Exam 16: Business Cycles and Unemployment

Suppose the official unemployment rate is 10 percent. We can conclude without question that:

Which of the following is not a variable in the index of leading indicators?

In an economic expansion, people used their charge cards to purchase many goods. Now the economy is in a recession and people must use much of their reduced incomes to pay back debts. If employees manufacturing the goods people used to buy are laid off, they will suffer from:

Which one of the following persons would be considered unemployed?

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

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:

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

Economists use the phrase "business cycle" when referring to fluctuations in:

Structural unemployment is unemployment caused by:

The unemployment rate will decrease whenever there is a(n):

The natural rate of unemployment occurs if there is no:

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

Eric lost his job because a recession caused his employer's sales to fall. This is an example of:

Of the four groups listed below, the highest unemployment rate is typically experienced by: