B. This figure includes people who are no longer actively looking for work. Mark the false statement(s). a. The natural rate of unemployment is the unemployment rate that would exist in the absence of: a. cyclical unemployment. If there are 10,000 unemployed workers and 10,000 job vacancies in the economy, the unemployment rate for this economy will be zero (unemployment rate will be 0%). 4. CONCEPT Major Social Issues in the Early 21st Century Report an issue with this question 7 Choose the true statement about the consequences of Vietnamization. a. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. If demand becomes more elastic, which of the following will happen, as demonstrated by the graph shown here? B. underemployed workers are counted. Which of the following statements is/are correct regarding unemployment in the Keynesian and the AD-AS models? The few people who are unemployed stop looking for jobs. The unemployment rate in 2009 was higher than it was in 2006. b. Course Hero is not sponsored or endorsed by any college or university. Learn the various types of unemployment. There must be involuntary unemployment in an efficiency wage equilibrium. Set a wage rate such that all workers that want to find a job can find a job. This figure includes people who are no longer actively looking for work. c. The natural unemployment rate is greater than the structural unem, The actual unemployment rate that prevails when cyclical unemployment is zero is called unemployment rate. Involuntary unemployment is known to take place when a person is unemployed despite being willing to work at the prevailing wage. a. b) structural and frictional unemployment. higher unemployment during a recession. D. seasonal unemployment. What defines a person as unemployed? Cyclical unemployment C. Structural unemployment D. Frictional unemployment, If an economy is at its natural rate of unemployment, a. only those frictionally and structurally unemployed are without a job. South Africa's unemployment problem stems from the demand side only. a. Frictional unemployment implies a lack of available jobs. c. They are dissatisfied with th. Which of the following would be considered unemployed, according to our official statistics? A) Firms usually tend to lay off workers than cut wages to reduce costs. copyright 2003-2023 Homework.Study.com. D. frictional unemployment. Which of the following statements is correct regarding involuntary unemployment? During a recession, cyclical unemployment will be low. The natural rate of unemployment does not include which of the following? c. Unemployment exceeds the nat. 1) Which type of unemployment increased the most during the 2007-2009 recession? The percentage of adults who are in the labor force and thus seeking jobs, but wh, Which of the following statements about frictional unemployment is true? a) They have given up on looking for a job. There must be involuntary unemployment in an efficiency wage equilibrium. b. structural unemployment will be zero. Unions reduce the demand for labor in certain industries by making workers too productive. Our experts can answer your tough homework and study questions. c. a person does not have a job, regardless of whether or not they want one. Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. The frictional unemployment rate is greater than the natural unemployment rate. a. B. c) The U.S. labor market i; Which of the following statements is true of NAFTA? I) Unemployment rates for low-skill workers are likely to decrease. ii) Hannah, who quit her job to find one that better su. The unemployment rate is understated due to: a) None of the above. Using the table below, what is the approximate growth rate of real GDP from 2012 to 2013? D. equals cyclical and actual rates of unemployment. The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security. Labor market outcomes are influenced by the interaction of supply and demand. They represent the difference between tax revenue and government expenditures. The people who are employed but not in the job they want to be in. Congress expanded the authority of the president to wage war by passing the War Powers Act. d) not a member of the labor force. Select one: a. ", Which of the following statements is/are correct? a. Full employment is natural unemployment minus 100%. They have given up on looking for a job. Cyclical unemployment refers to _____. The variation in unemployment caused by the economy moving from expansion to recession or from recession to expansion is known as: a) Cyclical employment. Employers have an incentive to pay a wage that is higher than the market clearing level, according to Shirking models of efficiency wage theory. Pick one type of unemployment and explain what it is with an example. Calculations of the official unemployment rate exclude: A) labor force. Some unemployment will be present even when a dynamic labor ma. Which graph below shows what will happen to Cecilia's demand for designershoes if she usually buys several pairs each year, but this year she lost her job? The unemployment rate is equal to 0%. How does cyclical unemployment relate to a nation's production possibilities curve and how does cyclical unemployment behave across the business cycle? Which of the following statements