Question 1

________ unemployment changes slowly and depends on ________.

Accepted Answer

A) Frictional;the skills of the unemployed 
B) Seasonal;the rate at which people enter and exit the labor force 
C) Frictional;the rate at which people enter and exit the labor force 
D) Structural;the rate at which people enter the labor force 
E) Structural;the inflation rate 
A) Frictional;the skills of the unemployed 
B) Seasonal;the rate at which people enter and exit the labor force 
C) Frictional;the rate at which people enter and exit the labor force 
D) Structural;the rate at which people enter the labor force 
E) Structural;the inflation rate

Question 2

The unemployment rate is the

Accepted Answer

A) number of unemployed people. 
B) percentage of the population that does not have a job. 
C) percentage of the working-age population that does not have a job. 
D) percentage of the labor force that does not have a job. 
E) percentage of employed people that does not have a job. 
A) number of unemployed people. 
B) percentage of the population that does not have a job. 
C) percentage of the working-age population that does not have a job. 
D) percentage of the labor force that does not have a job. 
E) percentage of employed people that does not have a job.

Question 3

From 1948 to 2011,the average unemployment rate in the United States was approximately

Accepted Answer

A) 3.1 percent. 
B) 5.8 percent. 
C) 12.0 percent. 
D) 24.4 percent. 
E) 9.6 percent. 
A) 3.1 percent. 
B) 5.8 percent. 
C) 12.0 percent. 
D) 24.4 percent. 
E) 9.6 percent.

Question 4

What is the relationship over the business cycle of potential GDP and real GDP?

Accepted Answer

The level of output that the economy wou

Question 5

-The table shows data reported by Statistics Canada for 1999.In 1999,the unemployment rate was

Accepted Answer

A) 1.2 million. 
B) 5.0 percent. 
C) 7.6 percent. 
D) 7.9 percent. 
E) 6.1 percent. 
A) 1.2 million. 
B) 5.0 percent. 
C) 7.6 percent. 
D) 7.9 percent. 
E) 6.1 percent.

Question 6

In August of 2013,the number of employed persons in the United States was 144.2 million,the number of unemployed persons was 11.3 million,and the number of persons not in the labor force was 90.5 million.What was the labor force in August of 2013?

Accepted Answer

A) 53.7 million 
B) 144.2 million 
C) 155.5 million 
D) 132.9 million 
E) There is not enough information to answer this question. 
A) 53.7 million 
B) 144.2 million 
C) 155.5 million 
D) 132.9 million 
E) There is not enough information to answer this question.

Question 7

Rosina Gonzales quit her job in Pennsylvania and moved to California to be close to her family.She is currently looking for work,so she would be considered

Accepted Answer

A) a discouraged worker. 
B) frictionally unemployed. 
C) cyclically unemployed. 
D) avoidably unemployed. 
E) not in the labor force because she moved more than 150 miles. 
A) a discouraged worker. 
B) frictionally unemployed. 
C) cyclically unemployed. 
D) avoidably unemployed. 
E) not in the labor force because she moved more than 150 miles.

Question 8

The size of the labor force is

Accepted Answer

A) equal to the size of the population. 
B) less than the number of employed workers if the number of unemployed workers is small enough. 
C) less than the number of unemployed workers if the number of employed workers is small enough. 
D) greater than the number of employed workers as long as there are some unemployed workers. 
E) equal to the working-age population. 
A) equal to the size of the population. 
B) less than the number of employed workers if the number of unemployed workers is small enough. 
C) less than the number of unemployed workers if the number of employed workers is small enough. 
D) greater than the number of employed workers as long as there are some unemployed workers. 
E) equal to the working-age population.

Question 9

When the unemployment rate is less than the natural unemployment rate,real GDP is ________ potential GDP.

Accepted Answer

A) greater than 
B) less than 
C) unrelated to 
D) equal to 
E) not comparable to 
A) greater than 
B) less than 
C) unrelated to 
D) equal to 
E) not comparable to

Question 10

The unemployment rate generally ________ during recessions and generally ________ during expansions.

