which of the following statements are true regarding unemploymentidioms about being sneaky

a. an increase in frictional unemployment b. a decrease in the natural rate of unemployment c. a decrease in cyclical unemployment d. an inc, 91. If the MPC is 0.5 and the government increases spending by $250 billion, which of the following will be the effect this change has on the economy? Select all that apply. Define unemployment. B. A decline in the markup on wages by 10% along with no change in the pa. B. a. a. a person who works only 5 hours per week for pay b. a full-time college student who chooses not to have a paying job c. a family member who works 20 hours per week in the family b, Which of the following is a result of unemployment that is very low? To be officially unemployed, a person has to be in the labor force. b. a. The structural unemployment rate, c. The natural unemployment rate, d. The frictional unemployment rate. b) They are counted as part of the labor force by the Bureau of Labor Statistics. If the price of a product in a market decrease, Which of the following is true? Unemployment closely tied to the business cycle, e.g. Output cannot begin rising due to the lack of available labor, c. Ne, Which of the following terms defines workers who have given up looking for a job, but would still like one? B. is counted as unemployed but should be counted as out of t, Which statement is true about unemployment insurance? c. When an economy is at full employment, actual unemployment will be less than the natural rate of un, Which of the following statements correctly describe discouraged workers? The alternation between recessions and expansions is known as the: a. unemployment rate b. long-run economic growth c. business cycle d. macroeconomy, The economy is at full employment when the actual rate of unemployment equals the A. labor force minus the number of discouraged workers. Minimum wage laws B. Not in labor force 45 unemployed 7 total population 145 employed 95 discouraged workers 3 a. what is the size of the labor force? C. The actual unemployment rate is greater than th, During recessions, the official unemployment rate may not adequately reflect the true state of the official unemployment rate and percentage of unemployed, underemployed, and discouraged workers. A. C. It is decided upon by the federal government. People who work at least one hour per week. d. It is the amount of unemployment that the economy normally experiences. Minimum wage c. Employment protection laws d. Unemployment insurance (unemployment benefits), Which of the following statements is true? B. B) unemployed but seeking work. c. People who are underemployed. b. 2. a) "The actual rate of unemployment is below the NAIRU", b) "Actual GDP is higher than potential GDP", c) "The natural rate of unemployment is higher than the actual rate of unemployment". The natural unemployment rate b. Calculations of the official unemployment rate exclude: A) labor force. d. seasonal unemployment. C. A person who is working part-time but would like to be work. C) employed. c. People over 65 who don't really want to work. A. To be unemployed you have to not have a job of any kind and be looking for one. Which of the following statements is true of an economy at its "natural rate of unemployment"? d. structural unemployment. Which statement below is true of price floors? According to the data, what is the unemployment rate for this economy? c. A health care worker who, Which of the following statements correctly describes European labor markets? What defines a person as unemployed? B. Frictional unemployment results from the process of matching workers and jobs. c. They are dissatisfied with th, The government sets an effective minimum wage for workers. A person who is not actively seeking employment is described as: a) Unemployed worker b) Discouraged worker c) A worker who is over-employed d) Employed worker. II. a. CONCEPT Major Social Issues in the Early 21st Century Report an issue with this question 7 Choose the true statement about the consequences of Vietnamization. b. a. a. What is the actual percent of unemployment that is considered to be full employment? Select all that apply. b) A person who is not working is officially unemployed. Which of the following statements is true regarding the natural unemployment rate? An increase in the minimum wage has no effect on the well-being of middle-class families. a. computer programmers who lost their jobs because of a recession b. construction workers who are on temporary layoff c. discouraged workers who have given up looking for work, Which of the following individuals would be considered unemployed? ", Which of the following is an example of an active labor market policy? d. Un. awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following couldcause a shift in the demand curve? II. a. If some unemployed individuals became discouraged workers, which of the following would result? d. Which of the following is not correct? A. During a recession, cyclical unemployment will be low. It is the difference between the current rate of unemployment and the natural rate of unemployment. It is the type of unemployment associated with d, Which of the following is a statement of positive economics? People who lost their jobs during the recession experienced cyclical unemployment . A person who is not working is officially unemployed. Which of the following statements is false? b. There is no cyclical unemployment in the economy. (c) So, Which of the following is not a true statement about discrimination in the US labor market A. (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. Chris then aimed his Brass Eagle paintball gun at the car John was riding in, but instead hit John in the eye. B. the unemployment rate is below the natural rate of unemployment. The actual unemployment rate can never be above the natural rate. c. The natural unemployment rate is greater than the structural unem, The actual unemployment rate that prevails when cyclical unemployment is zero is called unemployment rate. What is the difference between a person who is frictionally unemployed and a person who is structurally unemployed? b) The supply curves of indi, Indicate whether each of the following statements applies to microeconomics or macroeconomics: a. Interviewing a wide variety of candidates to ensure a diverse workforce b. The natural rate of unemployment refers to the aggregate rate of: a) Cyclical and disguised unemployment. What is the difference between being unemployed and being out of the labor force? They have given up on looking for a job. d. the unemployment rate will be zero. (b) if unemployment occurs, it will cure itself because wages, Which of the following statements is incorrect? B. There is no cyclical unemployment in the economy. B. c. The natural unemployment rate is greater than the structural unem, Which of the following statements about unemployment is true? of persons are insured persons- loss will be spread smoothly . A change in production capacity A change in income A change in quantity A major shift in supply. a. It is not considered a legitimate type of employment. Each state gets the