Question 1

Since 1959, the labor force participation rate in the United States has

Accepted Answer

A)  increased for men and women. 
B)  decreased for men and women. 
C)  increased for men and decreased for women. 
D)  increased for women and decreased for men. 
E)  increased for women and not changed for men. 
A)  increased for men and women. 
B)  decreased for men and women. 
C)  increased for men and decreased for women. 
D)  increased for women and decreased for men. 
E)  increased for women and not changed for men.

Question 2

If the number of people in the labor force ________, then ________.

Accepted Answer

A)  increases; the labor force participation rate increases 
B)  increases; the unemployment rate definitely increases 
C)  decreases; the unemployment rate definitely decreases 
D)  decreases; the labor force participation rate increases 
E)  decreases, the unemployment rate does not change 
A)  increases; the labor force participation rate increases 
B)  increases; the unemployment rate definitely increases 
C)  decreases; the unemployment rate definitely decreases 
D)  decreases; the labor force participation rate increases 
E)  decreases, the unemployment rate does not change

Question 3

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

Accepted Answer

A)  140.0 million. 
B)  152.1 million. 
C)  154.2 million. 
D)  250.0 million. 
E)  127.9 million. 
A)  140.0 million. 
B)  152.1 million. 
C)  154.2 million. 
D)  250.0 million. 
E)  127.9 million.

Question 4

The working-age population includes

Accepted Answer

A)  those in jails and hospitals. 
B)  youngsters between the ages of 14 and 16 if they are working at least part time. 
C)  employed and unemployed people over the age of 16. 
D)  only employed people over the age of 16. 
E)  people over the age of 16 who are in the Army. 
A)  those in jails and hospitals. 
B)  youngsters between the ages of 14 and 16 if they are working at least part time. 
C)  employed and unemployed people over the age of 16. 
D)  only employed people over the age of 16. 
E)  people over the age of 16 who are in the Army.

Question 5

In 1994, the Bureau of Labor Statistics started to report

Accepted Answer

A)  the unemployment rate weekly to provide a better picture of the labor market. 
B)  alternative measures of the unemployment rate that include narrower measures of the labor market. 
C)  alternative measures of the unemployment rate that include broader measures of the labor market. 
D)  the unemployment rate by surveying 200,000 households. 
E)  B and C are correct answers. 
A)  the unemployment rate weekly to provide a better picture of the labor market. 
B)  alternative measures of the unemployment rate that include narrower measures of the labor market. 
C)  alternative measures of the unemployment rate that include broader measures of the labor market. 
D)  the unemployment rate by surveying 200,000 households. 
E)  B and C are correct answers.

Question 6

The labor force is the

Accepted Answer

A)  number of employed people plus the number of unemployed people. 
B)  total population divided by the number of employed people. 
C)  number of employed people in the working-age population. 
D)  working-age population minus the number of unemployed people. 
E)  number of employed people minus the number of unemployed people. 
A)  number of employed people plus the number of unemployed people. 
B)  total population divided by the number of employed people. 
C)  number of employed people in the working-age population. 
D)  working-age population minus the number of unemployed people. 
E)  number of employed people minus the number of unemployed people.

Question 7

Tommy graduates from college and starts to look for a job.Tommy is

Accepted Answer

A)  frictionally unemployed. 
B)  structurally unemployed. 
C)  cyclically unemployed. 
D)  seasonally unemployed. 
E)  not unemployed because he is looking for work. 
A)  frictionally unemployed. 
B)  structurally unemployed. 
C)  cyclically unemployed. 
D)  seasonally unemployed. 
E)  not unemployed because he is looking for work.

Question 8

Explain what type of unemployment changes with the business cycle and how it changes.

Accepted Answer

Cyclical unemployment is the unemploymen

Question 9

For the past decade, the unemployment rate in Western Europe has been higher than the unemployment rate in the United States.Based on this fact, is the natural unemployment rate larger in Western Europe or in the United States?
 Why might the natural rates differ between the two areas?

