Question 1

Since 1960, 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

The labor force includes people who i. are less than 16 years of age.
Ii. are in institutions.
Iii. are actively seeking a job but do not have a job.

Accepted Answer

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

Question 3

Involuntary part-time workers are not working more hours due to

Accepted Answer

A) economic reasons. 
B) a lack of training and skills. 
C) an increase in the labor force. 
D) family reasons. 
E) educational commitments. 
A) economic reasons. 
B) a lack of training and skills. 
C) an increase in the labor force. 
D) family reasons. 
E) educational commitments.

Question 4

Jane is a 25 year old, full-time student. She works part time in her school library and is paid $7 an hour. She is considered to be

Accepted Answer

A) unemployed. 
B) not in labor force. 
C) in labor force but not working. 
D) employed. 
E) not in the working-age population because she is in college. 
A) unemployed. 
B) not in labor force. 
C) in labor force but not working. 
D) employed. 
E) not in the working-age population because she is in college.

Question 5

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

Accepted Answer

Cyclical unemployment is the unemploymen

Question 6

What are the three types of unemployment and how do they change over the business cycle?

Accepted Answer

The three types of unemployment are fric

Question 7

Since 1960, the labor force participation rate in the United States

Accepted Answer

A) has remained remarkably stable. 
B) has generally decrease. 
C) has generally increased. 
D) at first rose sharply and then gradually decreased. 
E) at first gradually decreased and in recent years has risen sharply. 
A) has remained remarkably stable. 
B) has generally decrease. 
C) has generally increased. 
D) at first rose sharply and then gradually decreased. 
E) at first gradually decreased and in recent years has risen sharply.

Question 8

Define the unemployment rate and labor-force participation rate. Discuss the differences between these two rates.

Accepted Answer

The unemployment rate is defined as @#IMG-DLM& × 1

Question 9

The labor force is defined as the number of people who

Accepted Answer

A) are employed plus the number of people who are unemployed. 
B) are available and looking for work but are unable to find employment. 
C) would like to have a job but have stopped seeking work. 
D) would like to have a full-time job but are working part time. 
E) are employed minus the number of people who are unemployed. 
A) are employed plus the number of people who are unemployed. 
B) are available and looking for work but are unable to find employment. 
C) would like to have a job but have stopped seeking work. 
D) would like to have a full-time job but are working part time. 
E) are employed minus the number of people who are unemployed.

Question 10

In the United States over the last 50 years,

Accepted Answer

A) the labor force participation rate for women has increased to match that for women in other developed countries. 
B) both women's and men's labor force participation rates have increased due to technology. 
C) the change in men's labor force participation rate explains the behavior of the unemployment rate. 
D) the labor force participation rate for women has increased to near 60 percent. 
E) women's earning power has remained fairly constant. 
A) the labor force participation rate for women has increased to match that for women in other developed countries. 
B) both women's and men's labor force participation rates have increased due to technology. 
C) the change in men's labor force participation rate explains the behavior of the unemployment rate. 
D) the labor force participation rate for women has increased to near 60 percent. 
E) women's earning power has remained fairly constant.

Question 11

When cyclical unemployment is zero,

Accepted Answer

A) frictional unemployment is zero. 
B) cyclical and frictional unemployment are zero. 
C) structural unemployment is zero. 
D) the unemployment rate equals the natural unemployment rate. 
E) the natural unemployment rate is zero. 
A) frictional unemployment is zero. 
B) cyclical and frictional unemployment are zero. 
C) structural unemployment is zero. 
D) the unemployment rate equals the natural unemployment rate. 
E) the natural unemployment rate is zero.

Question 12

At full employment there is no

Accepted Answer

A) unemployment. 
B) cyclical unemployment. 
C) avoidable unemployment. 
D) frictional unemployment. 
E) structural unemployment. 
A) unemployment. 
B) cyclical unemployment. 
C) avoidable unemployment. 
D) frictional unemployment. 
E) structural unemployment.

Question 13

Unemployment benefits in western Europe are more generous than in the United States. As a result, ________ in the United States.

Accepted Answer

A) frictional unemployment is lower 
B) frictional unemployment is higher 
C) structural unemployment is higher 
D) avoidable unemployment is lower 
E) cyclical unemployment is higher 
A) frictional unemployment is lower 
B) frictional unemployment is higher 
C) structural unemployment is higher 
D) avoidable unemployment is lower 
E) cyclical unemployment is higher

Question 14

Cyclical unemployment includes people who become unemployed from

Accepted Answer

A) changes in the seasons. 
B) changes in international competition. 
C) technological changes. 
D) changes in the business cycle. 
E) normal labor market turnover. 
A) changes in the seasons. 
B) changes in international competition. 
C) technological changes. 
D) changes in the business cycle. 
E) normal labor market turnover.