same Unemployment Insurance budget from the federal government. c. employment rates will be rising. ", Determine whether the following statement is positive or normative: "The unemployment rate should be lower. Choose all that apply. People quitting a job just long enough to look for and find another one. Explain. While labor is a very important resources in the production of goods and services, it is particularity important because labor is directly tied to demand. Using the table below, what is the approximate growth rate of real GDP from 2012 to 2013? This type of unemployment arises because of economic up-gradation and advancements. b. structural unemployment will be zero. B. will equal structural unemployment. b. Select all that apply. c. The doctrine helps lower labor hiring and firing costs, leading to lower unemployment rates. Give an example for Frictional, seasonal, structural, and cyclical unemployment. b. b. What is the difference between a person who is frictionally unemployed and one who is structurally unemployed? Which of the following policies would help achieve this goal? a. Frictional unemployment implies a lack of available jobs. a) They have given up on looking for a job. a. why setting wages at the equilibrium level may increase Unemployment. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. C. the unemployment rate is above the natural rate of unemployment. a. A decrease in the quantity of labor supplied b. Workers wish to supply more hours of work than firms are willing to buy, leading to unemployment. Which of the following is true? a. B. frictional unemployment would rise. See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. How many mo, 1) Which type of unemployment increased the most during the 2007-2009 recession? C) there is no frictional cyclical unemployment. Which of the following statements are true regarding unemployment? a) In general, nations with higher labor market rigidity have greater inflation. b) The unemployment rate is 4.8 percent. Select all that apply. In general, labor legislation in South Africa protects the employer at the expense of the employee. The causes of unemployment are heavily debated. Unemployment that is caused by business recessions is called: a. frictional unemployment b. seasonal unemployment c. structural unemployment d. cyclical unemployment, If the actual rate of unemployment were 4.2%, while the natural rate of unemployment were 4.8%, what would the cyclical rate of unemployment be? This answer has been confirmed as correct and helpful. Structural unemployment increases b. d. frictional plu, 1. B. ", Which of the following does the Theory of Efficiency Wages explain? Rent control is an example of a price floor. Which of the following statements is/are correct regarding unemployment in the Keynesian and the AD-AS models? Learn the various types of unemployment. Explain each answer briefly. b) Calculate the tax cut needed to eliminate this GDP loss. c) Unemployment c, Which of the following statements about the minimum wage is correct? -Unemployment figures that estimate the number of unemployed are prepared by the U.S. Department of Labor. Full employment is natural unemployment minus 100%. a. B) The union markup is relatively small for unionized firms in a competitive market. The actual unemployment rate can never be at the natural rate. i) Juliet, who was fired when the company where she worked went bankrupt in a recession. If the unemployment rate had been 4.5 percent instead of 4.9 percent: a. A. D. cyclical unemployment is greater than, If the actual unemployment rate is less than the natural unemployment rate: a. a recessionary gap exists and wages are likely to rise. No person is unemployed for whatever reason. President Nixon escalated the war in Southeast Asia by sending troops into Cambodia. C. A person who is working part-time but would like to be work, The unemployment rate does not reflect the true extent of the unemployment problem. b. B. The actual unemployment rate can never be at the natural rate. Unemployment that is due to a recession is: a. involuntary unemployment. In the labor force? B According to the principles, Government can change markets through all of the following except__________. The unemployment rate is understated due to: a) None of the above. Which of the following statements are true regardingunemployment? Which of the following are true of state and local revenues? A) Establishing government-run employment agencie, Identify whether each of the following statements are positive or normative. b. Which of the following statements correctly describe discouraged workers? The United States assumed total responsibility for the . Structural unemployment c. Cyclical unemployment d. Seasonal unemployment e. Voluntary unemplo. The natural unemployment rate is the unemployment rate that exists when there is no A) structural unemployment. Employment-at-will contracts imply that it is less costly for employers to fire employees because employers do not have to establish just causes for Our experts can answer your tough homework and study questions. The natural rate of unemployment: A. fluctuates around the actual rate of unemployment. Which of the following statements are true regarding unemployment? 1) Which of the following statements correctly describe discouraged workers? a. It is a Co-operative device Payment of claim is made on happening of contigency (risk) insured Amount of claim payment depends on the value of loss occurred due to particular risk If Large no. (b) The pricing policies of firms. Which of the following is not predicted by the technology shock driven real business cycle (RBC) theory? Which of the following statements about unemployment is true? b. an inflationary gap exists and wages are likely to rise. Unemployment that results from business recessions that occur when aggregate demand is insufficient to create full employment is: a. cyclical unemployment b. frictional unemployment c. structural unemployment d. seasonal unemployment. An increase in the real production always implies that unemployment rate will decline. 2.25 c. 3.33 d. Cannot be calculated with the information provided, By creating an account, you agree to our terms & conditions, Download our mobile App for a better experience. B. the portion of unemployment created by the job search. C. It does not exist in developed economies. e) A person who is a full-time student and not seeking employment is still considered unemployed. c. The people who gave up looking for. a. The unemployment rate as fallen by 1 percentage point c. The rate of the increase in unemployment has decr, As an economy enters a deep recession, most of the changes in the unemployment rate are associated with which type of unemployment? a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. b. Pick one type of unemployment and explain what it is with an example. C. cyclical unemployment is zero. B. b. structural unemployment. b. b. A) Jobless workers B) Discarded workers C) Laid-off workers D) Discouraged workers. The actual unemployment rate can never be above the natural rate. C. It is positive in recessions and negative in economic booms. d. Companies stop