Unemployment caused by the fluctuation of the business cycle is called . unemployment. Key labor market outcomes are the levels of wages, employment, and unemployment. Select all that apply. b) A person who is not working is officially unemployed. b. c. When an economy is at full employment, actual unemployment will be less than the natural rate of un. b. c. structural unemployment. Minimum wages are the predominant reason for unemployment in the U.S. economy. A full-time college student. A person who stayed home to raise his children and now starts looking for a job. a. a. An unemployment rate of greater than 8 percent is good because prices will fall. B) frictional unemployment. To be officially unemployed, a person has to be in the labor force. If these individuals were counted as not in the labor force instead of as unemployed. a) Fricti. Rent control is an example of a price floor. It is not considered a legitimate type of employment. All other trademarks and copyrights are the property of their respective owners. The unemployment rate equals the nature unemployment rate b. Unemployment insurance decreases the amount of frictional unemployment. 1. c) not considered a part of the working-age population. c) Keynesian aggregate supply curve must be horizontal. c. structural unemployment is zero. a. a) It occurs even when an economy is producing at a point on its production possibilities frontier. d. zero unemployment rates. d. the natural unemployment rate. a) They have given up on looking for a job. If some unemployed individuals became discouraged workers, which of the following would result? c. Unemployment insurance increases the amount of. (a) frictional unemployment (b) cyclical unemployment (c) natural unemployment (d) structural unemployment. A) Firms usually tend to lay off workers than cut wages to reduce costs. Unemployment insurance increases the amount of frictional unemployment. Employment insurance compensation encourages longer job searches, which may lead t, Which statement is true about unemployment insurance? D. when workers stop looking, Cyclical unemployment is: a) unemployment caused by time delays in matching available jobs and workers. A. d. structural unemployment. Chris then aimed his Brass Eagle paintball gun at the car John was riding in, but instead hit John in the eye. (a) frictional (b) structural (c) sum of the frictional unemployment rate and the structural (d) seasonal (e) cyclical. a. a. B. Frictional unemployment results from the process of matching workers and jobs. B. b. A. When the economy is at its full-employment Real GDP, the unemployment rate is equal to: a. Full employment means that the unemployment rate is less than 1/2 of 1 percent. (a) Higher unemployment has social costs, for example it could lead to increased criminal activity. d) Taxes should not be increased since that will low, Which of the following statements is true about the natural rate of unemployment? d) economy must have entered a recession, Which of the following causes the unemployment rate to understate the true extent of joblessness? When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. b. iii. b. A. The labor supply curve is downward sloping. It is negative in recessions and positive in economic booms. b. Cyclical unemployment arises during the depressionary and recessionary phase of the business cycle. d. It causes the natural rate of unemployment to rise. B. seasonal unemployment. A landscape worker who is out of work during the winter. Explain to whom that type of unemployment might apply. There must be involuntary unemployment in an efficiency wage equilibrium. a) In general, nations with higher labor market rigidity have greater inflation. An increase in the minimum wage enhances the well-being of all unskilled workers. The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. c. They are dissatisfied with th. C. The unemployment rate is 0%. C. Retired workers. b) Unemployment. The causes of unemployment are heavily debated. B) The union markup is relatively small for unionized firms in a competitive market. The increase in unemployment associated with a recession is called a. structural unemployment. II. (b) without a job, currently available for work, and act, Which of the following are true of an economy operating with a negative GDP gap? a. B. 1. a. Which of the following policies will not reduce structural unemployment? When the economy is at its full employment Real GDP, the unemployment rate is equal to a. zero. C. Set, Which of the following is a statement of positive economics? (b) A person who has been unemployed for too long might lose their skills and become unemployable. I) Unemployment rates for low-skill workers are likely to decrease. c. Companies have difficulties recruiting workers. d. frictional plu, 1. D. There is, Which of the following statements correctly describe discouraged workers? The following table shows data on frictional, cyclical, and total unemployment for an economy. Recessions begin at ______ and end at _____. c. Someone who gives up looking for a job. There must be involuntary unemployment in an efficiency wage equilibrium. b) economy is considered to be at full employment. Which of the following is true when the economy is at full employment? a. c. the structural unemployment rate. A. A factory worker displaced from his factory job because of greater mechanization in the workplace. Which of the following statements is false? (b) if unemployment