Question 1

In the United States, the percentage of part-time workers who would like full-time work

Accepted Answer

A)  increases in recessions and decreases in expansions. 
B)  changes very little from expansion to recession. 
C)  in 2009 was almost 100 percent of all part-time workers. 
D)  Both answers A and C are correct. 
E)  Both answers B and C are correct. 
A)  increases in recessions and decreases in expansions. 
B)  changes very little from expansion to recession. 
C)  in 2009 was almost 100 percent of all part-time workers. 
D)  Both answers A and C are correct. 
E)  Both answers B and C are correct.

Question 2

When the unemployment rate is less than the natural unemployment rate, real GDP is ________ potential GDP.

Accepted Answer

A)  greater than 
B)  less than 
C)  unrelated to 
D)  equal to 
E)  not comparable to 
A)  greater than 
B)  less than 
C)  unrelated to 
D)  equal to 
E)  not comparable to

Question 3

Producing an amount of GDP equal to potential GDP is most consistent with the economy producing

Accepted Answer

A)  on the production possibilities frontier. 
B)  within the production possibilities frontier. 
C)  beyond the production possibilities frontier. 
D)  either on or within the production possibilities frontier. 
E)  either on or beyond the production possibilities frontier. 
A)  on the production possibilities frontier. 
B)  within the production possibilities frontier. 
C)  beyond the production possibilities frontier. 
D)  either on or within the production possibilities frontier. 
E)  either on or beyond the production possibilities frontier.

Question 4

The unemployment rates during the last 10 years in the Eurozone was

Accepted Answer

A)  constantly lower than the unemployment rate in the United States and not rising toward the U.S.unemployment rate. 
B)  constantly lower than the unemployment rate in the United States but were rising toward the U.S.unemployment rate. 
C)  more or less constant at 3 percent. 
D)  higher than the U.S.unemployment rate. 
E)  approximately equal to those in the United States, with some years the U.S.unemployment rate being slightly higher and in other years the U.S.unemployment rate being slightly lower. 
A)  constantly lower than the unemployment rate in the United States and not rising toward the U.S.unemployment rate. 
B)  constantly lower than the unemployment rate in the United States but were rising toward the U.S.unemployment rate. 
C)  more or less constant at 3 percent. 
D)  higher than the U.S.unemployment rate. 
E)  approximately equal to those in the United States, with some years the U.S.unemployment rate being slightly higher and in other years the U.S.unemployment rate being slightly lower.

Question 5

Which of the following help explain the increase in the U.S.labor force participation rate for women?
i. There was a significant fall in the number of children women were choosing to have.
ii. There was an increase in the educational level of women.
iii. Technological change in the home increased the time available for work outside the home.

Accepted Answer

A)  i only 
B)  ii only 
C)  i and ii 
D)  ii and iii 
E)  i, ii, and iii 
A)  i only 
B)  ii only 
C)  i and ii 
D)  ii and iii 
E)  i, ii, and iii

Question 6

Over the last 50 years, in the United States the labor force participation rate for women ________, the labor force participation rate for men ________, and the over-all labor force participation rate ________.

Accepted Answer

A)  increased; decreased; increased 
B)  increased; decreased; did not change 
C)  did not change; increased; increased 
D)  increased; did not change; increased 
E)  decreased; increased; increased 
A)  increased; decreased; increased 
B)  increased; decreased; did not change 
C)  did not change; increased; increased 
D)  increased; did not change; increased 
E)  decreased; increased; increased

Question 7

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 frictionally unemployed?

Accepted Answer

A)  Rita and Darrelo 
B)  Chris, Rita, and Thorton 
C)  Rita, Valery, and Jung 
D)  Darrelo and Valery 
E)  Jung 
A)  Rita and Darrelo 
B)  Chris, Rita, and Thorton 
C)  Rita, Valery, and Jung 
D)  Darrelo and Valery 
E)  Jung

Question 8

The following are groups of individuals in the population:
1.Individuals who are under 16
2.Individuals in institutional care
3.Individual in the armed forces
4.Individuals working for pay at a fulltime job
5.Individuals who are employed
6.Individuals not employed but were available for work and were looking for work
7.Individuals not employed and looking for work
-Using the table above, the Current Population Survey classifies the group of individuals obtained by adding groups 5 and 6 as

Accepted Answer

A)  the working age population. 
B)  the labor force. 
C)  employed. 
D)  unemployed. 
E)  discouraged workers. 
A)  the working age population. 
B)  the labor force. 
C)  employed. 
D)  unemployed. 
E)  discouraged workers.