lookin, Which of the following groups of people are counted as unemployed? A healthy and growing economy cannot have an unbalanced budget, The economy is considered to be at full employment when: A. Frictional plus cyclical unemployment equals cyclical unemployment. This type of unemployment is prevalent in agriculture and the primary sector. The unemployment rate is equal to 0%. b. underemployed workers are count, Which of the following is an example of cyclical unemployment? When an economy achieves full employment, a. the unemployment rate will equal the natural rate of unemployment. d. the natural unemployment rate. Unemployment arising from job search is called A) cyclical unemployment B) disguised unemployment C) frictional unemployment D) structural unemployment, An increase in cyclical unemployment will result in: a. an increase in the unemployment rate b. an increase in the natural rate of unemployment c. an increase in structural unemployment d. a decrease in frictional unemployment, An economy is at full employment when. Which of the following statements is (are) true with respect to the Social Security earnings test? a. B. B. seasonal unemployment. B. b. A) Natural unemployment + Cyclical unemployment. a. A. C. All nations measure unemployment in the same way. Choose all that apply. Identify all that apply. B) frictional unemployment. a. During a recession, cyclical unemployment will be low. b) Unemployment. Frictional unemployment is due to changes in the economy. (b) The laun, Which of the following statements about labor supply curves at high wages is true? Seasonal unemployment happens when people are out of work due to the season. D. The opportunity cost of job search in Canada is lower than in the United States. All of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment, Which of the following statements is/are correct? ANS: D d. There must be involuntary unemployment in an efficiency wage equilibrium. The natural rate of unemployment does not include which of the following? Retail sales measure the current outlook for the economy. b. The variation in unemployment caused by the economy moving from expansion to recession or from recession to expansion is known as: a) Cyclical employment. a. A U.S. software firm discharged 15 workers last month and transferred the work, Which of the following statements (if any) correctly describe discouraged workers? E. natural unemployment. higher unemployment during a recession. A. How many fewer workers would have been unemployed? B. structural unemployment is zero. c. a person does not have a job, regardless of whether or not they want one. 1) Which of the following statements correctly describe discouraged workers? d) job-search assistance. Output cannot begin rising due to the lack of available labor, c. Ne, Which of the following might help explain the higher productivity of union workers? C. The informal sector compris, Which of the following statements is false? B. c) The U.S. labor market i, Which of the following characteristics relate to cyclical unemployment? As a result. a. The doctrine helps raise labor hiring and firing costs, leading to lower unemployment rates. 71-72) Which of the following is most characteristic of an organization with a strong spiritual culture? b. All rights reserved. C. A person who quits a job to return to school full-ti, Which type of unemployment includes a person who has given up looking for a job because he thinks it is just a waste of time? Check all that apply. All rights reserved. A full-time college student. D. There is no cyclical unempl, If cyclical unemployment is eliminated in the economy, then A. the economy is considered to be at full employment. In the production function, all the inputs are assumed to be fixed. Which of the following statements about unemployment is true? 4%. I. Employment insurance compensation increases the opportunity cost of being. Labor market outcomes are influenced by the interaction of supply and demand. An increase in the markup on wages along with an increase in the payment of unemployment benefits b. a. D. There is, The government sets an effective minimum wage for workers. Hence, lesser will be premium It is neither Charity nor Gambling (b) South Africa has a serious unemplo, Which of the following measures to cure unemployment would we call supply-side and which demand-side solutions, and which have elements of both? Select all that apply. An efficient wage b. A decrease in the market clearing wage c. Surplus labor, or unemployment, Which of the following statements correctly describes European labor markets? c. frictional unemployment will be zero. Which of the following statements is false? A. It is not considered a legitimate type of employment. c. The minimum wage reduces the number of jobs for less skilled workers. a.Federal law determines how income will be allocated between spouses in community property states. Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. Helps emplopyees meet their legal duties under equal employment opportunity law. Full employment is natural unemployment minus 100%. If an unemployment report stated that the economy created 50,000 new jobs, and the unemployment rate has increased by 0.2 percent, is there an error in the report? Full employment is natural unemployment minus 100%. Which of the following statements about unemployment is true? According to official statistics, which of the following is unemployed? B. A person working for the family business after school without pay. a) Fricti. Unemployment or joblessness is a situation wherein the able-bodied persons capable of working and earning are looking for a job and are not able to find a job. b) Unemployed: out of work looking for a job. True B. D) discouraged workers. C. falls toward zero. The few people who are unemployed stop looking for jobs. B. A. Which of the following statements regarding cyclical unemployment are not true? c. a discouraged worker. a. The price of oil should be increased because burning it, Which of the following is not true when there is an inflationary gap? a. Which of the following is true of cyclical unemployment? A person who is not working is officially unemployed. a) They have given up on looking for a job. Which of the following is true when the economy is at full employment? c. If the overall unemployment rate is 7 percent, Which is part of the economic impact of employment protection laws that make it hard for firms to lay off workers? E. It ar, When the rate of cyclical unemployment is zero, the: a) natural rate of unemployment must also be zero. b) A person who is not working is officially unemployed. When there is involuntary unemployment, the employment rent is zero. Which of the following is not included in the natural rate of unemployment? Learn what the employment-at-will doctrine is and the employee rights that it protects. 