Asked by Cameron Hutton on Jun 09, 2024
Verified
Teenagers have more frequent unemployment spells and spend more time searching for jobs. Other thing the same, this means that teenagers have a
A) higher unemployment rate.If a larger portion of the adult population were teenagers, the natural rate of unemployment would be higher.
B) higher unemployment rate.The portion of the adult population that is teenagers does not affect the natural rate of unemployment.
C) lower unemployment rate.If a larger portion of the adult population were teenagers, the natural rate of unemployment would be lower.
D) lower unemployment rate.The portion of the adult population that is teenagers does not affect the natural rate of unemployment.
Unemployment Rate
The percentage of actively job-seeking, unemployed individuals within the labor force.
Natural Rate of Unemployment
Refers to the level of unemployment consistent with a stable rate of inflation, representing the proportion of the labor force that is unemployed due to factors like job mismatch or natural turnover rather than economic downturns.
- Identify and compare the characteristics and economic implications of cyclical, frictional, and structural unemployment.
- Examine the patterns of participation rates in the labor force over various time periods and among different demographic groups.
Verified Answer
MF
Makaila Foster 'student'Jun 13, 2024
Final Answer :
A
Explanation :
Teenagers typically have higher unemployment rates due to more frequent job changes and longer job search times. If teenagers make up a larger portion of the adult population, the overall natural rate of unemployment would increase because the group with a higher propensity for unemployment is larger.
Learning Objectives
- Identify and compare the characteristics and economic implications of cyclical, frictional, and structural unemployment.
- Examine the patterns of participation rates in the labor force over various time periods and among different demographic groups.