A) guarantee workers the right to form unions. B) give workers in a unionized firm the right to choose whether to join the union. C) prevent employers from hiring permanent replacements for workers who are on strike. D) prevent workers from being fired because of increases in wages brought about by collective bargaining. A) guarantee workers the right to form unions. B) give workers in a unionized firm the right to choose whether to join the union. C) prevent employers from hiring permanent replacements for workers who are on strike. D) prevent workers from being fired because of increases in wages brought about by collective bargaining.

Exam 28: Unemployment and Its Natural Rate

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Following the recession of 2001, there was a month in which employment and the unemployment rate both rose. Assuming the computations were correct, how is it possible for both to have increased?

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Question 61

The Bureau of Labor Statistics' U-3 measure of joblessness is the official unemployment rate.

(True/False)

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Question 62

Because people move into and out of the labor force so often, statistics on unemployment are difficult to interpret.

(True/False)

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Question 63

The Bureau of Labor Statistics' U-5 measure of joblessness is the official unemployment rate.

(True/False)

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Question 64

List the four ways to explain unemployment in the long run.

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Question 65

In an ideal labor market, wages would adjust to balance the quantity of labor supplied and the quantity of labor demanded, ensuring that all workers are always fully employed.

(True/False)

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Question 66

The normal rate of unemployment around which the unemployment rate fluctuates is called cyclical unemployment.

(True/False)

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Question 67

The process by which unions and firms agree on the terms of employment is called collective bargaining.

(True/False)

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Question 68

Right-to-work laws

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Question 69

Minimum-wage laws affect all workers.

(True/False)

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Question 70

When job search is the explanation for unemployment, workers are searching for the jobs that best suit their tastes and skills, but when the wage is above the equilibrium level, the quantity of labor supplied exceeds the quantity of labor demanded, and workers are unemployed because they are waiting for jobs to open up.

(True/False)

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Question 71

Most job search in the U.S. economy takes place without intervention by the government.

(True/False)

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Question 72

Over the past several decades in the United States, the labor-force participation rate of women has increased and the labor-force participation rate of men had decreased.

(True/False)

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Question 73

The natural rate of unemployment is impervious to economic policy.

(True/False)

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Question 74

It is best to view the official unemployment rate as a useful but imperfect measure of joblessness.

(True/False)

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Question 75

Changes in the composition of demand among industries or regions are called sectoral shifts.

(True/False)

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Question 76

Today, unions play a larger role in Europe than they do in the U.S.

(True/False)

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Question 77

Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

(True/False)

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Question 78

Within the U.S. population, teenagers (ages 16-19) have lower rates of labor-force participation than adults of prime working age (ages 25-54), regardless of race or gender.

(True/False)

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Question 79

An American worker who becomes unemployed typically receives 100% of her former salary during the first six months she is unemployed.

(True/False)

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Question 80

Showing 61 - 80 of 361

Exam 28: Unemployment and Its Natural Rate

Following the recession of 2001, there was a month in which employment and the unemployment rate both rose. Assuming the computations were correct, how is it possible for both to have increased?

The Bureau of Labor Statistics' U-3 measure of joblessness is the official unemployment rate.

Because people move into and out of the labor force so often, statistics on unemployment are difficult to interpret.

The Bureau of Labor Statistics' U-5 measure of joblessness is the official unemployment rate.

List the four ways to explain unemployment in the long run.

In an ideal labor market, wages would adjust to balance the quantity of labor supplied and the quantity of labor demanded, ensuring that all workers are always fully employed.

The normal rate of unemployment around which the unemployment rate fluctuates is called cyclical unemployment.

The process by which unions and firms agree on the terms of employment is called collective bargaining.

Right-to-work laws

Minimum-wage laws affect all workers.

Most job search in the U.S. economy takes place without intervention by the government.

Over the past several decades in the United States, the labor-force participation rate of women has increased and the labor-force participation rate of men had decreased.

The natural rate of unemployment is impervious to economic policy.

It is best to view the official unemployment rate as a useful but imperfect measure of joblessness.

Changes in the composition of demand among industries or regions are called sectoral shifts.

Today, unions play a larger role in Europe than they do in the U.S.

Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

Within the U.S. population, teenagers (ages 16-19) have lower rates of labor-force participation than adults of prime working age (ages 25-54), regardless of race or gender.

An American worker who becomes unemployed typically receives 100% of her former salary during the first six months she is 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 Nations 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

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