Question 1

Unemployment benefits in western Europe are more generous than in the United States.As a result,________ in the United States.

Accepted Answer

A) frictional unemployment is lower 
B) frictional unemployment is higher 
C) structural unemployment is higher 
D) avoidable unemployment is lower 
E) cyclical unemployment is higher 
A) frictional unemployment is lower 
B) frictional unemployment is higher 
C) structural unemployment is higher 
D) avoidable unemployment is lower 
E) cyclical unemployment is higher

Question 2

Discouraged workers

Accepted Answer

A) would decrease the unemployment rate if they were added to the number of unemployed workers. 
B) would increase unemployment rate if they were added to the number of unemployed workers. 
C) are counted as one-half of a worker in the unemployment statistics. 
D) are counted as unemployed workers when the unemployment rate is calculated. 
E) are not included in the calculation of the unemployment rate,the labor force,or the working-age population. 
A) would decrease the unemployment rate if they were added to the number of unemployed workers. 
B) would increase unemployment rate if they were added to the number of unemployed workers. 
C) are counted as one-half of a worker in the unemployment statistics. 
D) are counted as unemployed workers when the unemployment rate is calculated. 
E) are not included in the calculation of the unemployment rate,the labor force,or the working-age population.

Question 3

If Brian,age 24,had no job but was available for work and had looked for a job the week before the survey,Brian is classified in the Current Population Survey as

Accepted Answer

A) unemployed. 
B) employed. 
C) a discouraged worker. 
D) not in the labor force. 
E) not in the working-age population. 
A) unemployed. 
B) employed. 
C) a discouraged worker. 
D) not in the labor force. 
E) not in the working-age population.

Question 4

At full employment there is no

Accepted Answer

A) unemployment. 
B) cyclical unemployment. 
C) avoidable unemployment. 
D) frictional unemployment. 
E) structural unemployment. 
A) unemployment. 
B) cyclical unemployment. 
C) avoidable unemployment. 
D) frictional unemployment. 
E) structural unemployment.

Question 5

The ongoing normal creation and destruction of jobs creates

Accepted Answer

A) frictional unemployment. 
B) structural unemployment. 
C) avoidable unemployment. 
D) cyclical unemployment. 
E) destructive unemployment. 
A) frictional unemployment. 
B) structural unemployment. 
C) avoidable unemployment. 
D) cyclical unemployment. 
E) destructive unemployment.

Question 6

-Using the table above,the labor force participation rate is

Accepted Answer

A) 83.3 percent. 
B) 90.0 percent. 
C) 10.0 percent. 
D) 11.1 percent. 
E) 100 percent. 
A) 83.3 percent. 
B) 90.0 percent. 
C) 10.0 percent. 
D) 11.1 percent. 
E) 100 percent.

Question 7

Suppose the working-age population is 150 million,the labor force is 125 million,and employment is 120 million.
a.What is the unemployment rate?
b.Now suppose that 2 million students graduate from college and begin to look for jobs.What is the new unemployment rate if none of the students have found jobs yet?
c.Suppose that all 2 million students find jobs.What is the unemployment rate now?

Accepted Answer

a.The unemployment rate is (5 million un

Question 8

Over the last 50 years,in the United States the labor force participation rate for women ________,the labor force participation rate for men ________,and the over-all labor force participation rate ________.

Accepted Answer

A) increased;decreased;increased 
B) increased;decreased;did not change 
C) did not change;increased;increased 
D) increased;did not change;increased 
E) decreased;increased;increased 
A) increased;decreased;increased 
B) increased;decreased;did not change 
C) did not change;increased;increased 
D) increased;did not change;increased 
E) decreased;increased;increased

Question 9

-Based on the information in the above table,what is the labor force participation rate?

Accepted Answer

The labor force participation

Question 10

When the economy is at full employment,

Accepted Answer

A) the natural unemployment rate equals zero. 
B) the amount of cyclical unemployment equals zero. 
C) the amount of structural unemployment equals zero. 
D) there is no unemployment. 
E) the amount of frictional unemployment equals zero. 
A) the natural unemployment rate equals zero. 
B) the amount of cyclical unemployment equals zero. 
C) the amount of structural unemployment equals zero. 
D) there is no unemployment. 
E) the amount of frictional unemployment equals zero.

Question 11

Frictional unemployment is the result of

Accepted Answer

A) an economic recession. 
B) the economic decline of major industries. 
C) the normal process of jobs being created and destroyed. 
D) people not getting along (having friction)with their employers. 
E) changing weather throughout the year. 
A) an economic recession. 
B) the economic decline of major industries. 
C) the normal process of jobs being created and destroyed. 
D) people not getting along (having friction)with their employers. 
E) changing weather throughout the year.

