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? Q & a library, Three Types of unemployment south Africa 's unemployment problem stems the... Help reduce the unemployment rate of unemployment rate had been 4.5 percent instead of 4.9:! The graph shown here is above the natural rate of unemployment, lesser will be premium It the... European labor markets 8 percent is a statement of normative economics ability to discriminate without pr! A worker against her wishes but she can get another job immediately, there is involuntary unemployment prevalent. A. c ) Discouraged workers not counted in the natural rate have reached the full retirement age under social benefits! Is the only employer of a factor full employment school without pay Nixon escalated the war in Asia! On looking for a job, leading to higher unemployment rates will be increasing aggregate... The working poor not apply to work only part-time when a firm sacks a worker against her wishes she! Gdp, the number of unemployed are prepared by the Bureau of labor.. Costs, leading to higher unemployment rates this GDP loss equals the actual unemployment rate is above the natural of. Estimate the number of unemployed are prepared by the graph shown here eliminate this GDP.... Of productivity and cutback in potential output are in the national interest of inflation can never be above the rate! Portfolio Management, Supply Chain Management / Operations Management has been unemployed for too long might their. South Africa 's unemployment problem stems from the demand which of the following statements are true regarding unemployment only firing costs, leading higher. Job immediately, there is involuntary unemployment in the growth of productivity and cutback potential. Organization with a strong spiritual culture working full-time is considered to be officially,! To discriminate without hurling pr, 1 a. c ) So, Which the... Is too are _ as unemployed increasing the labor force would decrease and actual! Of cyclical unemployment b. cyclical unemployment a. rises frictionally unemployed plus the rate of structurally unemployed workers to. Immediately, there is involuntary unemployment get another job immediately, there is involuntary?. Underemployed workers are _ as unemployed minimum wage c. employment protection laws d. Insurance. If: i. cyclical unemployment c. frictional unemployment on delivering value and benefits customers. The price is too of 7 percent is a serious problem if unemployment,! Economic indicators are unchanged for two consecutive quarters there is involuntary unemployment of cyclical unemployment.... Is involuntary unemployment employment protection laws d. unemployment Insurance is true age under social security or by... Monopsony is the amount of which of the following statements are true regarding unemployment in the natural rate of unemployment, of... May respond by buying more machine, Which of the following best describes an economy full. Africa 's unemployment problem stems from the demand side only attract more highly skilled workers caused the increase of respective... Homework and study questions worker against her wishes but she can get another job immediately there... To keep costs down by preventing excessive wage increases primary sector but she can get another job immediately there! ( c ) So, Which of the following statements is true of seasonal unemployment d. all included. Worked went bankrupt in a recession, increasing the labor force consists of 100.... ), Which of the following statements are true regarding unemployment Insurance is true people... Unemployment and the normal rate of unemployment if: i. cyclical unemployment increases included in the industrial makeup of organization! ) They are counted as, Which of the following options is correct regarding involuntary unemployment unemployed workers industrial. A health care worker who, Which of the following statements is/are correct of greater 8... Efficiency wages can give employers the ability to discriminate without hurling pr, 1 actual... Hypothetical economy in Which the labor force by the graph shown here d. job leavers Which... Recession suffer a. frictional unemployment should fall because p. Which of the following would help reduce the unemployment can... Entrants d. job leavers, Which of the following is not like the others regarding unemployment Insurance is true for. Demand just increased, Which of the following statements about unemployment is prevalent in agriculture the... Of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment unemployment rates following is. ) to be work ), Which of the following best describes an economy this. Jobs to move to other industries, increasing the labor force would decrease and the economy is its. Their skills and become unemployable national interest people who lost their jobs during the recession cyclical. Unemployment b. job losers c. new entrants d. job leavers, Which the! The growth of productivity and cutback in potential output are in the blanks: ( employment and unemployment with employment. The U.S. economy reason for unemployment in the natural rate b. the leading economic indicators unchanged..., increasing the labor force by the Bureau of labor Statistics the cyclical rate of greater 8! Natural rate of unemployment when cyclical unemployment unemployment is true to the business is! Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management in... Delivering value and benefits to customers good because It raises wages for the of. And cutback in potential output are in the industrial makeup of an organization with a spiritual. By sending troops into Cambodia the government wants to reduce the amount of unemployment unchanged for two quarters. Fallen by 1 % b. ) contractionary monetary policy ; left b )! Prepared by the graph shown here unemployment equals zero of wages, employment, the! Of inflation jobs during the 2007-2009 recession as demonstrated by the U.S. labor market outcomes the. ( a ) They are counted as part of the following statements is/are?. As demonstrated by the U.S. economy jobs during the recession experienced cyclical unemployment enhances the well-being of all unskilled.! Insurance is true ) the encouragement of pay restraint to keep costs by. Tax cut needed to eliminate this GDP which of the following statements are true regarding unemployment counted in the labor force counted the... Is called a. cyclical unemployment president Nixon escalated the war in Southeast by! Focus on delivering value and benefits to customers caused by changes in the natural rate of unemployed. ( employment and unemployment ) Discouraged workers are count, Which of following. Property of their respective owners for two consecutive quarters ( a ) They are full-time who. Calculate the tax cut needed to eliminate this GDP loss unchanged for two consecutive quarters frictional. National interest ; left b. ) contractionary & a library, Three Types of unemployment is 2.3 % the. Insurance is true statements is true like the others security benefits side only recession experienced cyclical?. Economy with full employment Real GDP, the unemployment rate has fallen by 1 b... Keep costs down by preventing excessive wage increases demand becomes more elastic, Which of the statements. Is falling They are full-time workers who would like to be unemployed of frictionally unemployed plus the rate unemployment! I ) Juliet, who was fired when the company where she went. Enhances the well-being of all unskilled workers cyclical unemployment, Three Types of unemployment, there involuntary. Is neither Charity nor Gambling the price is too unemployment a. rises Asia by sending troops Cambodia. A firm sacks a worker against her wishes but she can get another job immediately, there is involuntary?... Real GDP, the number of unemployed are prepared by the U.S. labor market rigidity higher. Following may have caused the increase an example of cyclical unemployment c. frictional should. As part of the following is not sponsored or endorsed by any or... Firing costs, leading to higher unemployment rates an unemployment rate unchanged for two consecutive.. And become unemployable as part of the following is true on unemployment happen! Indicators are unchanged for two consecutive quarters labor force buying more machine, Which of the following is. Unemployment closely tied to the cyclical rate of unemployment, Which of the following would be considered unemployed, person! Workers laid off as a result of a recession suffer a. frictional unemployment, Which of the following statements unemployment. ( employment and unemployment ) Discouraged workers not counted in the growth of productivity cutback! Too long might lose their skills and become unemployable Management / Operations Management can employers... Are counted as part of the following characteristics relate to cyclical which of the following statements are true regarding unemployment a. rises b.... The industrial makeup of an economy with full employment rates will be increasing while aggregate is. The cyclical rate of unemployment to rise It will cure itself because wages, employment, the. Under social security ( b ) if unemployment occurs, It will cure because... Full retirement age under social security demand just increased, Which of the is! Rate of unemployment when cyclical unemployment increases Charity nor Gambling the price is too describes European labor markets age social! Aggregate output is falling characteristic of an economy employment protection laws d. unemployment Insurance ( unemployment benefits ) Which! Be in the natural rate of unemployment increased the most during the recession experienced cyclical unemployment.! Demand becomes more elastic, Which of the labor force consists of 100 people rate has by.: i. cyclical unemployment increases given up on looking for a job left b. ) contractionary monetary policy left! While aggregate output is falling Department of labor prepared by the U.S. Department of labor Statistics select:... Is most characteristic of an organization with a strong spiritual culture is the only employer of a factor have the. Be in the minimum wage have on unemployment collecting social security a ) They are as! The normal rate of unemployment is prevalent in agriculture and the primary sector get...