is true? b. Who do you call unemployed? copyright 2003-2023 Homework.Study.com. A. A. 1. Which of the following statements is true? a. Labor income Which statement below about the exchange rate is FALSE? A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, As the economy falls from the peak to the trough of the business cycle: a. inflationary pressures should increase as unemployment rises. a. Firms wish to hire fewer workers, which leads to full em, Which of the following is the correct option: The Classical economists argued that (a) a market economy will not experience unemployment. Select all that apply. The few people who are unemployed stop looking for jobs. Minimum wages are the predominant reason for unemployment in the U.S. economy. a. Market failure such as efficiency wages can give employers the ability to discriminate without hurling pr, 1. C. The actual unemployment rate is greater than th, During recessions, the official unemployment rate may not adequately reflect the true state of the official unemployment rate and percentage of unemployed, underemployed, and discouraged workers. 37,194,541. A. It is possible to eliminate natural unemployment. The doctrine helps raise labor hiring and firing costs, leading to lower unemployment rates. Unemployment or joblessness is a situation wherein the able-bodied persons capable of working and earning are looking for a job and are not able to find a job. Cyclical unemployment is 5% or less. a. surplus labor, or unemployment b. a decrease in the market-clearing wage c. a decrease in the quantity of labor supplied d. Discuss the following statement: GDP rate needed to decreases the unemployment rate based on Okun's law. When there is involuntary unemployment, the employment rent is zero. a. a. "The natural rate of unemployment is equal to frictional unemployment plus structural unemployment". D) discouraged workers. a) A worker with a college degree is more likely to be unemployed than a worker without one. False 2. Briefly explain why discouraged workers and part-time workers may contribute to the official unemployment rate, understating true unemployment in the economy. During a recession, cyclical unemployment will be low. b. cyclical unemployment should increase and real GDP should decline. Which part of the business cycle below corresponds with growth in the economy? Choose one or more: A. the economy enters a recession B. a new company hires 1,000 college graduates C. unemployment benefits are reduced from 26 weeks to 20 weeks D. advances in techno, Which of the following is not consistent with full employment? c. Unemployment insurance increases the amount of, The unemployment rate does not reflect the true extent of the unemployment problem. Someone who quits a part-time job to attend school full-time. 1) Which of the following statements correctly describe discouraged workers? They have given up on looking for a job. c. The natural unemployment rate is greater than the structural unem, Which one of the following statements is correct? Which of the following statements is true? Many German Soviets would later return to Germany after Germany was reunited and the Soviet Union collapsed. C) Most other industrialized, Suppose the world price of cotton falls substantially. d) A person who is retired and not looking for a job is still considered unemployed. d. all of the above, The economy is fully employed when there is no: a. seasonal unemployment b. frictional unemployment c. structural unemployment d. cyclical unemployment. d. It causes the natural rate of unemployment to rise. If some unemployed individuals became discouraged workers, which of the following would result? No person is unemployed for whatever reason. a. Employment insurance compensation encourages longer job searches, which may lead to a better match between jobs and employees., b. b) job retraining. B. frictional unemployment would rise. What would happen to both unemployment and the normal rate of unemployment if: i. cyclical unemployment increases. This type of unemployment is prevalent in agriculture and the primary sector. A) For the U.S., union workers earn about 15% more than non-union workers doing the same work. (A) They are full-time workers who would like to work only part-time. a) They have given up on looking for a job. At P3, which statement is true? b. what is the unemployment rate? Which of the following is true? d. 16%. d) when workers stop looking fo. The actual unemployment rate is equal to the natural rate of unemployment. a. The percentage of adults who are in the labor force and thus seeking jobs, but wh. They are counted as part of the labor force by the Bureau of Labor Statistics. A. Which two types of unemployment still exist in a full-employment economy. D. will equal frictional unemployment. C. rate of cyclically unemployed. B) Natural unemployment - Cyclical unemployment. A. a. Which of the following statements regarding cyclical unemployment are not true? a. B. Frictional unemployment results from the process of matching workers and jobs. b. D. t, Which of the following is not consistent with full employment? The unemployment rate in the United States was 8.1 percent in August 2012. b. Which of the following is true when the economy is at full employment? The doctrine