Exam 16: Business Cycles and Unemployment

An example of cyclical unemployment is a(n):

Which phase of the business cycle follows a recession?

The civilian labor force consists of:

The phase of the business cycle that follows a recession is known as the:

When the rate of cyclical unemployment is zero, the:

One problem with the unemployment rate is that:

When macroeconomists refers to "full employment," what do they mean?

The official measure of civilian unemployment in the U.S. might be an understatement of actual unemployment because

Which of the following is associated with peaks in the business cycle?

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

It is difficult for cyclically unemployed individuals to find jobs because:

When an economy is operating at its full employment rate of output:

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

Economic indicators, like unemployment claims and the average workweek, which change before real GDP changes, are called:

Which of the following is not  a valid explanation for the high unemployment rate among African American teens?

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

A business cycle is the:

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

Actual GDP will be below potential GDP:

Exhibit 16-2 Unemployment categories The unemployment rate for the economy in Exhibit 6-2 is: