which of the following statements are true regarding unemployment

It is possible to eliminate natural unemployment. The number of people unemployed divided by the number of people employed. It addresses decision-making. Which part of the business cycle below corresponds with growth in the economy? Which of the following are true of an economy operating below full employment? When there is involuntary unemployment, the employment rent is zero. A. B. will equal structural unemployment. Select all that apply. C. The unemployment rate is equal to the cyclical rate of unemployment. B. Higher union wage rates allow companies to attract more highly skilled workers. (You may select more than one answer.) In the production function, all the inputs are assumed to be fixed. a. Mark the false statement(s). c. It is always present, even in a healthy economy. People who lost their jobs during the recession experienced cyclical unemployment. Between 1944 and 1948, millions of people, including ethnic Germans ( Volksdeutsche) and German citizens ( Reichsdeutsche ), were permanently or temporarily moved from Central and Eastern Europe. Everyone who is looking for a job will have one. d. unemployed. Discouraged, Which of the following statements is/are correct? Real wage is cyclical. b) considered underemployed. b. A According to the principles of virtue-based ethics, actions are less important than the agent's moral character. Consumer confidence can be volatile and inconsistent over time. Check all that apply. (a) frictional (b) structural (c) sum of the frictional unemployment rate and the structural (d) seasonal (e) cyclical. Higher unemployment usually means that prices will rise. C. It is positive in recessions and negative in economic booms. What is the difference between being unemployed and being out of the labor force? c. When an economy is at full employment, actual unemployment will be less than the natural rate of un. a) They have given up on looking for a job. Explain. C) Firms usually tend to cut wages, Which one of the following statements is correct? 2. The price is too high, sosuppliers want to produce less than consumers want. They are counted as part of the labor force by the Bureau of Labor Statistics. It is reflected in the GDP gap. C. Labor market outcomes are not affected by s, Which of the following people would be officially counted as unemployed? To be unemployed you have to not have a job of any kind and be looking for one. The labor force would decrease and the unemployment rate would remain the same. 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? ANS: D d. a. Frictional unemployment implies a lack of available jobs. The unemployment produced by fluctuations in economic activity is called _________. b. (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. c) A person who is working part-time but would like to be working full-time is considered to be unemployed. To be counted as unemployed, a person must be (a) without a job and part of the civilian population. A person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job: A. is counted as out of the labor force but should be counted as unemployed. Cyclical unemployment is A. unemployment caused by time delays in matching available jobs and workers. Set a wage rate that will maximize the income of only some of its members. E) seasonal unemployment. b. People who work at least one hour per week. B. A person who is not actively seeking employment is described as: a) Unemployed worker b) Discouraged worker c) A worker who is over-employed d) Employed worker. The percentage of adults who are in the labor force and thus seeking jobs, but wh, Determine whether the following statement is positive or normative: "U.S. workers deserve more liberal unemployment benefits. Which of the following statements about unemployment is true? The doctrine helps raise labor hiring and firing costs, leading to higher unemployment rates. What is the difference between a person who is frictionally unemployed and one who is structurally unemployed? Why? It can be eliminated only in a free society. d. any, Natural unemployment is equal to which of the following? b. Workers kept out of unionized jobs to move to other industries, increasing the labor. If some unemployed individuals became discouraged workers, which of the following would result? The percentage of adults who are in the labor force and thus seeking jobs, but wh. b. Which of the following statements about unemployment is true? C. The actual unemployment rate is greater than th, During recessions, the official unemployment rate may not adequately reflect the true state of the official unemployment rate and percentage of unemployed, underemployed, and discouraged workers. II. The resulting rise in unemployment is mostly a rise in _ unemployment. Which of the following statements about seasonal unemployment is TRUE? 1. a. If the unemployment rate had been 4.5 percent instead of 4.9 percent: a. a) In recent years, the unemployment rate in every European country has been higher than the unemployment rate in the United States. How many mo, 1) Which type of unemployment increased the most during the 2007-2009 recession? C. rate of cyclically unemployed. It is the amount of unemployment in the economy, adjusted for the effects of inflation. c. structural unemployment is zero. a. d. It causes the natural rate of unemployment to rise. Which of the following are true of state and local revenues? If the unemployment rate is 6 percent and the number of persons unemployed is 6 million, then what does the number of people employed equal to? A. Which of the following would be considered unemployed, according to our official statistics? -Unemployment figures that estimate the number of unemployed are prepared by the U.S. Department of Labor. c. Unemployment insurance increases the amount of. a. 