Question 12

The unemployment rate is equal to

Accepted Answer

A) (labor force ÷ population)× 100. 
B) (number of employed people ÷ labor force)× 100. 
C) (number of unemployed people ÷ labor force)× 100. 
D) (number of unemployed people ÷ number of employed)× 100. 
E) (number of unemployed people ÷ working-age population)× 100. 
A) (labor force ÷ population)× 100. 
B) (number of employed people ÷ labor force)× 100. 
C) (number of unemployed people ÷ labor force)× 100. 
D) (number of unemployed people ÷ number of employed)× 100. 
E) (number of unemployed people ÷ working-age population)× 100.

Question 13

Bo's actions would

Accepted Answer

A) have no impact on the September unemployment rate or the October unemployment rate. 
B) raise the September unemployment rate and lower the October unemployment rate. 
C) raise the September unemployment rate and not change the October unemployment rate. 
D) classify him as out of the labor force in September. 
E) raise the September unemployment rate and the October unemployment rate. 
A) have no impact on the September unemployment rate or the October unemployment rate. 
B) raise the September unemployment rate and lower the October unemployment rate. 
C) raise the September unemployment rate and not change the October unemployment rate. 
D) classify him as out of the labor force in September. 
E) raise the September unemployment rate and the October unemployment rate.

Question 14

Suppose the population is 250 million people,the labor force is 150 million people,the number of people employed is 130 million and the working-age population is 200 million people.What is the unemployment rate?

Accepted Answer

A) 8.0 percent 
B) 10.0 percent 
C) 13.3 percent 
D) 20 million 
E) 15.4 percent 
A) 8.0 percent 
B) 10.0 percent 
C) 13.3 percent 
D) 20 million 
E) 15.4 percent

Question 15

Discouraged workers and marginally attached workers are

Accepted Answer

A) counted as employed by the BLS but are not part of the labor force. 
B) counted as employed by the BLS and are part of the labor force. 
C) counted as unemployed by the BLS and are part of the labor force. 
D) not part of the labor force. 
E) counted as unemployed by the BLS but are not part of the labor force. 
A) counted as employed by the BLS but are not part of the labor force. 
B) counted as employed by the BLS and are part of the labor force. 
C) counted as unemployed by the BLS and are part of the labor force. 
D) not part of the labor force. 
E) counted as unemployed by the BLS but are not part of the labor force.

Question 16

-Using the data in the above table,the unemployment rate is

Accepted Answer

A) 9.3 percent. 
B) 8.6 percent. 
C) 8.0 percent. 
D) 4.8 percent. 
E) 4.6 percent. 
A) 9.3 percent. 
B) 8.6 percent. 
C) 8.0 percent. 
D) 4.8 percent. 
E) 4.6 percent.

Question 17

Which of the following statements is true regarding part-time workers?

Accepted Answer

A) Part-time workers are divided those who voluntary choose part-time work and those who work part-time due to economic reasons. 
B) The percentage of workers who are part time due to non-economic reasons rise significantly during recessions. 
C) The percentage of workers who are part time due to economic reasons does not change much over the business cycle. 
D) The percentage of workers who are part time due to non-economic reasons is about the same percentage as those who are voluntary reasons. 
E) Part-time workers who are part-time for economic reasons are included in the unemployment rate,but part-time workers who are part time for noneconomic reasons are not included in the unemployment rate. 
A) Part-time workers are divided those who voluntary choose part-time work and those who work part-time due to economic reasons. 
B) The percentage of workers who are part time due to non-economic reasons rise significantly during recessions. 
C) The percentage of workers who are part time due to economic reasons does not change much over the business cycle. 
D) The percentage of workers who are part time due to non-economic reasons is about the same percentage as those who are voluntary reasons. 
E) Part-time workers who are part-time for economic reasons are included in the unemployment rate,but part-time workers who are part time for noneconomic reasons are not included in the unemployment rate.

Question 18

The total U.S.labor force participation rate increased over the past 50 years because

Accepted Answer

A) the female labor force participation rate increased. 
B) more men are retiring early. 
C) fewer women are attending college. 
D) many blue-collar jobs with rigid work hours have been created in the last decade. 
E) the male labor force participation rate increased. 
A) the female labor force participation rate increased. 
B) more men are retiring early. 
C) fewer women are attending college. 
D) many blue-collar jobs with rigid work hours have been created in the last decade. 
E) the male labor force participation rate increased.

