Question 1

The natural unemployment rate occurs

Accepted Answer

A)  at the full employment level of unemployment. 
B)  when the structural unemployment rate equals zero. 
C)  when the frictional unemployment rate equals zero. 
D)  when the seasonal unemployment rate equals zero. 
E)  when the unemployment rate equals zero. 
A)  at the full employment level of unemployment. 
B)  when the structural unemployment rate equals zero. 
C)  when the frictional unemployment rate equals zero. 
D)  when the seasonal unemployment rate equals zero. 
E)  when the unemployment rate equals zero.

Question 2

If the working age population ________ and the labor force does not change, the ________.

Accepted Answer

A)  increases; labor force participation rate will increase 
B)  increases; labor force participation rate will decrease 
C)  increases; unemployment rate will increase 
D)  decreases; unemployment rate will increase 
E)  decreases; labor force will increase 
A)  increases; labor force participation rate will increase 
B)  increases; labor force participation rate will decrease 
C)  increases; unemployment rate will increase 
D)  decreases; unemployment rate will increase 
E)  decreases; labor force will increase

Question 3

Define and give an example of how a spell of structural unemployment can begin.

Accepted Answer

Structural unemployment arises when chan

Question 4

If a significant number of part-time workers successfully find full-time employment, then

Accepted Answer

A)  the unemployment rate will fall. 
B)  the labor force participation rate will increase.. 
C)  the unemployment rate will remain unchanged. 
D)  the unemployment rate will rise. 
E)  Both answers A and B are correct. 
A)  the unemployment rate will fall. 
B)  the labor force participation rate will increase.. 
C)  the unemployment rate will remain unchanged. 
D)  the unemployment rate will rise. 
E)  Both answers A and B are correct.

Question 5

Mary loves the outdoors, so every summer Mary works as a lifeguard at the YMCA.Once summer ends Mary returns to college as a full-time student.After summer ends Mary is considered

Accepted Answer

A)  not in the labor force. 
B)  frictionally unemployed. 
C)  structurally unemployed. 
D)  cyclically unemployed. 
E)  seasonally unemployed. 
A)  not in the labor force. 
B)  frictionally unemployed. 
C)  structurally unemployed. 
D)  cyclically unemployed. 
E)  seasonally unemployed.

Question 6

$$\begin{array} { l c } 
{ \text { Category } } & \begin{array} { c } 
\text { Number of People } \
\text { (millions) }
\end{array} \
\hline \text { Population } & 280 \
\text { Workingage population } & 210 \
\text { Labor force } & 150 \
\text { Employed } & 135 \
\text { Unemployed } & 15 \
\hline
\end{array}$$
-Based on the above table, the labor force participation rate is

Accepted Answer

A)  71.4 percent. 
B)  82 percent. 
C)  53.6 percent. 
D)  75 percent. 
E)  64.3 percent. 
A)  71.4 percent. 
B)  82 percent. 
C)  53.6 percent. 
D)  75 percent. 
E)  64.3 percent.

Question 7

Why is there unemployment even when the economy is at "full employment"?

Accepted Answer

There is unemployment even at "full empl

Question 8

Hannah is hostess at the local restaurant that is popular with tourists. She was laid off from her job as the level of tourism declined in the fall. Hannah's unemployment is best classified as

Accepted Answer

A)  cyclical. 
B)  seasonal. 
C)  structural. 
D)  frictional. 
E)  monthly. 
A)  cyclical. 
B)  seasonal. 
C)  structural. 
D)  frictional. 
E)  monthly.

Question 9

June has never had a job but will graduate from college this coming spring when she will look for a job.June is classified as a

Accepted Answer

A)  job leaver. 
B)  job market entrant. 
C)  job loser. 
D)  job market reentrant. 
E)  discouraged worker. 
A)  job leaver. 
B)  job market entrant. 
C)  job loser. 
D)  job market reentrant. 
E)  discouraged worker.

Question 10

$$\begin{array} { l c } 
 { \text { Category } } & \begin{array} { c } 
\text { Number of People } \
\text { (millions) }
\end{array} \
\hline \text { Marginally attached w orkers } & 2.1 \
\text { Unemployed w orkers } & 12.1 \
\text { Employed workers } & 140.0 \
\text { Workingage population } & 250.0 \
\hline
\end{array}$$
-Using the data in the above table, the unemployment rate is

Accepted Answer

A)  9.3 percent. 
B)  8.6 percent. 
C)  8.0 percent. 
D)  4.8 percent. 
E)  4.6 percent. 
A)  9.3 percent. 
B)  8.6 percent. 
C)  8.0 percent. 
D)  4.8 percent. 
E)  4.6 percent.