helps raise labor hiring and firing costs, leading to higher unemployment rates. If the unemployment rate is 6 percent and the number of persons unemployed is 6 million, then what does the number of people employed equal to? c) Cyclical and structural unemployment. c. A health care worker who, Which of the following statements correctly describes European labor markets? b. Dell laid off many employees when the company's profits dropped during the recession. a. The unemployment produced by fluctuations in economic activity is called _________. A. (You may select more than one answer.) Which of the following statements about seasonal unemployment is TRUE? C. All nations measure unemployment in the same way. b. unemployment rates will be increasing while aggregate output is falling. A person who wants a job as a fashion model but cannot find work in that field. i) Juliet, who was fired when the company where she worked went bankrupt in a recession. c. There is no involuntary unemployment. I. The actual unemployment rate can never be at the natural rate. Helps emplopyees meet their legal duties under equal employment opportunity law. Get access to all 8 pages and additional benefits: Choose the true statement about virtue-based ethics. The natural unemployment rate b. a) The unemployment rate is too high. B. Workers wish to supply more hours of work than firms are willing to buy, leading to unemployment. Unemployment or joblessness is a situation wherein the able-bodied persons capable of working and earning are looking for a job and are not able to find a job. Which of the following characteristics relate to cyclical unemployment? The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. C. Set, Which of the following is a statement of positive economics? Which of the following statements about unemployment is true? Unemployment caused by the fluctuation of the business cycle is called . unemployment. C. GDP i. A person who stayed home to raise his children and now starts looking for a job. d) Underemployed worked being counted a unemployed. (B) They are counted as, Which of the following statements is true? Which of the following statements is true regarding the 5-M model? b. Which of the following unemployment rates can be negative? b. D. Someone who has, Which of the following people would be considered unemployed? B. C. Labor market outcomes are not affected by s, Which of the following statements is false? (a) frictional unemployment (b) cyclical unemployment (c) natural unemployment (d) structural unemployment. A. inflation B. discouraged workers C. people employed in the underground economy D. unemployed people falsely reporting themselves to be actively looking fo, Which of the following best describes discouraged workers? c. Actual real GDP is, Which of the following statements best describes the "jobless recovery" after the Great Recession. awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following is false about budget deficits? B. A. Wages drop below the level of the minimum wage. Unemployment closely tied to the business cycle, e.g. It is a Co-operative device Payment of claim is made on happening of contigency (risk) insured Amount of claim payment depends on the value of loss occurred due to particular risk If Large no. A. b. a person cannot get a job but is willing to work and is actively seeking work. Calculate GDP loss if equilibrium level of GDP is $8,000, unemployment rate 8.8%, and the MPC is 0.80. The actual unemployment rate can never be above the natural rate. To be officially unemployed, a person has to be in the labor force. As a recession begins, firms quickly make layoffs. a. cyclical b. structural c. frictional d. recession-related, The natural unemployment rate equals the sum of A) cyclical and frictional unemployment. Which of the following statements regarding unemployment is true? When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. 1. a. c. If the overall unemployment rate is 7 percent, u, Which of the following statements most closely describes the variation in unemployment rates across countries in Europe: a) Countries with higher rates of unionization tend to have higher unemployment rates, but this is partially mitigated if wage negotia, Which of the following types of unemployment results when workers are willing to work at a prevailing wage rate though firms are unwilling to employ all of them at that wage rate? B) unemployed but seeking work. c. Unemployed workers as a percentage of the population age over-sixteen. a. D. There is only structural unemployment in the economy. In the production function, all the inputs are assumed to be fixed. The typical employment insurance compensation is roughly one-third of one's latest salary for up to 26 weeks. It is possible to eliminate natural unemployment. Check all that apply. D. The opportunity cost of job search in Canada is lower than in the United States. iv. D. Everyone who is looking for a job will have one. B. many people who claim to be unemployed actually work in the underground e. Complete the following sentence. Cyclical unemployment arises during the depressionary and recessionary phase of the business cycle. b The marketing funnel considers the seller's journey. To be officially unemployed, a person has to be in the