Unemployment Generated by the Existence of Labor Unions Is Structural

question 294

True/False

Unemployment generated by the existence of labor unions is structural unemployment and so contributes to the natural rate of unemployment.

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Definitions:

Explanatory Variables

Variables in a statistical model that are used to explain changes or differences in a response variable.

T-Statistic

A value used in hypothesis testing, calculated as the difference between an observed sample mean and the population mean divided by the standard error of the mean.

Coefficient on Education

A statistical measure in regression that represents the change in the dependent variable resulting from a one-unit change in the level of education, all else being equal.

Significantly Different

A term used in statistics to indicate that the observed differences between groups or variables are too large to be attributed to chance alone, according to a predefined level of significance.