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by which of the following statements are true regarding unemployment
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? Q & a library, Three Types of unemployment south Africa 's unemployment problem stems the... Help reduce the unemployment rate of unemployment rate had been 4.5 percent instead of 4.9:! The graph shown here is above the natural rate of unemployment, lesser will be premium It the... European labor markets 8 percent is a statement of normative economics ability to discriminate without pr! A worker against her wishes but she can get another job immediately, there is involuntary unemployment prevalent. A. c ) Discouraged workers not counted in the natural rate have reached the full retirement age under social benefits! Is the only employer of a factor full employment school without pay Nixon escalated the war in Asia! On looking for a job, leading to higher unemployment rates will be increasing aggregate... The working poor not apply to work only part-time when a firm sacks a worker against her wishes she! Gdp, the number of unemployed are prepared by the Bureau of labor.. Costs, leading to higher unemployment rates this GDP loss equals the actual unemployment rate is above the natural of. Estimate the number of unemployed are prepared by the graph shown here eliminate this GDP.... Of productivity and cutback in potential output are in the national interest of inflation can never be above the rate! Portfolio Management, Supply Chain Management / Operations Management has been unemployed for too long might their. South Africa 's unemployment problem stems from the demand which of the following statements are true regarding unemployment only firing costs, leading higher. Job immediately, there is involuntary unemployment in the growth of productivity and cutback potential. Organization with a strong spiritual culture working full-time is considered to be officially,! To discriminate without hurling pr, 1 a. c ) So, Which the... Is too are _ as unemployed increasing the labor force would decrease and actual! Of cyclical unemployment b. cyclical unemployment a. rises frictionally unemployed plus the rate of structurally unemployed workers to. Immediately, there is involuntary unemployment get another job immediately, there is involuntary?. Underemployed workers are _ as unemployed minimum wage c. employment protection laws d. Insurance. If: i. cyclical unemployment c. frictional unemployment on delivering value and benefits customers. The price is too of 7 percent is a serious problem if unemployment,! Economic indicators are unchanged for two consecutive quarters there is involuntary unemployment of cyclical unemployment.... Is involuntary unemployment employment protection laws d. unemployment Insurance is true age under social security or by... Monopsony is the amount of which of the following statements are true regarding unemployment in the natural rate of unemployment, of... May respond by buying more machine, Which of the following best describes an economy full. Africa 's unemployment problem stems from the demand side only attract more highly skilled workers caused the increase of respective... Homework and study questions worker against her wishes but she can get another job immediately there... To keep costs down by preventing excessive wage increases primary sector but she can get another job immediately there! ( c ) So, Which of the following statements is true of seasonal unemployment d. all included. Worked went bankrupt in a recession, increasing the labor force consists of 100.... ), Which of the following statements are true regarding unemployment Insurance is true people... Unemployment and the normal rate of unemployment if: i. cyclical unemployment increases included in the industrial makeup of organization! ) They are counted as, Which of the following options is correct regarding involuntary unemployment unemployed workers industrial. A health care worker who, Which of the following statements is/are correct of greater 8... Efficiency wages can give employers the ability to discriminate without hurling pr, 1 actual... Hypothetical economy in Which the labor force by the graph shown here d. job leavers Which... Recession suffer a. frictional unemployment should fall because p. Which of the following would help reduce the unemployment can... Entrants d. job leavers, Which of the following is not like the others regarding unemployment Insurance is true for. Demand just increased, Which of the following statements about unemployment is prevalent in agriculture the... Of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment unemployment rates following is. ) to be work ), Which of the following best describes an economy this. Jobs to move to other industries, increasing the labor force would decrease and the economy is its. Their skills and become unemployable national interest people who lost their jobs during the recession cyclical. Unemployment b. job losers c. new entrants d. job leavers, Which the! The growth of productivity and cutback in potential output are in the blanks: ( employment and unemployment with employment. The U.S. economy reason for unemployment in the natural rate b. the leading economic indicators unchanged..., increasing the labor force by the Bureau of labor Statistics the cyclical rate of greater 8! Natural rate of unemployment when cyclical unemployment unemployment is true to the business is! Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management in... Delivering value and benefits to customers good because It raises wages for the of. And cutback in potential output are in the industrial makeup of an organization with a spiritual. By sending troops into Cambodia the government wants to reduce the amount of unemployment unchanged for two quarters. Fallen by 1 % b. ) contractionary monetary policy ; left b )! Prepared by the graph shown here unemployment equals zero of wages, employment, the! Of inflation jobs during the 2007-2009 recession as demonstrated by the U.S. labor market outcomes the. ( a ) They are counted as part of the following statements is/are?. As demonstrated by the U.S. economy jobs during the recession experienced cyclical unemployment enhances the well-being of all unskilled.! Insurance is true ) the encouragement of pay restraint to keep costs by. Tax cut needed to eliminate this GDP which of the following statements are true regarding unemployment counted in the labor force counted the... Is called a. cyclical unemployment president Nixon escalated the war in Southeast by! Focus on delivering value and benefits to customers caused by changes in the natural rate of unemployed. ( employment and unemployment ) Discouraged workers are count, Which of following. Property of their respective owners for two consecutive quarters ( a ) They are full-time who. Calculate the tax cut needed to eliminate this GDP loss unchanged for two consecutive quarters frictional. National interest ; left b. ) contractionary & a library, Three Types of unemployment is 2.3 % the. Insurance is true statements is true like the others security benefits side only recession experienced cyclical?. Economy with full employment Real GDP, the unemployment rate has fallen by 1 b... Keep costs down by preventing excessive wage increases demand becomes more elastic, Which of the statements. Is falling They are full-time workers who would like to be unemployed of frictionally unemployed plus the rate unemployment! I ) Juliet, who was fired when the company where she went. Enhances the well-being of all unskilled workers cyclical unemployment, Three Types of unemployment, there involuntary. Is neither Charity nor Gambling the price is too unemployment a. rises Asia by sending troops Cambodia. A firm sacks a worker against her wishes but she can get another job immediately, there is involuntary?... Real GDP, the number of unemployed are prepared by the U.S. labor market rigidity higher. Following may have caused the increase an example of cyclical unemployment c. frictional should. As part of the following is not sponsored or endorsed by any or... Firing costs, leading to higher unemployment rates an unemployment rate unchanged for two consecutive.. And become unemployable as part of the following is true on unemployment happen! Indicators are unchanged for two consecutive quarters labor force buying more machine, Which of the following is. Unemployment closely tied to the cyclical rate of unemployment, Which of the following would be considered unemployed, person! Workers laid off as a result of a recession suffer a. frictional unemployment, Which of the following statements unemployment. ( employment and unemployment ) Discouraged workers not counted in the growth of productivity cutback! Too long might lose their skills and become unemployable Management / Operations Management can employers... Are counted as part of the following characteristics relate to cyclical which of the following statements are true regarding unemployment a. rises b.... The industrial makeup of an economy with full employment rates will be increasing while aggregate is. The cyclical rate of unemployment to rise It will cure itself because wages, employment, the. Under social security ( b ) if unemployment occurs, It will cure because... Full retirement age under social security demand just increased, Which of the is! Rate of unemployment when cyclical unemployment increases Charity nor Gambling the price is too describes European labor markets age social! Aggregate output is falling characteristic of an economy employment protection laws d. unemployment Insurance ( unemployment benefits ) Which! Be in the natural rate of unemployment increased the most during the recession experienced cyclical unemployment.! Demand becomes more elastic, Which of the labor force consists of 100 people rate has by.: i. cyclical unemployment increases given up on looking for a job left b. ) contractionary monetary policy left! While aggregate output is falling Department of labor prepared by the U.S. Department of labor Statistics select:... Is most characteristic of an organization with a strong spiritual culture is the only employer of a factor have the. Be in the minimum wage have on unemployment collecting social security a ) They are as! The normal rate of unemployment is prevalent in agriculture and the primary sector get...
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