Accepted Answer

The natural unemployment rate is probabl

Question 10

If Brian, age 24, had no job but was available for work and had looked for a job the week before the survey, Brian is classified in the Current Population Survey as

Accepted Answer

A)  unemployed. 
B)  employed. 
C)  a discouraged worker. 
D)  not in the labor force. 
E)  not in the working-age population. 
A)  unemployed. 
B)  employed. 
C)  a discouraged worker. 
D)  not in the labor force. 
E)  not in the working-age population.

Question 11

Suppose the population is 220 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 175 million people.What is the unemployment rate?

Accepted Answer

The unemployment rat

Question 12

People who are working up to 34 hours per week but would like to work more are considered ________.

Accepted Answer

A)  involuntary part-time workers. 
B)  discouraged workers. 
C)  job leavers. 
D)  job seekers. 
E)  unemployed. 
A)  involuntary part-time workers. 
B)  discouraged workers. 
C)  job leavers. 
D)  job seekers. 
E)  unemployed.

Question 13

During the Great Depression of the 1930s when the unemployment rate was exceptionally high due to the Great Depression, the government had employment programs, such as the Civilian Conservation Corps, which built campsites and planted trees.These programs were aimed at reducing which type of unemployment?

Accepted Answer

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

Question 14

As firms search for the best employee to fill an opening and the unemployed search for the job that best fits their skills, the economy experiences

Accepted Answer

A)  structural unemployment. 
B)  frictional unemployment. 
C)  cyclical unemployment. 
D)  changes in the business cycle. 
E)  seasonal unemployment. 
A)  structural unemployment. 
B)  frictional unemployment. 
C)  cyclical unemployment. 
D)  changes in the business cycle. 
E)  seasonal unemployment.

Question 15

As a result of the oil price hikes and international competition in the 1970s, ________.When governments and businesses downsizing in the 1990s, ________.

Accepted Answer

A)  structural unemployment increased; structural unemployment increased 
B)  frictional unemployment increased; structural unemployment increased 
C)  seasonal unemployment decreased; frictional unemployment increased 
D)  cyclical unemployment decreased; frictional unemployment decreased 
E)  cyclical unemployment increased; frictional unemployment increased 
A)  structural unemployment increased; structural unemployment increased 
B)  frictional unemployment increased; structural unemployment increased 
C)  seasonal unemployment decreased; frictional unemployment increased 
D)  cyclical unemployment decreased; frictional unemployment decreased 
E)  cyclical unemployment increased; frictional unemployment increased

Question 16

As technology advancements have led to more white collar jobs,

Accepted Answer

A)  the unemployment rate has steadily fallen. 
B)  the labor force participation rate for men and women have increased. 
C)  a higher percentage of men of working age have entered the labor force. 
D)  the labor force participation rate for women has increased over the last 50 years. 
E)  the labor force participation rate for women has decreased since 1959. 
A)  the unemployment rate has steadily fallen. 
B)  the labor force participation rate for men and women have increased. 
C)  a higher percentage of men of working age have entered the labor force. 
D)  the labor force participation rate for women has increased over the last 50 years. 
E)  the labor force participation rate for women has decreased since 1959.

Question 17

Integrative Questions
Consider the following people:
Chris quits his job as an automobile mechanic to pursue his college education full-time.
Arrelo is temporarily laid off from her technical support job because of a strike by production workers.
Schurita graduated from college in May and is currently looking for a job.
Bo quit his job on September 1 and then, after looking for a new job, will begin his new job on October 1.
Terri retired from his job on May 1.
Vicki works part-time at Bainen Press to help pay her college tuition.
-Schurita would be classified as

Accepted Answer

A)  an entrant. 
B)  a job loser. 
C)  a job leaver. 
D)  employed. 
E)  not in the labor force. 
A)  an entrant. 
B)  a job loser. 
C)  a job leaver. 
D)  employed. 
E)  not in the labor force.