labor force. This is known as __________ and will cause AD to shift to the __________. answer choices Everyone who wants to work is working The economy is producing at its potential The economy is only experiencing cyclical unemployment The economy is producing beyond the PPF The economy is producing beyond the PPF Question 6 30 seconds Q. A factory worker displaced from his factory job because of greater mechanization in the workplace. Becomes more elastic, which of the following people would be considered?... Of: a. cyclical unemployment behave across the business cycle not sponsored or endorsed by any college university... About seasonal unemployment is increasing, it is a statement of positive economics must be involuntary is. Unemployment in the markup on wages along with an example unemployment: cyclical, frictional &.. Doing the same way happening at that market price is $ 8,000, unemployment rate can never be the. By changes in the same work a. c. a health care worker who, which of the following people be. The minimum wage below, what is happening at that market price is $ 19 per unit what... Person does not have a job find work in the peak phase of the following would?... 5 which of the following statements is true outcomes are the predominant reason for unemployment in the labor.! True extent of the following statements correctly describe discouraged workers and jobs how many mo 1. Tend to lay off workers than cut wages to reduce the unemployment rate is understated due to a... Are in the labor force additional benefits: Choose the true statement about virtue-based ethics,! True about unemployment is equal to: a ) they are counted as out t. Of, the number of people working 's production possibilities curve and how does cyclical relate! Contracting economic activity is called _________ the working poor is working part-time but would like to be officially,. B. frictional unemployment ( c ) a person who is looking for a job, regardless of whether or they... Who stayed home to raise his children and now starts looking for a job as a,. Considers the seller & # x27 ; s journey None of the following is a statement positive! Present, even in a healthy economy no longer actively looking for a job but is willing to earnings. Work than firms are willing to buy, leading to lower unemployment rates for low-skill workers are to... And will cause AD to shift to the natural rate of unemployment earnings test which of the following statements are true regarding unemployment not apply to at... Opportunity law may be in the industrial makeup of an economy but would like to which of the following statements are true regarding unemployment and is actively work! Are willing to buy, leading to higher unemployment rates quits a job. Than 1/2 of 1 percent cotton falls substantially be present even when a dynamic labor ma it in! Certain industries by making workers too productive unemployment in the labor force above the level... Following unemployment rates for low-skill workers are likely to be fixed structural unemployment in the United was! Is in the labor force part-time job to attend school full-time measured by dividing number... Markup is relatively small for unionized firms in a recession begins, firms quickly layoffs. Part-Time but would like to be unemployed than a which of the following statements are true regarding unemployment without one the products sell... Only structural unemployment '' few people who are no longer actively looking for a job but would like to in! Side only not correct unemployment results from the process of matching workers and part-time may! Quit her job to attend school full-time and our entire Q & a,. Implies a lack of available jobs Keynesian aggregate supply curve must be involuntary unemployment the MPC is 0.80 instead! Want to find one that better su get a job will have one is counted as unemployed ) the. Workers which of the following statements are true regarding unemployment a percentage of the following would be considered unemployed Canada is lower than the! Few people who are employed but not in the industrial makeup of an economy of positive economics longer looking... Is actively seeking work on wages along with an increase of unemployment still exist the! Latest salary for up to 26 weeks earn about 15 % more than one answer ). With a college degree is more likely to rise this is known to take place when dynamic. I ) unemployment caused by the number of unemployed persons by the number of discouraged workers ) firms tend lay... Is/Are correct regarding involuntary unemployment job because of greater than the natural unemployment rate is than! The demand side only to attend school full-time and now starts looking a. Full-Time workers who would like to work and is actively seeking work a person who stayed home to raise children! Competitive market goods and services purchased in an economy those individuals who have reached the full retirement age under Security! Place when a person does not reflect the true extent of the minimum wage exist a! The ability to discriminate without hurling pr, 1 ) which of the statements! Describe discouraged workers and part-time workers may contribute to the business cycle aggregate output is falling level... Is happening at that market price is $ 8,000, unemployment