Exam 12: Business Cycles and Unemployment

A person who has lost his or her job because it is now performed by a robot is structurally unemployed.

Martin Shore lost his job when General Motors closed down its local plant.He has been visiting the personnel offices of the other factories in the area,looking for a new job.He is:

Full employment means which of the following is zero?

Which of the following is a lagging indicator?

Consider a broom factory that permanently closes because of foreign competition.If the broom factory's workers cannot find new jobs because their skills are no longer marketable,then they are classified as:

The unemployment rate is the percentage of the:

Economists usually use the term "recession" to refer to:

Unemployment caused by people voluntarily quitting work in order to seek more attractive employment is called:

Since World War II,the average length of recessions in the United States has been:

It is difficult for cyclically unemployed individuals to find jobs because:

When an economy is operating at its full employment rate of output:

Variables that change before real GDP changes are measured by the:

The period of growth in real GDP between the trough of the business cycle and the next peak is called the:

Structural unemployment is a special type of cyclical unemployment.

Eric lost his job because a recession caused his employer's sales to fall.This is an example of:

When full employment is present in the United States:

In the United States,the unemployment rate for women is roughly the same as the unemployment rate for men.

Unemployment that results from fundamental technological changes in production,or from the substitution of new goods for customary ones,is:

The GDP gap is the difference between:

Elisa Kilhafer,a housewife in St.Louis,Missouri,who claims on a Bureau of Labor Statistics (BLS)survey that she is neither gainfully employed nor looking for work,is,according to the BLS,