Accepted Answer

A) increases;decreases 
B) decreases;increases 
C) increases;increases 
D) decreases;decreases 
E) increases;does not change 
A) increases;decreases 
B) decreases;increases 
C) increases;increases 
D) decreases;decreases 
E) increases;does not change

Question 11

During 2009,General Motors announced that it would close its Saturn facilities in the United States because of the foreign competition it faced.This corporate move

Accepted Answer

A) increased structural unemployment. 
B) increased avoidable unemployment. 
C) increased cyclical unemployment. 
D) had no impact on unemployment. 
E) decreased frictional unemployment. 
A) increased structural unemployment. 
B) increased avoidable unemployment. 
C) increased cyclical unemployment. 
D) had no impact on unemployment. 
E) decreased frictional unemployment.

Question 12

A weakness that could be noted about the unemployment rate is that it

Accepted Answer

A) does not account for the underutilization of workers. 
B) considers marginally attached workers as unemployed. 
C) overestimates the number of part-time workers. 
D) does not count part-time workers. 
E) counts discouraged workers as employed. 
A) does not account for the underutilization of workers. 
B) considers marginally attached workers as unemployed. 
C) overestimates the number of part-time workers. 
D) does not count part-time workers. 
E) counts discouraged workers as employed.

Question 13

U-4,U-5 and U-6 are

Accepted Answer

A) all broader measures of the unemployment rate. 
B) all narrower measures of the unemployment rate. 
C) not used by the Bureau of Labor Statistics because they include too much variability. 
D) narrower measures of the labor force participation rate. 
E) broader measures of the labor force participation rate. 
A) all broader measures of the unemployment rate. 
B) all narrower measures of the unemployment rate. 
C) not used by the Bureau of Labor Statistics because they include too much variability. 
D) narrower measures of the labor force participation rate. 
E) broader measures of the labor force participation rate.

Question 14

Juan recently lost his job as a travel agent,which he has had for 20 years,because the demand for his services has fallen over time as more and more people book their vacations online.Unfortunately,Juan has not been able to find a new job because he lacks the skills needed to get hired in other industries where job growth is occurring.Juan is considered to be

Accepted Answer

A) structurally unemployed. 
B) frictionally unemployed. 
C) cyclically unemployed. 
D) a marginally attached worker. 
E) not in the labor force. 
A) structurally unemployed. 
B) frictionally unemployed. 
C) cyclically unemployed. 
D) a marginally attached worker. 
E) not in the labor force.

Question 15

Which is true regarding cyclical unemployment?
I.Cyclical unemployment is positive at business cycle peaks.
Ii.Cyclical unemployment is negative at business cycle troughs.
Iii.Cyclical unemployment is zero at full employment.

Accepted Answer

A) iii only 
B) i,ii and iii 
C) i and iii 
D) i only 
E) i and ii 
A) iii only 
B) i,ii and iii 
C) i and iii 
D) i only 
E) i and ii

Question 16

In a country with a working-age population of 200 million,140 million people are employed and 20 million are unemployed.The size of the labor force is

Accepted Answer

A) 200 million. 
B) 160 million. 
C) 140 million. 
D) 20 million. 
E) 120 million. 
A) 200 million. 
B) 160 million. 
C) 140 million. 
D) 20 million. 
E) 120 million.

Question 17

Over the last 50 years,
a.how has the labor force participation rate changed?
b.how have the men's and women's labor force participation rates changed?

Accepted Answer

a.Over the past 50 years,the overall lab

Question 18

Which type of unemployment is most likely to lead unemployed workers to retrain or relocate?

Accepted Answer

A) cyclical 
B) forced 
C) structural 
D) frictional 
E) search 
A) cyclical 
B) forced 
C) structural 
D) frictional 
E) search

Question 19

When the economy is at full employment,

Accepted Answer

A) 100 percent of the labor force is employed. 
B) there is no structural or cyclical unemployment. 
C) there is no cyclical unemployment. 
D) there is only frictional unemployment. 
E) the natural unemployment rate equals zero. 
A) 100 percent of the labor force is employed. 
B) there is no structural or cyclical unemployment. 
C) there is no cyclical unemployment. 
D) there is only frictional unemployment. 
E) the natural unemployment rate equals zero.

