c) The government should extend unemployment benefits. a. (c) Unemployment. 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? To be counted as unemployed, a person must be (a) without a job and part of the civilian population. c. Unemployment exceeds the nat, Cyclical unemployment refers to A. changes in unemployment due to changes in the natural rate of unemployment. Full employment means that the transaction costs associated with getting a job are zero. (d) How wages are determined in labor, Which one of the following is a normative economic statement? Mark all that apply. B. -When unemployment is increasing, it is a sign of a recession. Interviewing a wide variety of candidates to ensure a diverse workforce b. a. The natural unemployment rate is the unemployment rate that exists when there is no A) structural unemployment. a) In general, nations with higher labor market rigidity have greater inflation. c. cyclical unemployment. b. b. (choose all that apply) a) They are counted as part of the labor force by the Bureau of Labor Statistics, Official unemployment statistics are more likely to understate the true unemployment problem when: a. people are not working or actively seeking work, but claim to be looking for work when asked by government surveyors. Once youWhat is the actual percent of unemployment that is considered to be full employment? Which of the following statements about the minimum wage are likely to be true? An economy is producing its Natural Real GDP when the rate of unemployment is equal to the ________ unemployment rate. Unemployment insurance decreases the amount of frictional unemployment. Which of the following is true? higher unemployment during a recession. 5 Which of the following statements are true regarding unemployment? A general downturn in the economy. c. Unemployment exceeds the nat. Consumer confidence can be volatile and inconsistent over time. c. Unemployment insurance increases the amount of. A teenage worker is more likely to be unemployed than an older worker. a. Unemployment/Full Employment - Frictional / Structural / Cyclical. B. 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) 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? Full employment is natural unemployment minus 100%. It is possible to eliminate natural unemployment. b. A. Unemployment that results from business recessions that occur when aggregate demand is insufficient to create full employment is: a. cyclical unemployment b. frictional unemployment c. structural unemployment d. seasonal unemployment. B. Which of the following statements are true regarding unemployment? During a recession, cyclical unemployment will be low. b. Choose all that apply. The seasonal unemployment rate c. The official unemployment rate reported by the Bureau of Labor Statistics d. The cyclical unemployment rate, In 2016, there were approximately 159.2 million people in the labor force and the unemployment rate was 4.9 percent. Discover three exceptions to employment-at-will and participating states. B. underemployed workers are counted. c. a. 1. Which of the following is a statement of normative economics? A) 0.4% B) - 0.6% C) - 4.5% D) 4.5% E) 10%. There is only cyclical unemployment in the economy. All rights reserved. ", Which of the following is an example of an active labor market policy? D. It is . A full-time college student. Which of the following statements are true regarding unemployment? They canaffect long run RGDP. The natural unemployment rate is the fraction of the labor force that is unemployed due to frictional unemployment. b. unemployment rates will be increasing while aggregate output is falling. c. Unemployment insurance increases the amount of. Which of the following statements is false? Which of the following policies would help achieve this goal? a. b. They represent the difference between tax revenue and government expenditures. Structural unemployment increases b. Which of the following is not included in the natural rate of unemployment? The United States assumed total responsibility for the . ANS: D d. B. See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. B. Frictional unemployment results from the process of matching workers and jobs. c) The U.S. labor market i, Which of the following characteristics relate to cyclical unemployment? c. The minimum wage reduces the number of jobs for less skilled workers. Someone who quits a part-time job to attend school full-time. Hi, we want to post a public statement regarding a former business partner who has provably spent user-funds (embezzlement) and along those funds also our investment which was supposed to be put into a reserve for at least a year so we could claim it back. The actual unemployment rate can never be at the natural rate. A. Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. a. Which graph below shows what will happen to Cecilia's demand for designershoes if she usually buys several pairs each year, but this year she lost her job? a. b. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. Which of the following is a reason to learn about macroeconomics. C) employed. A. iii. c. If the overall unemployment rate is 7 percent, If the economy is operating at full employment, then A. the unemployment rate is zero percent. The unemployment rate is equal to the natural rate of unemployment. Hence, lesser will be premium It is neither Charity nor Gambling A healthy and growing economy cannot have an unbalanced budget, Which of the following statements about unemployment is true? Pick one type of unemployment and explain what it is with an example. a. See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. Which of the following statements is true? a. a. a. B. structural unemployment. d. cyclical unemployment. d. It causes the natural rate of unemployment to rise. A. Recessions begin at ______ and end at _____. B. a. E) cyclical, fri, When the unemployment rate matches the natural unemployment rate, A) there is no structural or cyclical unemployment. A. A According to the principles of virtue-based ethics, actions are less important than the agent's moral character. At P3, which statement is true? D. The opportunity cost of job search in Canada is lower than in the United States. a. Frictional unemployment implies a lack of available jobs. B) Natural unemployment - Cyclical unemployment. A discouraged worker is counted as an unemployed worker. People who lost their jobs during the recession experienced cyclical unemployment. Which of the following statements regarding Unemployment Insurance is true? A person who stayed home to raise his children and now starts looking for a job. The minimum wage creates unemployment among young and unskilled workers. I) Unemployment rates for low-skill workers are likely to decrease. Each state gets the same Unemployment Insurance budget from the federal government. Workers laid off as a result of a recession suffer A. frictional unemployment. b. Does cyclical unemployment exist when the economy is at its potential level of output? Unemployment caused by the fluctuation of the business cycle is called . unemployment. b. seasonal unemployment. