Question 1

Discouraged workers are included in the calculation of the
I.unemployment rate.
Ii.labor force participation rate.
Iii.working-age population.

Accepted Answer

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

Question 2

In 1994,the Bureau of Labor Statistics started to report

Accepted Answer

A)  the unemployment rate weekly to provide a better picture of the labor market.
B)  alternative measures of the unemployment rate that include narrower measures of the labor market.
C)  alternative measures of the unemployment rate that include broader measures of the labor market.
D)  the unemployment rate by surveying 200,000 households.
E)  B and C are correct answers.

Question 3

Which of the following describe the United States' unemployment rate over the last 80 years?
I.The unemployment rate has decreased each year since the Great Depression.
Ii.The unemployment rate has averaged about 5.7 percent since 1929.
Iii.Job creation due to defense spending and consumer spending in the 1960s drove the unemployment rate to one of its lowest level.

Accepted Answer

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

Question 4

Since 2008,the U.S.labor force participation rate for men has ________ and for women has ________.

Accepted Answer

A)  gone up;gone up
B)  gone down;gone up
C)  been flat;gone down
D)  been flat;been flat
E)  gone down;gone down

Question 5

Tommy graduates from college and starts to look for a job.Tommy is

Accepted Answer

A)  frictionally unemployed.
B)  structurally unemployed.
C)  cyclically unemployed.
D)  unnecessarily unemployed.
E)  employed because he is looking for work.

Question 6

Structural 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)  irresponsible workers with poor work habits.
E)  changing weather patterns through the year.

Question 7

If real GDP exceeds potential GDP,then the unemployment rate ________ the natural unemployment rate.

Accepted Answer

A)  equals
B)  is greater than
C)  is less than
D)  The premise of the question is incorrect because the relationship between real GDP and potential GDP has nothing to do with the relationship between the unemployment rate and the natural unemployment rate.
E)  The premise of the question is incorrect because real GDP can never exceed potential GDP.

Question 8

Countries with higher than average unemployment rates have ________ compared to the United States.

Accepted Answer

A)  less regulated labor markets
B)  lower levels of technology
C)  higher levels of technology
D)  more generous unemployment benefits and more regulated labor markets
E)  a higher labor force participation rate

Question 9

The labor force is the

Accepted Answer

A)  number of employed people plus the number of unemployed people.
B)  total population divided by the number of employed people.
C)  number of employed people in the working-age population.
D)  working-age population minus the number of unemployed people.
E)  number of employed people minus the number of unemployed people.

Question 10

Explain how the labor force participation rate,the unemployment rate,and the percentage of the labor force employed part time change in a recession.

Accepted Answer

The labor force participation rate tends...

Question 11

Harry works at the video rental store for 20 hours per week.He's asked his boss to allow him to work 40 hours per week,but has been told that business is too slow.Harry is considered

Accepted Answer

A)  a discouraged worker.
B)  an involuntary part-time worker.
C)  a marginally attached worker.
D)  not in the labor force.
E)  a job seeker.

Question 12

According to the scenario above,in which of the following groups are all the people structurally unemployed?

Accepted Answer

A)  Thorton
B)  Jung
C)  Thorton and Darrelo
D)  Darrelo and Thorton
E)  Rita,Armondo,and Chris

Question 13

Cyclical unemployment is

Accepted Answer

A)  the total of structural and frictional unemployment.
B)  always greater than the total of structural and frictional unemployment.
C)  created by a recession.
D)  higher when the economy is expanding.
E)  part of frictional unemployment.

Question 14

Structural unemployment includes people who become unemployed from

Accepted Answer

A)  changes in the seasons.
B)  normal changes in the labor force.
C)  technological changes.
D)  changes in the business cycle.
E)  going back to school.

Question 15

Consider the following scenario.Initially the economy has 90 million people working,10 million people unemployed,and 20 million people not in the labor force.Then prospects for the economy improve.Five million people who previously were not in the labor force now join the 10 million previously unemployed in looking for work.For now,the economy remains with 90 million workers.What happens to the unemployment rate?

Accepted Answer

The unemployment rate rises fr...

Question 16

-The table above gives the number of people employed and the number of people unemployed in Canada,Japan,and the United States on the average during 1999.In 1999,the unemployment rate in ________ was the highest and the unemployment rate in ________ was the lowest.

Accepted Answer

A)  the United States;Japan
B)  Canada;the United States
C)  Japan;Canada
D)  Canada;Japan
E)  Japan;the United States

Question 17

Using the table above,the Current Population Survey classifies the group of individuals who are left after subtracting from the total population groups 1,2,3,4,5,and 6 as

Accepted Answer

A)  not in the labor force.
B)  the labor force.
C)  employed.
D)  unemployed.
E)  discouraged workers.

Question 18

Which of the following would be considered a marginally attached worker?
I.Amy,who is working 20 hours per week at her father's business
Ii.Carl,who isn't working and has not looked for work in 3 months because he has been turned down for work when he last looked
Iii.Keke,who quit her job to take care of her daughter

Accepted Answer

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

Question 19

When cyclical unemployment is zero,

Accepted Answer

A)  frictional unemployment is zero.
B)  cyclical and frictional unemployment are zero.
C)  structural unemployment is zero.
D)  the unemployment rate equals the natural unemployment rate.
E)  the natural unemployment rate is zero.

