Question 1

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 2

Unemployment benefits in western Europe are more generous than in the United States. As a result, ________ in the United States.

Accepted Answer

A)  frictional unemployment is lower
B)  frictional unemployment is higher
C)  structural unemployment is higher
D)  avoidable unemployment is lower
E)  cyclical unemployment is higher

Question 3

At full employment there is no

Accepted Answer

A)  unemployment.
B)  cyclical unemployment.
C)  avoidable unemployment.
D)  frictional unemployment.
E)  structural unemployment.

Question 4

Define the unemployment rate and labor-force participation rate. Discuss the differences between these two rates.

Accepted Answer

The unemployment rate is defined as <img  loading="lazy" src="/assets/images/blured-textbook.svg" class="d-inline m-1" alt="blured image" width="139" height="30"> × 1...

Question 5

Involuntary part-time workers are not working more hours due to

Accepted Answer

A)  economic reasons.
B)  a lack of training and skills.
C)  an increase in the labor force.
D)  family reasons.
E)  educational commitments.

Question 6

In the United States over the last 50 years,

Accepted Answer

A)  the labor force participation rate for women has increased to match that for women in other developed countries.
B)  both women's and men's labor force participation rates have increased due to technology.
C)  the change in men's labor force participation rate explains the behavior of the unemployment rate.
D)  the labor force participation rate for women has increased to near 60 percent.
E)  women's earning power has remained fairly constant.

Question 7

Explain what type of unemployment changes with the business cycle and how it changes.

Accepted Answer

Cyclical unemployment is the unemploymen...

Question 8

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 9

Cyclical unemployment includes people who become unemployed from

Accepted Answer

A)  changes in the seasons.
B)  changes in international competition.
C)  technological changes.
D)  changes in the business cycle.
E)  normal labor market turnover.

Question 10

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 11

Over the last 50 years, in the United States the labor force participation rate for women ________, the labor force participation rate for men ________, and the over-all labor force participation rate ________.

Accepted Answer

A)  increased; decreased; increased
B)  increased; decreased; did not change
C)  did not change; increased; increased
D)  increased; did not change; increased
E)  decreased; increased; increased

Question 12

Jane is a 25 year old, full-time student. She works part time in her school library and is paid $7 an hour. She is considered to be

Accepted Answer

A)  unemployed.
B)  not in labor force.
C)  in labor force but not working.
D)  employed.
E)  not in the working-age population because she is in college.

Question 13

The labor force is defined as the number of people who

Accepted Answer

A)  are employed plus the number of people who are unemployed.
B)  are available and looking for work but are unable to find employment.
C)  would like to have a job but have stopped seeking work.
D)  would like to have a full-time job but are working part time.
E)  are employed minus the number of people who are unemployed.

Question 14

The labor force includes people who i. are less than 16 years of age.
Ii. are in institutions.
Iii. are actively seeking a job but do not have a job.

Accepted Answer

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

Question 15

Which type of unemployment is a permanent and healthy phenomenon in a dynamic economy?

Accepted Answer

A)  cyclical
B)  avoidable
C)  structural
D)  frictional
E)  unavoidable

Question 16

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 17

Suppose the working-age population is 500 million, the labor force is 200 million, and the unemployment rate is 15 percent. The number of unemployed people is

Accepted Answer

A)  30 million.
B)  75 million.
C)  45 million.
D)  105 million.
E)  15 million.

Question 18

Which type of unemployment is most likely to lead unemployed workers to retrain or relocate?

Accepted Answer

A)  cyclical
B)  forced
C)  structural
D)  frictional
E)  search

Question 19

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

Accepted Answer

A)  increased for men and women.
B)  decreased for men and women.
C)  increased for men and decreased for women.
D)  increased for women and decreased for men.
E)  increased for women and not changed for men.

Question 20

What are the three types of unemployment and how do they change over the business cycle?

Accepted Answer

The three types of unemployment are fric...

Exam 15: Jobs and Unemployment

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

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In the United States over the last 50 years,

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Cyclical unemployment is

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Over the last 50 years, in the United States the labor force participation rate for women ________, the labor force participation rate for men ________, and the over-all labor force participation rate ________.

Correct AnswerverifiedShow Answer

The labor force is defined as the number of people who

Correct AnswerverifiedShow Answer

When cyclical unemployment is zero,

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

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Cyclical unemployment includes people who become unemployed from

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What are the three types of unemployment and how do they change over the business cycle?

Correct AnswerverifiedThe three types of unemployment are fric...View AnswerShow Answer

Unemployment benefits in western Europe are more generous than in the United States. As a result, ________ in the United States.

Correct AnswerverifiedShow Answer

Suppose the working-age population is 500 million, the labor force is 200 million, and the unemployment rate is 15 percent. The number of unemployed people is

Correct AnswerverifiedShow Answer

Which type of unemployment is a permanent and healthy phenomenon in a dynamic economy?

Correct AnswerverifiedShow Answer

Define the unemployment rate and labor-force participation rate. Discuss the differences between these two rates.

Correct AnswerverifiedThe unemployment rate is defined as × 1...View AnswerShow Answer

Jane is a 25 year old, full-time student. She works part time in her school library and is paid $7 an hour. She is considered to be

Correct AnswerverifiedShow Answer

Involuntary part-time workers are not working more hours due to

Correct AnswerverifiedShow Answer

Explain what type of unemployment changes with the business cycle and how it changes.

Correct AnswerverifiedCyclical unemployment is the unemploymen...View AnswerShow Answer

Which type of unemployment is most likely to lead unemployed workers to retrain or relocate?

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At full employment there is no

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The labor force includes people who i. are less than 16 years of age. Ii. are in institutions. Iii. are actively seeking a job but do not have a job.

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

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Over the last 50 years, in the United States the labor force participation rate for women , the labor force participation rate for men , and the over-all labor force participation rate .

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The three types of unemployment are fric...
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The unemployment rate is defined as × 1...
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Cyclical unemployment is the unemploymen...
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