Question 1

In order to obtain the data used to calculate the unemployment rate,the Bureau of Labor Statistics

Accepted Answer

A) adds the number of people collecting unemployment insurance from each state. 
B) adds the state unemployment claims reports. 
C) uses a survey from 60,000 households. 
D) adds together all the reports of layoffs from businesses. 
E) uses a survey from 160,000 firms. 
A) adds the number of people collecting unemployment insurance from each state. 
B) adds the state unemployment claims reports. 
C) uses a survey from 60,000 households. 
D) adds together all the reports of layoffs from businesses. 
E) uses a survey from 160,000 firms.

Question 2

-Using the table above,the unemployment rate is

Accepted Answer

A) 11.2 percent. 
B) 6.3 percent. 
C) 4.2 percent. 
D) 10 percent. 
E) 5.8 percent. 
A) 11.2 percent. 
B) 6.3 percent. 
C) 4.2 percent. 
D) 10 percent. 
E) 5.8 percent.

Question 3

Frictional unemployment is the result of

Accepted Answer

A) technological change or foreign competition. 
B) normal labor market turnover. 
C) a slowdown in the rate of economic expansion. 
D) the economy entering a strong expansion. 
E) changes in the weather. 
A) technological change or foreign competition. 
B) normal labor market turnover. 
C) a slowdown in the rate of economic expansion. 
D) the economy entering a strong expansion. 
E) changes in the weather.

Question 4

The unemployment rate measures the percentage of

Accepted Answer

A) people who want full-time jobs,but can't find them. 
B) the working-age population who can't find a job. 
C) people in the labor force who can't find a job. 
D) the working-age population that can't find a full-time job. 
E) employed people who can't find a job. 
A) people who want full-time jobs,but can't find them. 
B) the working-age population who can't find a job. 
C) people in the labor force who can't find a job. 
D) the working-age population that can't find a full-time job. 
E) employed people who can't find a job.

Question 5

Define and give an example of how a spell of frictional unemployment can begin.

Accepted Answer

Frictional unemployment is the unemploym

Question 6

Which of the following correctly describes "frictional unemployment"?

Accepted Answer

A) Frictional unemployment includes only people who are job losers. 
B) Frictional unemployment includes only people who are job leavers. 
C) Frictional unemployment occurs mainly during recessions. 
D) Frictional unemployment is a normal occurrence in a growing economy. 
E) Frictional unemployment falls in recessions and rises in expansions. 
A) Frictional unemployment includes only people who are job losers. 
B) Frictional unemployment includes only people who are job leavers. 
C) Frictional unemployment occurs mainly during recessions. 
D) Frictional unemployment is a normal occurrence in a growing economy. 
E) Frictional unemployment falls in recessions and rises in expansions.

Question 7

Which of the following would be considered a marginally attached worker?
I.Lou,who worked 15 hours unpaid at her mother's store last month
Ii.Sylvia,who is not working and hasn't looked for work in 3 months
Iii.Meredith,who is no longer working after taking early retirement from her employer

Accepted Answer

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

Question 8

The working-age population of people over the age of 16 can be divided into two groups,people

Accepted Answer

A) in the labor force and people looking for work. 
B) in the labor force and people with a job. 
C) looking for work and those in the U.S.Armed Forces. 
D) in the labor force and people who are not in the labor force. 
E) with a job and people actively seeking a job. 
A) in the labor force and people looking for work. 
B) in the labor force and people with a job. 
C) looking for work and those in the U.S.Armed Forces. 
D) in the labor force and people who are not in the labor force. 
E) with a job and people actively seeking a job.

Question 9

Since 1980,the percentage of part-time workers who are part time for economic reasons

Accepted Answer

A) has steadily decreased. 
B) has steadily increased. 
C) at first increased,then generally decreased. 
D) generally increased in recessions and decreased in expansions. 
E) has remained approximately constant. 
A) has steadily decreased. 
B) has steadily increased. 
C) at first increased,then generally decreased. 
D) generally increased in recessions and decreased in expansions. 
E) has remained approximately constant.

