Question 1

Unemployment caused by the fluctuation of the business cycle is called ________ unemployment.

Accepted Answer

A)  structural 
B)  recession-related 
C)  frictional 
D)  cyclical 
A)  structural 
B)  recession-related 
C)  frictional 
D)  cyclical

Question 2

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

A)  9.0 percent 
B)  13.3 percent 
C)  11.4 percent 
D)  15.4 percent 
A)  9.0 percent 
B)  13.3 percent 
C)  11.4 percent 
D)  15.4 percent

Question 3

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

Accepted Answer

A)  greater than; less than 
B)  less than; equal to 
C)  equal to; greater than 
D)  greater than; greater than 
A)  greater than; less than 
B)  less than; equal to 
C)  equal to; greater than 
D)  greater than; greater than

Question 4

Give an example of a structurally unemployed person.

Accepted Answer

A person who loses his or her

Question 5

Unemployment that is the result of recessions is called

Accepted Answer

A)  frictional unemployment. 
B)  cyclical unemployment. 
C)  downtime unemployment. 
D)  structural unemployment. 
A)  frictional unemployment. 
B)  cyclical unemployment. 
C)  downtime unemployment. 
D)  structural unemployment.

Question 6

If the labor force participation rate is rising and the working-age population is not changing,then the

Accepted Answer

A)  size of the labor force is rising. 
B)  number of unemployed people is rising and the size of the labor force is falling. 
C)  size of the labor force is falling. 
D)  number of unemployed people is falling and the size of the labor force is rising. 
A)  size of the labor force is rising. 
B)  number of unemployed people is rising and the size of the labor force is falling. 
C)  size of the labor force is falling. 
D)  number of unemployed people is falling and the size of the labor force is rising.

Question 7

When the economy is operating at full employment,the natural unemployment rate consists of only

Accepted Answer

A)  cyclical unemployment. 
B)  frictional and structural unemployment. 
C)  frictional and cyclical unemployment. 
D)  structural and cyclical unemployment. 
A)  cyclical unemployment. 
B)  frictional and structural unemployment. 
C)  frictional and cyclical unemployment. 
D)  structural and cyclical unemployment.

Unemployment caused by the fluctuation of the business cycle is called ________ unemployment.

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?

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

Give an example of a structurally unemployed person.

Unemployment that is the result of recessions is called

If the labor force participation rate is rising and the working-age population is not changing,then the

When the economy is operating at full employment,the natural unemployment rate consists of only

What Is Economics

The Economic Problem

Demand and Supply

Measuring GDP and Economic Growth

Economic Growth

Finance, Saving, and Investment

Money, The Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers

Inflation, Jobs, and the Business Cycle

Fiscal Policy

Monetary Policy

International Trade Policy

Introduction

Monitoring Macroeconomic Performance

Macroeconomic Trends

Macroeconomic Fluctuations

Macroeconomic Policy

Filters

Exam 5: Monitoring Jobs and Inflation

Unemployment caused by the fluctuation of the business cycle is called ________ unemployment.

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?

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

Give an example of a structurally unemployed person.

Unemployment that is the result of recessions is called

If the labor force participation rate is rising and the working-age population is not changing,then the

When the economy is operating at full employment,the natural unemployment rate consists of only

What Is Economics

The Economic Problem

Demand and Supply

Measuring GDP and Economic Growth

Economic Growth

Finance, Saving, and Investment

Money, The Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers

Inflation, Jobs, and the Business Cycle

Fiscal Policy

Monetary Policy

International Trade Policy

Introduction

Monitoring Macroeconomic Performance

Macroeconomic Trends

Macroeconomic Fluctuations

Macroeconomic Policy

Filters

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