Question 1

More generous unemployment insurance would

Accepted Answer

A)  raise structural unemployment. 
B)  raise frictional unemployment. 
C)  lower structural unemployment. 
D)  lower frictional unemployment. 
A)  raise structural unemployment. 
B)  raise frictional unemployment. 
C)  lower structural unemployment. 
D)  lower frictional unemployment.

Question 2

Unemployment insurance the amount of unemployment.

Accepted Answer

The answer of Unemployment insurance the amount of unemployment....

Question 3

The Bureau of Labor Statistics classifies people who would like to work but have given up looking for a job as

Accepted Answer

A)  unemployed. If they were classified as out of the labor force, the reported unemployment rate would be larger. 
B)  unemployed. If they were classified as out of the labor force, the reported unemployment rate would be smaller. 
C)  out of the labor force. If they were classified as unemployed, the reported unemployment rate would be larger. 
D)  out of the labor force. If they were classified as unemployed, the reported unemployment rate would be smaller. 
A)  unemployed. If they were classified as out of the labor force, the reported unemployment rate would be larger. 
B)  unemployed. If they were classified as out of the labor force, the reported unemployment rate would be smaller. 
C)  out of the labor force. If they were classified as unemployed, the reported unemployment rate would be larger. 
D)  out of the labor force. If they were classified as unemployed, the reported unemployment rate would be smaller.

Question 4

Table 28-10
The table below lists the number of people by labor force classification for the country of Springfield.
  
-Refer to Table 28-10. Calculate the U-4 unemployment rate.

Accepted Answer

The answer of Table 28-10
The table below lists the number...

Question 5

Karena was laid off, but she is expecting to be recalled. She has not looked for work since being laid off. Nathan is not employed, nor was he laid off. Who is counted as "unemployed" in the U.S. labor force statistics?

Accepted Answer

A)  1) Karena and 2) Nathan, even if Nathan has not looked for work during the previous four weeks 
B)  1) Karena and 2) Nathan, if Nathan has looked for work during the previous four weeks 
C)  1) not Karena but 2) Nathan, even if Nathan has not looked for work during the previous four weeks 
D)  1) not Karena but 2) Nathan, if Nathan has looked for work during the previous four weeks 
A)  1) Karena and 2) Nathan, even if Nathan has not looked for work during the previous four weeks 
B)  1) Karena and 2) Nathan, if Nathan has looked for work during the previous four weeks 
C)  1) not Karena but 2) Nathan, even if Nathan has not looked for work during the previous four weeks 
D)  1) not Karena but 2) Nathan, if Nathan has looked for work during the previous four weeks

Question 6

Which of the following does not help reduce frictional unemployment?

Accepted Answer

A)  government-run employment agencies 
B)  public training programs 
C)  unemployment insurance 
D)  All of the above help reduce frictional unemployment. 
A)  government-run employment agencies 
B)  public training programs 
C)  unemployment insurance 
D)  All of the above help reduce frictional unemployment.

Question 7

Table 28-1
Sample Population
  
-Refer to Table 28-1. How many in the sample are in the labor force?

Accepted Answer

A)  11 
B)  10 
C)  9 
D)  8 
A)  11 
B)  10 
C)  9 
D)  8

Question 8

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

Accepted Answer

A)  always zero. 
B)  sometimes zero. 
C)  rarely zero. 
D)  never zero. 
A)  always zero. 
B)  sometimes zero. 
C)  rarely zero. 
D)  never zero.

Question 9

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Accepted Answer

A)  Juan Carlos, a full-time student who is not looking for work 
B)  Kevin, who is on temporary layoff 
C)  Andrea, who has retired and is not looking for work 
D)  All of the above are correct. 
A)  Juan Carlos, a full-time student who is not looking for work 
B)  Kevin, who is on temporary layoff 
C)  Andrea, who has retired and is not looking for work 
D)  All of the above are correct.

Question 10

Table 28-4
2010 Labor Data for Adults ages 16 and older) in Meditor
  
-Refer to Table 28-4. What is the adult labor-force participation rate in Meditor?

Accepted Answer

A)  37.5% 
B)  62.5% 
C)  66.7% 
D)  95.8% 
A)  37.5% 
B)  62.5% 
C)  66.7% 
D)  95.8%

Question 11

Most spells of unemployment are long, and most unemployment observed at any given time is long-term.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not an explanation for the existence of unemployment in the long run?

Accepted Answer

A)  it takes time for workers to search for the jobs that are best suited for them 
B)  minimum-wage laws 
C)  unions 
D)  the business cycle 
A)  it takes time for workers to search for the jobs that are best suited for them 
B)  minimum-wage laws 
C)  unions 
D)  the business cycle

Question 13

For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must

Accepted Answer

A)  be available for work. 
B)  have tried to find employment during the previous week. 
C)  have previously been employed. 
D)  All of the above are correct. 
A)  be available for work. 
B)  have tried to find employment during the previous week. 
C)  have previously been employed. 
D)  All of the above are correct.

Question 14

Job search is the process of matching workers with appropriate jobs.

