Question 1

In a healthy economy,the unemployment rate is

Accepted Answer

A)   equal to zero.
B)   increasing.
C)   decreasing.
D)   greater than zero.
E)   less than zero.

Question 2

When it is difficult to hire employees,firms take ________ to hire,which increases ________ unemployment.

Accepted Answer

A)   less time; frictional
B)   less time; structural
C)   longer; frictional
D)   longer; cyclical
E)   longer; structural

Question 3

Discouraged workers are defined as individuals who are

Accepted Answer

A)   not working but are willing to work and who have looked for a job in the past 12 months but have not sought employment in the past four weeks.
B)   not working and have looked for a job in the past four weeks.
C)   working part-time but would rather be working full-time.
D)   working full-time for wages lower than they want to work for.
E)   not working because of a disability or child care issues.

Question 4

Structural,frictional,and cyclical are all types of

Accepted Answer

A)   jobs.
B)   price levels.
C)   firm structures.
D)   unemployment.
E)   economic models.

Question 5

Which of the following statements about unemployment is true?

Accepted Answer

A)   To be officially unemployed,a person has to be in the labor force.
B)   A person who is not working is officially unemployed.
C)   A person who is working part-time but would like to be working full-time is considered to be unemployed.
D)   A person who is retired and not looking for a job is still considered unemployed.
E)   A person who is a full-time student and not seeking employment is still considered unemployed.

Question 6

The Great Recession lasted most of which decade?

Accepted Answer

A)   the 1920s
B)   the 1930s
C)   the 1940s
D)   the 2000s
E)   the 2010s

Question 7

Use the following table to answer the following questions:
 
-According to the table,the labor force participation rate in this economy is equal to

Accepted Answer

A)   4.9 percent.
B)   92.2 percent.
C)   63.4 percent.
D)   7.8 percent.
E)   8.5 percent.

Question 8

What happened to the labor force participation rate for females between 1948 and 2015? What are some reasons for this trend?

Accepted Answer

Between 1948 and 2015,the labor force pa...

Question 9

Use the following table to answer the following questions:
 
-According to the table,the number of employed in this economy is equal to

Accepted Answer

A)   95 million.
B)   161 million.
C)   84 million.
D)   18 million.
E)   179 million.

Question 10

Professor Zebrowski's business class has 25 students.Six students in the class have part-time jobs and go to school full-time.Two students in the class have full-time jobs and go to school part-time.Three students in the class are looking for part-time jobs.How many students in the class count as part of the labor force?

Accepted Answer

A)   8
B)   9
C)   11
D)   14
E)   25

Question 11

Explain why some countries experience higher rates of unemployment during normal economic times than others do.

Accepted Answer

Unemployment that exists during normal t...

Question 12

What happened to the labor force participation rate for males between the years 1948 and 2015? What are some reasons for this trend?

Accepted Answer

Between 1948 and 2015 the labor force pa...

Question 13

Nina has a part-time job as she finishes her degree in fashion design.After obtaining her degree she decides to quit her part-time job to search for a job that better fits her now-improved skill set.Nina has a few interviews,but it is taking time to find the job that suits her best.Nina would be considered

Accepted Answer

A)   structurally unemployed.
B)   cyclically unemployed.
C)   frictionally unemployed.
D)   overemployed.
E)   a discouraged worker.

Question 14

Government policies such as unemployment compensation and government regulations related to hiring and firing employees result in ________ unemployment.

Accepted Answer

A)   lower frictional
B)   lower structural
C)   higher frictional
D)   lower cyclical
E)   higher structural

Question 15

Use the following table to answer the following questions:
 
-According to the table,the number of people NOT in the labor force is equal to

Accepted Answer

A)   138 million.
B)   215 million.
C)   77 million.
D)   147 million.
E)   68 million.

Question 16

If the labor force participation rate increases,the

Accepted Answer

A)   labor force must have decreased.
B)   labor force must have increased.
C)   number of employed must have increased.
D)   number of employed must have decreased.
E)   number of unemployed could have increased.

Question 17

Zero unemployment is

Accepted Answer

A)   only possible in recessions.
B)   not possible.
C)   only possible in expansions.
D)   the goal of macroeconomic policymakers.
E)   ideal for economic growth.

Question 18

Natural unemployment is the

Accepted Answer

A)   average of frictional,structural,and cyclical unemployment.
B)   sum of frictional,structural,and cyclical unemployment.
C)   sum of frictional and cyclical unemployment.
D)   sum of structural and cyclical unemployment.
E)   sum of structural and frictional unemployment.

Question 19

During a recession,a number of workers have their hours reduced by their employers.All else the same,the unemployment rate will ________ and the labor force participation rate will ________.

Accepted Answer

A)   decrease; increase
B)   increase; not change
C)   increase; increase
D)   not change; not change
E)   decrease; not change

Question 20

Dr.Hardstark's economics class has 50 students.Ten students in the class have part-time jobs.Three students in the class would like to have part-time jobs,and one of the three is looking for a part-time job.What is the unemployment rate in the class?

