Problem Session-2 教学课件.pptx

ECO102 Principles of MacroeconomicsProblem Session-4-5-6byResearch Assistant Serkan De?irmenci 19.04.201203.05.201210.05.2012TodayMankiw (2008), Principles of Economics: - Chapter 28: Unemployment: Questions for Review (QfR): 1-7 (page: 636) Problem and Applications (PA): 1-10 (page: 636-637)Chapter 28: QfR-1 (page: 636)What are the three categories into which the Bureau of Labor Statistics divides everyone? How does it compute the labor force, the unemployment rate, and the labor force participation rate? ANSWER: The BLS categorizes each adult (16 years of age and older) as either employed, unemployed, or not in the labor force. The labor force consists of the sum of the employed and the unemployed. The unemployment rate is the percentage of the labor force that is unemployed. The labor-force participation rate is the percentage of the total adult population that is in the labor force. Chapter 28: QfR-2 (page: 636)Is unemployment typically short-term or long-term? Explain. ANSWER: Unemployment is typically short term. Most people who become unemployed are able to find new jobs fairly quickly. But some unemployment is attributable to the relatively few workers who are jobless for long periods of time. Chapter 28: QfR-3 (page: 636)Why is frictional unemployment inevitable? How might the government reduce the amount of frictional unemployment?ANSWER: Frictional unemployment is inevitable because the economy is always changing. Some firms are shrinking while others are expanding. Some regions are experiencing faster growth than other regions. Transitions of workers between firms and between regions are accompanied by temporary unemployment. The government could help to reduce the amount of frictional unemployment through public policies that provide information about job vacancies in order to match workers and jobs more quickly, and through public training programs that help ease the transition of workers from declining to expanding industries and help disadva