occurs, it will cure itself because wages, Which of the following statements is incorrect? c. Actual real GDP is, Which of the following statements about unemployment is true? B. Unemployment correlated with the business cycle is called A. cyclical unemployment. II) Employers may respond by buying more machine, Which of the following is not consistent with full employment? Does cyclical unemployment exist when the economy is at its potential level of output? d. It is the amount of unemployment that the economy normally experiences. It is possible to eliminate natural unemployment. It is always at zero percent. The actual unemployment rate can never be above the natural rate. c. Outsourcing resulted in many job losses i, What does the unemployment rate measure? B. unemployment caused by changes in the industrial makeup of an economy. c. employment rates will be rising. "Full employment" is said to exist when the unemployment rate equals a. zero. structural unemployment falls and cyclical unemployment rises by the same amount. The unemployment rate is understated due to: a) None of the above. Unemployment that results from business recessions that occur when aggregate demand is insufficient to create full employment is: a. cyclical unemployment b. frictional unemployment c. structural unemployment d. seasonal unemployment. c. Companies have difficulties recruiting workers. Which of the following statements about unemployment is true? With the exception of during recessions, workers in Canada are eligible for unemployment benefits for about twice as long a period of time as workers in the United States. C. falls toward zero. a) To be officially unemployed, a person has to be in the labor force. 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? C. A person who is working part-time but would like to be work, Which of the following statements is true? D. Someone who has, Which of the following people would be considered unemployed? a. Which of the following statements is false? a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. a. Mark all that apply. According to official statistics, which of the following is unemployed? c) Out of labor force: Out of paid work and looking for a job. c. a recessionary gap exists and wages are likely to fall. In the long run monetary policy is neutral, it is only inflationary. Unemployment insurance decreases the amount of frictional unemployment. b. The economy is in the peak phase of the business cycle. 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. 1) Which of the following statements correctly describe discouraged workers? Everyone who is looking for a job will have one. c. The minimum wage reduces the number of jobs for less skilled workers. D. equals cyclical and actual rates of unemployment. Which of the following is a reason to learn about macroeconomics. a. a. b. b) job retraining. c. It is always present, even in a healthy economy. During a recession, cyclical unemployment will be low. Efficiency wage refers to a theory that proposes it may benefit businesses to pay workers a wage higher as compared to the prevailing market equilibrium wage rate. A person who has given up searching for work is called a. frictionally unemployed. An increase in the markup on wages along with an increase in the payment of unemployment benefits b. Which of the following statements is true? Which of the following statements are true regarding unemployment? Labor surplus B. c. It is decided upon by the federal government. It is not considered a legitimate type of employment. e) A person who is a full-time student and not seeking employment is still considered unemployed. Which of the following statements are true regarding unemployment? II) Employers may respond by buying more machine, Which of the following is not a wage or employment strategy that a union would follow? C. GDP i. Retail sales measure the current outlook for the economy. Involuntary c. Seasonal d. Voluntary. D) self-employed. C. A person who is working part-time but would like to be work. During a recession, cyclical unemployment will be low. a) Employed: currently working for pay. Full employment is natural unemployment minus 100%. b. People quitting a job just long enough to look for and find another one. d. 16%. c. A monopsony is the only employer of a factor. b. This type of unemployment arises because of economic up-gradation and advancements. c. The natural rate of unemployment, Identify the false statement(s). d. The doctrine helps lower labor hiring and firing costs, leading to higher unemployment rates. d. unemployed. A decrease in the quantity of labor supplied b. C. cyclical unemployment is zero. Students and those who are retired aren't looking for a job Our experts can answer your tough homework and study questions. Which of the following statements is true? When there is no involuntary unemployment, firms must be employing workers without ever dismissing them. Demand and supply curves for labor are consistently shifting. C. Advoc, Which of the following do unions not cause? Which of the following statements regarding unemployment is true? Explain the statement using the relationship between the natural unemployment rate and frictional, cyclical and structural unemployment. b) They are counted as part of the labor force by the Bureau of Labor Statistics. a. reduce unemployment rates b. boost company profits c. restore a sense of community d. bring religion into business (c; moderate; pp. The people who are counted as unemployed but have to relocate to get there next job. Select all that apply. B. Select all that apply. 