Question 11

Pamella just graduated with a music degree and has been sending applications to symphony orchestras.Pamella is a

Accepted Answer

A)  job market reentrant. 
B)  job market entrant. 
C)  job leaver. 
D)  not unemployed because she just graduated. 
E)  discouraged worker. 
A)  job market reentrant. 
B)  job market entrant. 
C)  job leaver. 
D)  not unemployed because she just graduated. 
E)  discouraged worker.

Question 12

In the United States, over the past 50 years the total labor force participation rate

Accepted Answer

A)  has increased. 
B)  has decreased. 
C)  has remained more or less constant. 
D)  has fluctuated substantially. 
E)  first decreased slightly and then increased significantly. 
A)  has increased. 
B)  has decreased. 
C)  has remained more or less constant. 
D)  has fluctuated substantially. 
E)  first decreased slightly and then increased significantly.

Question 13

George quit his job when his wife took a job in another state and they moved. George is a

Accepted Answer

A)  job leaver. 
B)  job market entrant. 
C)  job loser. 
D)  job market reentrant. 
E)  withdrawal. 
A)  job leaver. 
B)  job market entrant. 
C)  job loser. 
D)  job market reentrant. 
E)  withdrawal.

Question 14

Consider the following people:
Chris quits his job as an automobile mechanic to pursue his college education full-time.
Darrelo was laid off from her technical support job because of a strike by production workers and is currently looking for a new job.
Rita graduated from college and is currently looking for a job.
Armondo quit his old job and will begin his new job in four days.
Thorton was fired from his job as a steel worker because of massive imports of steel and he is looking for a new job.
Valery is a ski instructor from December to April and she is currently sailing for enjoyment, which is what she does the rest of the year.
Jung was laid off from his job as an appraiser because the firm's business declined because of a general downturn in the economy and he is currently looking for a new job as an appraiser.
-According to the scenario above, in which of the following groups are all the people seasonally unemployed?

Accepted Answer

A)  Valery 
B)  Thorton 
C)  Darrelo 
D)  Darrelo and Valery 
E)  Rita and Armondo 
A)  Valery 
B)  Thorton 
C)  Darrelo 
D)  Darrelo and Valery 
E)  Rita and Armondo

Question 15

$$\begin{array} { l c } 
 { \text { Category } } & \begin{array} { c } 
\text { Number of people } \
\text { (millions) }
\end{array} \
\hline \text { Discouraged workers } & 5 \
\text { Unemployed workers } & 12 \
\text { Employed workers } & 48 \
\text { Working.age population } & 100 \
\hline
\end{array}$$
-From the table above, which gives data about the U.S.labor market in 1933, the labor force participation rate is

Accepted Answer

A)  12 percent. 
B)  48 percent. 
C)  60 percent. 
D)  95 percent. 
E)  65 percent. 
A)  12 percent. 
B)  48 percent. 
C)  60 percent. 
D)  95 percent. 
E)  65 percent.

Question 16

If the Federal government expands its support of education and retraining of workers who have been unemployed for a relatively long length of time, which type of unemployment would the education and retraining most likely be targeted?

Accepted Answer

A)  Cyclical 
B)  Seasonal 
C)  Structural 
D)  Frictional 
E)  Discouraged 
A)  Cyclical 
B)  Seasonal 
C)  Structural 
D)  Frictional 
E)  Discouraged

Question 17

During a recession, cyclical unemployment ________ and real GDP ________.

Accepted Answer

A)  increases; increases 
B)  increases; decreases 
C)  decreases; decreases 
D)  decreases; increases 
E)  does not change; decreases 
A)  increases; increases 
B)  increases; decreases 
C)  decreases; decreases 
D)  decreases; increases 
E)  does not change; decreases

Question 18

A weakness that could be noted about the unemployment rate is that it

Accepted Answer

A)  does not account for the underutilization of workers. 
B)  considers marginally attached workers as unemployed. 
C)  over estimates the number of part-time workers. 
D)  it does not count part-time workers. 
E)  counts discouraged workers as employed. 
A)  does not account for the underutilization of workers. 
B)  considers marginally attached workers as unemployed. 
C)  over estimates the number of part-time workers. 
D)  it does not count part-time workers. 
E)  counts discouraged workers as employed.

Question 19

Most unemployed people are unemployed because they are

Accepted Answer

A)  job leavers. 
B)  job losers. 
C)  reentrants or new entrants into the labor force. 
D)  withdrawn from the labor force. 
E)  discouraged workers. 
A)  job leavers. 
B)  job losers. 
C)  reentrants or new entrants into the labor force. 
D)  withdrawn from the labor force. 
E)  discouraged workers.

Question 20

Cyclical unemployment is

Accepted Answer

A)  the total of structural and frictional unemployment. 
B)  always greater than the total of structural and frictional unemployment. 
C)  created by a recession. 
D)  higher when the economy is expanding. 
E)  part of frictional unemployment. 
A)  the total of structural and frictional unemployment. 
B)  always greater than the total of structural and frictional unemployment. 
C)  created by a recession. 
D)  higher when the economy is expanding. 
E)  part of frictional unemployment.