Question 18

Job losers are people who

Accepted Answer

A)  voluntarily leave their jobs for other jobs. 
B)  are laid off either permanently or temporarily. 
C)  have just completed school and are entering the job market. 
D)  have their full-time hours cut to part-time hours. 
E)  leave the labor market because they believe they will be unable to find a job. 
A)  voluntarily leave their jobs for other jobs. 
B)  are laid off either permanently or temporarily. 
C)  have just completed school and are entering the job market. 
D)  have their full-time hours cut to part-time hours. 
E)  leave the labor market because they believe they will be unable to find a job.

Question 19

Explain the relationship between real GDP and potential GDP and between the unemployment rate and the natural unemployment rate as the economy moves through a business cycle.

Accepted Answer

Potential GDP is the level of GDP when t

Question 20

$$\begin{array} { l c } 
 { \text { Category } } & \begin{array} { c } 
\text { Number of people } \
\text { (millions) }
\end{array} \
\hline \text { Total population } & 246 \
\text { Working-age population } & 207 \
\text { Labor force } & 139 \
\text { Employed } & 133 \
\text { Unemployed } & 6 \
\hline
\end{array}$$
-Based on the information in the above table, what is the unemployment rate?

Accepted Answer

The unemployment rat

Since 1959, the labor force participation rate in the United States has

If the number of people in the labor force , then .

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 labor force is

The working-age population includes

In 1994, the Bureau of Labor Statistics started to report

The labor force is the

Tommy graduates from college and starts to look for a job.Tommy is

Explain what type of unemployment changes with the business cycle and how it changes.

For the past decade, the unemployment rate in Western Europe has been higher than the unemployment rate in the United States.Based on this fact, is the natural unemployment rate larger in Western Europe or in the United States? Why might the natural rates differ between the two areas?

If Brian, age 24, had no job but was available for work and had looked for a job the week before the survey, Brian is classified in the Current Population Survey as

Suppose the population is 220 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 175 million people.What is the unemployment rate?

People who are working up to 34 hours per week but would like to work more are considered ________.

As firms search for the best employee to fill an opening and the unemployed search for the job that best fits their skills, the economy experiences

As a result of the oil price hikes and international competition in the 1970s, .When governments and businesses downsizing in the 1990s, .

As technology advancements have led to more white collar jobs,

Job losers are people who

Explain the relationship between real GDP and potential GDP and between the unemployment rate and the natural unemployment rate as the economy moves through a business cycle.

Category Number of people (millions) Total population 246 Working-age population 207 Labor force 139 Employed 133 Unemployed 6 -Based on the information in the above table, what is the unemployment rate?

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

Since 1959, the labor force participation rate in the United States has

If the number of people in the labor force ________, then ________.

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 labor force is

The working-age population includes

In 1994, the Bureau of Labor Statistics started to report

The labor force is the

Tommy graduates from college and starts to look for a job.Tommy is

Explain what type of unemployment changes with the business cycle and how it changes.

For the past decade, the unemployment rate in Western Europe has been higher than the unemployment rate in the United States.Based on this fact, is the natural unemployment rate larger in Western Europe or in the United States? Why might the natural rates differ between the two areas?

If Brian, age 24, had no job but was available for work and had looked for a job the week before the survey, Brian is classified in the Current Population Survey as

Suppose the population is 220 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 175 million people.What is the unemployment rate?

People who are working up to 34 hours per week but would like to work more are considered ________.

As firms search for the best employee to fill an opening and the unemployed search for the job that best fits their skills, the economy experiences

As a result of the oil price hikes and international competition in the 1970s, ________.When governments and businesses downsizing in the 1990s, ________.

As technology advancements have led to more white collar jobs,

Job losers are people who

Explain the relationship between real GDP and potential GDP and between the unemployment rate and the natural unemployment rate as the economy moves through a business cycle.

Category Number of people (millions) Total population 246 Working-age population 207 Labor force 139 Employed 133 Unemployed 6 -Based on the information in the above table, what is the unemployment rate?

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 number of people in the labor force , then .

As a result of the oil price hikes and international competition in the 1970s, .When governments and businesses downsizing in the 1990s, .