Exam 18: Employment and Unemployment

refer to the following information: In Littleville, which has 1000 residents, 400 people do not currently work. Of these 400 persons, 240 are under age 16, 10 are institutionalized, 25 have become discouraged and quit seeking work, and 75 others are either full-time students or home-makers. Of the 600 people who do work, 150 work part-time but wish to work full-time. -The employment-population ratio in Littleville is :

Which of the following best describes the interest rate effect? As the price level rises:

Which of the following is not typically given as a reason the aggregate demand curve slopes downward and to the right?

refer to the following diagram: -Flow 3 includes all of the following except:

An increase in government demand for output is a tool that would most likely be used to combat:

Another name for demand-deficient unemployment is:

The unemployment rate at which there is neither excess demand nor excess supply in the aggregate labor market:

Since 1960,the employment-population ratio has:

refer to the following diagram: -Which one of the following would reduce the unemployment rate while leaving the number of unemployed persons unchanged?

The official BLS unemployment rate may overstate economic hardship because:

Which one of the following government policies would most likely be used to reduce structural unemployment?

Which of the following non-working individuals would be considered officially unemployed by the Bureau of Labor Statistics?

refer to the following information: The small town of East MacNeil has 1000 residents age 16 or older. During the survey week, 200 adult residents did not work—20 workers were home sick from their jobs, 10 shopkeepers were unable to open their stores due to bad weather, 50 were actively seeking work, 25 others had previously given up actively looking, and the others were either full-time students or home-makers. Of the 800 at work, 80 worked part-time but would have preferred full-time work. -The official unemployment rate in East MacNeil is:

Which of the following best describes the real balances effect? As the price level rises,the real value of dollar-denominated assets:

Which of the following is not a source of wait unemployment?

Which one of the following government policies would most likely be used to reduce frictional unemployment?

In 2006,the employment-population ratio was approximately:

The type of unemployment commonly associated with displaced workers is:

"As the domestic price level rises,consumers world-wide shift their purchases away from the U.S." This describes the:

The official BLS unemployment rate may understate economic hardship because