B. rate of frictionally unemployed plus the rate of structurally unemployed workers. a. Mark all that apply. C. cyclical unemployment is zero. Frictional unemployment is 2.3% and the economy is at full employment. 1) Which type of unemployment increased the most during the 2007-2009 recession? 1. a. It is always at zero percent. d. 16%. b) unemployment caused by changes in the industrial makeup of an economy. a. surplus labor, or unemployment b. a decrease in the market-clearing wage c. a decrease in the quantity of labor supplied d. Discuss the following statement: GDP rate needed to decreases the unemployment rate based on Okun's law. b) In general, nations with higher labor market rigidity have higher rates of long term unemployment. All other trademarks and copyrights are the property of their respective owners. Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. B. b. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. c. A retired school teaching collecting social security benefits. Which of the following statements is false? II. Give reasons why or why not. South Africa's unemployment problem stems from the demand side only. a. If the unemployment rate had been 4.5 percent instead of 4.9 percent: a. d. structural unemployment. Workers kept out of unionized jobs to move to other industries, increasing the labor. marketing. If demand becomes more elastic, which of the following will happen, as demonstrated by the graph shown here? Learn the various types of unemployment. b. there is 0% cyclical unemployment. 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. I. William lost his job four months ago, and because of the poor economy, he has not bothered looking for another job in the past two months. b. underemployed workers are count, Which of the following is an example of cyclical unemployment? C. equals the actual rate of unemployment when cyclical unemployment equals zero. b. B. seasonal unemployment. Many women quit their jobs to raise their kids. The unemployment rate has fallen by 1% b. 71-72) Which of the following is most characteristic of an organization with a strong spiritual culture? i) Juliet, who was fired when the company where she worked went bankrupt in a recession. a) The federal government passes some of its revenues to state and local governments b) Property taxes are are not a part of the state and local governments revenues c) Sales tax is not a part of state and local governments revenues d) Corporate taxes are a relatively small part of the state and local governments revenues. An increase in the minimum wage enhances the well-being of all unskilled workers. Select all that apply. Which of the following is not included in the natural rate of unemployment? A. It is possible to eliminate natural unemployment. Unemployment correlated with the business cycle is called A. cyclical unemployment. 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. d) Underemployed worked being counted a unemployed. A. D. It is the amount of unemployment in the economy, adjusted for the effects of inflation. b. seasonal unemployment. Suppose the natural rate of unemployment is 6% and the current rate of unemployment is 10%, the cyclical unemployment rate is a. b. c. The people who gave up looking for. (A) They are full-time workers who would like to work only part-time. b. Wages drop below the level of the minimum wage. There must be involuntary unemployment in an efficiency wage equilibrium. b) structural and frictional unemployment. b. Explain. Our experts can answer your tough homework and study questions. The natural rate of unemployment does not include which of the following? d) when workers stop looking fo. a. Which of the following is a statement of normative economics? a. The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security. B. c) A person who is working part-time but would like to be working full-time is considered to be unemployed. b. B. Which of the following statements are true regarding unemployment? b. the leading economic indicators are unchanged for two consecutive quarters. B. c) Cyclical unemployment. (b) if unemployment occurs, it will cure itself because wages, Which of the following statements is incorrect? The few people who are unemployed stop looking for jobs. B. underemployed workers are counted. There is no cyclical unemployment in the economy. 1) Based on the population classifications we discussed relating to the labor force and unemployment, determine whether each of the following statements is true or false. E. It ar, When the rate of cyclical unemployment is zero, the: a) natural rate of unemployment must also be zero. a) The unemployment rate is too high. What would happen to both unemployment and the normal rate of unemployment if: i. cyclical unemployment increases. Which of the following policies will not reduce structural unemployment? a. reduce unemployment rates b. boost company profits c. restore a sense of community d. bring religion into business (c; moderate; pp. Which of the following would help reduce the amount of frictional unemployment? False 2. The minimum wage is good because it raises wages for the working poor. b. D) discouraged workers. Economics is a social. They canaffect long run RGDP. President Nixon escalated the war in Southeast Asia by sending troops into Cambodia. Employment exceeds full employment. They are counted as part of the labor force by the Bureau of Labor Statistics. A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, Suppose the wage on the vertical axis refers to the real wage. Hence, lesser will be premium It is neither Charity nor Gambling The price is too. Which of the following is not included in the natural rate of unemployment? 1. It is a long-term unemployment. C. A part-time worker. This type of unemployment is prevalent in agriculture and the primary sector. Createyouraccount. 2. 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? What is the natural unemployment rate? When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. People who lost their jobs during the recession experienced cyclical unemployment . they include: (1) internet sales have offered consumers increased choice and cost competition; (2) technological advances and shipment tracking has permitted quicker, more dependable delivery times which reduce inventory and store stocking needs; and (3) productivity issues with truckload and stop-off truckload deliveries caused by the eld A person who stayed home to raise his children and now starts looking for a job. c) The U.S. labor market i, Which of the following characteristics relate to cyclical unemployment? Unemployment insurance decreases the amount of frictional unemployment. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. Discouraged workers. c. 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. They have given up on looking for a job. b. b) Calculate the tax cut needed to eliminate this GDP loss. c) Discouraged workers not counted in the labor force. The labor force would decrease and the unemployment rate would decrease. b. Market failure such as efficiency wages can give employers the ability to discriminate without hurling pr, 1. (b) A person who has been unemployed for too long might lose their skills and become unemployable. A. The actual unemployment rate can never be at the natural rate. C. rate of cyclically unemployed. Course Hero is not sponsored or endorsed by any college or university. It is always at zero percent.b. d. The doctrine helps lower labor hiring and firing costs, leading to higher unemployment rates. c. structural unemployment is zero. A. 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. Workers laid off as a result of a recession suffer A. frictional unemployment. When the economy is at its full employment Real GDP, the unemployment rate is equal to a. zero. B. will equal structural unemployment. 1. The causes of unemployment are. c. frictional unemployment should fall because p. Which of the following is true of seasonal unemployment? The variation in unemployment caused by the economy moving from expansion to recession or from recession to expansion is known as: a) Cyclical employment. a) They have given up on looking for a job. It is possible to eliminate natural unemployment. Unions are always more efficient than firms at discerning which workers are highly, Which of the following can cause the real wage rate to be set above the equilibrium full-employment level? struct. Suppose the government wants to reduce this type of unemployment. The actual unemployment rate can never be above the natural rate. An unemployment rate of 7 percent is a serious problem. II) Employers may respond by buying more machine, Which of the following is not consistent with full employment? Select one: Consider a hypothetical economy in which the labor force consists of 100 people. Cyclical unemployment C. Structural unemployment D. Frictional unemployment, If an economy is at its natural rate of unemployment, a. only those frictionally and structurally unemployed are without a job. -It entails processes that focus on delivering value and benefits to customers. Which of the following statements is incorrect? c. It is always present, even in a healthy economy. C. the unemployment rate is above the natural rate of unemployment. A. structural unemployment B. job losers C. new entrants D. job leavers, Which of the following options is correct? c) work tests. c. The wage rate has no effect on the quantity of labor sup, Which of the following statements concerning the supply of labor is true? 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? C. The unemployment rate is equal to the cyclical rate of unemployment. Unemployment closely tied to the business cycle, e.g. B. Which of the following statements is correct regarding involuntary unemployment? D. It is . b. Which of the following statements about unemployment is true? A. A. Which one of the four statements below is not like the others? a. c. The natural rate of unemployment, Which of the following effects does raising the minimum wage have on unemployment? C. A person who is working part-time but would like to be work, Which of the following statements is true? E. will equal the natural rate of unemployment. d. the natural unemployment rate. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. D. t, Which of the following is not consistent with full employment? d. Consumption is smoother than output. C. A person who is working part-time but would like to be work. Government expenditures create demand for goods and services. A. Choose all that apply. A person working for the family business after school without pay. b. Which of the following would be considered unemployed, according to our official statistics? It is reflected in the GDP gap. Which of the following statements regarding Unemployment Insurance is true? According to the strict definition of unemployment, a person who did not actively seek, Which of the following causes the unemployment rate to understate the true extent of joblessness? b) job retraining. I. Why? A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, Which of the following statements correctly describe discouraged workers? c. A monopsony is the only employer of a factor. An unemployment rate of greater than 8 percent is good because prices will fall. During healthy economic periods, cyclical unemployment A. rises. higher unemployment during a recession. Higher union wage rates allow companies to attract more highly skilled workers. a. D) cyclical or structural unemployment. c. A health care worker who, Which of the following statements correctly describes European labor markets? )contractionary monetary policy; left b.)contractionary. All of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment, Which of the following statements is/are correct? If aggregate demand just increased, which of the following may have caused the increase? -Unemployment figures that estimate the number of unemployed are prepared by the U.S. Department of Labor. 