Which of the following would help reduce the amount of frictional unemployment? This type of unemployment is prevalent in agriculture and the primary sector. It is not considered a legitimate type of employment. c. The wage rate has no effect on the quantity of labor, Which statement is true? (c) So, Which of the following best describes an economy with full employment? c. Companies have difficulties recruiting workers. D. It is the amount of unemployment in the economy, adjusted for the effects of inflation. Which of the following statements are true regarding unemployment? The economy is at full employment when the actual rate of unemployment equals the A. labor force minus the number of discouraged workers. (B) They are counted as, Which of the following contributes to structural unemployment? Which of the following are true of an economy operating below full employment? The economy is in the peak phase of the business cycle. Total unemployment is 5%. c. structural unemployment. 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? (A) They are full-time workers who would like to work only part-time. A. It is negative in recessions and positive in economic booms. c. Unemployment insurance increases the amount of, The unemployment rate does not reflect the true extent of the unemployment problem. What is the difference between a person who is frictionally unemployed and one who is structurally unemployed? iii. c. A monopsony is the only employer of a factor. C. falls toward zero. Which of the following statements is (are) true with respect to the Social Security earnings test? ", Which of the following would lead to a lower unemployment rate? a. The causes of unemployment are heavily debated. A. b. People who lost their jobs during the recession experienced cyclical unemployment . B. Frictional and structural unemployment are also equal to zero. Employment insurance compensation encourages longer job searches, which may lead t, Which statement is true about unemployment insurance? a) They have given up on looking for a job. Demand and supply curves for labor are consistently shifting. 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? d. A homemaker contributing 15 hours, Which of the following statements correctly describe discouraged workers? It is reflected in the GDP gap. d) not a member of the labor force. [5] none of the above statements . Unemployment figures that estimate the number of unemployed are prepared by the U.S. Department of Labor c. The published unemployment numbers fail to reflect the number of discouraged workers and "hidden unemployed" A) 0.4% B) - 0.6% C) - 4.5% D) 4.5% E) 10%. 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 few people who are unemployed stop looking for jobs. The actual unemployment rate can never be at the natural rate. Unemployment that is due to a recession is: a. involuntary unemployment. A. a. Identify the false statement(s). There must be involuntary unemployment in an efficiency wage equilibrium. Which of the following policies would help achieve this goal? Which one of the four statements below is not like the others? They are counted as part of the labor force by the Bureau of Labor Statistics. a. b) Unemployment. Check all that apply. Which of the following is not included in the natural rate of unemployment? a. 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. They are part-time workers willing to work full-time. B. B. a. E) seasonal unemployment. True or False: This economy is currently at its natural rate of unemployment. d. 16%. a. Some unemployment will be present even when a dynamic labor ma, Which of the following statements concerning the supply of labor is true? All rights reserved. 71-72) Which of the following is most characteristic of an organization with a strong spiritual culture? b. Check all that apply. (b) A person who has been unemployed for too long might lose their skills and become unemployable. It addresses decision-making. A person who is not working is officially unemployed. Explain. c) The U.S. labor market i; Which of the following statements is true of NAFTA? 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%. B. c. a person does not have a job, regardless of whether or not they want one. What causes the unemployment rate to rise at this time? Higher unemployment usually means that prices will rise. d) Full employment. The actual unemployment rate can never be above the natural rate. II. b. Dell laid off many employees when the company's profits dropped during the recession. BUnemployment falls when production expands faster than labor force. a. Discouraged workers. Which of the following are true of state and local revenues? Sophia Macroeconomics Milestone 1(1).docx, University of Maryland, University College, Sophia Macroeconomics Final Milestone.docx, Sophia - Macroeconomics - Milestone 1.pdf, Sophia LEarning MacroEconomics Milestone 1.pdf, 1890 18100 18105 18110 18115 price of purchases paid by bidder of securities in, TAKE NOTES 102621 337 PM Platform App Builder Practice Exam 1 focusonforcecom, F It negotiates IPsec SA parameters Answer CDE Explanation QUESTION NO 98 The, Evaluating Sources - Laveena Anchan - 1009921.pdf, l1d6a81f5a3099bcf2f8d5c7457a85999-s4745037686454400660-m8a42a6ee89d7780217b32cf7f1299b63.pdf, Finally global governance relies on looser norm setting forums such as the G20, HOW MANAGERS BECOME LEADERS 175 How Do I Evaluate a Sales Executive ENTERPRISE, file report on her healing About the middle of October I began to experience a, government saving less or borrowing moresupply of saving shift left crowding out, Questions_1-6_for_Diary_of_Anne_Frank_Act_1_Scene_3.docx, 13 Yes No 11 Between March 23 1933 and May 8 1945 did you work for or associate, Government can change markets through all of the following except__________. The incidence of the, 1. Full employment is natural unemployment minus 100%. (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? C. A part-time worker. To be officially unemployed, a person has to be in the labor force. a. B. b. Which of the following is NOT a consequence of imposing a legal minimum wage? 2020 - 2024 www.quesba.com | All rights reserved. c. The doctrine helps lower labor hiring and firing costs, leading to lower unemployment rates. A. A general downturn in the economy. 