Question 15

Which type of unemployment is a permanent and healthy phenomenon in a dynamic economy?

Accepted Answer

A) cyclical 
B) avoidable 
C) structural 
D) frictional 
E) unavoidable 
A) cyclical 
B) avoidable 
C) structural 
D) frictional 
E) unavoidable

Question 16

Suppose the working-age population is 500 million, the labor force is 200 million, and the unemployment rate is 15 percent. The number of unemployed people is

Accepted Answer

A) 30 million. 
B) 75 million. 
C) 45 million. 
D) 105 million. 
E) 15 million. 
A) 30 million. 
B) 75 million. 
C) 45 million. 
D) 105 million. 
E) 15 million.

Question 17

Beth has just quit her job, moved to a new city, and is looking for a new job. Beth is

Accepted Answer

A) frictionally unemployed. 
B) structurally unemployed. 
C) distance unemployed. 
D) cyclically unemployed. 
E) locationally unemployed. 
A) frictionally unemployed. 
B) structurally unemployed. 
C) distance unemployed. 
D) cyclically unemployed. 
E) locationally unemployed.

Question 18

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.

Question 19

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 20

Which type of unemployment is most likely to lead unemployed workers to retrain or relocate?

Accepted Answer

A) cyclical 
B) forced 
C) structural 
D) frictional 
E) search 
A) cyclical 
B) forced 
C) structural 
D) frictional 
E) search

Since 1960, the labor force participation rate in the United States has

The labor force includes people who i. are less than 16 years of age. Ii. are in institutions. Iii. are actively seeking a job but do not have a job.

Involuntary part-time workers are not working more hours due to

Jane is a 25 year old, full-time student. She works part time in her school library and is paid $7 an hour. She is considered to be

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

What are the three types of unemployment and how do they change over the business cycle?

Since 1960, the labor force participation rate in the United States

Define the unemployment rate and labor-force participation rate. Discuss the differences between these two rates.

The labor force is defined as the number of people who

In the United States over the last 50 years,

When cyclical unemployment is zero,

At full employment there is no

Unemployment benefits in western Europe are more generous than in the United States. As a result, ________ in the United States.

Cyclical unemployment includes people who become unemployed from

Which type of unemployment is a permanent and healthy phenomenon in a dynamic economy?

Suppose the working-age population is 500 million, the labor force is 200 million, and the unemployment rate is 15 percent. The number of unemployed people is

Beth has just quit her job, moved to a new city, and is looking for a new job. Beth is

Cyclical unemployment is

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 is most likely to lead unemployed workers to retrain or relocate?

Getting Started

The Us and Global Economies

The Economic Problem

Demand and Supply

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

Government Actions in Markets

Global Markets in Action

Externalities: Pollution, Education, and Health Care

Production and Cost

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Gdp: a Measure of Total Production and Income

The Cpi and the Cost of Living

Potential Gdp and Economic Growth

Money and the Monetary System

Aggregate Supply and Aggregate Demand

Fiscal Policy and Monetary Policy

Filters

Exam 15: Jobs and Unemployment

Since 1960, the labor force participation rate in the United States has

The labor force includes people who i. are less than 16 years of age. Ii. are in institutions. Iii. are actively seeking a job but do not have a job.

Involuntary part-time workers are not working more hours due to

Jane is a 25 year old, full-time student. She works part time in her school library and is paid $7 an hour. She is considered to be

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

What are the three types of unemployment and how do they change over the business cycle?

Since 1960, the labor force participation rate in the United States

Define the unemployment rate and labor-force participation rate. Discuss the differences between these two rates.

The labor force is defined as the number of people who

In the United States over the last 50 years,

When cyclical unemployment is zero,

At full employment there is no

Unemployment benefits in western Europe are more generous than in the United States. As a result, ________ in the United States.

Cyclical unemployment includes people who become unemployed from

Which type of unemployment is a permanent and healthy phenomenon in a dynamic economy?

Suppose the working-age population is 500 million, the labor force is 200 million, and the unemployment rate is 15 percent. The number of unemployed people is

Beth has just quit her job, moved to a new city, and is looking for a new job. Beth is

Cyclical unemployment is

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 is most likely to lead unemployed workers to retrain or relocate?

Getting Started

The Us and Global Economies

The Economic Problem

Demand and Supply

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

Government Actions in Markets

Global Markets in Action

Externalities: Pollution, Education, and Health Care

Production and Cost

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Gdp: a Measure of Total Production and Income

The Cpi and the Cost of Living

Potential Gdp and Economic Growth

Money and the Monetary System

Aggregate Supply and Aggregate Demand

Fiscal Policy and Monetary Policy

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 .