Exam 15: Jobs and Unemployment

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Category Number of People (millions) Marginally attached workers 2.1 Unemployed workers 12.1 Employed workers 140.0 Working-age population 250.0 -Using the data in the above table, the labor force participation rate is

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Which of the following people is frictionally unemployed?

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In the United States, part-time workers are

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Over the last 50 years, how has the women's labor force participation rate changed? What are reasons for this change?

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An economic recession produces

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Explain the difference between frictional and structural unemployment.

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The unemployment rate equals

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A marginally attached worker is

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If an entire industry relocates to a foreign country, the relocation leads to a higher rate of ________ unemployment.

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The average U.S. unemployment rate from 1948 has been about

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Who is cyclically unemployed?

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Full employment occurs when

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In 2011, part-time workers for noneconomic reasons were about ________ of total employment and part-time workers for economic reasons were about ________ of total employment.

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If the unemployment rate is less than the natural unemployment rate, then

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The unemployment rate measures the percentage of

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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 who are left after subtracting from the total population groups 1, 2, and 3 as

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

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Suppose the population is 250 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 200 million people. What is the unemployment rate?

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The natural unemployment rate is

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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

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