Exam 15: Unemployment

Almost nine-tenths of all spells of unemployment end when the unemployed person finds a job.

The natural unemployment rate includes

Employment can rise in one region of the country while it falls in another.

The Bureau of Labor Statistics' "employed" category includes those who worked as paid employees, worked in their own business, or worked as unpaid workers in a family member's business.

Jai Li just lost her job, and she hasn't yet started looking for a new one. The Bureau of Labor Statistics counts Jai Li as

Because people move into and out of the labor force so often, statistics on unemployment are difficult to interpret.

Which of the following is correct?

Almost half of all spells of unemployment end when the unemployed person leaves the labor force.

Within the U.S., blacks have higher rates of unemployment than whites.

Suppose that telemarketers are not unionized. If they unionize, then the supply of labor in other sectors of the economy will

Unemployment numbers reported by the Bureau of Labor Statistics are reported based on a

The adult population must equal the sum of the employed and the unemployed.

A firm might offer efficiency wages so its workers will eat a more nutritious diet and therefore be healthier and more productive.

Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate is

The adult population must equal the sum of the employed, the unemployed, and those not in the labor force.

Minimum-wage laws affect all workers.

Evidence indicates that the typical person who becomes unemployed will

Consumers decide to ride bikes more and drive cars less. Bicycle companies expand production while automobile companies fire workers. This is an example of

Who of the following are included in the Bureau of Labor Statistics' "employed" category?

Meredith recently graduated from college but has not yet started working. To be counted as unemployed she