Accepted Answer

A) True 
 B)False

Question 15

Suppose that some country had an adult population of about 25 million, a labor-force participation rate of 60 percent, and an unemployment rate of 6 percent. How many people were employed?

Accepted Answer

A)  0.9 million 
B)  14.1 million 
C)  15 million 
D)  23.5 million 
A)  0.9 million 
B)  14.1 million 
C)  15 million 
D)  23.5 million

Question 16

A typical American worker covered by unemployment insurance receives 50 percent of his former wages for 52 weeks.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is correct?

Accepted Answer

A)  Nearly all economists believe that unions are bad for the economy as a whole. 
B)  Unionized firms pay wages above the competitive equilibrium level. 
C)  Unions increase the level of employment in unionized firms. 
D)  Unions decrease the level of employment in firms without unions. 
A)  Nearly all economists believe that unions are bad for the economy as a whole. 
B)  Unionized firms pay wages above the competitive equilibrium level. 
C)  Unions increase the level of employment in unionized firms. 
D)  Unions decrease the level of employment in firms without unions.

Question 18

Suppose that some people are counted as unemployed when, to maintain unemployment compensation, they search for work only at places where they are unlikely to be hired. If these individuals were counted as out of the labor force instead of as unemployed, then

Accepted Answer

A)  both the unemployment rate and labor-force participation rate would be higher. 
B)  both the unemployment rate and labor-force participation rate would be lower. 
C)  the unemployment rate would be lower, and the labor-force participation rate would be higher. 
D)  the unemployment rate would be higher, and the labor-force participation rate would be lower. 
A)  both the unemployment rate and labor-force participation rate would be higher. 
B)  both the unemployment rate and labor-force participation rate would be lower. 
C)  the unemployment rate would be lower, and the labor-force participation rate would be higher. 
D)  the unemployment rate would be higher, and the labor-force participation rate would be lower.

Question 19

In one year, you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year. What percentage of the unemployment spells you encountered was short term, and what percentage of the unemployment you encountered in a given week was long term?

Accepted Answer

A)  52% was short term; 13.3% was long term 
B)  52% was short term; 88.9% was long term 
C)  86.7% was short term; 13.3 was long term 
D)  86.7% was short term; 88.9 was long term 
A)  52% was short term; 13.3% was long term 
B)  52% was short term; 88.9% was long term 
C)  86.7% was short term; 13.3 was long term 
D)  86.7% was short term; 88.9 was long term

Question 20

Suppose that consumers decide to walk to work more frequently and drive cars less. Companies that make walking shoes hire workers, while automobile companies lay off workers. This is an example of

Accepted Answer

A)  frictional unemployment created by sectoral shifts. 
B)  frictional unemployment created by efficiency wages. 
C)  structural unemployment created by efficiency wages. 
D)  structural unemployment created by sectoral shifts. 
A)  frictional unemployment created by sectoral shifts. 
B)  frictional unemployment created by efficiency wages. 
C)  structural unemployment created by efficiency wages. 
D)  structural unemployment created by sectoral shifts.

Exam 15: Unemployment

More generous unemployment insurance would

Unemployment insurance the amount of unemployment.

The Bureau of Labor Statistics classifies people who would like to work but have given up looking for a job as

Table 28-10 The table below lists the number of people by labor force classification for the country of Springfield. -Refer to Table 28-10. Calculate the U-4 unemployment rate.

Karena was laid off, but she is expecting to be recalled. She has not looked for work since being laid off. Nathan is not employed, nor was he laid off. Who is counted as "unemployed" in the U.S. labor force statistics?

Which of the following does not help reduce frictional unemployment?

Table 28-1 Sample Population -Refer to Table 28-1. How many in the sample are in the labor force?

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

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Table 28-4 2010 Labor Data for Adults ages 16 and older) in Meditor -Refer to Table 28-4. What is the adult labor-force participation rate in Meditor?

Most spells of unemployment are long, and most unemployment observed at any given time is long-term.

Which of the following is not an explanation for the existence of unemployment in the long run?

For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must

Job search is the process of matching workers with appropriate jobs.

Suppose that some country had an adult population of about 25 million, a labor-force participation rate of 60 percent, and an unemployment rate of 6 percent. How many people were employed?

A typical American worker covered by unemployment insurance receives 50 percent of his former wages for 52 weeks.

Which of the following is correct?

Suppose that some people are counted as unemployed when, to maintain unemployment compensation, they search for work only at places where they are unlikely to be hired. If these individuals were counted as out of the labor force instead of as unemployed, then

In one year, you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year. What percentage of the unemployment spells you encountered was short term, and what percentage of the unemployment you encountered in a given week was long term?

Suppose that consumers decide to walk to work more frequently and drive cars less. Companies that make walking shoes hire workers, while automobile companies lay off workers. This is an example of

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Elasticity and Its Application

Supply, Demand, and Government Policies

Consumers, Producers, and the Efficiency of Markets

Application: the Costs of Taxation

Application: International Trade

Measuring a Nations Income

Measuring the Cost of Living

Production and Growth

Saving, Investment, and the Financial System

The Basic Tools of Finance

The Monetary System

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Open Economy

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Trade-Off Between Inflation and Unemployment

Six Debates Over Macroeconomic Policy

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