Exam 6: Business Cycles and Unemployment

A criticism of the unemployment rate is that:

If you look for a job for eighteen months after graduation, but fail to generate an offer, even after lowering your expectations, the economy is probably in the business cycle phase called a:

Which type of unemployment is most closely connected with the saying "you can't teach an old dog new tricks"?

Full employment means which of the following is zero?

The unemployment rate measures the percentage of:

Unemployment that occurs from fundamental technological changes in the production, or from the substitution of new goods for customary ones, is known as:

Which of the following is a leading business cycle indicator?

A phase in the business cycle in which the economy's real GDP declines is known as:

Which of the following will most likely occur during the recovery phase of a business cycle?

Andrea Burris lost her job in a company layoff 5 months ago. She would take a job if one was offered, but she has given up looking for work until the economy improves. She is:

A person who has lost his or her job because it is now performed by a robot is structurally unemployed.

Which of the following is true of the business cycle record of the United States?

A general mismatch between the skills of unemployed workers and the skills needed by employers with job openings results in:

Which type of unemployment is experienced by a person who is laid off at an office because word processing equipment and software reduce the need for typists?