Question 1

Which of the following is true?

Accepted Answer

A) Unemployment rates for young people are similar in the United States and Europe. 
B) Unemployment rates for young people have always been lower in the United States than in Europe. 
C) Unemployment rates for young people have always been higher in the United States than in Europe. 
D) Unemployment rates for young people have been lower in the United States than in Europe over the past 20 years. 
E) Unemployment among young people is not a problem in Europe. 
A) Unemployment rates for young people are similar in the United States and Europe. 
B) Unemployment rates for young people have always been lower in the United States than in Europe. 
C) Unemployment rates for young people have always been higher in the United States than in Europe. 
D) Unemployment rates for young people have been lower in the United States than in Europe over the past 20 years. 
E) Unemployment among young people is not a problem in Europe.

Question 2

The government wants to reduce the unemployment rate for young people. The four programs it is considering are:
   Explain how each of these programs would affect unemployment for young people. How would you decide which one to choose?

Accepted Answer

Each program is likely to reduce unemplo

Question 3

In the job-search theory, people are unemployed because more jobs are destroyed than are created.

Accepted Answer

A) True 
 B)False

Question 4

Suppose there are 128 million people in the labor force, and 119 million of them have jobs. How many people in the labor force are likely to be counted as long-term unemployed?

Accepted Answer

A) 4.5 million 
B) 1.5 million 
C) 3.15 million 
D) 0.45 million 
E) 19.2 million 
A) 4.5 million 
B) 1.5 million 
C) 3.15 million 
D) 0.45 million 
E) 19.2 million

Question 5

What is meant by frictional and structural unemployment?

Accepted Answer

Frictional unemployment includes those w

Question 6

Use the information in the table below.

Accepted Answer

The answer of Use the information in the table below.
...

Question 7

Differences in unemployment rates among young adults in the United States, France, and Spain will likely persist because

Accepted Answer

A) the differences in unemployment rates in these countries are caused by cyclical factors. 
B) there is no valid economic explanation for why these differences in unemployment rates persist. 
C) the unemployment rate among young adults is not an important macroeconomic problem. 
D) policies to alleviate this problem involve substantial costs to workers, the firms that hire them, and the politicians who would propose these policies. 
E) high unemployment rates among young adults is socially desirable. 
A) the differences in unemployment rates in these countries are caused by cyclical factors. 
B) there is no valid economic explanation for why these differences in unemployment rates persist. 
C) the unemployment rate among young adults is not an important macroeconomic problem. 
D) policies to alleviate this problem involve substantial costs to workers, the firms that hire them, and the politicians who would propose these policies. 
E) high unemployment rates among young adults is socially desirable.

Question 8

The Current Population Survey is a survey of

Accepted Answer

A) 1 million households in the United States. 
B) all households in the United States. 
C) unemployed individuals. 
D) 60,000 households in the United States. 
E) the whole U.S.population. 
A) 1 million households in the United States. 
B) all households in the United States. 
C) unemployed individuals. 
D) 60,000 households in the United States. 
E) the whole U.S.population.

Question 9

Which of the following statements is false?

Accepted Answer

A) Unemployment rates vary across groups of individuals of different gender, age, race, and education. 
B) Unemployment rates vary across countries. 
C) The United States in a recession may have a lower unemployment rate than other economies that are booming. 
D) At any given month the unemployment rate is the same in every country. 
E) The United States in a recession may have a higher unemployment rate than other economies that are booming. 
A) Unemployment rates vary across groups of individuals of different gender, age, race, and education. 
B) Unemployment rates vary across countries. 
C) The United States in a recession may have a lower unemployment rate than other economies that are booming. 
D) At any given month the unemployment rate is the same in every country. 
E) The United States in a recession may have a higher unemployment rate than other economies that are booming.

Question 10

Job rationing and job search are competing explanations of why unemployment exists.

Accepted Answer

A) True 
 B)False

Question 11

The average number of hours of work per worker each week is 40 hours.

Accepted Answer

A) True 
 B)False

Question 12

The following table shows the demand and supply of skilled labor at different hourly wages.

Accepted Answer

The answer of The following table shows the demand and...

Exam 20: Unemployment and Employment

Which of the following is true?

The government wants to reduce the unemployment rate for young people. The four programs it is considering are: Explain how each of these programs would affect unemployment for young people. How would you decide which one to choose?

In the job-search theory, people are unemployed because more jobs are destroyed than are created.

Suppose there are 128 million people in the labor force, and 119 million of them have jobs. How many people in the labor force are likely to be counted as long-term unemployed?

What is meant by frictional and structural unemployment?

Use the information in the table below.

Differences in unemployment rates among young adults in the United States, France, and Spain will likely persist because

The Current Population Survey is a survey of

Which of the following statements is false?

Job rationing and job search are competing explanations of why unemployment exists.

The average number of hours of work per worker each week is 40 hours.

The following table shows the demand and supply of skilled labor at different hourly wages.

The Central Idea

Observing and Explaining the Economy

The Supply and Demand Model

Subtleties of the Supply and Demand Model

The Demand Curve and the Behavior of Consumers

The Supply Curve and the Behavior of Firms

The Efficiency of Markets

Costs and the Changes at Firms Over Time

The Rise and Fall of Industries

Monopoly

Product Differentiation, Monopolistic Competition, and Oligopoly

Antitrust Policy and Regulation

Labor Markets

Taxes, Transfers, and Income Distribution

Public Goods, Externalities, and Government Behavior

Capital and Financial Markets

Macroeconomics: the Big Picture

Measuring the Production, Income, and Spending of Nations

The Spending Allocation Model

Productivity and Economic Growth

Money and Inflation

The Nature and Causes of Economic Fluctuations

The Economic Fluctuations Model

Using the Economic Fluctuations Model

Fiscal Policy

Monetary Policy

Economic Growth Around the World

International Trade

International Finance

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