Question 9

Which type of unemployment arises when changes in technology or international competition change the skills needed to perform jobs or change the location of jobs?

Accepted Answer

A)  cyclical 
B)  seasonal 
C)  structural 
D)  frictional 
E)  skill-set 
A)  cyclical 
B)  seasonal 
C)  structural 
D)  frictional 
E)  skill-set

Question 10

Bill just graduated with his degree in economics.Through Career Services he submitted his resume to several companies and he will visit them during the next two weeks.Bill is considered

Accepted Answer

A)  not in the labor force. 
B)  frictionally unemployed. 
C)  structurally unemployed. 
D)  cyclically unemployed. 
E)  employed because he is visiting firms. 
A)  not in the labor force. 
B)  frictionally unemployed. 
C)  structurally unemployed. 
D)  cyclically unemployed. 
E)  employed because he is visiting firms.

Question 11

The women's labor force participation rate is

Accepted Answer

A)  higher in Japan than in the United States. 
B)  higher in the United States than in France. 
C)  higher in Italy than in the United States. 
D)  higher in Spain than in Iceland. 
E)  higher in the United States than in Iceland or Norway. 
A)  higher in Japan than in the United States. 
B)  higher in the United States than in France. 
C)  higher in Italy than in the United States. 
D)  higher in Spain than in Iceland. 
E)  higher in the United States than in Iceland or Norway.

Question 12

People who are willing and able to work but are not looking for work because they have been discouraged by their previous futile efforts are called

Accepted Answer

A)  unemployed workers. 
B)  discouraged workers. 
C)  unhappy workers. 
D)  involuntarily unemployed. 
E)  part-time lookers. 
A)  unemployed workers. 
B)  discouraged workers. 
C)  unhappy workers. 
D)  involuntarily unemployed. 
E)  part-time lookers.

Question 13

Suppose there are 180 million employed people and 20 million unemployed people.
a. What is the unemployment rate?
b. Suppose that 5 million unemployed people give up their search for jobs and become discouraged workers.What is the new unemployment rate?

Accepted Answer

a. The unemployment rate is (2

Question 14

Which of the following statements are true concerning the labor force participation rate?
i. The labor force participation rate for women in the United States has increased since 1959.
ii. The labor force participation rates for women across different countries have converged to about 50 percent.
iii. The labor force participation rate for men in the United States has decreased since 1959.

Accepted Answer

A)  i and ii. 
B)  i, ii and iii. 
C)  i and iii. 
D)  iii only. 
E)  i only. 
A)  i and ii. 
B)  i, ii and iii. 
C)  i and iii. 
D)  iii only. 
E)  i only.

Question 15

Withdrawals are people who

Accepted Answer

A)  voluntarily quit a job. 
B)  stop being unemployed by being hired. 
C)  stop being unemployed by being recalled to a previous job. 
D)  decide to stop looking for a job. 
E)  who used to be discouraged workers. 
A)  voluntarily quit a job. 
B)  stop being unemployed by being hired. 
C)  stop being unemployed by being recalled to a previous job. 
D)  decide to stop looking for a job. 
E)  who used to be discouraged workers.

Question 16

The ongoing normal creation and destruction of jobs creates

Accepted Answer

A)  frictional unemployment. 
B)  structural unemployment. 
C)  seasonal unemployment. 
D)  cyclical unemployment. 
E)  destructive unemployment. 
A)  frictional unemployment. 
B)  structural unemployment. 
C)  seasonal unemployment. 
D)  cyclical unemployment. 
E)  destructive unemployment.

Question 17

In a country with a working-age population of 200 million, 140 million people are employed and 20 million are unemployed.The size of the labor force is

Accepted Answer

A)  200 million. 
B)  160 million. 
C)  140 million. 
D)  20 million. 
E)  120 million. 
A)  200 million. 
B)  160 million. 
C)  140 million. 
D)  20 million. 
E)  120 million.