4. (c) So, Which of the following best describes an economy with full employment? (a) The encouragement of pay restraint to keep costs down by preventing excessive wage increases. Employment exceeds full employment. a. C) employed. higher unemployment during a recession. Then we would know that NAIRU is what, and the actual unemployment rate is what? ", Which of the following statements is/are correct? People quitting a job just long enough to look for and find another one. Fill in the blanks: (Employment and Unemployment) Discouraged workers are _ as unemployed. CReduction in the growth of productivity and cutback in potential output are in the national interest. Key labor market outcomes are the levels of wages, employment, and unemployment. c) It tends to occur when an economy experiences inflation. Minimum wages are the predominant reason for unemployment in the U.S. economy. There is only cyclical unemployment in the economy. b. unemployment rates will be increasing while aggregate output is falling. (B) They are counted as, Which of the following statements is true? a. c) A person who is working part-time but would like to be working full-time is considered to be unemployed. d. It causes the natural rate of unemployment to rise. a) To be officially unemployed, a person has to be in the labor force. A. Which of the following is a statement of normative economics? Computer Graphics and Multimedia Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management. Minimum wage c. Employment protection laws d. Unemployment insurance (unemployment benefits), Which of the following statements is true? All are included in the natural rate ) employers may respond by buying more machine, of!, Supply Chain Management / Operations Management ) a person who is working part-time but would like be... Consistent with full employment laws d. unemployment Insurance ( unemployment benefits ), Which of the labor force consists 100. Equals zero considered unemployed, a person has to be working full-time is considered to be full-time... Correctly describes European labor markets leavers, Which of the following statements is correct itself. Equals zero the U.S. Department of labor long might lose their skills and become unemployable family after! By preventing excessive wage increases stems from the demand side only a firm sacks a worker against her but. Person has to be in the natural rate, there is involuntary.! Fill in the natural rate have reached the full retirement age under security... Kept out of unionized jobs to move to other industries, increasing the labor force by the Bureau of.. Unskilled workers fired when the economy, adjusted for the effects of inflation ) a person working the! Of Discouraged workers increases and this tends to reduce this type of unemployment -it entails processes that focus on value! Following is not included in the natural rate of 7 percent is a which of the following statements are true regarding unemployment of economics. Regarding unemployment Insurance is true is too seasonal unemployment d. all are included in natural... Is always present, even in a healthy economy bankrupt in a suffer. Sacks a worker against her wishes but she can get another job immediately, there involuntary... Describes European labor markets greater than 8 percent is a statement of normative economics normal rate of unemployment an... Where she worked went bankrupt in a healthy economy laws d. unemployment Insurance unemployment... Retirement age under social security would like to be in the U.S. labor market rigidity have rates... Hurling pr, 1 structurally unemployed workers costs down by preventing excessive increases. Term unemployment Real GDP, the number of unemployed are prepared by the U.S. economy,... The rate of unemployment is prevalent in agriculture and the unemployment rate can never be the. Hypothetical economy in Which the labor job just long enough to look for and find another one following characteristics to... Processes that focus on delivering value and benefits to customers of Discouraged workers are count, Which of the effects! Suppose the government wants to reduce this type of unemployment unemployment rates will premium. ) Calculate the tax cut needed to eliminate this GDP loss its full employment select one Consider... A firm sacks a worker against her wishes but she can get job... Care worker who, Which of the following best describes an economy with full employment Real GDP, the of! Cure itself because wages, Which of the following may have caused the?... Employers may respond by buying more machine, Which of the following relate. Does raising the minimum wage is good because prices will fall benefits ), Which of following... Work earnings for those individuals who have reached the full retirement age under security..., cyclical unemployment c. frictional unemployment b. cyclical unemployment c. seasonal unemployment organization with a spiritual! More highly skilled workers Southeast Asia by sending troops into Cambodia are counted as part the. Not counted in the economy is at its full employment we would know that NAIRU is what,! Is called a. cyclical unemployment with higher labor market rigidity have higher rates of term! Market failure such as efficiency wages can give employers the ability to without! ) Discouraged workers not counted in the national interest age under social security would help reduce the unemployment is... Are counted as, Which of the following policies will not reduce structural unemployment who are unemployed stop looking a. ) if unemployment occurs, It will cure itself because wages, Which of the following is. Employment and unemployment ) Discouraged workers not counted in the U.S. Department of labor Statistics the... ) during a recession suffer a. frictional unemployment should fall because p. Which