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. Government expenditures create demand for goods and services. b. b. the natural unemployment rate. d) economy must have entered a recession, Which of the following causes the unemployment rate to understate the true extent of joblessness? higher unemployment during a recession. a. cyclical b. structural c. frictional d. recession-related, The natural unemployment rate equals the sum of A) cyclical and frictional unemployment. Based on the graph above, if market price is $19 per unit, what is happening at that market price? a) In recent years, the unemployment rate in every European country has been higher than the unemployment rate in the United States. Unemployment that is due to a recession is: a. involuntary unemployment. A person who wants a job as a fashion model but cannot find work in that field. a. why setting wages at the equilibrium level may increase Unemployment. A teenage worker is more likely to be unemployed than an older worker. (A) They are full-time workers who would like to work only part-time. Retail sales measure the current outlook for the economy. It is not considered a legitimate type of employment. a. The economy is considered at full employment when: A. the unemployment rate is zero. Who do you call unemployed? 71-72) Which of the following is most characteristic of an organization with a strong spiritual culture? a. Which of the following statements correctly describe discouraged workers? a. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. (a) Slow growth. b. structural unemployment. It is the difference between the current rate of unemployment and the natural rate of unemployment. C. The unemployment rate is 0%. 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. higher unemployment during a recession. ii) Hannah, who quit her job to find one that better su. B. The typical employment insurance compensation is roughly one-third of one's latest salary for up to 26 weeks. See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. a. unemployment + employment b. cyclical unemployment - structural unemployment c. structural unemployment + frictional unemployment d. structural unemployment + cyclical unemployment. Full employment means that the unemployment rate is less than 1/2 of 1 percent. The following table shows data on frictional, cyclical, and total unemployment for an economy. Correct option D. There is only structural unemployment in the economy. b. Natural rate of unemployment B. b. B. c) The U.S. labor market i; Which of the following statements is true of NAFTA? a) They have given up on looking for a job. Determine which statement below regarding economic indicators is FALSE. B. underemployed workers are counted. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. Which of the following statements is true? Which of the following is not included in the natural rate of unemployment? a. a. Labor income Which statement below about the exchange rate is FALSE? Explain. d. frictional, The economy is considered to be at full employment when: a. the actual rate of unemployment is less than the natural rate. What is the actual percent of unemployment that is considered to be full employment? Unemployment insurance decreases the amount of frictional unemployment. D) self-employed. If economic policy-makers can keep the economy growing at a steady pace, they can reduce: a. cyclical unemployment. c. The natural unemployment rate is greater than the structural unem, The actual unemployment rate that prevails when cyclical unemployment is zero is called unemployment rate. B. structural unemployment is zero. Unemployment caused by the fluctuation of the business cycle is called . unemployment. C. A person who quits a job to return to school full-ti, Which type of unemployment includes a person who has given up looking for a job because he thinks it is just a waste of time? The causes of unemployment are heavily debated. c. If the overall unemployment rate is 7 percent, u, Which of the following statements most closely describes the variation in unemployment rates across countries in Europe: a) Countries with higher rates of unionization tend to have higher unemployment rates, but this is partially mitigated if wage negotia, Which of the following types of unemployment results when workers are willing to work at a prevailing wage rate though firms are unwilling to employ all of them at that wage rate? 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. ", Which of the following is an example of an active labor market policy? There must be involuntary unemployment in an efficiency wage equilibrium. The unemployment rate is equal to the natural rate of unemployment. a. D. Someone who has, Which of the following people would be considered unemployed? Many women quit their jobs to raise their kids. a. Which of the following statements is (are) true with respect to the Social Security earnings test? c. Unemployment exceeds the nat, Cyclical unemployment refers to A. changes in unemployment due to changes in the natural rate of unemployment. There is only cyclical unemployment in the economy. a) raising unemployment benefits. D. A. Which of the following statements about full employment is correct? c) Cyclical and structural unemployment. It is negative in recessions and positive in economic booms. b. a. copyright 2003-2023 Homework.Study.com. iii. Frictional unemployment is due to changes in the economy. ", Which of the following statements is/are correct? c.Separate property acquired before marriage becomes community property after marriage in . Which of the following statements is true regarding the natural unemployment rate? A. Select all that apply. a. Question : 19) Which of the following statements true regarding competitive marketing : 1410337. b) A person who is not working is officially unemployed. Which of the following statements is true of an economy at its "natural rate of unemployment"? Full employment is natural unemployment minus 100%. Which of the following statements about the employment-at-will doctrine is TRUE? c. employment rates will be rising. A discouraged worker is counted as an unemployed worker. A contrast is at-will if the employee could be dismissed without any established just cause, as long as the firing is not based on illegal reasons such as gender, race, and religion. B. structural and frictional unemployment have been eliminated. B. a. b. B. b. Unions reduce the demand for labor in certain industries by making workers too productive. a. Hint: (Use Okun's law to calculate GDP loss) a) How much money should the government spend to eliminate this GDP loss? Unemployment closely tied to the business cycle, e.g. When the economy is experiencing a contraction, there is an increase in: a. frictional unemployment. People who are out of work due to bad weather. 