Question 10

When the automobile replaced horse-drawn carriages as the principal means of transportation,firms producing horse-drawn carriages went bankrupt and permanently laid off all their workers,thereby increasing
I.seasonal unemployment.
Ii.structural unemployment.
Iii.cyclical unemployment.

Accepted Answer

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

Question 11

Beth has just quit her job,moved to a new city,and is looking for a new job.Beth is

Accepted Answer

A) frictionally unemployed. 
B) structurally unemployed. 
C) distance unemployed. 
D) cyclically unemployed. 
E) locationally unemployed. 
A) frictionally unemployed. 
B) structurally unemployed. 
C) distance unemployed. 
D) cyclically unemployed. 
E) locationally unemployed.

Question 12

Suppose the current unemployment rate is 5 percent,the labor force is 400 million people,the labor force participation rate is 80 percent and the working-age population is 500 million people.What number of people are unemployed?

Accepted Answer

The number of unemployed peopl

Question 13

If the working age population ________ and the labor force does not change,the ________.

Accepted Answer

A) increases;labor force participation rate will increase 
B) increases;labor force participation rate will decrease 
C) increases;unemployment rate will increase 
D) decreases;unemployment rate will increase 
E) decreases;labor force will increase 
A) increases;labor force participation rate will increase 
B) increases;labor force participation rate will decrease 
C) increases;unemployment rate will increase 
D) decreases;unemployment rate will increase 
E) decreases;labor force will increase

Question 14

Discouraged workers who are over 16 years old are
I.not counted as unemployed.
Ii.part of the working-age population.
Iii.part of the labor force.

Accepted Answer

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

Question 15

Which of the following is true?

Accepted Answer

A) Real GDP fluctuates around potential GDP. 
B) Potential GDP fluctuates around real GDP. 
C) Nominal GDP fluctuates around real GDP. 
D) Real GDP fluctuates around nominal GDP. 
E) When real GDP equals potential GDP,both equal nominal GDP. 
A) Real GDP fluctuates around potential GDP. 
B) Potential GDP fluctuates around real GDP. 
C) Nominal GDP fluctuates around real GDP. 
D) Real GDP fluctuates around nominal GDP. 
E) When real GDP equals potential GDP,both equal nominal GDP.

Question 16

Using the table above,the Current Population Survey classifies the group of individuals who are left after subtracting from the total population groups 1,2,and 3 as

Accepted Answer

A) the working-age population. 
B) the labor force. 
C) employed. 
D) unemployed. 
E) discouraged workers. 
A) the working-age population. 
B) the labor force. 
C) employed. 
D) unemployed. 
E) discouraged workers.

Question 17

Since 1960,in the United States the labor force participation rate for men has ________ and for women has ________.

Accepted Answer

A) increased;increased 
B) increased;decreased 
C) decreased;increased 
D) decreased;decreased 
E) not changed;increased 
A) increased;increased 
B) increased;decreased 
C) decreased;increased 
D) decreased;decreased 
E) not changed;increased

Question 18

At full employment,there is no

Accepted Answer

A) unemployment. 
B) frictional unemployment. 
C) structural and seasonal unemployment. 
D) cyclical unemployment. 
E) structural unemployment. 
A) unemployment. 
B) frictional unemployment. 
C) structural and seasonal unemployment. 
D) cyclical unemployment. 
E) structural unemployment.

Question 19

Since 1960,the labor force participation rate in the United States

Accepted Answer

A) has remained remarkably stable. 
B) has generally decrease. 
C) has generally increased. 
D) at first rose sharply and then gradually decreased. 
E) at first gradually decreased and in recent years has risen sharply. 
A) has remained remarkably stable. 
B) has generally decrease. 
C) has generally increased. 
D) at first rose sharply and then gradually decreased. 
E) at first gradually decreased and in recent years has risen sharply.