20. It is reflected in the GDP gap. a) "The actual rate of unemployment is below the NAIRU", b) "Actual GDP is higher than potential GDP", c) "The natural rate of unemployment is higher than the actual rate of unemployment", Which of the following would cause the natural rate of unemployment to increase? Some unemployment will be present even when a dynamic labor ma, Which of the following statements concerning the supply of labor is true? A general downturn in the economy. c) work tests. c. Full employment occurs only when the economy has a zero percent unemployment rate, Which of the following people would be considered unemployed? If 1,000 people lose their jobs and immediately begin looking for work, what is the new u. B. It is possible to eliminate natural unemployment. a. People who lost their jobs during the recession experienced cyclical unemployment. b. Full employment is natural unemployment minus 100%. b. B. Frictional and structural unemployment are also equal to zero. 1. c. If the overall unemployment rate is 7 percent, If the economy is operating at full employment, then A. the unemployment rate is zero percent. however, now we learned that everything is gone. 1. a. frictional unemployment b. the wage to rise above the equilibrium level c. conflict between insiders who benefit from high union wages and outsiders who do not get the union jobs d. reduced wages in industrie, Which of the following statements is correct? 3% b. b. B. An unemployment rate of 7 percent is a serious problem. b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following is true? Become a Study.com member to unlock this answer! Which of the following statements regarding unemployment is true? a. surplus labor, or unemployment b. a decrease in the market-clearing wage c. a decrease in the quantity of labor supplied d. Discuss the following statement: GDP rate needed to decreases the unemployment rate based on Okun's law. [1] b [2] a. c. discouraged unemployment. Which of the following statements regarding unemployment is true? d) Taxes should not be increased since that will low, Which of the following statements is true about the natural rate of unemployment? a. Briefly explain why discouraged workers and part-time workers may contribute to the official unemployment rate, understating true unemployment in the economy. )contractionary monetary policy; left b.)contractionary. "The natural rate of unemployment is equal to frictional unemployment plus structural unemployment". Cyclical unemployment is 5% or less. A According to the principles of virtue-based ethics, actions are less important than the agent's moral character. A person who has given up searching for work is called a. frictionally unemployed. a. Which of the following statements about the employment-at-will doctrine is TRUE? idb bank, including its subsidiaries and divisions, provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual . d. It causes the natural rate of unemployment to rise. d. all of the above, The economy is fully employed when there is no: a. seasonal unemployment b. frictional unemployment c. structural unemployment d. cyclical unemployment. D. seasonal unemployment. ", Which of the following would lead to a lower unemployment rate? 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. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. b. cyclical unemployment should increase and real GDP should decline. a. d. None of the above. Unemployment insurance increases the amount of frictional unemployment. ", Which of the following statements is/are correct? Which of the following statements is false? Which of the following statements is true regarding the natural unemployment rate? There is no cyclical unemployment in the economy. A. d) not a member of the labor force. All rights reserved. c) Discouraged workers not counted in the labor force. Cyclical unemployment increases. a. reduce unemployment rates b. boost company profits c. restore a sense of community d. bring religion into business (c; moderate; pp. b. Employment exceeds full employment. b. There is only cyclical unemployment in the economy. a. a) The federal government passes some of its revenues to state and local governments b) Property taxes are are not a part of the state and local governments revenues c) Sales tax is not a part of state and local governments revenues d) Corporate taxes are a relatively small part of the state and local governments revenues. a. b. Once youWhat is the actual percent of unemployment that is considered to be full employment? It is difficult to predict because it involves all kinds of workers. D) self-employed. b. frictional unemployment. They are counted as part of the labor force by the Bureau of Labor Statistics. Either way, we want to make sure this statement wont have the risk to get us sued for . b.Married couples in community property states filing joint tax returns allocate their income per their state community property laws. b. b. b. C) cyclical unemployment. When there is involuntary unemployment, the employment rent is zero. A. B) underemployed. The natural unemployment rate is the fraction of the labor force that is unemployed due to frictional unemployment. Explain to whom that type of unemployment might apply. What sorts of events can knock an economy, Which of the following is a statement of positive economics? C) Firms usually tend to cut wages, Which one of the following statements is correct? [5] none of the above statements . Based on the graph above, if market price is $19 per unit, what is happening at that market price? The minimum wage is supported by unions. b. 4. Total unemployment is 5%. b. the leading economic indicators are unchanged for two consecutive quarters. All of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment. Which of the following statements is false? a. Frictional unemployment implies a lack of available jobs. struct. II) Employers may respond by buying more machine, Which of the following is not a wage or employment strategy that a union would follow? Select all that apply. The following table shows data on frictional, cyclical, and total unemployment for an economy. c. the structural unemployment rate. Explain. They are financed with tax, Which of the following is NOT true about economics? B) there is no cyclical unemployment. Which of the following statements is true regarding the 5-M model? The minimum wage creates unemployment among young and unskilled workers. C. The unemployment rate is equal to the cyclical rate of unemployment. They have given up on looking for a job. Define unemployment and explain whether the unemployment number is an accurate level of true unemployment. The resulting rise in unemployment is mostly a rise in _ unemployment. As a recession begins, firms quickly make layoffs. Unemployment closely tied to the business cycle, e.g. c) unemployment caused by economic downturns. Someone who quits a part-time job to attend school full-time. Choose all that apply. Which of the following is not included in the natural rate of unemployment? E. will equal the natural rate of unemployment. a. c. Unemployment exceeds the nat. e. All of the above. Frictional unemployment is 2.3% and the economy is at full employment. Unemployment or joblessness is a situation wherein the able-bodied persons capable of working and earning are looking for a job and are not able to find a job. The ABN indicates that the service is unlikely to be reimbursed by John Clark purchased a paintball gun at a pawn shop and then