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Chapter 21: Q. 42 (page 525)

Is it desirable to pursue a goal of zero unemployment? Why or why not?

Short Answer

Expert verified

Zero unemployment is not desirable for the country because it means that there is no growth of economic growth.

Step by step solution

01

Step 1. Unemployment Rate.

The unemployment rate is the percentage of adults who are in the labor force and thus seeking jobs, but who do not have jobs.

02

Step 2. Zero Unemployment.

Zero unemployment is not desirable for the country because it means that there is no growth of economic growth. The industries will not be able to expand existing business and people would have no scope to change their jobs and the economy will not try to grow.

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Most popular questions from this chapter

What term describes the remaining level of unemployment that occurs even when the economy is healthy?

Is the higher unemployment rates for minority workers necessarily an indication of discrimination? What could be some other reasons for the higher unemployment rate?

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