Question 1

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

Question 2

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.

Question 3

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

Accepted Answer

Frictional unemployment is the unemploym...

Question 4

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

Question 5

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.

Question 6

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.

Question 7

At full employment,there is no

Accepted Answer

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

Question 8

-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.

Question 9

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

Question 10

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.

Question 11

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.

Question 12

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.

Question 13

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 14

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 ...

Question 15

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.

Question 16

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.

Question 17

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

Question 18

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.

Question 19

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.

Question 20

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

Exam 15: Jobs and Unemployment

Which of the following correctly describes "frictional unemployment"?

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedThe number of unemployed peopl...View AnswerShow Answer

Frictional unemployment is the result of

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is true?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

-Using the table above,the unemployment rate is

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

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedFrictional unemployment is the unemploym...View AnswerShow 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,and 3 as

Correct AnswerverifiedShow Answer

At full employment,there is no

Correct AnswerverifiedShow Answer

The unemployment rate measures the percentage of

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedThe definition of the unemployment rate ...View AnswerShow Answer

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The number of unemployed peopl...
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If the working age population and the labor force does not change,the .

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

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The definition of the unemployment rate ...
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