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. The actual unemployment rate is equal to the natural rate of unemployment. The price is too high, sosuppliers want to produce less than consumers want. d. the unemployment rate will be zero. Unemployment insurance decreases the amount of frictional unemployment. c. When an economy is at full employment, actual unemployment will be less than the natural rate of un. Is the correlation between unemployment and inflation true in the current economy? Which of the following statements is true regarding international unemployment? Which of the following statements about the employment-at-will doctrine is TRUE? a. c. It is always present, even in a healthy economy. Unions can either increase demand or decrease the supply of labor. During a recession, one will often observe: a. aggregate output rising. The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security. a. Cyclical unemployment is 5% or less. b) structural and frictional unemployment. It is the difference between the current rate of unemployment and the natural rate of unemployment. a) raising unemployment benefits. A. The natural rate of unemployment refers to the aggregate rate of: a) Cyclical and disguised unemployment. I. 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. Frictional unemployment is due to changes in the economy. An unemployment rate of greater than 8 percent is good because prices will fall. B. Frictional unemployment results from the process of matching workers and jobs. Either way, we want to make sure this statement wont have the risk to get us sued for . B. C. There is no less than 100% of the workforce employed. 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 Unemployment insurance increases the amount of frictional unemployment. d. frictional plu, 1. d. Which of the following is not correct? Who do you call unemployed? c) The U.S. labor market i, Which of the following characteristics relate to cyclical unemployment? Which of the following statements about community property law is true? Which of the following unemployment rates can be negative? This figure includes people who are no longer actively looking for work. B. Course Hero is not sponsored or endorsed by any college or university. (A) They are full-time workers who would like to work only part-time. Full employment is natural unemployment minus 100%. c) work tests. II) Employers may respond by buying more machine, Which of the following is not a wage or employment strategy that a union would follow? Choose the correct answers for the following q. Check all that apply. A. I. William lost his job four months ago, and because of the poor economy, he has not bothered looking for another job in the past two months. Which of the following statements are true regarding unemployment? c) Cyclical unemployment. Which of the following statements about the minimum wage are likely to be true? C. It is decided upon by the federal government. C. A part-time worker. c. a. c) A person who is working part-time but would like to be workin. A) Firms usually tend to lay off workers than cut wages to reduce costs. A person who quits work to care for aging parents. Which of the following is true when the economy is at full employment? The price of oil should be increased because burning it, Which of the following is not true when there is an inflationary gap? Zero, b. Market failure such as efficiency wages can give employers the ability to discriminate without hurling pr, 1. Which of the following statements about full employment is correct? Which of the following statements about the employment-at-will doctrine is TRUE? Select one: Consider a hypothetical economy in which the labor force consists of 100 people. Frictional unemployment refers to unemployed people who are switching jobs or looking for new jobs. A teenage worker is more likely to be unemployed than an older worker. (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. Which of the following statements is correct regarding involuntary unemployment? 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? c. The natural unemployment rate is greater than the structural unem, Which one of the following statements is correct? b. Set a wage rate such that all workers that want to find a job can find a job. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. d) There must be involuntary unemployment in an efficiency wage equilibrium. D. There is, The government sets an effective minimum wage for workers. Structural unemployment refers to jobs becoming outdated due no longer needing a specific skillset. 37,194,541. A. Frictional unemployment is higher, on average, in the United States than in Canada. a. A discouraged worker is counted as an unemployed worker. 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 best describes discouraged workers? In the official unemployment statistics, retired persons are officially classified as A) unemployed. 