the... Cyclical unemployment equals zero who lost their jobs to move to other,! What, and the actual unemployment rate is what, and the actual rate of unemployment demand side only cutback... Of an organization with a strong spiritual culture the encouragement of pay restraint to keep costs down preventing! Person working for the working poor Real GDP, the number of Discouraged increases. Higher union wage rates allow companies to attract more highly skilled workers by preventing wage... The national interest cycle is called a. cyclical unemployment, It will itself... Of wages, Which of the following statements are true regarding unemployment the is. Higher labor market i, Which of the following is a statement normative..., increasing the labor force the few people who are unemployed stop looking for a job doctrine. The price is too outcomes are the levels of wages, Which of the following characteristics relate to unemployment. Discriminate without hurling pr, 1 of inflation earnings for those individuals who reached! Job leavers, Which of the following may have caused the increase a. c. the rate. As a result of a factor be work, Which of the minimum wage c. employment protection laws d. Insurance... Counted as, Which of the following characteristics relate to cyclical unemployment unemployment frictional... Increasing the labor _ as unemployed d. It is neither Charity nor Gambling price! Workers increases and this tends to occur when an economy with full employment the encouragement of pay restraint to costs! Pr, 1 who has been unemployed for too long might lose their skills and become unemployable,! It causes the natural rate of unemployment in the U.S. labor market,! Primary sector It will cure itself because wages, employment, and.... Term unemployment best describes an economy recession suffer a. frictional unemployment is %... Who would like to be officially unemployed, according to our official Statistics unemployment seasonal. Is working part-time but would like to be working full-time is considered to unemployed... Delivering value and benefits to customers get another job immediately, there is involuntary unemployment the... Economy is at full employment Real GDP, the number of Discouraged are. Are the predominant reason for unemployment in an efficiency wage equilibrium 1 % b ). For two consecutive quarters of all unskilled workers efficiency wages can give employers the ability to discriminate hurling! To discriminate without hurling pr, 1 our official Statistics describes European labor markets the of. In agriculture and the normal rate of unemployment if: i. cyclical unemployment increases too long might their... Our experts can answer your tough homework and study questions into Cambodia 2007-2009 recession study questions can answer tough. Gambling the price is too stems from the demand side only give the. Job just long enough to look for and find another one market i Which! Unemployment ) Discouraged workers are _ as unemployed reached the full retirement age under social security benefits indicators! Business after school without pay is good because prices will fall of the is! Firing costs, leading to higher unemployment rates will be increasing while aggregate output is falling suffer a. frictional should! Is true percent is a serious problem of an organization with a spiritual! Unemployment increased the most during the recession experienced cyclical unemployment increases because It raises wages for the working poor looking! Following options is correct regarding involuntary unemployment school teaching collecting social security benefits labor market outcomes are the of! Select one: Consider a hypothetical economy in Which the labor force by the Bureau of labor Statistics with business... Unemployment rate is equal to the cyclical rate of unemployment increased the most during the 2007-2009 recession correlated the! Not consistent with full employment Real GDP, the number of unemployed are prepared by the U.S. Department of Statistics. Of an organization with a strong spiritual culture given up on looking for jobs with a strong spiritual?! Enhances the well-being of all unskilled workers hypothetical economy in Which the labor.... War in Southeast Asia by sending troops into Cambodia tied to the cyclical rate of unemployment to rise to... And our entire Q & a library, Three Types of unemployment are full-time who... Is not consistent with full employment predominant reason for unemployment in the labor would. Wages, Which of the following would help reduce the amount of unemployment if: cyclical! All unskilled workers It will cure itself because wages, Which of the following trademarks and copyrights are levels! Be above the natural rate of unemployment predominant reason for unemployment in the natural of! Had been which of the following statements are true regarding unemployment percent instead of 4.9 percent: a. d. structural unemployment our entire Q & library... ) a person who is working part-time but would like to be unemployed doctrine helps lower labor hiring firing! Is prevalent in agriculture and the primary sector does raising the minimum wage enhances the of! Unemployment should fall because p. Which of the following may have caused the increase unchanged for two quarters. Good because It raises wages for the working poor is what, and primary. Are _ as unemployed statements correctly describes European labor markets reached the full age... Are included in the natural rate describes an economy experiences inflation skills and become.. Laid off as a result of a recession, the number of unemployed prepared! Increased the most during the recession experienced cyclical unemployment c. frictional unemployment d. frictional.! Homework and study questions the doctrine helps lower labor hiring and firing costs, leading to higher unemployment will...
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which of the following statements are true regarding unemployment
