Question 1

Most spells of unemployment are short, and most unemployment observed at any given time is long term. How can this be?

Accepted Answer

Most unemployed people in the economy ar

Question 2

Wages in excess of their equilibrium level help explain

Accepted Answer

A) structural unemployment but not the natural rate of unemployment. 
B) the natural rate of unemployment but not structural unemployment. 
C) both structural unemployment and the natural rate of unemployment. 
D) neither structural unemployment nor the natural rate of unemployment. 
A) structural unemployment but not the natural rate of unemployment. 
B) the natural rate of unemployment but not structural unemployment. 
C) both structural unemployment and the natural rate of unemployment. 
D) neither structural unemployment nor the natural rate of unemployment.

Question 3

Which of the following does not help reduce frictional unemployment?

Accepted Answer

A) government-run employment agencies 
B) public training programs 
C) unemployment insurance 
D) All of the above help reduce frictional unemployment. 
A) government-run employment agencies 
B) public training programs 
C) unemployment insurance 
D) All of the above help reduce frictional unemployment.

Question 4

Workers searching for jobs that best suit them is most closely associated with

Accepted Answer

A) cyclical unemployment. 
B) frictional unemployment. 
C) seasonal unemployment. 
D) structural unemployment. 
A) cyclical unemployment. 
B) frictional unemployment. 
C) seasonal unemployment. 
D) structural unemployment.

Question 5

Minimum wages create unemployment in markets where they create a

Accepted Answer

A) shortage of labor. Minimum wage laws are not the predominant reason for unemployment in the U.S. 
B) shortage of labor. Minimum wage laws are the predominant reason for unemployment in the U.S. 
C) surplus of labor. Minimum wage laws are not the predominant reason for unemployment in the U.S. 
D) surplus of labor. Minimum wage laws are the predominant reason for unemployment in the U.S. 
A) shortage of labor. Minimum wage laws are not the predominant reason for unemployment in the U.S. 
B) shortage of labor. Minimum wage laws are the predominant reason for unemployment in the U.S. 
C) surplus of labor. Minimum wage laws are not the predominant reason for unemployment in the U.S. 
D) surplus of labor. Minimum wage laws are the predominant reason for unemployment in the U.S.

Question 6

Figure 28-7  
-Refer to Figure 28-7. If the minimum wage is set at $100, how many will be unemployed?

Accepted Answer

The answer of Figure 28-7  
-Refer to Figure 28-7....

Question 7

​After a couple of months searching for a job, Sofia is hired. Which of the following increases?

Accepted Answer

A) ​the labor force and the labor force participation rate 
B) ​the labor force participation rate but not the labor force 
C) ​The labor force participation rate but not the labor force 
D) ​neither the labor force nor the labor force participation rate 
A) ​the labor force and the labor force participation rate 
B) ​the labor force participation rate but not the labor force 
C) ​The labor force participation rate but not the labor force 
D) ​neither the labor force nor the labor force participation rate

Question 8

Suppose that neither food-service workers nor retail salespeople are unionized. If food-service workers unionize, then the supply of retail salespeople will

Accepted Answer

A) rise, as will the wages of retail salespeople. 
B) rise, and the wages of retail salespeople will fall. 
C) fall, as will the wages of retail salespeople. 
D) fall, and the wages of retail salespeople will rise. 
A) rise, as will the wages of retail salespeople. 
B) rise, and the wages of retail salespeople will fall. 
C) fall, as will the wages of retail salespeople. 
D) fall, and the wages of retail salespeople will rise.

Question 9

Minimum-wage laws, unions, and efficiency wages contribute to

Accepted Answer

A) both structural unemployment and the natural rate of unemployment. 
B) neither structural unemployment nor the natural rate of unemployment. 
C) structural unemployment, but not the natural rate of unemployment. 
D) the natural rate of unemployment, but not structural unemployment. 
A) both structural unemployment and the natural rate of unemployment. 
B) neither structural unemployment nor the natural rate of unemployment. 
C) structural unemployment, but not the natural rate of unemployment. 
D) the natural rate of unemployment, but not structural unemployment.

Question 10

Write the formula for calculating the unemployment rate.

Accepted Answer

The answer of Write the formula for calculating the unemployment...

Question 11

Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called

Accepted Answer

A) the natural rate of unemployment. 
B) cyclical unemployment. 
C) structural unemployment. 
D) frictional unemployment. 
A) the natural rate of unemployment. 
B) cyclical unemployment. 
C) structural unemployment. 
D) frictional unemployment.

Question 12

Over the past several decades, the difference between the labor-force participation rates of men and women in the U.S. has gradually decreased.

Accepted Answer

A) True 
 B)False

Question 13

The natural rate of unemployment is impervious to economic policy.