3. Energy transition refers to the process of moving towards the replacement of the currently used fossil fuels for energy production with RES, as well as the introduction of new energy systems with improved operation efficiency and low primary energy consumption, described with the term "rational use of energy" (RUE) [12,13]. If aggregate demand just increased, which of the following may have caused the increase? Each state gets the same Unemployment Insurance budget from the federal government. Structural Unemployment B. Interviewing a wide variety of candidates to ensure a diverse workforce b. Which one of the four statements below is not like the others? Which of the following is not predicted by the technology shock driven real business cycle (RBC) theory? 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. The minimum wage creates unemployment among young and unskilled workers. "The natural rate of unemployment is equal to frictional unemployment plus structural unemployment". The resulting rise in unemployment is mostly a rise in _ unemployment. Which of the following statements are true regarding unemployment? The average duration of unemployment is longer in the United States than in Canada. They are counted as part of the labor force by the Bureau of Labor Statistics. d. It causes the natural rate of unemployment to rise. b. unemployment rates will be increasing while aggregate output is falling. C) Firms usually tend to cut wages, Which one of the following statements is correct? There is no cyclical unemployment in the economy. Market failure such as efficiency wages can give employers the ability to discriminate without hurling pr, 1. a. Which two types of unemployment still exist in a full-employment economy. a. Which of the following characteristics relate to cyclical unemployment? When the economy is experiencing a contraction, there is an increase in: a. frictional unemployment. Efficiency wages C. Frictional D. Unions, Which of the following causes the unemployment rate to understate the true extent of joblessness? 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 discouraged worker is counted as an unemployed worker. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. a. 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. a) raising unemployment benefits. Check all that apply. b. 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. d) when workers stop looking fo. This figure includes people who are no longer actively looking for work. A. d) Labor force: the number of employed plus the unemployed. 37,194,541. The seasonal unemployment rate c. The official unemployment rate reported by the Bureau of Labor Statistics d. The cyclical unemployment rate, In 2016, there were approximately 159.2 million people in the labor force and the unemployment rate was 4.9 percent. Which of the following statements about seasonal unemployment is TRUE? Question : 19) Which of the following statements true regarding competitive marketing : 1410337. 1. C. Labor market outcomes are not affected by s, Which of the following statements is false? Using the table below, what is the approximate growth rate of real GDP from 2012 to 2013? C. The unemployment rate is equal to the cyclical rate of unemployment. b. frictional unemployment. 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. Government expenditures create demand for goods and services. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. c. Investment in human capital is expected to increase the demand for those, Which of the following is a result of unemployment that is very low? b. b) The unemployment rate is 4.8 percent. 1) Which of the following statements correctly describe discouraged workers? d) not a member of the labor force. B. A. C. Labor market outcomes are not affected by s, Which of the following people would be officially counted as unemployed? b) They have not looked for a job in 6 weeks, but they w, Which of the following is true? There is only cyclical unemployment in the economy. 20. b) A person who is not working is officially unemployed. Which of the following statements correctly describe discouraged workers? Full employment is natural unemployment minus 100%. All rights reserved. A) Establishing government-run employment agencie, Identify whether each of the following statements are positive or normative. a. b. The frictional unemployment rate is greater than the natural unemployment rate. b. It is possible to eliminate natural unemployment. B. underemployed workers are counted. Many German Soviets would later return to Germany after Germany was reunited and the Soviet Union collapsed. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. Unemployment closely tied to the business cycle, e.g. II. C. cyclical unemployment. A. A. a. d) There must be involuntary unemployment in an efficiency wage equilibrium. Labor unions have no effect on a nation's unemployment level. Which of the following statements are true regarding unemployment? 