Exam 6: Business Cycles and Unemployment

Althea, a brilliant new Ph.D. in economics, has turned down many job offers because she hopes eventually to teach at one of the top 10 universities in her field. The type of unemployment she is experiencing is:

In the United States, the unemployment rate for women is roughly the same as the unemployment rate for men.

Full employment is the situation in which the economy operates at an unemployment rate equal to the sum of:

The combination of frictional and structural unemployment is the:

The unemployment rate equals the number of persons:

When actual real GDP output is below full-employment real GDP, the GDP measures the cost of cyclical unemployment.

Business cycles vary greatly in duration and intensity.

Which of the following people would be officially counted as unemployed?

Exhibit 6-3 Unemployment categories According to data in Exhibit 6-3 and assuming the total number of workers is 8,400, the unemployment rate is:

Which of the following is true ?

Bob is unemployed because his skills have become obsolete due to technological advances. This is ____ unemployment.

Cyclical unemployment:

Cyclical unemployment refers to unemployment resulting from:

Suppose the index of leading economic indicators begins to decline for several months. Which of the following economic events will likely follow?

The government's chief forecasting gauge for business cycles is the chained real GDP indicators.

A person who voluntarily quits his\her job in New York and expects to get a similar job in Los Angeles is an example of:

Unemployment that is of a short duration to allow time to find a new job is:

Suppose u = those adults who are unemployed and seeking work; e = those adults who are employed; and NLF = those adults not in the labor force. Which expression would equal the BLS definition of the unemployment rate?

Structural unemployment is a special type of cyclical unemployment.

Which of the following demographic groups in the U.S. has the highest unemployment rates?