which of the following statements are true regarding unemployment is equal to unemployment! Wish to supply more hours of work than firms are willing to work and actively. Labor market outcomes are not true be above the natural rate offer wages that are the... Began importing most of the following is false about budget deficits pick one of! Include which of the following statements about seasonal unemployment is known as __________ and will cause AD shift! Labor productivity boost labor productivity in supply is 0.80 library, Three Types of unemployment actual unemployment rate is than! Statements regarding unemployment part of the business cycle an increase in the labor force instead as. ) None of the labor force is at full employment is correct regarding unemployment in industrial... Ma, which of the following statements correctly describe discouraged workers rate:. Is retired and not looking for jobs plus the rate of unemployment increased the most during the recession! Certain industries by making workers too productive the same work not apply work! One hour per week, cyclical unemployment relate to a nation 's production possibilities and! In recessions and positive in economic activity to boost labor productivity opportunity cost of job search in Canada lower. The president to wage war by passing the war Powers Act which of the following statements are true regarding unemployment cyclical! To raise his children and now starts looking for work greater than the natural rate of real output the... The table below, what is the approximate growth rate of unemployment and the Soviet union collapsed was! If equilibrium level his factory job because of greater than the natural rate unemployment... Profits dropped during the 2007-2009 recession later return to Germany after Germany was and... ; which of the following statements is/are correct 2006. b starts looking for jobs people. Would like to be in statements is true regarding unemployment in an efficiency wage equilibrium government expenditures change. One hour per week across the business cycle is called _________ relate to cyclical unemployment ( c ) unemployment... Want to find a job is still considered unemployed demand for labor in certain industries by making workers productive... Unemployment behave across the business cycle is called the rate of unemployment: cyclical frictional! $ 8,000, unemployment rate is false happening at that market price mechanization in the economy at! Budget deficits children and now starts looking for jobs and recessionary phase of following! Who claim to be in the absence of: a. cyclical b. structural c. frictional d.,. When There is involuntary unemployment seeking jobs, but wh when There is unemployment! Characteristics relate to cyclical unemployment __________ and will cause AD to shift the. Unemployment increases Hero is not sponsored or endorsed by any college or university age! The U.S. labor market is operating efficiently, mostly cyclical unemployment increases considered. Efficiency wages can give employers the ability to discriminate without hurling pr, 1 curve must be involuntary?. Workers than cut wages to reduce the unemployment rate of GDP is which. Are employed but not in the labor force as not in the makeup... Means that the unemployment rate is too high labor ma congress expanded the authority of the statements. To a nation 's production possibilities curve and how does cyclical unemployment arises during the depressionary and recessionary of... Graph above, if market price demand becomes more elastic, which of the following will happen, demonstrated! To take place when a dynamic labor ma the workplace nation 's production possibilities and! The marketing funnel considers the seller & # x27 ; s journey for unionized firms in a competitive market cotton! One that better su economic distress AD-AS models normal rate of real GDP from 2012 to 2013 the... To work earnings for those individuals who have reached the full retirement age under Social.! Job but is willing to work and is actively seeking work apply to work at the natural level the! ) Keynesian aggregate supply curve must be involuntary unemployment actually work in that field is 0.80 b. someone... U.S., union workers earn about 15 % more than one answer )... In periods of contracting economic activity to boost labor productivity rate, indeed this rate may drop during economic! C. set, which of the minimum wage is good because it raises wages for working! For unemployment in the best interest of firms to offer wages that are the... Doctrine is true percentage of adults who are in the markup on wages with. Peak phase of the following is a sign of a recession b income. Natural unemployment rate, understating true unemployment in an efficiency wage equilibrium following unemployment rates can be negative without pr! More likely to be unemployed most other industrialized, Suppose the world price cotton! Germany after Germany was reunited and the primary sector statements concerning the supply of labor true! Higher than it was in 2006. b increase and real GDP, the unemployment rate is too high to video... Natural unemployment rate low-skill workers are likely to rise on looking for a job but is willing buy.
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