Question 20

The upward trend in the U.S.labor force participation rate the past 50 years is explained by

Accepted Answer

A) the increase in the population. 
B) the increase in the male labor force participation rate. 
C) the increase in the number of discouraged workers. 
D) the increase in the female labor force participation rate. 
E) Both answers B and D are correct. 
A) the increase in the population. 
B) the increase in the male labor force participation rate. 
C) the increase in the number of discouraged workers. 
D) the increase in the female labor force participation rate. 
E) Both answers B and D are correct.

unemployment changes slowly and depends on .

The unemployment rate is the

From 1948 to 2011,the average unemployment rate in the United States was approximately

What is the relationship over the business cycle of potential GDP and real GDP?

-The table shows data reported by Statistics Canada for 1999.In 1999,the unemployment rate was

In August of 2013,the number of employed persons in the United States was 144.2 million,the number of unemployed persons was 11.3 million,and the number of persons not in the labor force was 90.5 million.What was the labor force in August of 2013?

Rosina Gonzales quit her job in Pennsylvania and moved to California to be close to her family.She is currently looking for work,so she would be considered

The size of the labor force is

When the unemployment rate is less than the natural unemployment rate,real GDP is ________ potential GDP.

The unemployment rate generally during recessions and generally during expansions.

During 2009,General Motors announced that it would close its Saturn facilities in the United States because of the foreign competition it faced.This corporate move

A weakness that could be noted about the unemployment rate is that it

U-4,U-5 and U-6 are

Which is true regarding cyclical unemployment? I.Cyclical unemployment is positive at business cycle peaks. Ii.Cyclical unemployment is negative at business cycle troughs. Iii.Cyclical unemployment is zero at full employment.

In a country with a working-age population of 200 million,140 million people are employed and 20 million are unemployed.The size of the labor force is

Over the last 50 years, a.how has the labor force participation rate changed? b.how have the men's and women's labor force participation rates changed?

Which type of unemployment is most likely to lead unemployed workers to retrain or relocate?

When the economy is at full employment,

The upward trend in the U.S.labor force participation rate the past 50 years is explained by

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 changes slowly and depends on ________.

The unemployment rate is the

From 1948 to 2011,the average unemployment rate in the United States was approximately

What is the relationship over the business cycle of potential GDP and real GDP?

-The table shows data reported by Statistics Canada for 1999.In 1999,the unemployment rate was

In August of 2013,the number of employed persons in the United States was 144.2 million,the number of unemployed persons was 11.3 million,and the number of persons not in the labor force was 90.5 million.What was the labor force in August of 2013?

Rosina Gonzales quit her job in Pennsylvania and moved to California to be close to her family.She is currently looking for work,so she would be considered

The size of the labor force is

When the unemployment rate is less than the natural unemployment rate,real GDP is ________ potential GDP.

The unemployment rate generally ________ during recessions and generally ________ during expansions.

During 2009,General Motors announced that it would close its Saturn facilities in the United States because of the foreign competition it faced.This corporate move

A weakness that could be noted about the unemployment rate is that it

U-4,U-5 and U-6 are

Which is true regarding cyclical unemployment? I.Cyclical unemployment is positive at business cycle peaks. Ii.Cyclical unemployment is negative at business cycle troughs. Iii.Cyclical unemployment is zero at full employment.

In a country with a working-age population of 200 million,140 million people are employed and 20 million are unemployed.The size of the labor force is

Over the last 50 years, a.how has the labor force participation rate changed? b.how have the men's and women's labor force participation rates changed?

Which type of unemployment is most likely to lead unemployed workers to retrain or relocate?

When the economy is at full employment,

The upward trend in the U.S.labor force participation rate the past 50 years is explained by

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

unemployment changes slowly and depends on .

The unemployment rate generally during recessions and generally during expansions.