participated in a community sport of shooting paintball guns at cars. A. Firms wish to hire fewer workers, which leads to full em, Which of the following is the correct option: The Classical economists argued that (a) a market economy will not experience unemployment. Involuntary c. Seasonal d. Voluntary. When the economy is experiencing a contraction, there is an increase in: a. frictional unemployment. a. Higher unemployment usually means that prices will rise. A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, As the economy falls from the peak to the trough of the business cycle: a. inflationary pressures should increase as unemployment rises. The doctrine helps raise labor hiring and firing costs, leading to higher unemployment rates. iii. Which of the following statements about unemployment is true? b The marketing funnel considers the seller's journey. C. The unemployment rate is equal to the cyclical rate of unemployment. Mark all that apply. a. Students and those who are retired aren't looking for a job Our experts can answer your tough homework and study questions. a. (A) They are full-time workers who would like to work only part-time. The people who are counted as unemployed but have to relocate to get there next job. Determine which statement below regarding economic indicators is FALSE. Which of the following statements about community property law is true? B. d. unemployed. D) there is no frictional or structural unemplo, Suppose the economy is experiencing frictional unemployment of 1%, structural unemployment of 3%, and cyclical unemployment of 4%. * They are full-time workers who would like to work part-time *They are counted as part of the labor for, 91. a) In general, nations with higher labor market rigidity have greater inflation. How does cyclical unemployment relate to a nation's production possibilities curve and how does cyclical unemployment behave across the business cycle? A teenage worker is more likely to be unemployed than an older worker. Then we would know that NAIRU is what, and the actual unemployment rate is what? Which of the following statements is incorrect? All other trademarks and copyrights are the property of their respective owners. "Full employment" is said to exist when the unemployment rate equals a. zero. Which of the following statements about seasonal unemployment is TRUE? B. D. Someone who has, Which of the following people would be considered unemployed? It is reflected in the GDP gap. D. None. iv. During a recession, one will often observe: a. aggregate output rising. 5 Which of the following statements are true regarding unemployment? A. (a) frictional unemployment (b) cyclical unemployment (c) natural unemployment (d) structural unemployment. b. d) Labor force: the number of employed plus the unemployed. c) It tends to occur when an economy experiences inflation. Which of the following statements about full employment is correct? All unemployment is cyclical c. The unemployment rate is less than the natural unemployment rate d. There is no frictional unemployment. Which one of the four statements below is not like the others? They represent the difference between tax revenue and government expenditures. The short-run aggregate supply curve is horizontal to indicat, Which of the following equations shows what 'actual employment' is equal to? d) All of the above. A factory worker displaced from his factory job because of greater mechanization in the workplace. B. A. c. Unemployment exceeds the nat, Cyclical unemployment refers to A. changes in unemployment due to changes in the natural rate of unemployment. The typical employment insurance compensation is roughly one-third of one's latest salary for up to 26 weeks. b) In general, nations with higher labor market rigidity have higher rates of long term unemployment. c. 9.6%. The unemployment rate is equal to the natural rate of unemployment. The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. b. 1. B. If the unemployment rate is 10 percent and 72 million people are working, how many people are unemployed? (Check all that apply.) If a firm can sell 3,000 units of Product A at $10.00 per unit and 5,000 units at $8.00 per unit, then the price elasticity of demand is equal to: a. An unemployment rate of greater than 8 percent is good because prices will fall. A. 1. a. It is reflected in the GDP gap. c) Cyclical unemployment. Createyouraccount. The unemployment rate has fallen by 1% b. Structural unemployment refers to jobs becoming outdated due no longer needing a specific skillset. b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following statements is false? The seasonal unemployment rate c. The official unemployment rate reported by the Bureau of Labor Statistics d. The cyclical unemployment rate, In 2016, there were approximately 159.2 million people in the labor force and the unemployment rate was 4.9 percent. c) The U.S. labor market i; Which of the following statements is true of NAFTA? b. (b) without a job, currently available for work, and act, Which of the following are true of an economy operating with a negative GDP gap? B. rate of frictionally unemployed plus the rate of structurally unemployed workers. Real output exceeds the natural level of real output. b. c. The natural rate of unemployment, Identify the false statement(s). The actual unemployment rate can never be above the natural rate. Added 1/30/2021 4:49:13 PM. b. Which of the following statements is true? It can be eliminated only in a free society. B) Natural unemployment - Cyclical unemployment. Which of the following statements is true? It is possible to eliminate natural unemployment. b. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. II. B. To be counted as unemployed, a person must be (a) without a job and part of the civilian population. b. why it may be in the best interest of firms to offer wages that are above the equilibrium level. D. will equal frictional unemployment. b) considered underemployed. a. b) Unemployed: out of work looking for a job. To be officially unemployed, a person has to be in the labor force. 4% c. 5% d. 7%, The economy is considered to be at full employment when: a. the actual rate of unemployment is less than the natural rate. d. 16%. (b) South Africa has a serious unemplo. ii) Hannah, who quit her job to find one that better su. c. A retired school teaching collecting social security benefits. The people who are employed but not in the job they want to be in. Which of the following is true? Which of the following statements is supported by the passage AAs productivity rises, a greater amount of labor per dollar of national product can be expected. People who lost their jobs during the recession experienced cyclical unemployment. c. Actual real GDP is, Which of the following statements about unemployment is true? A. Full employment means that the unemployment rate is less than 1/2 of 1 percent. b) In recent years, the average unemployment, Determine whether the following statement relates to microeconomics or macroeconomics: "The unemployment rate has declined to 3.7% in the United States. Labor market outcomes are influenced by the interaction of supply and demand. C. Labor market outcomes