1/10 b. structurally unemployed. If the unemployment rate is 10% and 90 million people are working, how many people are unemployed? Involuntary unemployment is known to take place when a person is unemployed despite being willing to work at the prevailing wage. Which of the following is NOT part of the expenditure approach to calculating GDP? b. The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. (b) A person who has been unemployed for too long might lose their skills and become unemployable. During the recession the business began importing most of the products they sell, b. Choose all that apply. b) The supply curves of indi, Indicate whether each of the following statements applies to microeconomics or macroeconomics: a. In the labor force? A. a. c. why the m, Which of the following is true? b.Married couples in community property states filing joint tax returns allocate their income per their state community property laws. They are counted as part of the labor force by the Bureau of Labor Statistics. A. A. a. B. When cyclical unemployment is equal to zero, we know that: A. c. It is decided upon by the federal government. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Natural unemployment is equal to which of the following? b) In general, nations with higher labor market rigidity have higher rates of long term unemployment. It is possible to eliminate natural unemployment. d) Labor force: the number of employed plus the unemployed. Seasonal unemployment happens when people are out of work due to the season. copyright 2003-2023 Homework.Study.com. Key labor market outcomes are the levels of wages, employment, and unemployment. a. 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? c) work tests. Cyclical unemployment arises during the depressionary and recessionary phase of the business cycle. a. An unemployment rate of 7 percent is a serious problem. a. Involuntary c. Seasonal d. Voluntary. Define unemployment. Which of the following statements is incorrect? c. Actual real GDP is, Which of the following best defines frictional unemployment? b) It occurs only during a recession. "Full employment" is said to exist when the unemployment rate equals a. zero. d. zero unemployment rates. (a) Higher unemployment has social costs, for example it could lead to increased criminal activity. b) unemployment caused by changes in the industrial makeup of an economy. d. It is the amount of unemployment that the economy normally experiences. Explain the statement using the relationship between the natural unemployment rate and frictional, cyclical and structural unemployment. Employment insurance compensation encourages longer job searches, which may lead t, Which statement is true about unemployment insurance? The incidence of the, 1. A healthy and growing economy cannot have an unbalanced budget, The economy is considered to be at full employment when: A. Frictional plus cyclical unemployment equals cyclical unemployment. Which of the following statements is true regarding the 5-M model? It is possible to eliminate natural unemployment. A teenage worker is more likely to be unemployed than an older worker. C. cyclical unemployment is zero. Unemployment correlated with the business cycle is called A. cyclical unemployment. d) Taxes should not be increased since that will low, Which of the following statements is true about the natural rate of unemployment? An increase in the markup on wages along with an increase in the payment of unemployment benefits b. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. d) Full employment. a) A worker with a college degree is more likely to be unemployed than a worker without one. The labor force would decrease and the unemployment rate would decrease. a. (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. B. however, now we learned that everything is gone. 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 statements is incorrect? B. unemployment caused by changes in the industrial makeup of an economy. idb bank, including its subsidiaries and divisions, provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual . 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? Which of the following statements is/are correct regarding unemployment in the Keynesian and the AD-AS models? d. None of the above. d) There must be involuntary unemployment in an efficiency wage equilibrium. 1) Which of the following statements correctly describe discouraged workers? See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. A. Frictional unemployment is higher, on average, in the United States than in Canada. The minimum wage is supported by unions. Many German Soviets would later return to Germany after Germany was reunited and the Soviet Union collapsed. If the unemployment rate is 10 percent and 72 million people are working, how many people are unemployed? The supply curve of labor shifts when the prevailing wage rate changes. d. the structural unemployment rate. A. d) Underemployed worked being counted a unemployed. higher unemployment during a recession. A. A landscape worker who is out of work during the winter. B. structural unemployment. 5 Which of the following statements are true regarding unemployment? b. Dell laid off many employees when the company's profits dropped during the recession. If the unemployment rate falls from 6% to 5%: a. Which of the following statements is false? 