Accepted Answer

A) True 
 B)False

Question 14

In 2014, the Italian adult non-institutionalized population was 38.8 million, the labor force was 25.4 million, and the number of people employed was 22 million. According to these numbers, the Italian labor-force participation rate and unemployment rate were about

Accepted Answer

A) 65.5% and 13.4% 
B) 65.5% and 8.8% 
C) 56.7% and 13.4% 
D) 56.7% and 8.8% 
A) 65.5% and 13.4% 
B) 65.5% and 8.8% 
C) 56.7% and 13.4% 
D) 56.7% and 8.8%

Question 15

Why have labor-force participation rates for women in the United States increased since World War II while labor-force participation rates for men have decreased?

Accepted Answer

Causes of the increase in the U.S. women

Question 16

Discouraged workers are included in

Accepted Answer

A) the number of unemployed. 
B) frictional unemployment. 
C) the labor force. 
D) None of the above is correct. 
A) the number of unemployed. 
B) frictional unemployment. 
C) the labor force. 
D) None of the above is correct.

Question 17

Rafael is the newly-appointed plant manager for a company that manufactures head phones. Rafael's senior supervisors told him that the output the firm produces, given the number of workers employed, indicates that some workers may be shirking. According to efficiency wage theory, what should he do?

Accepted Answer

A) pay all workers more than the equilibrium wage rate 
B) pay all workers below the equilibrium wage rate to make up for the loss from shirking 
C) make sure that workers are getting paid exactly the equilibrium wage rate 
D) fire the workers with the most seniority 
A) pay all workers more than the equilibrium wage rate 
B) pay all workers below the equilibrium wage rate to make up for the loss from shirking 
C) make sure that workers are getting paid exactly the equilibrium wage rate 
D) fire the workers with the most seniority

Question 18

The unemployment that results from the process of matching workers and jobs is called frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 19

Table 28-2
Labor Data for Aridia  
-Refer to Table 28-2. The number of adults not in the labor force of Aridia in 2012 was

Accepted Answer

A) 200. 
B) 1,400. 
C) 1,600. 
D) 3,000. 
A) 200. 
B) 1,400. 
C) 1,600. 
D) 3,000.

Question 20

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Accepted Answer

A) True 
 B)False

Exam 28: Unemployment and Its Natural Rate

Most spells of unemployment are short, and most unemployment observed at any given time is long term. How can this be?

Wages in excess of their equilibrium level help explain

Which of the following does not help reduce frictional unemployment?

Workers searching for jobs that best suit them is most closely associated with

Minimum wages create unemployment in markets where they create a

Figure 28-7 -Refer to Figure 28-7. If the minimum wage is set at $100, how many will be unemployed?

​After a couple of months searching for a job, Sofia is hired. Which of the following increases?

Suppose that neither food-service workers nor retail salespeople are unionized. If food-service workers unionize, then the supply of retail salespeople will

Minimum-wage laws, unions, and efficiency wages contribute to

Write the formula for calculating the unemployment rate.

Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called

Over the past several decades, the difference between the labor-force participation rates of men and women in the U.S. has gradually decreased.

The natural rate of unemployment is impervious to economic policy.

In 2014, the Italian adult non-institutionalized population was 38.8 million, the labor force was 25.4 million, and the number of people employed was 22 million. According to these numbers, the Italian labor-force participation rate and unemployment rate were about

Why have labor-force participation rates for women in the United States increased since World War II while labor-force participation rates for men have decreased?

Discouraged workers are included in

Rafael is the newly-appointed plant manager for a company that manufactures head phones. Rafael's senior supervisors told him that the output the firm produces, given the number of workers employed, indicates that some workers may be shirking. According to efficiency wage theory, what should he do?

The unemployment that results from the process of matching workers and jobs is called frictional unemployment.

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The number of adults not in the labor force of Aridia in 2012 was

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Elasticity and Its Application

Supply, Demand, and Government Policies

Consumers, Producers, and the Efficiency of Markets

Applications: the Costs of Taxation

Application: International Trade

Externalities

Public Goods and Common Resources

The Design of the Tax System

The Costs of Production

Firms in Competitive Markets

Monopoly

Monopolistic Competition

Oligopoly

The Markets for the Factors of Production

Earnings and Discrimination

Income Inequality and Poverty

The Theory of Consumer Choice

Frontiers in Microeconomics

Measuring a Nation S Income

Measuring the Cost of Living

Production and Growth

Saving, Investment, and the Financial System

Tools of Finance

The Monetary System

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Open Economy

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Six Debates Over Macroeconomic Policy

Filters

After a couple of months searching for a job, Sofia is hired. Which of the following increases?