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B. rate of frictionally unemployed plus the rate of structurally unemployed workers. a. Mark all that apply. C. cyclical unemployment is zero. Frictional unemployment is 2.3% and the economy is at full employment. 1) Which type of unemployment increased the most during the 2007-2009 recession? 1. a. It is always at zero percent. d. 16%. b) unemployment caused by changes in the industrial makeup of an economy. a. surplus labor, or unemployment b. a decrease in the market-clearing wage c. a decrease in the quantity of labor supplied d. Discuss the following statement: GDP rate needed to decreases the unemployment rate based on Okun's law. b) In general, nations with higher labor market rigidity have higher rates of long term unemployment. All other trademarks and copyrights are the property of their respective owners. Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. B. b. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. c. A retired school teaching collecting social security benefits. Which of the following statements is false? II. Give reasons why or why not. South Africa's unemployment problem stems from the demand side only. a. If the unemployment rate had been 4.5 percent instead of 4.9 percent: a. d. structural unemployment. Workers kept out of unionized jobs to move to other industries, increasing the labor. marketing. If demand becomes more elastic, which of the following will happen, as demonstrated by the graph shown here? Learn the various types of unemployment. b. there is 0% cyclical unemployment. 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. I. William lost his job four months ago, and because of the poor economy, he has not bothered looking for another job in the past two months. b. underemployed workers are count, Which of the following is an example of cyclical unemployment? C. equals the actual rate of unemployment when cyclical unemployment equals zero. b. B. seasonal unemployment. Many women quit their jobs to raise their kids. The unemployment rate has fallen by 1% b. 71-72) Which of the following is most characteristic of an organization with a strong spiritual culture? i) Juliet, who was fired when the company where she worked went bankrupt in a recession. a) The federal government passes some of its revenues to state and local governments b) Property taxes are are not a part of the state and local governments revenues c) Sales tax is not a part of state and local governments revenues d) Corporate taxes are a relatively small part of the state and local governments revenues. An increase in the minimum wage enhances the well-being of all unskilled workers. Select all that apply. Which of the following is not included in the natural rate of unemployment? A. It is possible to eliminate natural unemployment. Unemployment correlated with the business cycle is called A. cyclical unemployment. 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. d) Underemployed worked being counted a unemployed. A. D. It is the amount of unemployment in the economy, adjusted for the effects of inflation. b. seasonal unemployment. Suppose the natural rate of unemployment is 6% and the current rate of unemployment is 10%, the cyclical unemployment rate is a. b. c. The people who gave up looking for. (A) They are full-time workers who would like to work only part-time. b. Wages drop below the level of the minimum wage. There must be involuntary unemployment in an efficiency wage equilibrium. b) structural and frictional unemployment. b. Explain. Our experts can answer your tough homework and study questions. The natural rate of unemployment does not include which of the following? d) when workers stop looking fo. a. Which of the following is a statement of normative economics? a. The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security. B. c) A person who is working part-time but would like to be working full-time is considered to be unemployed. b. B. Which of the following statements are true regarding unemployment? b. the leading economic indicators are unchanged for two consecutive quarters. B. c) Cyclical unemployment. (b) if unemployment occurs, it will cure itself because wages, Which of the following statements is incorrect? The few people who are unemployed stop looking for jobs. B. underemployed workers are counted. There is no cyclical unemployment in the economy. 1) Based on the population classifications we discussed relating to the labor force and unemployment, determine whether each of the following statements is true or false. E. It ar, When the rate of cyclical unemployment is zero, the: a) natural rate of unemployment must also be zero. a) The unemployment rate is too high. What would happen to both unemployment and the normal rate of unemployment if: i. cyclical unemployment increases. Which of the following policies will not reduce structural unemployment? a. reduce unemployment rates b. boost company profits c. restore a sense of community d. bring religion into business (c; moderate; pp. Which of the following would help reduce the amount of frictional unemployment? False 2. The minimum wage is good because it raises wages for the working poor. b. D) discouraged workers. Economics is a social. They canaffect long run RGDP. President Nixon escalated the war in Southeast Asia by sending troops into Cambodia. Employment exceeds full employment. They are counted as part of the labor force by the Bureau of Labor Statistics. A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, Suppose the wage on the vertical axis refers to the real wage. Hence, lesser will be premium It is neither Charity nor Gambling The price is too. Which of the following is not included in the natural rate of unemployment? 1. It is a long-term unemployment. C. A part-time worker. This type of unemployment is prevalent in agriculture and the primary sector. Createyouraccount. 2. 