Question 20

What is the definition of the unemployment rate? How are part-time workers and discouraged workers treated when calculating the unemployment rate?

Accepted Answer

The definition of the unemployment rate

In order to obtain the data used to calculate the unemployment rate,the Bureau of Labor Statistics

-Using the table above,the unemployment rate is

Frictional unemployment is the result of

The unemployment rate measures the percentage of

Define and give an example of how a spell of frictional unemployment can begin.

Which of the following correctly describes "frictional unemployment"?

Which of the following would be considered a marginally attached worker? I.Lou,who worked 15 hours unpaid at her mother's store last month Ii.Sylvia,who is not working and hasn't looked for work in 3 months Iii.Meredith,who is no longer working after taking early retirement from her employer

The working-age population of people over the age of 16 can be divided into two groups,people

Since 1980,the percentage of part-time workers who are part time for economic reasons

When the automobile replaced horse-drawn carriages as the principal means of transportation,firms producing horse-drawn carriages went bankrupt and permanently laid off all their workers,thereby increasing I.seasonal unemployment. Ii.structural unemployment. Iii.cyclical unemployment.

Beth has just quit her job,moved to a new city,and is looking for a new job.Beth is

Suppose the current unemployment rate is 5 percent,the labor force is 400 million people,the labor force participation rate is 80 percent and the working-age population is 500 million people.What number of people are unemployed?

If the working age population and the labor force does not change,the .

Discouraged workers who are over 16 years old are I.not counted as unemployed. Ii.part of the working-age population. Iii.part of the labor force.

Which of the following is true?

Using the table above,the Current Population Survey classifies the group of individuals who are left after subtracting from the total population groups 1,2,and 3 as

Since 1960,in the United States the labor force participation rate for men has and for women has .

At full employment,there is no

Since 1960,the labor force participation rate in the United States

What is the definition of the unemployment rate? How are part-time workers and discouraged workers treated when calculating the unemployment rate?

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

In order to obtain the data used to calculate the unemployment rate,the Bureau of Labor Statistics

-Using the table above,the unemployment rate is

Frictional unemployment is the result of

The unemployment rate measures the percentage of

Define and give an example of how a spell of frictional unemployment can begin.

Which of the following correctly describes "frictional unemployment"?

Which of the following would be considered a marginally attached worker? I.Lou,who worked 15 hours unpaid at her mother's store last month Ii.Sylvia,who is not working and hasn't looked for work in 3 months Iii.Meredith,who is no longer working after taking early retirement from her employer

The working-age population of people over the age of 16 can be divided into two groups,people

Since 1980,the percentage of part-time workers who are part time for economic reasons

When the automobile replaced horse-drawn carriages as the principal means of transportation,firms producing horse-drawn carriages went bankrupt and permanently laid off all their workers,thereby increasing I.seasonal unemployment. Ii.structural unemployment. Iii.cyclical unemployment.

Beth has just quit her job,moved to a new city,and is looking for a new job.Beth is

Suppose the current unemployment rate is 5 percent,the labor force is 400 million people,the labor force participation rate is 80 percent and the working-age population is 500 million people.What number of people are unemployed?

If the working age population ________ and the labor force does not change,the ________.

Discouraged workers who are over 16 years old are I.not counted as unemployed. Ii.part of the working-age population. Iii.part of the labor force.

Which of the following is true?

Using the table above,the Current Population Survey classifies the group of individuals who are left after subtracting from the total population groups 1,2,and 3 as

Since 1960,in the United States the labor force participation rate for men has ________ and for women has ________.

At full employment,there is no

Since 1960,the labor force participation rate in the United States

What is the definition of the unemployment rate? How are part-time workers and discouraged workers treated when calculating the unemployment rate?

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

If the working age population and the labor force does not change,the .

Since 1960,in the United States the labor force participation rate for men has and for women has .