are not affected by s, Which of the following people would be officially counted as unemployed? a. frictional unemployment b. Unemployment closely tied to the business cycle, e.g. Explain whether you agree or disagree with the statement. C. rate of cyclically unemployed. (a) Slow growth. Mark the false statement(s). During healthy economic periods, cyclical unemployment A. rises. Select the statement below that is an example of monetary policy only. I) Unemployment rates for low-skill workers are likely to decrease. c) A person who is working part-time but would like to be working full-time is considered to be unemployed. b. People who lost their jobs during the recession experienced cyclical unemployment. a. Workers kept out of unionized jobs to move to other industries, increasing the labor. D. It is also called structural unemployment. Full employment is natural unemployment minus 100%. Is the correlation between unemployment and inflation true in the current economy? a. Real wage is cyclical. (a) Decreases unemployment (b) Increases unemployment, The natural rate of unemployment does not include which of the following? b. People who lost their jobs during the recession experienced cyclical unemployment. a) The unemployment rate is too high. The term "unemployment rate" in economics refers to: It is significant because: The unemployment rate in the U.S. right now is: How has the unemployment rate changed over the last decade? B. Which of the following unemployment rates can be negative? C. A part-time worker. c. the frictional unemployment rate. Which of the following statements is correct regarding involuntary unemployment? A. Which of the following statements are true regarding unemployment? Choose all that apply. A. Which of the following groups is not counted as unemployed in the official unemployment statistics? Discover three exceptions to employment-at-will and participating states. b. A. Hint: (Use Okun's law to calculate GDP loss) a) How much money should the government spend to eliminate this GDP loss? When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. The federal government may lend money to states which come up short in providing these benefits One does not need to be actively looking for work to receive benefits If they are above the equilibrium, they are non-binding. a. It is possible to eliminate natural unemployment. In the official unemployment statistics, retired persons are officially classified as A) unemployed. c. When an economy is at full employment, actual unemployment will be less than the natural rate of un. The number of people unemployed divided by the number of people employed. c. The minimum wage reduces the number of jobs for less skilled workers. a. Which of the following characteristics relate to cyclical unemployment? b) They have not looked for a job in 6 weeks, but they w, Which of the following is true? c. There is no involuntary unemployment. (B) They are counted as, Which of the following statements is true? The actual unemployment rate is equal to the natural rate of unemployment. The minimum wage is supported by unions. b) It occurs only during a recession. An increase in the minimum wage enhances the well-being of all unskilled workers. d. cyclical unemployment. b. b. The unemployment rate is equal to 0%. The few people who are unemployed stop looking for jobs. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. Higher union wage rates allow companies to attract more highly skilled workers. c) Out of labor force: Out of paid work and looking for a job. marketing. Select one: Which of the following is true of seasonal unemployment? c) Cyclical and structural unemployment. Which of the following statements is true? Which of the following statements is correct regarding involuntary unemployment? C) frictional, seasonal, and structural unemployment. During the recession the business began importing most of the products they sell, b. Government policies to help promote a stagnant economy c. Providing tax, Determine whether the following statement is positive or normative: "The current unemployment rate would be lower if we did not pay unemployment benefits. b. b. Which of the following is a statement of normative economics? A. C. A person who is working part-time but would like to be work, Which of the following statements is true? A. c. The natural rate of unemployment, Define each of the following: (a) Employed (b) Unemployed, Which of the statements would be considered as unemployed and therefore part of normal labor market turnover? If unemployment insurance was so generous that it paid unemployed workers 90% of their regular salary: A. the official unemployment rate would probably understate true unemployment. a. d) Underemployed worked being counted a unemployed. d) Full employment. Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. A recession not always lead to an increase of unemployment rate, indeed this rate may drop during such economic distress. A discouraged worker is counted as an unemployed worker. II. c) Keynesian aggregate supply curve must be horizontal. Unemployment insurance increases the amount of frictional unemployment. Derived demand for labor depends on the demand for the product labor produces. Employment insurance compensation encourages longer job searches, which may lead to a better match between jobs and employees., b. During the recession the business began importing most of the products they sell, b. Which of the following is NOT a consequence of imposing a legal minimum wage? The advantage of doing this might be (over time) an upturn in the value of labor productivity for the employer. Employment exceeds full employment. b. -4%. A) For the U.S., union workers earn about 15% more than non-union workers doing the same work. Which of the following characteristics relate to cyclical unemployment? b. D. t, Which of the following is not consistent with full employment? a. d. It causes the natural rate of unemployment to rise. b) In general, nations with higher labor market rigidity have higher rates of long term unemployment. All other trademarks and copyrights are the property of their respective owners. c. a recessionary gap exists and wages are likely to fall. Which of the following could cause a shift in the demand curve? C. the unemployment rate is equal to the natural rate. b) unemployment caused by changes in the industrial makeup of an economy. A. a. C. Advoc, Which of the following do unions not cause? D. frictional unemployment is zero. The percentage of adults who are in the labor force and thus seeking jobs, but wh, Which of the following statements about frictional unemployment is true? Unions are becoming a greater influence in American labor markets. A) Firms usually tend to lay off workers than cut wages to reduce costs. Workers laid off as a result of a recession suffer A. frictional unemployment. b. there is 0% cyclical unemployment. Which of the following statements about full employment is correct? It is possible to eliminate natural unemployment. 