Question 18

A reason for the change in the U.S.labor force participation rate for men is that

Accepted Answer

A)  there was a significant increase in the number of house husbands. 
B)  more men retired at an early age. 
C)  fewer men went to school full time. 
D)  there was an increase in the availability of jobs with flexible hours. 
E)  more men entered the labor force. 
A)  there was a significant increase in the number of house husbands. 
B)  more men retired at an early age. 
C)  fewer men went to school full time. 
D)  there was an increase in the availability of jobs with flexible hours. 
E)  more men entered the labor force.

Question 19

$\begin{array}{lc}
\text { Category } & \text { Number of people } \
\hline \text { Labor force } & 10,000 \
\text { Employed } & 9,000 \
\text { Under } 16 \text { years of age } & 2,000 \
\text { Working-age population } & 12,000
\end{array}$
-In the table above, the unemployment rate is

Accepted Answer

A)  12 percent. 
B)  10 percent. 
C)  8 percent. 
D)  6 percent. 
E)  11 percent. 
A)  12 percent. 
B)  10 percent. 
C)  8 percent. 
D)  6 percent. 
E)  11 percent.

Question 20

Mary has decided that the she does not like Iowa and has decided to quit her job as a medical technician and move to Arizona.Mary's unemployment as she searches for a new job is best classified as

Accepted Answer

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

In the United States, the percentage of part-time workers who would like full-time work

When the unemployment rate is less than the natural unemployment rate, real GDP is ________ potential GDP.

Producing an amount of GDP equal to potential GDP is most consistent with the economy producing

The unemployment rates during the last 10 years in the Eurozone was

Over the last 50 years, in the United States the labor force participation rate for women , the labor force participation rate for men , and the over-all labor force participation rate .

Which type of unemployment arises when changes in technology or international competition change the skills needed to perform jobs or change the location of jobs?

Bill just graduated with his degree in economics.Through Career Services he submitted his resume to several companies and he will visit them during the next two weeks.Bill is considered

The women's labor force participation rate is

People who are willing and able to work but are not looking for work because they have been discouraged by their previous futile efforts are called

Suppose there are 180 million employed people and 20 million unemployed people. a. What is the unemployment rate? b. Suppose that 5 million unemployed people give up their search for jobs and become discouraged workers.What is the new unemployment rate?

Withdrawals are people who

The ongoing normal creation and destruction of jobs creates

In a country with a working-age population of 200 million, 140 million people are employed and 20 million are unemployed.The size of the labor force is

A reason for the change in the U.S.labor force participation rate for men is that

Category Number of people Labor force 10,000 Employed 9,000 Under 16 years of age 2,000 Working-age population 12,000 -In the table above, the unemployment rate is

Mary has decided that the she does not like Iowa and has decided to quit her job as a medical technician and move to Arizona.Mary's unemployment as she searches for a new job is best classified as

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

In the United States, the percentage of part-time workers who would like full-time work

When the unemployment rate is less than the natural unemployment rate, real GDP is ________ potential GDP.

Producing an amount of GDP equal to potential GDP is most consistent with the economy producing

The unemployment rates during the last 10 years in the Eurozone was

Over the last 50 years, in the United States the labor force participation rate for women ________, the labor force participation rate for men ________, and the over-all labor force participation rate ________.

Which type of unemployment arises when changes in technology or international competition change the skills needed to perform jobs or change the location of jobs?

Bill just graduated with his degree in economics.Through Career Services he submitted his resume to several companies and he will visit them during the next two weeks.Bill is considered

The women's labor force participation rate is

People who are willing and able to work but are not looking for work because they have been discouraged by their previous futile efforts are called

Suppose there are 180 million employed people and 20 million unemployed people. a. What is the unemployment rate? b. Suppose that 5 million unemployed people give up their search for jobs and become discouraged workers.What is the new unemployment rate?

Withdrawals are people who

The ongoing normal creation and destruction of jobs creates

In a country with a working-age population of 200 million, 140 million people are employed and 20 million are unemployed.The size of the labor force is

A reason for the change in the U.S.labor force participation rate for men is that

Category Number of people Labor force 10,000 Employed 9,000 Under 16 years of age 2,000 Working-age population 12,000 -In the table above, the unemployment rate is

Mary has decided that the she does not like Iowa and has decided to quit her job as a medical technician and move to Arizona.Mary's unemployment as she searches for a new job is best classified as

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

Over the last 50 years, in the United States the labor force participation rate for women , the labor force participation rate for men , and the over-all labor force participation rate .