The natural unemployment rate occurs

If the working age population and the labor force does not change, the .

Define and give an example of how a spell of structural unemployment can begin.

If a significant number of part-time workers successfully find full-time employment, then

Mary loves the outdoors, so every summer Mary works as a lifeguard at the YMCA.Once summer ends Mary returns to college as a full-time student.After summer ends Mary is considered

Category Number of People (millions) Population 280 Workingage population 210 Labor force 150 Employed 135 Unemployed 15 -Based on the above table, the labor force participation rate is

Why is there unemployment even when the economy is at "full employment"?

Hannah is hostess at the local restaurant that is popular with tourists. She was laid off from her job as the level of tourism declined in the fall. Hannah's unemployment is best classified as

June has never had a job but will graduate from college this coming spring when she will look for a job.June is classified as a

Category Number of People (millions) Marginally attached w orkers 2.1 Unemployed w orkers 12.1 Employed workers 140.0 Workingage population 250.0 -Using the data in the above table, the unemployment rate is

Pamella just graduated with a music degree and has been sending applications to symphony orchestras.Pamella is a

In the United States, over the past 50 years the total labor force participation rate

George quit his job when his wife took a job in another state and they moved. George is a

Category Number of people (millions) Discouraged workers 5 Unemployed workers 12 Employed workers 48 Working.age population 100 -From the table above, which gives data about the U.S.labor market in 1933, the labor force participation rate is

If the Federal government expands its support of education and retraining of workers who have been unemployed for a relatively long length of time, which type of unemployment would the education and retraining most likely be targeted?

During a recession, cyclical unemployment and real GDP .

A weakness that could be noted about the unemployment rate is that it

Most unemployed people are unemployed because they are

Cyclical unemployment is

Getting Started

The Usand Global Economies

The Economic Problem

Demand and Supply

Gdp: a Measure of Total Production and Income

The Cpi and the Cost of Living

Potential Gdp and the Natural Unemployment Rate

Economic Growth

Finance, Saving, and Investment

The Monetary System

Money, Interest, and Inflation

Aggregate Supply and Aggregate Demand

Aggregate Expenditure Multiplier

The Short-Run Policy Tradeoff

Fiscal Policy

Monetary Policy

International Trade Policy

International Finance

Filters

Exam 6: Jobs and Unemployment

The natural unemployment rate occurs

If the working age population ________ and the labor force does not change, the ________.

Define and give an example of how a spell of structural unemployment can begin.

If a significant number of part-time workers successfully find full-time employment, then

Mary loves the outdoors, so every summer Mary works as a lifeguard at the YMCA.Once summer ends Mary returns to college as a full-time student.After summer ends Mary is considered

Category Number of People (millions) Population 280 Workingage population 210 Labor force 150 Employed 135 Unemployed 15 -Based on the above table, the labor force participation rate is

Why is there unemployment even when the economy is at "full employment"?

Hannah is hostess at the local restaurant that is popular with tourists. She was laid off from her job as the level of tourism declined in the fall. Hannah's unemployment is best classified as

June has never had a job but will graduate from college this coming spring when she will look for a job.June is classified as a

Category Number of People (millions) Marginally attached w orkers 2.1 Unemployed w orkers 12.1 Employed workers 140.0 Workingage population 250.0 -Using the data in the above table, the unemployment rate is

Pamella just graduated with a music degree and has been sending applications to symphony orchestras.Pamella is a

In the United States, over the past 50 years the total labor force participation rate

George quit his job when his wife took a job in another state and they moved. George is a

Category Number of people (millions) Discouraged workers 5 Unemployed workers 12 Employed workers 48 Working.age population 100 -From the table above, which gives data about the U.S.labor market in 1933, the labor force participation rate is

If the Federal government expands its support of education and retraining of workers who have been unemployed for a relatively long length of time, which type of unemployment would the education and retraining most likely be targeted?

During a recession, cyclical unemployment ________ and real GDP ________.

A weakness that could be noted about the unemployment rate is that it

Most unemployed people are unemployed because they are

Cyclical unemployment is

Getting Started

The Usand Global Economies

The Economic Problem

Demand and Supply

Gdp: a Measure of Total Production and Income

The Cpi and the Cost of Living

Potential Gdp and the Natural Unemployment Rate

Economic Growth

Finance, Saving, and Investment

The Monetary System

Money, Interest, and Inflation

Aggregate Supply and Aggregate Demand

Aggregate Expenditure Multiplier

The Short-Run Policy Tradeoff

Fiscal Policy

Monetary Policy

International Trade Policy

International Finance

Filters

If the working age population and the labor force does not change, the .

During a recession, cyclical unemployment and real GDP .