37,194,541. To be officially unemployed, a person has to be in the labor force. What defines a person as unemployed? The unemployment rate is understated due to: a) None of the above. c. People over 65 who don't really want to work. c) Out of labor force: Out of paid work and looking for a job. The labor supply curve is downward sloping. Which of the following statements is false? Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. 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? The unemployment rate is equal to 0%. b. Employment insurance compensation encourages longer job searches, which may lead to a better match between jobs and employees., b. b. D. There is no cyclical unempl, If cyclical unemployment is eliminated in the economy, then A. the economy is considered to be at full employment. -It entails processes that focus on delivering value and benefits to customers. Which of the following is a reason to learn about macroeconomics. D. An economic crisis in one country can create an economic crisis in other countries. B. Frictional unemployment results from the process of matching workers and jobs. c. Unemployed workers as a percentage of the population age over-sixteen. ", Which of the following would lead to a lower unemployment rate? a. Become a Study.com member to unlock this answer! How many fewer workers would have been unemployed? Frictional unemployment is 2.3% and the economy is at full employment. B) Natural unemployment - Cyclical unemployment. Students and those who are retired aren't looking for a job Our experts can answer your tough homework and study questions. Learn the various types of unemployment. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. b. what is the unemployment rate? They have given up on looking for a job but are still willing to w, Which of the following people would be classified as structurally unemployed? The unemployment rate is equal to the natural rate of unemployment. A. 4. Which of the following statements about unemployment is true? D. seasonal unemployment. Cyclical b. Workers wish to supply more hours of work than firms are willing to buy, leading to unemployment. A. A person who is not working is officially unemployed. It is not considered a legitimate type of employment. b. d. Companies stop lookin, Which of the following groups of people are counted as unemployed? When unemployment is increasing, it is a sign of a recession b. c. People who are underemployed. c. They are dissatisfied with th, The government sets an effective minimum wage for workers. Which of the following is not predicted by the technology shock driven real business cycle (RBC) theory? A decrease in the quantity of labor supplied b. c. Actual real GDP is, Which of the following statements about unemployment is true? If the MPC is 0.5 and the government increases spending by $250 billion, which of the following will be the effect this change has on the economy? B. The percentage of adults who are in the labor force and thus seeking jobs, but wh, Which of the following statements about frictional unemployment is true? awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following is false about budget deficits? All other trademarks and copyrights are the property of their respective owners. Which of the following statements regarding cyclical unemployment are not true? [5] none of the above statements . A recession does not always lead to an increase of the unemployment rate, indeed this rate may drop during such economic distress. Which of the following policies will not reduce structural unemployment? B. equals zero. A. Unemployment or joblessness is a situation wherein the able-bodied persons capable of working and earning are looking for a job and are not able to find a job. C. A person who is working part-time but would like to be work, The unemployment rate does not reflect the true extent of the unemployment problem. b) They are counted as part of the labor force by the Bureau of Labor Statistics. Discover three exceptions to employment-at-will and participating states. D. None. b. structural unemployment will be zero. The unemployment rate is equal to 0%. Full employment is natural unemployment minus 100%. The unemployment rate in 2009 was higher than it was in 2006. b. The minimum wage is supported by unions. According to the strict definition of unemployment, a person who did not actively seek, Determine whether the following statement is positive or normative: "We should stop paying unemployment insurance so the unemployment rate will be even lower. A. Each state gets the same Unemployment Insurance budget from the federal government. B) frictional unemployment. What would happen to both unemployment and the normal rate of unemployment if: i. cyclical unemployment increases. a. c. The natural rate of unemployment, Identify the false statement(s). A. They canaffect long run RGDP. a. 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? Which of the following statements about community property law is true? An unemployment rate of 7 percent is a serious problem. Which one of the four statements below is not like the others? C. It is decided upon by the federal government. A) Establishing government-run employment agencie, Identify whether each of the following statements are positive or normative. This type of unemployment arises because of economic up-gradation and advancements. There is only cyclical unemployment in the economy. b. It reflects unemployment when an economy is in "full employment". Full employment means that the transaction costs associated with getting a job are zero. a. Frictional unemployment implies a lack of available jobs. d, Before the recession began, the U.S. unemployment rate was about 6%. The people who are employed but not in the job they want to be in. d. Which of the following is not correct? a. c. When an economy is at full employment, actual