Question 19

During a recession,the percentage workers who are part time for economic reasons

Accepted Answer

A) increases more rapidly than the percentage of part-time workers. 
B) decreases more rapidly than the percentage of part-time workers. 
C) increases proportionately with the percentage of part-time workers. 
D) decreases proportionately to the percentage of part-time workers. 
E) does not change even though the percentage of part-time workers increases. 
A) increases more rapidly than the percentage of part-time workers. 
B) decreases more rapidly than the percentage of part-time workers. 
C) increases proportionately with the percentage of part-time workers. 
D) decreases proportionately to the percentage of part-time workers. 
E) does not change even though the percentage of part-time workers increases.

Question 20

The unemployment rates during the last 10 years in the Eurozone was

Accepted Answer

A) constantly lower than the unemployment rate in the United States and not rising toward the U.S.unemployment rate. 
B) constantly lower than the unemployment rate in the United States but were rising toward the U.S.unemployment rate. 
C) more or less constant at 3 percent. 
D) generally higher than the U.S.unemployment rate. 
E) approximately equal to those in the United States,with some years the U.S.unemployment rate being slightly higher and in other years the U.S.unemployment rate being slightly lower. 
A) constantly lower than the unemployment rate in the United States and not rising toward the U.S.unemployment rate. 
B) constantly lower than the unemployment rate in the United States but were rising toward the U.S.unemployment rate. 
C) more or less constant at 3 percent. 
D) generally higher than the U.S.unemployment rate. 
E) approximately equal to those in the United States,with some years the U.S.unemployment rate being slightly higher and in other years the U.S.unemployment rate being slightly lower.

Unemployment benefits in western Europe are more generous than in the United States.As a result,________ in the United States.

Discouraged workers

If Brian,age 24,had no job but was available for work and had looked for a job the week before the survey,Brian is classified in the Current Population Survey as

At full employment there is no

The ongoing normal creation and destruction of jobs creates

-Using the table above,the labor force participation rate is

Over the last 50 years,in the United States the labor force participation rate for women ,the labor force participation rate for men ,and the over-all labor force participation rate .

-Based on the information in the above table,what is the labor force participation rate?

When the economy is at full employment,

Frictional unemployment is the result of

The unemployment rate is equal to

Bo's actions would

Suppose the population is 250 million people,the labor force is 150 million people,the number of people employed is 130 million and the working-age population is 200 million people.What is the unemployment rate?

Discouraged workers and marginally attached workers are

-Using the data in the above table,the unemployment rate is

Which of the following statements is true regarding part-time workers?

The total U.S.labor force participation rate increased over the past 50 years because

During a recession,the percentage workers who are part time for economic reasons

The unemployment rates during the last 10 years in the Eurozone was

Getting Started

The Usand Global Economies

The Economic Problem

Demand and Supply

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

Government Actions in Markets

Global Markets in Action

Externalities: Pollution, education, and Health Care

Production and Cost

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Gdp: a Measure of Total Production and Income

The Cpi and the Cost of Living

Potential Gdp and Economic Growth

Money and the Monetary System

Aggregate Supply and Aggregate Demand

Fiscal Policy and Monetary Policy

Filters

Exam 15: Jobs and Unemployment

Unemployment benefits in western Europe are more generous than in the United States.As a result,________ in the United States.

Discouraged workers

If Brian,age 24,had no job but was available for work and had looked for a job the week before the survey,Brian is classified in the Current Population Survey as

At full employment there is no

The ongoing normal creation and destruction of jobs creates

-Using the table above,the labor force participation rate is

Over the last 50 years,in the United States the labor force participation rate for women ________,the labor force participation rate for men ________,and the over-all labor force participation rate ________.

-Based on the information in the above table,what is the labor force participation rate?

When the economy is at full employment,

Frictional unemployment is the result of

The unemployment rate is equal to

Bo's actions would

Suppose the population is 250 million people,the labor force is 150 million people,the number of people employed is 130 million and the working-age population is 200 million people.What is the unemployment rate?

Discouraged workers and marginally attached workers are

-Using the data in the above table,the unemployment rate is

Which of the following statements is true regarding part-time workers?

The total U.S.labor force participation rate increased over the past 50 years because

During a recession,the percentage workers who are part time for economic reasons

The unemployment rates during the last 10 years in the Eurozone was

Getting Started

The Usand Global Economies

The Economic Problem

Demand and Supply

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

Government Actions in Markets

Global Markets in Action

Externalities: Pollution, education, and Health Care

Production and Cost

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Gdp: a Measure of Total Production and Income

The Cpi and the Cost of Living

Potential Gdp and Economic Growth

Money and the Monetary System

Aggregate Supply and Aggregate Demand

Fiscal Policy and Monetary Policy

Filters

Over the last 50 years,in the United States the labor force participation rate for women ,the labor force participation rate for men ,and the over-all labor force participation rate .