Question 1

The natural unemployment rate is the unemployment rate that exists when there is no

Accepted Answer

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

Question 2

In the United States, the highest unemployment rates occur among

Accepted Answer

A)   white teenagers.
B)   white females.
C)   black teenagers.
D)   black females.
E)   white males.

Question 3

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 4

Suppose a 23-year old graduate student is looking for a full-time job , but has to take a part-time job instead. He or she will be categorized in the Current Population Survey as ________ when calculating the unemployment rate.

Accepted Answer

A)   unemployed.
B)   employed.
C)   not in the labor force.
D)   a discouraged worker.
E)   underemployed.

Question 5

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 not 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.

Question 6

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 7

Consider the following people:
Chris quits his job as an automobile mechanic to pursue his college education full-time.
Darrelo was laid off from her technical support job because of a strike by production workers and is currently looking for a new job.
Rita graduated from college and is currently looking for a job.
Armondo quit his old job and will begin his new job in four days.
Thorton was fired from his job as a steel worker because of massive imports of steel and he is looking for a new job.
Valery is a ski instructor from December to April and she is currently sailing for enjoyment, which is what she does the rest of the year.
Jung was laid off from his job as an appraiser because the firm's business declined because of a general downturn in the economy and he is currently looking for a new job as an appraiser.
-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 8

Category  Number of people  Labor force 10,000 Employed 9,000 Under 16 years of age 2,000 Working-age population 12,000\begin{array}{lc}	ext { Category } & 	ext { Number of people } \\hline 	ext { Labor force } & 10,000 \	ext { Employed } & 9,000 \	ext { Under } 16 	ext { years of age } & 2,000 \	ext { Working-age population } & 12,000\end{array} Category  Labor force  Employed  Under 16 years of age  Working-age population ​ Number of people 10,0009,0002,00012,000​​ 
-In the table above, the number of unemployed people is

Accepted Answer

A)   2,000.
B)   1,000.
C)   1,100.
D)   11,000.
E)   3,000.

Question 9

After 15 years with Ford Motor Corporation, one summer Cameron loses his job.His boss explained that his position has been downsized after the technological advances in automobile production.Cameron is best considered

Accepted Answer

A)   not in the labor force.
B)   frictionally unemployed.
C)   structurally unemployed.
D)   cyclically unemployed.
E)   seasonally unemployed.

Question 10

Job losers are people who

Accepted Answer

A)   are laid off.
B)   leave voluntarily.
C)   recently left school.
D)   left their job to have children.
E)   left the labor market because they believe they are unable to find a job.

Question 11

During a recession, the unemployment rate

Accepted Answer

A)   is, by definition, above 25 percent.
B)   is, by definition, above 10 percent.
C)   usually increases but not necessarily to 10 percent or 25 percent.
D)   remains constant.
E)   usually decreases.

Question 12

The Bureau of Labor Statistics (BLS)  compiles information about employment by

Accepted Answer

A)   performing a census of every household in the nation.
B)   performing a quarterly survey 6,000,000 households.
C)   performing a monthly survey of 60,000 households.
D)   determining the average estimate of labor market specialists around the nation.
E)   contacting each of the 50 states' Departments of Labor.

Question 13

If an entire industry relocates to a foreign country, the relocation leads to a higher rate of ________ unemployment.

Accepted Answer

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

Question 14

A marginally attached worker is

Accepted Answer

A)   a person who is not happy with his or her job.
B)   someone who works part-time more than 25 hours per week but wants full-time work.
C)   someone who does not have a job but is available and willing to work and has made specific but unsuccessful efforts to find a job during the past 4 weeks.
D)   someone who does not have a job but is available and willing to work but has not made specific efforts to find a job during the past 4 weeks.
E)   another name for an unemployed worker.

Question 15

During the 2008-09 recession, which of the following occurred?

Accepted Answer

A)   The unemployment rate for job losers was over 6 percent.
B)   The unemployment rate for job losers was about equal to the unemployment rate for job leavers.
C)   Job leavers accounted for the largest portion of the unemployed.
D)   Discouraged workers accounted for the largest portion of the unemployment rate.
E)   Job reentrants accounted for the largest number of unemployed people.

Question 16

Seasonal unemployment includes people who become unemployed from

Accepted Answer

A)   the seasonal weather patterns.
B)   normal changes in the labor force.
C)   technological changes.
D)   changes in the business cycle.
E)   changes in international competition.

Question 17

How does the unemployment rate change in a recession and in an expansion?

Accepted Answer

During a recession, the unempl...

Question 18

Suppose that the population is 275 million.Also assume that the labor force is 135 million and that 130 million people are employed.Calculate the unemployment rate.

Accepted Answer

The unemployment rat...

