Exam 28: Unemployment

The Bureau of Labor Statistics' U-4 measure of joblessness includes discouraged workers.

Which of the following causes of unemployment is not associated with a wage rate above the market equilibrium level?

To maintain their standard of living,most people rely on

The unemployment rate sometimes falls to zero.

Efficiency wages

Ipo did not work last week because flooding forced an evacuation of her workplace.The Bureau of Labor Statistics counts Ipo as

More than three-fourths of the unemployed are recent entrants into the labor force.

Minimum-wage laws affect all workers.

What is the theory of efficiency wages? Provide four reasons that employers might pay efficiency wages.

The Bureau of Labor Statistics computes labor-force participation rates for the entire adult population and for more narrowly defined groups.

Which list contains two periods when the U.S.unemployment rate was below the natural rate of unemployment?

According to 2007 data on the U.S.population,which of the following groups of adults (ages 20 and older)has the highest unemployment rate?

Which of the following does not create unemployment by keeping wages above the equilibrium level?

Right-to-work laws give workers in a unionized firm the right to choose whether to join the union.

The natural rate of unemployment is a type of unemployment that does not go away on its own even in the long run.

Which of the following is not correct?

Sirius has just finished high school and started looking for his first job,but has not yet found one.Other things the same,the unemployment rate

Consumers decide to buy more computers and fewer typewriters.As a result,computer companies expand production while typewriter companies lay-off workers.This is an example of

The deviation of unemployment from its natural rate is called

Other things the same,an increase in wages above their equilibrium level