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. d. People losing a job wh, Which of the following statements illustrates structural unemployment? Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. I. "Full employment" is said to exist when the unemployment rate equals a. zero. b) unemployment caused by changes in the industrial makeup of an economy. b) In recent years, the average unemployment, Determine whether the following statement relates to microeconomics or macroeconomics: "The unemployment rate has declined to 3.7% in the United States. Hint: (Use Okun's law to calculate GDP loss) a) How much money should the government spend to eliminate this GDP loss? c. It is decided upon by the federal government. No person is unemployed for whatever reason. Which of the following statements is true regarding the 5-M model? People who lost their jobs during the recession experienced cyclical unemployment . C. The unemployment rate is equal to the cyclical rate of unemployment. D) cyclical or structural unemployment. b. Workers kept out of unionized jobs to move to other industries, increasing the labor. Consumer prices are risi, If the United States legislated that all employers could only terminate an employee for "just cause" (and thus eliminating the doctrine of "employment at will") we would expect (over time), all things being held the same, that: a. frictional unemployment, Which of the following represents a positive economic statement? While John and his friend were riding around their small town with their paintball guns, they spotted Chris Rico and shot his car. Workers wish to supply more hours of work than firms are willing to buy, leading to unemployment. With the exception of during recessions, workers in Canada are eligible for unemployment benefits for about twice as long a period of time as workers in the United States. A. There is no cyclical unemployment in the economy. Which of the following is not predicted by the technology shock driven real business cycle (RBC) theory? C. Retired workers. D. There is, Which of the following statements correctly describe discouraged workers? b. frictional unemployment. Which of the following terms is the sum of all final goods and services purchased in an economy? structural unemployment falls and cyclical unemployment rises by the same amount. Become a Study.com member to unlock this answer! (b) South Africa has a serious unemplo, Which of the following measures to cure unemployment would we call supply-side and which demand-side solutions, and which have elements of both? b. structurally unemployed. c) A person who is working part-time but would like to be workin. Check all that apply. The frictional unemployment rate is greater than the natural unemployment rate. ii) Hannah, who quit her job to find one that better su. b. a. frictional unemployment b. the wage to rise above the equilibrium level c. conflict between insiders who benefit from high union wages and outsiders who do not get the union jobs d. reduced wages in industrie, Which of the following statements is correct? c. a discouraged worker. Which of the following is not true when there is an inflationary gap? All rights reserved. B. equals zero. It addresses decision-making. Which of the following statements is false? d. unemployed. 1. 1. c. the structural unemployment rate. How many fewer workers would have been unemployed? Suppose an economy has 13,800 people employed and 1,200 unemployed but looking for work. II. c. the economy is at full employment. a. B. a. an individual who is not working and is not looking for work b. an individual who works full-time in a family business, but is not paid c. an individual who works only part-time d. all, Which of the following statements is/are correct? a. fluctuations of unemployment around its natural rate b. the experience with unemployment of a typical worker over his or her life cycle c. long-term trends in unemployment d. A and B e. None of the above, It is very common to see the unemployment rate actually increase as the economy begins to recover (i.e., after the trough). I) Unemployment rates for low-skill workers are likely to decrease. b. a. Frictional unemployment implies a lack of available jobs. c. The natural unemployment rate is greater than the structural unem, The actual unemployment rate that prevails when cyclical unemployment is zero is called unemployment rate. A. d. the structural unemployment rate. a) They have given up on looking for a job. 4% c. 5% d. 7%, The economy is considered to be at full employment when: a. the actual rate of unemployment is less than the natural rate. 1) Which type of unemployment increased the most during the 2007-2009 recession? c. They are dissatisfied with th. 2. Frictional unemployment is due to changes in the economy. A) Firms usually tend to lay off workers than cut wages to reduce costs. Frictional unemployment is 3%, cyclical unemployment is 2%, and structural unemployment is 4%. C. Labor market outcomes are not affected by s, Which of the following statements is false? Which of the following is a statement of normative economics? The price of oil should be increased because burning it, Which of the following is not true when there is an inflationary gap? Suppose that some people are counted as unemployed when, to maintain unemployment compensation, they search for work only at places where they are unlikely to be hired. Added 1/30/2021 4:49:13 PM. The unemployment rate in 2009 was higher than it was in 2006. b. Mark the false statement(s). A. d. frictional, The economy is considered to be at full employment when: a. the actual rate of unemployment is less than the natural rate. Unemployment closely tied to the business cycle, e.g. b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following causes of unemployment is not associated with an excess supply of labor? awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following is false about budget deficits? B) underemployed. Unemployment arising from job search is called A) cyclical unemployment B) disguised unemployment C) frictional unemployment