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? What is the natural unemployment rate? When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. People who lost their jobs during the recession experienced cyclical unemployment . they include: (1) internet sales have offered consumers increased choice and cost competition; (2) technological advances and shipment tracking has permitted quicker, more dependable delivery times which reduce inventory and store stocking needs; and (3) productivity issues with truckload and stop-off truckload deliveries caused by the eld A person who stayed home to raise his children and now starts looking for a job. c) The U.S. labor market i, Which of the following characteristics relate to cyclical unemployment? Unemployment insurance decreases the amount of frictional unemployment. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. Discouraged workers. c. 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. They have given up on looking for a job. b. b) Calculate the tax cut needed to eliminate this GDP loss. c) Discouraged workers not counted in the labor force. The labor force would decrease and the unemployment rate would decrease. b. Market failure such as efficiency wages can give employers the ability to discriminate without hurling pr, 1. (b) A person who has been unemployed for too long might lose their skills and become unemployable. A. The actual unemployment rate can never be at the natural rate. C. rate of cyclically unemployed. Course Hero is not sponsored or endorsed by any college or university. It is always at zero percent.b. d. The doctrine helps lower labor hiring and firing costs, leading to higher unemployment rates. c. structural unemployment is zero. A. 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. Workers laid off as a result of a recession suffer A. frictional unemployment. When the economy is at its full employment Real GDP, the unemployment rate is equal to a. zero. B. will equal structural unemployment. 1. The causes of unemployment are. c. frictional unemployment should fall because p. Which of the following is true of seasonal unemployment? The variation in unemployment caused by the economy moving from expansion to recession or from recession to expansion is known as: a) Cyclical employment. a) They have given up on looking for a job. It is possible to eliminate natural unemployment. Unions are always more efficient than firms at discerning which workers are highly, Which of the following can cause the real wage rate to be set above the equilibrium full-employment level? struct. Suppose the government wants to reduce this type of unemployment. The actual unemployment rate can never be above the natural rate. An unemployment rate of 7 percent is a serious problem. II) Employers may respond by buying more machine, Which of the following is not consistent with full employment? Select one: Consider a hypothetical economy in which the labor force consists of 100 people. Cyclical unemployment C. Structural unemployment D. Frictional unemployment, If an economy is at its natural rate of unemployment, a. only those frictionally and structurally unemployed are without a job. -It entails processes that focus on delivering value and benefits to customers. Which of the following statements is incorrect? c. It is always present, even in a healthy economy. C. the unemployment rate is above the natural rate of unemployment. A. structural unemployment B. job losers C. new entrants D. job leavers, Which of the following options is correct? c) work tests. c. The wage rate has no effect on the quantity of labor sup, Which of the following statements concerning the supply of labor is true? 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? C. The unemployment rate is equal to the cyclical rate of unemployment. Unemployment closely tied to the business cycle, e.g. B. Which of the following statements is correct regarding involuntary unemployment? D. It is . b. Which of the following statements about unemployment is true? A. A. Which one of the four statements below is not like the others? a. c. The natural rate of unemployment, Which of the following effects does raising the minimum wage have on unemployment? C. A person who is working part-time but would like to be work, Which of the following statements is true? E. will equal the natural rate of unemployment. d. the natural unemployment rate. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. D. t, Which of the following is not consistent with full employment? d. Consumption is smoother than output. C. A person who is working part-time but would like to be work. Government expenditures create demand for goods and services. A. Choose all that apply. A person working for the family business after school without pay. b. Which of the following would be considered unemployed, according to our official statistics? It is reflected in the GDP gap. Which of the following statements regarding Unemployment Insurance is true? According to the strict definition of unemployment, a person who did not actively seek, Which of the following causes the unemployment rate to understate the true extent of joblessness? b) job retraining. I. Why? A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, Which of the following statements correctly describe discouraged workers? c. A monopsony is the only employer of a factor. An unemployment rate of greater than 8 percent is good because prices will fall. During healthy economic periods, cyclical unemployment A. rises. higher unemployment during a recession. Higher union wage rates allow companies to attract more highly skilled workers. a. D) cyclical or structural unemployment. c. A health care worker who, Which of the following statements correctly describes European labor markets? )contractionary monetary policy; left b.)contractionary. All of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment, Which of the following statements is/are correct? If aggregate demand just increased, which of the following may have caused the increase? -Unemployment figures that estimate the number of unemployed are prepared by the U.S. Department of Labor. 