1. A recent high school graduate looking for a first job. Zero, b. B. Wages drop below the level of the minimum wage. A person who stayed home to raise his children and now starts looking for a job. Course Hero is not sponsored or endorsed by any college or university. Which two types of unemployment still exist in a full-employment economy. A recession does not always lead to an increase of the unemployment rate, indeed this rate may drop during such economic distress. A discouraged worker is counted as an unemployed worker. 4. |Official unemployment rate|Total percentage of the labor, Which of the following unemployment rates can be negative? Labor surplus B. a. Cyclical unemployment refers to _____. The unemployment rate in the United States was 8.1 percent in August 2012. b. Which of the following is NOT part of the expenditure approach to calculating GDP? b. Choose the correct answers for the following q. fictional unemployment increases. B. a) To be officially unemployed, a person has to be in the labor force. Which of the following statements regarding Unemployment Insurance is true? a. an individual who is not working and is not looking for work b. an individual who works full-time in a family business, but is not paid c. an individual who works only part-time d. all, Which of the following statements is/are correct? While John and his friend were riding around their small town with their paintball guns, they spotted Chris Rico and shot his car. D. when workers stop looking, Cyclical unemployment is: a) unemployment caused by time delays in matching available jobs and workers. (A) They are full-time workers who would like to work only part-time. a. cyclical b. structural c. frictional d. recession-related, The natural unemployment rate equals the sum of A) cyclical and frictional unemployment. The unemployment rate is equal to 0%. ". When unemployment is increasing, it is a sign of a recession b. a. They are counted as part of the labor force by the Bureau of Labor Statistics. Employment insurance compensation encourages longer job searches, which may lead to a bett, Which of the following statements best describes the "jobless recovery" after the Great Recession. It is the amount of unemployment in the economy, adjusted for the effects of inflation. Market failure such as efficiency wages can give employers the ability to discriminate without hurling pr, 1. People who lost their jobs during the recession experienced cyclical unemployment. Which of the following statements is true? The incidence of the, 1. Employment at will is a legal term in the area of labor law. a) They have given up on looking for a job. An unemployment rate of 7 percent is a serious problem. Job search assistance b. a. It is possible to eliminate natural unemployment. c. Outsourcing resulted in many job losses i, What does the unemployment rate measure? A. An unemployment rate of 7 percent is a serious problem. Full employment means that the transaction costs associated with getting a job are zero. A. Set a wage rate such that all workers that want to find a job can find a job. a. C) Frictional unemploymen. Which graph below shows what will happen to Cecilia's demand for designershoes if she usually buys several pairs each year, but this year she lost her job? What causes the unemployment rate to rise at this time? a. c. Investment in human capital is expected to increase the demand for those, Which of the following is a result of unemployment that is very low? There is only cyclical unemployment in the economy. a. Which of the following statements about the minimum wage are likely to be true? In the long run monetary policy is neutral, it is only inflationary. Discouraged, Which of the following statements is/are correct? A. Unemployed workers as a percentage of the labor force. II) Employers may respond by buying more machine, Which of the following is not consistent with full employment? The incidence of the subsidy on the consumer will decrease. Computer Graphics and Multimedia Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management. A. c. It is decided upon by the federal government. A. inflation B. discouraged workers C. people employed in the underground economy D. unemployed people falsely reporting themselves to be actively looking fo, Which of the following statements is incorrect? Frictional unemployment is due to changes in the economy. This figure includes people who are no longer actively looking for work. Which of the following statements is false? a) raising unemployment benefits. Unions can either increase demand or decrease the supply of labor. A. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. Unemployment describes the condition where: a. equipment and machinery are going unused. B. b. Workplace spirituality has become important in the contemporary workplace because it helps to _____. copyright 2003-2023 Homework.Study.com. b. b) job retraining. A. d) There must be involuntary unemployment in an efficiency wage equilibrium. b) T, Which of the following statements is true about the natural rate of unemployment? c) A person who is working part-time but would like to be working full-time is considered to be unemployed. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. (a) Higher unemployment has social costs, for example it could lead to increased criminal activity. Which of the following is not a cause of unemployment? This is known as __________ and will cause AD to shift to the __________. Congress expanded the authority of the president to wage war by passing the War Powers Act. c. It is always present, even in a healthy economy. a. (b) A person who has been unemployed for too long might lose their skills and become unemployable. The average duration of unemployment is longer in the United States than in Canada. B. The unemployment rate equals the nature unemployment rate b. A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, Which of the following statements correctly describe discouraged workers? Frictional unemployment is due to changes in the economy. c) The government should extend unemployment benefits. c. frictional unemployment. 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A. b. Which of the following statements about seasonal unemployment is TRUE? Which of the following is true when the economy is at full employment? Which of the following are true of an economy operating below full employment? Many women quit their jobs to raise their kids. Unions reduce the demand for labor in certain industries by making workers too productive. Frank qu, Official unemployment statistics are more likely to understate the true unemployment problem when A. people are not working or actively seeking work, but claim to be looking for work when asked by government surveyors. The labor force would decrease and the unemployment rate would decrease. A. D. There is only structural unemployment in the economy. a) To be officially unemployed, a person has to be in the labor force. d. The doctrine helps lower labor hiring and firing costs, leading to higher unemployment rates. (b) A person who has been unemployed for too long might lose their skills and become unemployable. The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. c. The wage rate has no effect on the quantity of labor sup, Which of the following statements concerning the supply of labor is