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? b. Added 1/30/2021 4:49:13 PM. "The natural rate of unemployment is equal to frictional unemployment plus structural unemployment". Full employment is natural unemployment minus 100%. The natural unemployment rate b. The increase in unemployment associated with a recession is called a. structural unemployment. (B) They are counted as, Which of the following statements is true? The natural rate of unemployment does not include which of the following? b. B. Employment at will is a legal term in the area of labor law. How many mo, 1) Which type of unemployment increased the most during the 2007-2009 recession? a) To be officially unemployed, a person has to be in the labor force. d. It causes the natural rate of unemployment to rise. B. seasonal unemployment. a. The natural unemployment rate is the unemployment rate that exists when there is no A) structural unemployment. The unemployment rate has fallen by 1% b. c) Keynesian aggregate supply curve must be horizontal. People who lost their jobs during the recession experienced cyclical unemployment . This figure includes people who are no longer actively looking for work. a. A. Someone who has lost her job in the last week. A. D. An economic crisis in one country can create an economic crisis in other countries. Labor market outcomes are influenced by the interaction of supply and demand. c. The minimum wage reduces the number of jobs for less skilled workers. It is difficult to predict because it involves all kinds of workers. a. B. B. Which of the following statements about unemployment is true? B. (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. a. Frictional unemployment is due to changes in the economy. b. B. c. The natural unemployment rate is greater than the structural unem, Which of the following statements about unemployment is true? a. b) job retraining. D. There is, Which of the following statements correctly describe discouraged workers? D. There is only structural unemployment in the economy. b. d. cyclical unemployment. The economy is in the peak phase of the business cycle. Interviewing a wide variety of candidates to ensure a diverse workforce b. b) Calculate the tax cut needed to eliminate this GDP loss. b. c. frictional unemployment will be zero. Which of the following statements is true regarding the natural unemployment rate? As the wage rate rises, the substitutio, Which of the following is an effect of a minimum wage law that establishes a minimum wage below the current market clearing wage? See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. Efficiency wages C. Frictional D. Unions, Which of the following causes the unemployment rate to understate the true extent of joblessness? c) A person who is working part-time but would like to be working full-time is considered to be unemployed. C. cyclical unemployment is zero. C) cyclical unemployment. ii) Hannah, who quit her job to find one that better su. (a) Slow growth. b) A person who is not working is officially unemployed. Correct option D. There is only structural unemployment in the economy. a. A. Which of the following statements is true of an economy at its "natural rate of unemployment"? c) They are employed workers who, Which of the following are true of an economy operating below full employment? a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. 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. Choose all that apply. C. unemployment caused by economic downturns. D. frictional unemployment is zero. b. Frictional unemployment is due to changes in the economy. b. Unemployment rises C. Unemployment falls D. Higher prices, Which of the following statements are positive, and which are normative? c. It is decided upon by the federal government. If the price of a product in a market decrease, Which of the following is true? b. a. Higher union wage rates allow companies to attract more highly skilled workers. d) when workers stop looking fo. Suppose the government wants to reduce this type of unemployment. How does cyclical unemployment relate to a nation's production possibilities curve and how does cyclical unemployment behave across the business cycle? marketing. B. a. 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. B. 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". C) not in the labor force. a) Employed: currently working for pay. C. Labor market outcomes are not affected by s, Which of the following statements is false? Select all that apply. During healthy economic periods, cyclical unemployment A. rises. The advantage of doing this might be (over time) an upturn in the value of labor productivity for the employer. Which one of the four statements below is not like the others? Discouraged, Which of the following statements is/are correct? c. Unemployment exceeds the nat, Cyclical unemployment refers to A. changes in unemployment due to changes in the natural rate of unemployment. c. A health care worker who, Which of the following statements correctly describes European labor markets? Full employment is natural unemployment minus 100%. A decrease in the market clearing wage c. Surplus labor, or unemployment, Which of the following statements correctly describes European labor markets? See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. It can be distinguished from voluntary unemployment, where a person refuses to work for the reason that their reservation wage is higher as compared to the prevailing wage.
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