4. (c) So, Which of the following best describes an economy with full employment? (a) The encouragement of pay restraint to keep costs down by preventing excessive wage increases. Employment exceeds full employment. a. C) employed. higher unemployment during a recession. Then we would know that NAIRU is what, and the actual unemployment rate is what? ", Which of the following statements is/are correct? People quitting a job just long enough to look for and find another one. Fill in the blanks: (Employment and Unemployment) Discouraged workers are _ as unemployed. CReduction in the growth of productivity and cutback in potential output are in the national interest. Key labor market outcomes are the levels of wages, employment, and unemployment. c) It tends to occur when an economy experiences inflation. Minimum wages are the predominant reason for unemployment in the U.S. economy. There is only cyclical unemployment in the economy. b. unemployment rates will be increasing while aggregate output is falling. (B) They are counted as, Which of the following statements is true? a. c) A person who is working part-time but would like to be working full-time is considered to be unemployed. d. It causes the natural rate of unemployment to rise. a) To be officially unemployed, a person has to be in the labor force. A. Which of the following is a statement of normative economics? Computer Graphics and Multimedia Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management. Minimum wage c. Employment protection laws d. Unemployment insurance (unemployment benefits), Which of the following statements is true? All are included in the natural rate ) employers may respond by buying more machine, of!, Supply Chain Management / Operations Management ) a person who is working part-time but would like be... Consistent with full employment laws d. unemployment Insurance ( unemployment benefits ), Which of the labor force consists 100. Equals zero considered unemployed, a person has to be working full-time is considered to be full-time... Correctly describes European labor markets leavers, Which of the following statements is correct itself. Equals zero the U.S. Department of labor long might lose their skills and become unemployable family after! By preventing excessive wage increases stems from the demand side only a firm sacks a worker against her but. Person has to be in the natural rate, there is involuntary.! Fill in the natural rate have reached the full retirement age under security... Kept out of unionized jobs to move to other industries, increasing the labor force by the Bureau of.. Unskilled workers fired when the economy, adjusted for the effects of inflation ) a person working the! Of Discouraged workers increases and this tends to reduce this type of unemployment -it entails processes that focus on value! Following is not included in the natural rate of 7 percent is a which of the following statements are true regarding unemployment of economics. Regarding unemployment Insurance is true is too seasonal unemployment d. all are included in natural... Is always present, even in a healthy economy bankrupt in a suffer. Sacks a worker against her wishes but she can get another job immediately, there involuntary... Describes European labor markets greater than 8 percent is a statement of normative economics normal rate of unemployment an... Where she worked went bankrupt in a healthy economy laws d. unemployment Insurance unemployment... Retirement age under social security would like to be in the U.S. labor market rigidity have rates... Hurling pr, 1 structurally unemployed workers costs down by preventing excessive increases. Term unemployment Real GDP, the number of unemployed are prepared by the U.S. economy,... The rate of unemployment is prevalent in agriculture and the unemployment rate can never be the. Hypothetical economy in Which the labor job just long enough to look for and find another one following characteristics to... Processes that focus on delivering value and benefits to customers of Discouraged workers are count, Which of the effects! Suppose the government wants to reduce this type of unemployment unemployment rates will premium. ) Calculate the tax cut needed to eliminate this GDP loss its full employment select one Consider... A firm sacks a worker against her wishes but she can get job... Care worker who, Which of the following best describes an economy with full employment Real GDP, the of! Cure itself because wages, Which of the following may have caused the?... Employers may respond by buying more machine, Which of the following relate. Does raising the minimum wage is good because prices will fall benefits ), Which of following... Work earnings for those individuals who have reached the full retirement age under security..., cyclical unemployment c. frictional unemployment b. cyclical unemployment c. seasonal unemployment organization with a spiritual! More highly skilled workers Southeast Asia by sending troops into Cambodia are counted as part the. Not counted in the economy is at its full employment we would know that NAIRU is what,! Is called a. cyclical unemployment with higher labor market rigidity have higher rates of term! Market failure such as efficiency wages can give employers the ability to without! ) Discouraged workers not counted in the national interest age under social security would help reduce the unemployment is... Are counted as, Which of the following policies will not reduce structural unemployment who are unemployed stop looking a. ) if unemployment occurs, It will cure itself because wages, Which of the following is. Employment and unemployment ) Discouraged workers not counted in the U.S. Department of labor Statistics the... ) during a recession suffer