true? South Africa's unemployment problem stems from the demand side only. 3. False 2. Suppose the natural rate of unemployment is 6% and the current rate of unemployment is 10%, the cyclical unemployment rate is a. b. a. C. the portion of unemployme, Which statement is true about unemployment insurance? Become a Study.com member to unlock this answer! a. (a) Higher unemployment has social costs, for example it could lead to increased criminal activity. Which of the following is a reason to learn about macroeconomics. c. Unemployment insurance increases the amount of. c. Unemployment insurance increases the amount of, The unemployment rate does not reflect the true extent of the unemployment problem. a) To be officially unemployed, a person has to be in the labor force. b) economy is considered to be at full employment. b. a person cannot get a job but is willing to work and is actively seeking work. a. c. Companies have difficulties recruiting workers. The unemployment rate is equal to the natural rate of unemployment. B. If demand becomes more elastic, which of the following will happen, as demonstrated by the graph shown here? D. There is, Which of the following statements correctly describe discouraged workers? (c) Unemployment. c. The wage rate has no effect on the quantity of labor, Which statement is true? b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following causes of unemployment is not associated with an excess supply of labor? The only way a recession can occur, Which of the following statements is true about the natural rate of unemployment? C. Set, Which of the following is a statement of positive economics? a. unemployment + employment b. cyclical unemployment - structural unemployment c. structural unemployment + frictional unemployment d. structural unemployment + cyclical unemployment. C. structural unemployment would r. According to the Bureau of Labor Statistics, a person who is not working and is not looking for work is: a) considered unemployed. The causes of unemployment are. Select one: a. d. People losing a job wh, Which of the following statements illustrates structural unemployment? b. There is only cyclical unemployment in the economy. Which of the following policies will not reduce structural unemployment? a) Employed: currently working for pay. b) Unemployment caused by the ordinary difficulties of matching firms with job seekers. d) Labor force: the number of employed plus the unemployed. B. structural and frictional unemployment have been eliminated. d. Consumption is smoother than output. Choose one or more: A. the economy enters a recession B. a new company hires 1,000 college graduates C. unemployment benefits are reduced from 26 weeks to 20 weeks D. advances in techno, Which of the following is not consistent with full employment? Consumer prices are risi, If the United States legislated that all employers could only terminate an employee for "just cause" (and thus eliminating the doctrine of "employment at will") we would expect (over time), all things being held the same, that: a. frictional unemployment, Which of the following represents a positive economic statement? The unemployment produced by fluctuations in economic activity is called _________. A landscape worker who is out of work during the winter. a. higher unemployment during a recession. Unemployment rises C. Unemployment falls D. Higher prices, Which of the following statements are positive, and which are normative? The increase in unemployment associated with a recession is called a. structural unemployment. b. unemployment rates will be increasing while aggregate output is falling. Someone who has lost her job in the last week. The unemployment rate in 2009 was higher than it was in 2006. b. 37,194,541. c. why the m, Which of the following is true? Unemployment caused by the fluctuation of the business cycle is called . unemployment. b) structural and frictional unemployment. a) Employed: currently working for pay. Employment insurance compensation encourages longer job searches, which may lead t, Which statement is true about unemployment insurance? (a) The encouragement of pay restraint to keep costs down by preventing excessive wage increases. A teenage worker is more likely to be unemployed than an older worker. B. The frictional unemployment rate is greater than the natural unemployment rate. a. I) Unemployment rates for low-skill workers are likely to decrease. They canaffect long run RGDP. a. Which of the following is not true when there is an inflationary gap? Cyclical unemployment C. Structural unemployment D. Frictional unemployment, If an economy is at its natural rate of unemployment, a. only those frictionally and structurally unemployed are without a job. Which of the following are true of state and local revenues? Unemployment insurance decreases the amount of frictional unemployment. c. It is always present, even in a healthy economy. Question : 19) Which of the following statements true regarding competitive marketing : 1410337. A contrast is at-will if the employee could be dismissed without any established just cause, as long as the firing is not based on illegal reasons such as gender, race, and religion. Which of the following statements are true regarding the job design process:a. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. b. a. Select one: Consider a hypothetical economy in which the labor force consists of 100 people. As the wage rate rises, the substitution effect increases the opportunity cost of leisure and causes a worker to devote more time to working and less time to leisure. a) "The actual rate of unemployment is below the NAIRU", b) "Actual GDP is higher than potential GDP", c) "The natural rate of unemployment is higher than the actual rate of unemployment", Which of the following statements is false? Unemployment insurance decreases the amount of frictional unemployment. c. frictional unemployment should fall because p. Which of the following is true of seasonal unemployment? c. It is always present, even in a healthy economy. A. structural unemployment B. job losers C. new entrants D. job leavers, Which of the following options is correct? A. Productivity is pro-cyclical. a. Which one of the four statements below is not like the others? Unemployment/Full Employment - Frictional / Structural / Cyclical. I. C. When a minimum-wage law forces the wage to remain, A. Createyouraccount. What is cyclical unemployment? b) Part-time workers being counted as unemployed. 1) Based on the population classifications we discussed relating to the labor force and unemployment, determine whether each of the following statements is true or false. C. Labor market outcomes are not affected by s, Which of the following statements is false? According to the strict definition of unemployment, a person who did not actively seek, Determine whether the following statement is positive or normative: "We should stop paying unemployment insurance so the unemployment rate will be even lower. B. Frictional unemployment is 3%, cyclical unemployment is 2%, and structural unemployment is 4%. c. Companies have difficulties recruiting workers.

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