Question 19

During a recession, the unemployment rate ________ and the percentage of part-time workers who are involuntary part-time workers ________.

Accepted Answer

A)   rises; rises
B)   rises; falls
C)   falls; rises
D)   falls; falls
E)   rises; does not change

Question 20

Rosina Gonzales quit her job in Pennsylvania and moved to California to be close to her family.She is currently looking for work, so she would be considered

Accepted Answer

A)   a discouraged worker.
B)   frictionally unemployed.
C)   cyclically unemployed.
D)   seasonally unemployed.
E)   a withdrawal.

Exam 6: Jobs and Unemployment

If an entire industry relocates to a foreign country, the relocation leads to a higher rate of ________ unemployment.

Correct Answer
verified

Rosina Gonzales quit her job in Pennsylvania and moved to California to be close to her family.She is currently looking for work, so she would be considered

Correct Answer
verified

The natural unemployment rate is the unemployment rate that exists when there is no

Correct Answer
verified

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 Answer
verified

Suppose that the population is 275 million.Also assume that the labor force is 135 million and that 130 million people are employed.Calculate the unemployment rate.

Correct Answer
verified
The unemployment rat...
View Answer

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

Correct Answer
verified

Correct Answer
verified

In the United States, the highest unemployment rates occur among

Correct Answer
verified

The Bureau of Labor Statistics (BLS) compiles information about employment by

Correct Answer
verified

How does the unemployment rate change in a recession and in an expansion?

Correct Answer
verified
During a recession, the unempl...
View Answer

A marginally attached worker is

Correct Answer
verified

Seasonal unemployment includes people who become unemployed from

Correct Answer
verified

Job losers are people who

Correct Answer
verified

$\begin{array}{lc}\text { Category } & \text { Number of people } \\\hline \text { Labor force } & 10,000 \\\text { Employed } & 9,000 \\\text { Under } 16 \text { years of age } & 2,000 \\\text { Working-age population } & 12,000\end{array}$ -In the table above, the number of unemployed people is

Correct Answer
verified

During a recession, the unemployment rate and the percentage of part-time workers who are involuntary part-time workers .

Correct Answer
verified

After 15 years with Ford Motor Corporation, one summer Cameron loses his job.His boss explained that his position has been downsized after the technological advances in automobile production.Cameron is best considered

Correct Answer
verified

During the 2008-09 recession, which of the following occurred?

Correct Answer
verified

During a recession, the unemployment rate

Correct Answer
verified

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 not longer working after taking early retirement from her employer.

Correct Answer
verified

Suppose a 23-year old graduate student is looking for a full-time job , but has to take a part-time job instead. He or she will be categorized in the Current Population Survey as ________ when calculating the unemployment rate.

Correct Answer
verified

Exam 6: Jobs and Unemployment

If an entire industry relocates to a foreign country, the relocation leads to a higher rate of ________ unemployment.

Correct AnswerverifiedShow Answer

Rosina Gonzales quit her job in Pennsylvania and moved to California to be close to her family.She is currently looking for work, so she would be considered

Correct AnswerverifiedShow Answer

The natural unemployment rate is the unemployment rate that exists when there is no

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

Suppose that the population is 275 million.Also assume that the labor force is 135 million and that 130 million people are employed.Calculate the unemployment rate.

Correct AnswerverifiedThe unemployment rat...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

In the United States, the highest unemployment rates occur among

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics (BLS) compiles information about employment by

Correct AnswerverifiedShow Answer

How does the unemployment rate change in a recession and in an expansion?

Correct AnswerverifiedDuring a recession, the unempl...View AnswerShow Answer

A marginally attached worker is

Correct AnswerverifiedShow Answer

Seasonal unemployment includes people who become unemployed from

Correct AnswerverifiedShow Answer

Job losers are people who

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

During a recession, the unemployment rate ________ and the percentage of part-time workers who are involuntary part-time workers ________.

Correct AnswerverifiedShow Answer

After 15 years with Ford Motor Corporation, one summer Cameron loses his job.His boss explained that his position has been downsized after the technological advances in automobile production.Cameron is best considered

Correct AnswerverifiedShow Answer

During the 2008-09 recession, which of the following occurred?

Correct AnswerverifiedShow Answer

During a recession, the unemployment rate

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Suppose a 23-year old graduate student is looking for a full-time job , but has to take a part-time job instead. He or she will be categorized in the Current Population Survey as ________ when calculating the unemployment rate.

Correct AnswerverifiedShow Answer

Correct Answer
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The unemployment rat...
View Answer

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verified

Correct Answer
verified
During a recession, the unempl...
View Answer

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verified

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Correct Answer
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Correct Answer
verified

During a recession, the unemployment rate and the percentage of part-time workers who are involuntary part-time workers .

Correct Answer
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Correct Answer
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