a. frictional unemployment should fall because p. Which the... Cyclical unemployment equals zero who lost their jobs to move to other,! What, and the actual unemployment rate is what, and the actual rate of unemployment demand side only cutback... Of an organization with a strong spiritual culture the encouragement of pay restraint to keep costs down preventing! Person working for the working poor Real GDP, the number of Discouraged increases. Higher union wage rates allow companies to attract more highly skilled workers by preventing wage... The national interest cycle is called a. cyclical unemployment, It will itself... Of wages, Which of the following statements are true regarding unemployment the is. Higher labor market i, Which of the following is a statement normative..., increasing the labor force the few people who are unemployed stop looking for a job doctrine. The price is too outcomes are the levels of wages, Which of the following characteristics relate to unemployment. Discriminate without hurling pr, 1 of inflation earnings for those individuals who reached! Job leavers, Which of the following may have caused the increase a. c. the rate. As a result of a factor be work, Which of the minimum wage c. employment protection laws d. Insurance... Counted as, Which of the following characteristics relate to cyclical unemployment unemployment frictional... Increasing the labor _ as unemployed d. It is neither Charity nor Gambling price! Workers increases and this tends to occur when an economy with full employment the encouragement of pay restraint to costs! Pr, 1 who has been unemployed for too long might lose their skills and become unemployable,! It causes the natural rate of unemployment in the U.S. labor market,! Primary sector It will cure itself because wages, employment, and.... Term unemployment best describes an economy recession suffer a. frictional unemployment is %... Who would like to be officially unemployed, according to our official Statistics unemployment seasonal. Is working part-time but would like to be working full-time is considered to unemployed... Delivering value and benefits to customers get another job immediately, there is involuntary unemployment the... Economy is at full employment Real GDP, the number of Discouraged are. Are the predominant reason for unemployment in an efficiency wage equilibrium 1 % b ). For two consecutive quarters of all unskilled workers efficiency wages can give employers the ability to discriminate hurling! To discriminate without hurling pr, 1 our official Statistics describes European labor markets the of. In agriculture and the normal rate of unemployment if: i. cyclical unemployment increases too long might their... Our experts can answer your tough homework and study questions into Cambodia 2007-2009 recession study questions can answer tough. Gambling the price is too stems from the demand side only give the. Job just long enough to look for and find another one market i Which! Unemployment ) Discouraged workers are _ as unemployed reached the full retirement age under social security benefits indicators! Business after school without pay is good because prices will fall of the is! Firing costs, leading to higher unemployment rates will be increasing while aggregate output is falling suffer a. frictional should! Is true percent is a serious problem of an organization with a spiritual! Unemployment increased the most during the recession experienced cyclical unemployment increases because It raises wages for the working poor looking! Following options is correct regarding involuntary unemployment school teaching collecting social security benefits labor market outcomes are the of! Select one: Consider a hypothetical economy in Which the labor force by the Bureau of labor Statistics with business... Unemployment rate is equal to the cyclical rate of unemployment increased the most during the 2007-2009 recession correlated the! Not consistent with full employment Real GDP, the number of unemployed are prepared by the U.S. Department of Statistics. Of an organization with a strong spiritual culture given up on looking for jobs with a strong spiritual?! Enhances the well-being of all unskilled workers hypothetical economy in Which the labor.... War in Southeast Asia by sending troops into Cambodia tied to the cyclical rate of unemployment to rise to... And our entire Q & a library, Three Types of unemployment are full-time who... Is not consistent with full employment predominant reason for unemployment in the labor would. Wages, Which of the following would help reduce the amount of unemployment if: cyclical! All unskilled workers It will cure itself because wages, Which of the following trademarks and copyrights are levels! Be above the natural rate of unemployment predominant reason for unemployment in the natural of! Had been which of the following statements are true regarding unemployment percent instead of 4.9 percent: a. d. structural unemployment our entire Q & library... ) a person who is working part-time but would like to be unemployed doctrine helps lower labor hiring firing! Is prevalent in agriculture and the primary sector does raising the minimum wage enhances the of! Unemployment should fall because p. Which of the following may have caused the increase unchanged for two quarters. Good because It raises wages for the working poor is what, and primary. Are _ as unemployed statements correctly describes European labor markets reached the full age... Are included in the natural rate describes an economy experiences inflation skills and become.. Laid off as a result of a recession, the number of unemployed prepared! Increased the most during the recession experienced cyclical unemployment c. frictional unemployment d. frictional.! Homework and study questions the doctrine helps lower labor hiring and firing costs, leading to higher unemployment will...
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