Exam 9: Unemployment and Its Natural Rate

Table 9-1 This table shows the 2013 data for males and females aged 15 and over in the country of Bolivar. -Refer to the Table 9-1. What is the adult female labour force in Bolivar?

Suppose the labour market in the house cleaning industry in Quebec City can be described by the following demand and supply equations: LD = 400 - 10w and LS = 40 + 20w. a) Calculate the equilibrium wage and employment if the market is free. b) Suppose the Cleaners' Union, of which all cleaning workers must be members, requires that employers provide workers with high-tech protection equipment, which increases the employers' cost of labour by approximately $2 per hour. However, most workers think that this equipment is not necessary, because their regular, inexpensive outfit does about the same job. Calculate the equilibrium wage and employment under the new equipment requirement. c) Draw a graph to show the effect of the requirement.

What was the purpose of Canada's Public Service Staff Relations Act of 1967?

Which of the following best defines the labour force?

How does Statistics Canada call a person who has a temporary, part-time job?

Figure 9-2 -Refer to the Figure 9-2. If the minimum wage rose from $6 to $7, what would happen to unemployment?

Table 9-1 This table shows the 2013 data for males and females aged 15 and over in the country of Bolivar. -Refer to the Table 9-1. What is the adult population in Bolivar?

Who would be counted as unemployed according to official statistics?

Rick loses his job and immediately begins looking for another. Other things equal, what happens to the unemployment rate?

What is, approximately, the percentage of unionized public workers in Canada?

Which statement ranks categories from smallest to largest according to recent Canadian statistics?

Approximately what percentage of all Canadian workers are union members?

Most spells of unemployment are short, and most unemployment observed at any given time is long term. How can this be?

What does the natural unemployment rate include?

Table 9-1 This table shows the 2013 data for males and females aged 15 and over in the country of Bolivar. -Refer to the Table 9-1. What is the adult labour-force participation rate in Bolivar?

Suppose that in 2015, the demand for construction workers increased and the demands for pipeline and oil field workers diminished. Which type of unemployment does this situation illustrate?

If the wage is kept above the equilibrium wage for any reason, the result is structural unemployment.

Who would be counted as unemployed according to official statistics?

Suppose that some people are counted as unemployed when, to maintain unemployment compensation, they search for work only at places where they are unlikely to be hired. If these individuals were counted as out of the labour force instead of as unemployed, how would the labour statistics change?

In Canada, about what fraction of the time do spells of unemployment end with the person leaving the labour force?