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The unemployment rate is equal to the natural rate of unemployment. c. Unemployment insurance increases the amount of. a. [1] b [2] a. The supply curve of labor shifts when the prevailing wage rate changes. (choose all that apply) a) They are counted as part of the labor force by the Bureau of Labor Statistics, Official unemployment statistics are more likely to understate the true unemployment problem when: a. people are not working or actively seeking work, but claim to be looking for work when asked by government surveyors. All unemployment is cyclical c. The unemployment rate is less than the natural unemployment rate d. There is no frictional unemployment. C) frictional, seasonal, and structural unemployment. Which of the following statements is true? Workers kept out of unionized jobs to move to other industries, increasing the labor. 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. If the unemployment rate falls from 6% to 5%: 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. ". All rights reserved. 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. B. will equal structural unemployment. A. (a) Slow growth. To be officially unemployed, a person has to be in the labor force. c) They are employed workers who. The doctrine helps raise labor hiring and firing costs, leading to lower unemployment rates. People who work at least one hour per week. a. Which of the following is true when the economy is at full employment? The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. A. a. An increase in the real production always implies that unemployment rate will decline. a. d. cyclical unemployment. B. 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? 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 recent years, the unemployment rate in every European country has been higher than the unemployment rate in the United States. CONCEPT Major Social Issues in the Early 21st Century Report an issue with this question 7 Choose the true statement about the consequences of Vietnamization. A. c. They are dissatisfied with th, The government sets an effective minimum wage for workers. There is only cyclical unemployment in the economy. A person working for the family business after school without pay. b) T, Which of the following statements is true about the natural rate of unemployment? Which of the following statements about the employment-at-will doctrine is TRUE? c) Unemployment c, Which of the following statements about the minimum wage is correct? b. Dell laid off many employees when the company's profits dropped during the recession. It reflects unemployment when an economy is in "full employment". B. structural unemployment. This is known as __________ and will cause AD to shift to the __________. b. -4%. The price is too high, sosuppliers want to produce less than consumers want. a. c. The natural unemployment rate is greater than the structural unem, Which of the following statements about unemployment is true? A person who is not working is officially unemployed. What defines a person as unemployed? a. Some unemployment will be present even when a dynamic labor ma. Which of the following is not included in the natural rate of unemployment? At P3, which statement is true? c) The U.S. labor market i, Which of the following characteristics relate to cyclical unemployment? ", Determine whether the following statement is positive or normative: "The unemployment rate should be lower. Learn the various types of unemployment. d. Consumption is smoother than output. 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? a) Employed: currently working for pay. b. The minimum wage is good because it raises wages for the working poor. Which of the following statements is correct regarding involuntary unemployment? C. It does not exist in developed economies. There is no cyclical unemployment in the economy. It is possible to eliminate natural unemployment. During a recession, one will often observe: a. aggregate output rising. No person is unemployed for whatever reason. A person who is not working is officially unemployed. b. There is no cyclical unemployment in the economy. B) Firms tend to decrease wages in periods of contracting economic activity to boost labor productivity. A U.S. software firm discharged 15 workers last month and transferred the work, Which of the following statements (if any) correctly describe discouraged workers? Which of the following are true of an economy operating below full employment? Zero, b. The actual unemployment rate is equal to the natural rate of unemployment. 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. 2. If demand becomes more elastic, which of the following will happen, as demonstrated by the graph shown here? a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Which of the following statements correctly describe discouraged workers? The actual unemployment rate can never be at the natural rate. The unemployment rate is equal to 0%. b. As a result. a) They have given up on looking for a job. marketing. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. During a recession, cyclical unemployment will be low. a. higher unemployment during a recession. C. the unemployment rate is above the natural rate of unemployment. B. Unions are becoming a greater influence in American labor markets. A. Identify the false statement(s). E. will equal the natural rate of unemployment. What is the natural unemployment rate? a. How many mo, 1) Which type of unemployment increased the most during the 2007-2009 recession? c. It is always present, even in a healthy economy. False 2. b. (b) The pricing policies of firms. Explain. d, Before the recession began, the U.S. unemployment rate was about 6%.

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