Question 20

Part-time workers for noneconomic reasons are people who

Accepted Answer

A)  work less than 35 hours a week but would like to work more than 35 hours a week.
B)  work more than 35 hours a week but would like to work less than 35 hours a week.
C)  have lost their jobs within the last four weeks and are seeking another job.
D)  do not want to work full time.
E)  are discouraged workers.

Exam 15: Jobs and Unemployment

Structural unemployment includes people who become unemployed from

Correct Answer
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In 1994,the Bureau of Labor Statistics started to report

Correct Answer
verified

Countries with higher than average unemployment rates have ________ compared to the United States.

Correct Answer
verified

Correct Answer
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Part-time workers for noneconomic reasons are people who

Correct Answer
verified

Harry works at the video rental store for 20 hours per week.He's asked his boss to allow him to work 40 hours per week,but has been told that business is too slow.Harry is considered

Correct Answer
verified

Tommy graduates from college and starts to look for a job.Tommy is

Correct Answer
verified

According to the scenario above,in which of the following groups are all the people structurally unemployed?

Correct Answer
verified

The labor force is the

Correct Answer
verified

Discouraged workers are included in the calculation of the I.unemployment rate. Ii.labor force participation rate. Iii.working-age population.

Correct Answer
verified

Correct Answer
verified
The unemployment rate rises fr...
View Answer

Structural unemployment is the result of

Correct Answer
verified

Cyclical unemployment is

Correct Answer
verified

Using the table above,the Current Population Survey classifies the group of individuals who are left after subtracting from the total population groups 1,2,3,4,5,and 6 as

Correct Answer
verified

Explain how the labor force participation rate,the unemployment rate,and the percentage of the labor force employed part time change in a recession.

Correct Answer
verified
The labor force participation rate tends...
View Answer

Since 2008,the U.S.labor force participation rate for men has and for women has .

Correct Answer
verified

If real GDP exceeds potential GDP,then the unemployment rate ________ the natural unemployment rate.

Correct Answer
verified

When cyclical unemployment is zero,

Correct Answer
verified

Correct Answer
verified

-The table above gives the number of people employed and the number of people unemployed in Canada,Japan,and the United States on the average during 1999.In 1999,the unemployment rate in was the highest and the unemployment rate in was the lowest.

Correct Answer
verified

Exam 15: Jobs and Unemployment

Structural unemployment includes people who become unemployed from

Correct AnswerverifiedShow Answer

In 1994,the Bureau of Labor Statistics started to report

Correct AnswerverifiedShow Answer

Countries with higher than average unemployment rates have ________ compared to the United States.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Part-time workers for noneconomic reasons are people who

Correct AnswerverifiedShow Answer

Harry works at the video rental store for 20 hours per week.He's asked his boss to allow him to work 40 hours per week,but has been told that business is too slow.Harry is considered

Correct AnswerverifiedShow Answer

Tommy graduates from college and starts to look for a job.Tommy is

Correct AnswerverifiedShow Answer

According to the scenario above,in which of the following groups are all the people structurally unemployed?

Correct AnswerverifiedShow Answer

The labor force is the

Correct AnswerverifiedShow Answer

Discouraged workers are included in the calculation of the I.unemployment rate. Ii.labor force participation rate. Iii.working-age population.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedThe unemployment rate rises fr...View AnswerShow Answer

Structural unemployment is the result of

Correct AnswerverifiedShow Answer

Cyclical unemployment is

Correct AnswerverifiedShow Answer

Using the table above,the Current Population Survey classifies the group of individuals who are left after subtracting from the total population groups 1,2,3,4,5,and 6 as

Correct AnswerverifiedShow Answer

Explain how the labor force participation rate,the unemployment rate,and the percentage of the labor force employed part time change in a recession.

Correct AnswerverifiedThe labor force participation rate tends...View AnswerShow Answer

Since 2008,the U.S.labor force participation rate for men has ________ and for women has ________.

Correct AnswerverifiedShow Answer

If real GDP exceeds potential GDP,then the unemployment rate ________ the natural unemployment rate.

Correct AnswerverifiedShow Answer

When cyclical unemployment is zero,

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

-The table above gives the number of people employed and the number of people unemployed in Canada,Japan,and the United States on the average during 1999.In 1999,the unemployment rate in ________ was the highest and the unemployment rate in ________ was the lowest.

Correct AnswerverifiedShow Answer

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The unemployment rate rises fr...
View Answer

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The labor force participation rate tends...
View Answer

Since 2008,the U.S.labor force participation rate for men has and for women has .

Correct Answer
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Correct Answer
verified

-The table above gives the number of people employed and the number of people unemployed in Canada,Japan,and the United States on the average during 1999.In 1999,the unemployment rate in was the highest and the unemployment rate in was the lowest.

Correct Answer
verified