Relationship between number of hours worked and unemployment, Macroeconomics

Assignment Help:

Q. Relationship between number of hours worked and unemployment?

In all models we presume a negative relationship between number of hours worked and unemployment. If number of hours worked increases, unemployment will fall and vice versa. This assumption would be true if the workforce is constant and individuals in labor force either work full time or not at all.

In reality, this relationship need not hold. We may see an increase in labor force (for instance from immigration) which is larger than the increase in employment which would lead to an increase in both hours worked and unemployment however we disregard this possibility.


Related Discussions:- Relationship between number of hours worked and unemployment

Market supply of labour, Use a graphical illustration to describe briefly w...

Use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more women en

Utility maximisation - graphical presentation , Utility Maximisation: ...

Utility Maximisation: Graphical Presentation  Let consider a two-commodity world, x 1 and x 2 representing good I and good II respectively. p 1 and p 2 are the prices o

Calculate asset turnover, The following information has been extracted from...

The following information has been extracted from the recently published accounts of Noddy Plc:                           Balance sheet as at 31 st May

Baumol model, what is the role of advertising in baumol''s model?

what is the role of advertising in baumol''s model?

Ppcs, how to get full marks in a drawing of ppc diagrams

how to get full marks in a drawing of ppc diagrams

Explain the following equation, Which of the following equations is FALSE f...

Which of the following equations is FALSE for perfectly competitive firms? A. Total cost = fixed cost + variable cost B. Marginal cost = change in total cost / change in quantity o

Financing of fiscal deficit, Financing of Fiscal Deficit: Since the siz...

Financing of Fiscal Deficit: Since the size of balanced budget of the multiplier is small, it is not for all time possible to get the needed demand expansion by raising the exp

Difference between sampling error and standard error, Which is not true of ...

Which is not true of the difference between sampling error and standard error? a. Standard error is a difference from the population. b. Sampling error can't usually be calcula

Determine aggregate supply curve is vertical or not, Explain whether the fo...

Explain whether the following statements are true or false: a) The long run aggregate supply curve is vertical because economic forces do not affect long run aggregate supply.

Nursing home can experience before it begins to lose money, A nursing home ...

A nursing home contracts with an HMO for skilled nursing care at $2.00 PMPM. If costs are expected to average $120 per day, what is the maximum utilization of days per 1,000 member

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd