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Author Question: Explain how the labor force participation rate, the unemployment rate, and the percentage of the ... (Read 59 times)

Bob-Dole

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on: Jun 29, 2018
Explain how the labor force participation rate, the unemployment rate, and the percentage of the labor force employed part time change in a recession.
 
  What will be an ideal response?

Question 2

The equilibrium exchange rate is 0.70 euros per dollar. At this exchange rate, the quantity demanded equals the quantity supplied and is 1.3 trillion a day. If the exchange rate is now 0.80 euros per dollar, then
 
  A) there is a shortage of dollars and the exchange rate falls.
  B) there is no change.
  C) there is a surplus of dollars and the exchange rate falls.
  D) there is a surplus of dollars and the exchange rate rises.
  E) there is a shortage of dollars and the exchange rate rises.


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lgoldst9

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The labor force participation rate tends to decrease during a recession as more workers become discouraged. The unemployment rate increases during a recession because there are fewer jobs. The percentage of the labor force employed part time tends to increase during a recession as part-time workers for economic reasons increase.

Answer to Question 2

C


Bob-Dole

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Perkypinki

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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