Exam 9: Unemployment and Its Natural Rate

Nancy is searching for a job that suits her tastes about where to live and the people she works with. Laura is looking for a job that makes best use of her skills. Contrast Nancy and Laura's natures of unemployment.

What was the labour-force participation rate of men just after World War II?

Which of the following led to the decrease in labour-force participation rates among Canadian men since World War II?

In Canada in recent years, how does the unemployment rate among those aged 15 to 24 compare with that of older adults?

Samantha, the CEO of a corporation operating in Uganda, decides to raise the wages of her workers, even though she faces an excess supply of labour. Which of the following is an expected result from her decision?

Which of the following laws is most likely to reduce the natural rate of unemployment?

Figure 28-2 -Refer to Figure 28-2. If the minimum wage fell from $7 to $5, what would happen to unemployment?

Consider two people who are currently out of work. Bernie is not looking for work because there have been many job cuts where he lives and he doesn't think it likely that he will find work. Bev is not currently looking for work, but she would like a job. While she hasn't looked for work for some time, she has looked for work in the past. How does Statistics Canada consider Bernie and Bev?

Consider the following labour data compiled by Statistics Canada. a.Between July 2009 and July 2010, employment has increased by 393 700 workers, but the labour force increased by only 309 100 workers. Explain the difference in these numbers. Is it possible that the increase in labour force be greater than the increase in employment? b.During the same period, employment increased by 393 700 workers, but unemployment decreased by only 84 600. Are these data plausible? How this difference could be explained?

Which of the following industries in the Canadian economy have the highest percentage of unionized workers?

Table 28-1. This table shows the 2007 data for males and females aged 15 and over in the country of Dan. -Refer to Table 28-1. What is the adult male unemployment rate in Dan?

How are discouraged workers counted in unemployment statistics?

Which of the following best explains the purpose of Canada's Public Service Staff Relations Act of 1967?

Since World War II, which of the following has happened to the labour-force participation rate?

Suppose that in some country, neither textile workers nor shoemakers are unionized. If textile workers unionize and so are able to raise their wages, which of the following will most likely happen to shoemakers?

Which of the following does the theory of efficiency wages explain?

Which of the following would be associated with the type of unemployment created by the minimum wage law?

Rick loses his job and immediately begins looking for another. Other things equal, what happens to the unemployment rate?

Cyclical unemployment is closely associated with which of the following?

Suppose that there is an excess supply of economics professors. Should universities necessarily reduce salaries? What does standard economic theory suggest? What does efficiency-wage theory suggest?