{"id":216,"date":"2024-09-30T15:18:01","date_gmt":"2024-09-30T19:18:01","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/econ104\/?post_type=chapter&#038;p=216"},"modified":"2024-10-17T15:37:13","modified_gmt":"2024-10-17T19:37:13","slug":"4-3-exercises","status":"publish","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/econ104\/chapter\/4-3-exercises\/","title":{"raw":"4.3 Exercises","rendered":"4.3 Exercises"},"content":{"raw":"<div class=\"textbox textbox--exercises\"><header class=\"textbox__header\">\r\n<h3 class=\"textbox__title\">Exercise 1: Tight labour markets<\/h3>\r\n<\/header>\r\n<div class=\"textbox__content\">\r\n\r\nRead <a href=\"https:\/\/www-economist-com.ezproxy.library.uvic.ca\/graphic-detail\/2023\/01\/24\/where-have-all-americas-workers-gone\">\"Where have all America's workers gone?\"<\/a> <em>The Economist<\/em>, 2023.\r\n<ol>\r\n \t<li>What are the characteristics of a tight labour market? Does it mean the unemployment rate is zero?<\/li>\r\n \t<li>What were the explanations for the tight labour market? How did each factor affect the unemployment rate and the labour force participation rate in the economy?<\/li>\r\n<\/ol>\r\n<\/div>\r\n<\/div>\r\n<div class=\"textbox textbox--exercises\"><header class=\"textbox__header\">\r\n<h3 class=\"textbox__title\">Exercise 2: Low unemployment<\/h3>\r\n<\/header>\r\n<div class=\"textbox__content\">\r\n\r\nRead <a href=\"https:\/\/www-economist-com.ezproxy.library.uvic.ca\/finance-and-economics\/2022\/11\/24\/why-american-unemployment-needs-to-rise\">\"Why American unemployment needs to rise,\"<\/a> <em>The Economist<\/em>, 2022.\r\n<ol>\r\n \t<li>Did the unemployment rate go to zero when so many vacancies were unfilled?<\/li>\r\n \t<li>What was observed in the labour market when unemployment rate became much lower than its usual average? What was the impact on wage? On productivity?<\/li>\r\n \t<li>What could potentially alleviate the tightness in the labour market?<\/li>\r\n<\/ol>\r\n<\/div>\r\n<\/div>\r\n&nbsp;","rendered":"<div class=\"textbox textbox--exercises\">\n<header class=\"textbox__header\">\n<h3 class=\"textbox__title\">Exercise 1: Tight labour markets<\/h3>\n<\/header>\n<div class=\"textbox__content\">\n<p>Read <a href=\"https:\/\/www-economist-com.ezproxy.library.uvic.ca\/graphic-detail\/2023\/01\/24\/where-have-all-americas-workers-gone\">&#8220;Where have all America&#8217;s workers gone?&#8221;<\/a> <em>The Economist<\/em>, 2023.<\/p>\n<ol>\n<li>What are the characteristics of a tight labour market? Does it mean the unemployment rate is zero?<\/li>\n<li>What were the explanations for the tight labour market? How did each factor affect the unemployment rate and the labour force participation rate in the economy?<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<div class=\"textbox textbox--exercises\">\n<header class=\"textbox__header\">\n<h3 class=\"textbox__title\">Exercise 2: Low unemployment<\/h3>\n<\/header>\n<div class=\"textbox__content\">\n<p>Read <a href=\"https:\/\/www-economist-com.ezproxy.library.uvic.ca\/finance-and-economics\/2022\/11\/24\/why-american-unemployment-needs-to-rise\">&#8220;Why American unemployment needs to rise,&#8221;<\/a> <em>The Economist<\/em>, 2022.<\/p>\n<ol>\n<li>Did the unemployment rate go to zero when so many vacancies were unfilled?<\/li>\n<li>What was observed in the labour market when unemployment rate became much lower than its usual average? What was the impact on wage? On productivity?<\/li>\n<li>What could potentially alleviate the tightness in the labour market?<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"author":20,"menu_order":3,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[49],"contributor":[],"license":[],"class_list":["post-216","chapter","type-chapter","status-publish","hentry","chapter-type-numberless"],"part":209,"_links":{"self":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters\/216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/users\/20"}],"version-history":[{"count":14,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters\/216\/revisions"}],"predecessor-version":[{"id":335,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters\/216\/revisions\/335"}],"part":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/parts\/209"}],"metadata":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters\/216\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/media?parent=216"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapter-type?post=216"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/contributor?post=216"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/license?post=216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}