Accepted Answer

A)   6 percent
B)   2 percent
C)   10 percent
D)   9.1 percent
E)   23 percent

Exam 20: Unemployment

Use the following table to answer the following questions: -According to the table,the number of people NOT in the labor force is equal to

Correct Answer
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Use the following table to answer the following questions: -According to the table,the labor force participation rate in this economy is equal to

Correct Answer
verified

Correct Answer
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Discouraged workers are defined as individuals who are

Correct Answer
verified

During a recession,a number of workers have their hours reduced by their employers.All else the same,the unemployment rate will and the labor force participation rate will .

Correct Answer
verified

When it is difficult to hire employees,firms take to hire,which increases unemployment.

Correct Answer
verified

Explain why some countries experience higher rates of unemployment during normal economic times than others do.

Correct Answer
verified
Unemployment that exists during normal t...
View Answer

Use the following table to answer the following questions: -According to the table,the number of employed in this economy is equal to

Correct Answer
verified

What happened to the labor force participation rate for females between 1948 and 2015? What are some reasons for this trend?

Correct Answer
verified
Between 1948 and 2015,the labor force pa...
View Answer

Correct Answer
verified

If the labor force participation rate increases,the

Correct Answer
verified

Structural,frictional,and cyclical are all types of

Correct Answer
verified

In a healthy economy,the unemployment rate is

Correct Answer
verified

Government policies such as unemployment compensation and government regulations related to hiring and firing employees result in ________ unemployment.

Correct Answer
verified

Dr.Hardstark's economics class has 50 students.Ten students in the class have part-time jobs.Three students in the class would like to have part-time jobs,and one of the three is looking for a part-time job.What is the unemployment rate in the class?

Correct Answer
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Zero unemployment is

Correct Answer
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The Great Recession lasted most of which decade?

Correct Answer
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Natural unemployment is the

Correct Answer
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What happened to the labor force participation rate for males between the years 1948 and 2015? What are some reasons for this trend?

Correct Answer
verified
Between 1948 and 2015 the labor force pa...
View Answer

Which of the following statements about unemployment is true?

Correct Answer
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Exam 20: Unemployment

Use the following table to answer the following questions: -According to the table,the number of people NOT in the labor force is equal to

Correct AnswerverifiedShow Answer

Use the following table to answer the following questions: -According to the table,the labor force participation rate in this economy is equal to

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Discouraged workers are defined as individuals who are

Correct AnswerverifiedShow Answer

During a recession,a number of workers have their hours reduced by their employers.All else the same,the unemployment rate will ________ and the labor force participation rate will ________.

Correct AnswerverifiedShow Answer

When it is difficult to hire employees,firms take ________ to hire,which increases ________ unemployment.

Correct AnswerverifiedShow Answer

Explain why some countries experience higher rates of unemployment during normal economic times than others do.

Correct AnswerverifiedUnemployment that exists during normal t...View AnswerShow Answer

Use the following table to answer the following questions: -According to the table,the number of employed in this economy is equal to

Correct AnswerverifiedShow Answer

What happened to the labor force participation rate for females between 1948 and 2015? What are some reasons for this trend?

Correct AnswerverifiedBetween 1948 and 2015,the labor force pa...View AnswerShow Answer

Correct AnswerverifiedShow Answer

If the labor force participation rate increases,the

Correct AnswerverifiedShow Answer

Structural,frictional,and cyclical are all types of

Correct AnswerverifiedShow Answer

In a healthy economy,the unemployment rate is

Correct AnswerverifiedShow Answer

Government policies such as unemployment compensation and government regulations related to hiring and firing employees result in ________ unemployment.

Correct AnswerverifiedShow Answer

Dr.Hardstark's economics class has 50 students.Ten students in the class have part-time jobs.Three students in the class would like to have part-time jobs,and one of the three is looking for a part-time job.What is the unemployment rate in the class?

Correct AnswerverifiedShow Answer

Zero unemployment is

Correct AnswerverifiedShow Answer

The Great Recession lasted most of which decade?

Correct AnswerverifiedShow Answer

Natural unemployment is the

Correct AnswerverifiedShow Answer

What happened to the labor force participation rate for males between the years 1948 and 2015? What are some reasons for this trend?

Correct AnswerverifiedBetween 1948 and 2015 the labor force pa...View AnswerShow Answer

Which of the following statements about unemployment is true?

Correct AnswerverifiedShow Answer

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Correct Answer
verified

During a recession,a number of workers have their hours reduced by their employers.All else the same,the unemployment rate will and the labor force participation rate will .

Correct Answer
verified

When it is difficult to hire employees,firms take to hire,which increases unemployment.

Correct Answer
verified

Correct Answer
verified
Unemployment that exists during normal t...
View Answer

Correct Answer
verified

Correct Answer
verified
Between 1948 and 2015,the labor force pa...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Between 1948 and 2015 the labor force pa...
View Answer

Correct Answer
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