Exam 15: Unemployment
Exam 1: Ten Principles of Economics347 Questions
Exam 2: Thinking Like an Economist535 Questions
Exam 3: Interdependence and the Gains From Trade442 Questions
Exam 4: The Market Forces of Supply and Demand569 Questions
Exam 5: Elasticity and Its Application503 Questions
Exam 6: Supply, Demand, and Government Policies556 Questions
Exam 7: Consumers, Producers, and the Efficiency of Markets460 Questions
Exam 8: Application: The Costs of Taxation422 Questions
Exam 9: Application: International Trade409 Questions
Exam 10: Measuring a Nations Income428 Questions
Exam 11: Measuring the Cost of Living436 Questions
Exam 12: Production and Growth417 Questions
Exam 13: Saving, Investment, and the Financial System473 Questions
Exam 14: The Basic Tools of Finance419 Questions
Exam 15: Unemployment571 Questions
Exam 16: The Monetary System423 Questions
Exam 17: Money Growth and Inflation388 Questions
Exam 18: Open-Economy Macroeconomic Models448 Questions
Exam 19: A Macroeconomic Theory of the Open Economy374 Questions
Exam 20: Aggregate Demand and Aggregate Supply471 Questions
Exam 21: The Influence of Monetary and Fiscal Policy on Aggregate Demand416 Questions
Exam 22: The Short-Run Trade-Off Between Inflation and Unemployment400 Questions
Exam 23: Six Debates Over Macroeconomic Policy235 Questions
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Even though the difference in labor-force participation rates of U.S. males and females has narrowed, the labor-force participation rate of males remains higher than that of females.
(True/False)
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Suppose some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were employed?
(Multiple Choice)
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Figure 15-1
-Refer to Figure 15-1. If the government imposes a minimum wage of $8, then how many workers will be unemployed?
(Multiple Choice)
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Edgar is working part-time. Diane is on temporary layoff. Who is included in the Bureau of Labor Statistics' "employed" category?
(Multiple Choice)
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The amount of unemployment varies little over time and across countries.
(True/False)
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Most spells of unemployment are short, and most unemployment observed at any given time is long-term.
(True/False)
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Why have labor-force participation rates for women in the United States increased since World War II while labor-force participation rates for men have decreased?
(Essay)
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Government policy can do nothing about the natural rate of unemployment.
(True/False)
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Most spells of unemployment are long, and most unemployment observed at any given time is long-term.
(True/False)
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Figure 15-1
-Refer to Figure 15-1. If the government imposes a minimum wage of $4, then how many workers will be employed?
(Multiple Choice)
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According to 2009 data on the U.S. population, which of the following groups of adults (ages 20 and older) had the lowest unemployment rate?
(Multiple Choice)
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People who report being not in the labor force but who, in fact, want to work but have given up trying to find a job after an unsuccessful search cause the reported unemployment rate to be lower than it would otherwise be.
(True/False)
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If people who report being unemployed are not, in fact, trying hard to find a job, then the reported unemployment rate will be baised upward.
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The natural rate of unemployment is closely associated with the short-run ups and downs of economic activity.
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Figure 15-1
-Refer to Figure 15-1. If unemployment is 2000 workers, then the minimum wage must be
(Multiple Choice)
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Table 15-1
Labor Data for Aridia
Year Adult population 2000 3000 3200 Number of emplayed 1400 1300 1600 Number of unemplayed 200 600 200
-Refer to Table 15-1. The labor-force participation rate of Aridia
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