D) structural unemployment, An increase in cyclical unemployment will result in: a. an increase in the unemployment rate b. an increase in the natural rate of unemployment c. an increase in structural unemployment d. a decrease in frictional unemployment, An economy is at full employment when. Any job analysis should focus on works behaviors required for successful performance of the job. What causes the unemployment rate to rise at this time? b) The supply curves of indi, Indicate whether each of the following statements applies to microeconomics or macroeconomics: a. higher unemployment during a recession. a. What is the actual percent of unemployment that is considered to be full employment? Unemployment closely tied to the business cycle, e.g. a. B. frictional unemployment would rise. All unemployment is cyclical c. The unemployment rate is less than the natural unemployment rate d. There is no frictional unemployment. Cyclical unemployment increases. Our experts can answer your tough homework and study questions. Select all that apply. An unemployment rate of greater than 8 percent is good because prices will fall. People who lost their jobs during the recession experienced cyclical unemployment. Learn the various types of unemployment. d. It causes the natural rate of unemployment to rise. b. b. cyclical unemployment should increase and real GDP should decline. a. Become a Study.com member to unlock this answer! d, Before the recession began, the U.S. unemployment rate was about 6%. It is a Co-operative device Payment of claim is made on happening of contigency (risk) insured Amount of claim payment depends on the value of loss occurred due to particular risk If Large no. C. A part-time worker. b. 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. B. unemployment caused by changes in the industrial makeup of an economy. Either way, we want to make sure this statement wont have the risk to get us sued for . D. seasonal unemployment. B. Which of the following is true of seasonal unemployment? An unemployment rate of 7 percent is a serious problem. The frictional unemployment rate is greater than the natural unemployment rate. Check all that apply. a) To be officially unemployed, a person has to be in the labor force. Which of the following statements about the employment-at-will doctrine is TRUE? C. A person who is working part-time but would like to be work, Which of the following statements is true? Question : 19) Which of the following statements true regarding competitive marketing : 1410337. Which of the following policies will not reduce structural unemployment? South Africa's unemployment problem stems from the demand side only. a. (choose all that apply) a) They are counted as part of the labor force by the Bureau of Labor Statistics, Which of the following describes a way in which unions can reduce wages? Which one of the four statements below is not like the others? If the unemployment rate is 6 percent and the number of persons unemployed is 6 million, then what does the number of people employed equal to? a. Which of the following statements is supported by the passage AAs productivity rises, a greater amount of labor per dollar of national product can be expected. The actual unemployment rate can never be above the natural rate. b. what is the unemployment rate? a) Employed: currently working for pay. b) A person who is not working is officially unemployed. As the wage rate rises, the substitutio, Which of the following is an effect of a minimum wage law that establishes a minimum wage below the current market clearing wage? b. structural unemployment. Unemployment insurance decreases the amount of frictional unemployment. Students and those who are retired aren't looking for a job Our experts can answer your tough homework and study questions. General taxes on certain goods such as gasoline, cigarettes, alcohol, cable television, and phone services are Excise taxes. As a recession begins, firms quickly make layoffs. Unemployment rises C. Unemployment falls D. Higher prices, Which of the following statements are positive, and which are normative? Correct option D. There is only structural unemployment in the economy. C. structural unemployment. Learn what the employment-at-will doctrine is and the employee rights that it protects. The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security. (Check all that apply.) a. Unemployed workers as a percentage of the labor force. A) For the U.S., union workers earn about 15% more than non-union workers doing the same work. Choose one or more: A. the economy enters a recession B. a new company hires 1,000 college graduates C. unemployment benefits are reduced from 26 weeks to 20 weeks D. advances in techno, Which of the following is not consistent with full employment? b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following is true? c) They are employed workers who. Economics is a social. II. d) Taxes should not be increased since that will low, Which of the following statements is true about the natural rate of unemployment? Select all that apply. Get access to this video and our entire Q&A library, Employee Rights: Employment-At-Will Doctrine & Exceptions. B. b. B. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. B According to the principles, Government can change markets through all of the following except__________. C. structural unemployment would r. According to the Bureau of Labor Statistics, a person who is not working and is not looking for work is: a) considered unemployed. a. B. They are counted as part of the labor force by the Bureau of Labor Statistics. a. d. Which of the following is not correct? Which of the following statements are true regarding unemployment? (c) So, Which of the following is not a true statement about discrimination in the US labor market A. B. Which of the following statements is correct regarding involuntary unemployment? A. a) In general, nations with higher labor market rigidity have greater inflation. b. Workplace spirituality has become important in the contemporary workplace because it helps to _____. a. why setting wages at the equilibrium level may increase Unemployment. D. frictional unemployment is zero. C. When a minimum-wage law forces the wage to remain, A. a. b. the leading economic indicators are unchanged for two consecutive quarters. Unemployment that is due to a recession is: a. involuntary unemployment. 1/10 A minimum wage c. A union wage d. All of the above A real wage rate, Which of the following are true of an economy operating below full employment?

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