Exam 28: Unemployment

The Bureau of Labor Statistics' "unemployed" category includes those who were not employed, were available for work, and had tried to find employment during the previous four weeks.

Who is included in the labor force by the Bureau of Labor Statistics?

Public policy can reduce frictional unemployment.

Some economists have argued that unemployment insurance improves the ability of the economy to match each worker with the most appropriate job.

Efficiency wages create a

More than 3 percent of U.S. workers leave their jobs in a typical month.

Some degree of unemployment is inevitable in a complex economy.

Critics of government-run employment agencies and public training programs argue that the private market is better at matching workers and jobs than the government is.

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

Esmerelda worked part­time for her mother's business without pay. Tabitha was absent from work because she had strep throat. Who is counted as "employed" by the Bureau of Labor Statistics?

Wages set above the equilibrium wage by

A firm might offer efficiency wages in order to reduce shirking.

Suppose that efficiency wages become more common in the economy. Imposing efficiency wages

An increase in the minimum wage

Providing training for unemployed individuals is primarily intended to reduce

Since unemployment rates are consistently higher in Canada and some Western European countries than in the United States, it appears that the natural rate of unemployment is lower in the United States. What might explain this difference?

Cyclical unemployment is caused by

In Belgium, Norway, and Sweden, the percentage of workers who belong to unions is

The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to structural unemployment.

The Bureau of Labor Statistics' U­4 measure of joblessness includes discouraged workers.