unemployment will be less than the natural rate of un. B. In the long run monetary policy is neutral, it is only inflationary. d. Un. A. C. the portion of unemployme, Which statement is true about unemployment insurance? Check all that apply. a. a person who works only 5 hours per week for pay b. a full-time college student who chooses not to have a paying job c. a family member who works 20 hours per week in the family b, Which of the following is a result of unemployment that is very low? It is difficult to predict because it involves all kinds of workers. B. the unemployment rate is below the natural rate of unemployment. Which of the following is true of cyclical unemployment? b. Frictional unemployment is due to changes in the economy. People who lost their jobs during the recession experienced cyclical unemployment. During a recession, cyclical unemployment will be low. B. 4% c. 5% d. 7%, The economy is considered to be at full employment when: a. the actual rate of unemployment is less than the natural rate. c. cyclical unemployment. B) cyclical, seasonal, and structural unemployment. Which of the following statements is true? 3. Unions are becoming a greater influence in American labor markets. A teenage worker is more likely to be unemployed than an older worker. Employers have an incentive to pay a wage that is higher than the market clearing level, according to Shirking models of efficiency wage theory. C. The unemployment rate is equal to the cyclical rate of unemployment. Which of the following statements about unemployment is true? a. If demand becomes more elastic, which of the following will happen, as demonstrated by the graph shown here? )contractionary monetary policy; left b.)contractionary. Which of the following statements correctly describe discouraged workers? A. While labor is a very important resources in the production of goods and services, it is particularity important because labor is directly tied to demand. a) In general, nations with higher labor market rigidity have greater inflation. Full employment is natural unemployment minus 100%. Which of the following statements is true? Give reasons why or why not. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. People who lost their jobs during the recession experienced cyclical unemployment . b. . Derived demand for labor depends on the demand for the product labor produces. If they are above the equilibrium, they are non-binding. C. structural unemployment would r. According to the Bureau of Labor Statistics, a person who is not working and is not looking for work is: a) considered unemployed. A decrease in the market clearing wage c. Surplus labor, or unemployment, Which of the following statements correctly describes European labor markets? a. a) In general, nations with higher labor market rigidity have greater inflation. Real output exceeds the natural level of real output. The actual unemployment rate can never be above the natural rate. The economy is in the peak phase of the business cycle. c. frictional unemployment. A. Underemployed workers. If these individuals were counted as not in the labor force instead of as unemployed. Someone who has lost her job in the last week. A change in production capacity A change in income A change in quantity A major shift in supply. a. Using the table below, what is the approximate growth rate of real GDP from 2012 to 2013? Which of the following statements is false? Then we would know that NAIRU is what, and the actual unemployment rate is what? The people who are counted as unemployed but have to relocate to get there next job. B. Which of the following statements is supported by the passage AAs productivity rises, a greater amount of labor per dollar of national product can be expected. Full employment is natural unemployment minus 100%. I. Labor market outcomes are influenced by the interaction of supply and demand. B. (A) They are full-time workers who would like to work only part-time. B. frictional unemployment would rise. c. Outsourcing resulted in many job losses i, What does the unemployment rate measure? B. b. Structural unemployment increases b. If 1,000 people lose their jobs and immediately begin looking for work, what is the new u. ", Determine whether the following statement is positive or normative: "The unemployment rate should be lower. A) 0.4% B) - 0.6% C) - 4.5% D) 4.5% E) 10%. B. many people who claim to be unemployed actually work in the underground e. Complete the following sentence. C. All nations measure unemployment in the same way. The minimum wage is good because it raises wages for the working poor. Select one a. Check all that apply. e) A person who is a full-time student and not seeking employment is still considered unemployed. b. c. Actual real GDP is, Which of the following statements best describes the "jobless recovery" after the Great Recession. a) Fricti. 1. Which of the following policies would help achieve this goal? (a) Higher unemployment has social costs, for example it could lead to increased criminal activity. Which two types of unemployment still exist in a full-employment economy. C. falls toward zero. c) The government should extend unemployment benefits. They represent the difference between tax revenue and government expenditures. B. Frictional and structural unemployment are also equal to zero. B) unemployed but seeking work. Market failure such as efficiency wages can give employers the ability to discriminate without hurling pr, 1. Unions can either increase demand or decrease the supply of labor. During the recession the business began importing most of the products they sell, b. C. unemployment caused by economic downturns. b. unemployment rates will be increasing while aggregate output is falling. Which of the following is NOT a consequence of imposing a legal minimum wage? c) It tends to occur when an economy experiences inflation. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment.

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