c. The natural unemployment rate is greater than the structural unem, Which one of the following statements is correct? a. an increase in frictional unemployment b. a decrease in the natural rate of unemployment c. a decrease in cyclical unemployment d. an inc, 91. 1. When cyclical unemployment is equal to zero, we know that: A. It is not considered a legitimate type of employment. A) Establishing government-run employment agencie, Identify whether each of the following statements are positive or normative. C. A part-time worker. 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). A. B. It is reflected in the GDP gap. It is possible to eliminate natural unemployment. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. The unemployment rate equals the nature unemployment rate b. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. Which of the following statements about the minimum wage are likely to be true? b. Calculate GDP loss if equilibrium level of GDP is $8,000, unemployment rate 8.8%, and the MPC is 0.80. Our experts can answer your tough homework and study questions. (b) South Africa has a serious unemplo. B. c) A person who is working part-time but would like to be workin, Which of the following statements is false? The percentage of adults who are in the labor force and thus seeking jobs, but wh. a. At P3, which statement is true? c) Keynesian aggregate supply curve must be horizontal. 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. C. structural unemployment. Unions are becoming a greater influence in American labor markets. Createyouraccount. b. frictional unemployment. [3] b and c. [4] a and b. The natural rate of unemployment: A. fluctuates around the actual rate of unemployment. Which of the following statements about unemployment is true? a. The unemployment rate is equal to 0%. They represent the difference between tax revenue and government expenditures. B. The unemployment rate as fallen by 1 percentage point c. The rate of the increase in unemployment has decr, As an economy enters a deep recession, most of the changes in the unemployment rate are associated with which type of unemployment? C. Retired workers. Choose all that apply. Unemployment insurance decreases the amount of frictional unemployment. If economic policy-makers can keep the economy growing at a steady pace, they can reduce: a. cyclical unemployment. c. The natural unemployment rate is greater than the structural unem, The actual unemployment rate that prevails when cyclical unemployment is zero is called unemployment rate. a. a. Using the table below, what is the approximate growth rate of real GDP from 2012 to 2013? a. a. Course Hero is not sponsored or endorsed by any college or university. Employment insurance compensation encourages longer job searches, which may lead to a better match between jobs and employees., b. B. a. d. Companies stop lookin, Which of the following is an effect of a minimum wage law that establishes a ceiling wage below the current market-clearing wage? A. Cyclical unemployment increases. Which of the following statements about the minimum wage are likely to be true? a. transitory b. cyclical c. structural d. frictional 2. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. The minimum wage is supported by unions. b. a) Employed: currently working for pay. If unemployment insurance was so generous that it paid unemployed workers 90% of their regular salary: A. the official unemployment rate would probably understate true unemployment. D) self-employed. Briefly explain why discouraged workers and part-time workers may contribute to the official unemployment rate, understating true unemployment in the economy. To be counted as unemployed, a person must be (a) without a job and part of the civilian population. i) Juliet, who was fired when the company where she worked went bankrupt in a recession. a. Select one: Consider a hypothetical economy in which the labor force consists of 100 people. Between 1944 and 1948, millions of people, including ethnic Germans ( Volksdeutsche) and German citizens ( Reichsdeutsche ), were permanently or temporarily moved from Central and Eastern Europe. It addresses decision-making. Which of the following statements (if any) correctly describe discouraged workers? Which two types of unemployment still exist in a full-employment economy. )contractionary monetary policy; left b.)contractionary. Explain. A. Hint: it's not zero. Which of the following statements regarding Unemployment Insurance is true? During a recession, one will often observe: a. aggregate output rising. In the labor force? The increase in unemployment associated with a recession is called a. structural unemployment. C. the unemployment rate is equal to the natural rate. Which of the following statements about the employment-at-will doctrine is TRUE? 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. B. It is always at zero percent. a) They have given up on looking for a job. Which of the following is true when the economy is at full employment? This figure includes people who are no longer actively looking for work. Congress expanded the authority of the president to wage war by passing the War Powers Act. Explain each answer briefly. A decrease in the market clearing wage c. Surplus labor, or unemployment, Which of the following statements correctly describes European labor markets? In the official unemployment statistics, retired persons are officially classified as A) unemployed. Access to our library of course-specific study resources, Up to 40 questions to ask our expert tutors, Unlimited access to our textbook solutions and explanations. 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? b) The unemployment rate is 4.8 percent. Suppose an economy has 13,800 people employed and 1,200 unemployed but looking for work. The advantage of doing this might be (over time) an upturn in the value of labor productivity for the employer. People quitting a job just long enough to look for and find another one. d. None of the above. The unemployment rate is understated due to: a) None of the above. a. Rent control is an example of a price floor. C) Frictional unemploymen. 1. c. The minimum wage reduces the number of jobs for less skilled workers. 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? 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. Economics is a social. Which of the following statements is true? All other trademarks and copyrights are the property of their respective owners. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. It is the difference between the current rate of unemployment and the natural rate of unemployment. 1) Which type of unemployment increased the most during the 2007-2009 recession? a) A worker with a college degree is more likely to be unemployed than a worker without one. Which one of the four statements below is not like the others? c) It tends to occur when an economy experiences inflation. b. * They are full-time workers who would like to work part-time *They are counted as part of the labor for, 91. (Check all that apply.) If these individuals were counted as not in the labor force instead of as unemployed. People who lost their jobs during the recession experienced cyclical unemployment. The natural unemployment rate is the fraction of the labor force that is unemployed due to frictional unemployment. (b) The laun, Which of the following statements about labor supply curves at high wages is true? The alternation between recessions and expansions is known as the: a. unemployment rate b. long-run economic growth c. business cycle d. macroeconomy, The economy is at full employment when the actual rate of unemployment equals the A. labor force minus the number of discouraged workers. idb bank, including its subsidiaries and divisions, provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual . Select all that apply. The labor supply curve is downward sloping. 1. An unemployment rate of 7 percent is a serious problem. During a recession, cyclical unemployment will be low. Natural rate of unemployment B. It is the amount of unemployment in the economy, adjusted for the effects of inflation. c. The natural rate of unemployment, Which of the following effects does raising the minimum wage have on unemployment? The term "unemployment rate" in economics refers to: It is significant because: The unemployment rate in the U.S. right now is: How has the unemployment rate changed over the last decade? An increase in the minimum wage has no effect on the well-being of middle-class families. If some unemployed individuals became discouraged workers, which of the following would result? Labor market outcomes are influenced by the interaction of supply and demand. How many fewer workers would have been unemployed? higher unemployment during a recession. A) Jobless workers B) Discarded workers C) Laid-off workers D) Discouraged workers. A. b. Choose all that apply. Minimum wage laws B. The federal government may lend money to states which come up short in providing these benefits One does not need to be actively looking for work to receive benefits It is difficult to predict because it involves all kinds of workers. C. rate of cyclically unemployed. (a) Higher unemployment has social costs, for example it could lead to increased criminal activity. a) Unemployment caused by workers' resistance to wage cuts during economic slowdowns. South Africa's unemployment problem stems from the demand side only. Check all that apply. The minimum wage is supported by unions. Minimum wages are the predominant reason for unemployment in the U.S. economy. d. the unemployment rate will be zero. The variation in unemployment caused by the economy moving from expansion to recession or from recession to expansion is known as: a) Cyclical employment. Which of the following statements is true regarding the 5-M model? a. c. Unemployed workers as a percentage of the population age over-sixteen. a. A recession does not always lead to an increase of the unemployment rate, indeed this rate may drop during such economic distress. B. structural unemployment falls and cyclical unemployment rises by the same amount. A. 1. D. None. The unemployment rate is equal to the natural rate of unemployment. Which of the following are microeconomic problems? A. (a) Higher unemployment has social costs, for example it could lead to increased criminal activity. The economy is in the peak phase of the business cycle. a. A person who is not working is officially unemployed. B. Select all that apply. d) Full employment. d. It causes the natural rate of unemployment to rise. A. A person who quits work to care for aging parents. C. equals the actual rate of unemployment when cyclical unemployment equals zero. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. Which of the following statements is true regarding the natural unemployment rate? If the unemployment rate had been 4.5 percent instead of 4.9 percent: a. A. structural unemployment B. job losers C. new entrants D. job leavers, Which of the following options is correct? E. natural unemployment. B. B. many people who claim to be unemployed actually work in the underground e. Complete the following sentence. B. a. b. (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. Which of the following is a statement of normative economics? The minimum wage is good because it raises wages for the working poor. 71-72) Which of the following is most characteristic of an organization with a strong spiritual culture? They canaffect long run RGDP. Select all that apply. b. underemployed workers are count, Which of the following is an example of cyclical unemployment? A. It is possible to eliminate natural unemployment. Explain. Cyclical unemployment refers to _____. Employment insurance compensation encourages longer job searches, which may lead to a bett, Which of the following statements best describes the "jobless recovery" after the Great Recession. 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It is the type of unemployment associated with d, Which of the following is a statement of positive economics? 0.44 b. b. c. Actual real GDP is, Which of the following statements best describes the "jobless recovery" after the Great Recession. d) not a member of the labor force. c.Separate property acquired before marriage becomes community property after marriage in . A teenage worker is more likely to be unemployed than an older worker. D) seasonal and cyclical unemployment. higher unemployment during a recession. There is only cyclical unemployment in the economy. C. cyclical unemployment is zero. a. The unemployment rate in the United States was 8.1 percent in August 2012. b. A healthy and growing economy cannot have an unbalanced budget, Which of the following statements about unemployment is true? C. unemployment caused by economic downturns. A decline in the markup on wages by 10% along with no change in the pa. 3. Which statement below is true of price floors? D. frictional unemployment. Cyclical b. D. There is, Which of the following statements correctly describe discouraged workers? Government expenditures create demand for goods and services. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. Which of the following is not included in the natural rate of unemployment? 2. Which one of the four statements below is not like the others? c. frictional unemployment. A) Firms usually tend to lay off workers than cut wages to reduce costs. It is not considered a legitimate type of employment. b. Suppose the government wants to reduce this type of unemployment. d. all of the above, The economy is fully employed when there is no: a. seasonal unemployment b. frictional unemployment c. structural unemployment d. cyclical unemployment. c. structural unemployment is zero. I. As a result. Unemployment that is due to a recession is: a. involuntary unemployment. c. frictional unemployment. As a recession begins, firms quickly make layoffs. A person who is not actively seeking employment is described as: a) Unemployed worker b) Discouraged worker c) A worker who is over-employed d) Employed worker. Based on the graph above, if market price is $19 per unit, what is happening at that market price? c) A person who is working part-time but would like to be working full-time is considered to be unemployed. Is the correlation between unemployment and inflation true in the current economy? Unemployment rises C. Unemployment falls D. Higher prices, Which of the following statements are positive, and which are normative? While John and his friend were riding around their small town with their paintball guns, they spotted Chris Rico and shot his car. c. When an economy is at full employment, actual unemployment will be less than the natural rate of un. c. A retired school teaching collecting social security benefits. Employment exceeds full employment. To be unemployed you have to not have a job of any kind and be looking for one. Explain whether you agree or disagree with the statement. Unions reduce the demand for labor in certain industries by making workers too productive. b. b) structural and frictional unemployment. Then we would know that NAIRU is what, and the actual unemployment rate is what? Which of the following statements about unemployment is true? 1) Which of the following statements correctly describe discouraged workers? I. Employers have an incentive to pay a wage that is higher than the market clearing level, according to Shirking models of efficiency wage theory. Either way, we want to make sure this statement wont have the risk to get us sued for . C. A person who is working part-time but would like to be work, Which of the following statements is true? The actual unemployment rate can never be above the natural rate. D) cyclical or structural unemployment. A person working for the family business after school without pay. a. Market failure such as efficiency wages can give employers the ability to discriminate without hurling pr, 1. Higher union wage rates allow companies to attract more highly skilled workers. a) To be officially unemployed, a person has to be in the labor force. 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? Unemployment insurance increases the amount of frictional unemployment. c. cyclical unemployment. The economy is at full employment when the actual rate of unemployment equals the A. labor force minus the number of discouraged workers. b. Some unemployment will be present even when a dynamic labor ma. (a) The encouragement of pay restraint to keep costs down by preventing excessive wage increases. c) Out of labor force: Out of paid work and looking for a job. a) To be officially unemployed, a person has to be in the labor force. a. C. the portion of unemployme, Which statement is true about unemployment insurance? B. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. Which of the following statements are true regarding unemployment? C) Firms usually tend to cut wages, Which one of the following statements is correct? a. unemployment + employment b. cyclical unemployment - structural unemployment c. structural unemployment + frictional unemployment d. structural unemployment + cyclical unemployment. B. will equal structural unemployment. a. It is difficult to predict because it involves all kinds of workers. -It entails processes that focus on delivering value and benefits to customers. a. c. structural unemployment is zero. b. Full employment is natural unemployment minus 100%. e. All of the above. d. It causes the natural rate of unemployment to rise. d. Which of the following is not correct? b. frictional unemployment. All unemployment is cyclical c. The unemployment rate is less than the natural unemployment rate d. There is no frictional unemployment. D. There is, The government sets an effective minimum wage for workers. (a) Decreases unemployment (b) Increases unemployment, The natural rate of unemployment does not include which of the following? Which of the following is not predicted by the technology shock driven real business cycle (RBC) theory? How does cyclical unemployment relate to a nation's production possibilities curve and how does cyclical unemployment behave across the business cycle? A. b) A person who is not working is officially unemployed. c. frictional unemployment will be zero. d. structural unemployment. A. 3% b. Which of the following statements about unemployment is true? B. d. frictional, The economy is considered to be at full employment when: a. the actual rate of unemployment is less than the natural rate. C. It does not exist in developed economies. B) frictional unemployment. a. a. To be officially unemployed, a person has to be in the labor force. Which of the following statements is correct regarding involuntary unemployment? b The marketing funnel considers the seller's journey. B) underemployed. Cyclical unemployment is A. unemployment caused by time delays in matching available jobs and workers. A. D. It is also called structural unemployment. Which of the following statements about unemployment is true? (a) frictional (b) structural (c) sum of the frictional unemployment rate and the structural (d) seasonal (e) cyclical. a. b) A person who is not working is officially unemployed.. a) To be officially unemployed, a person has to be in the labor force. b. c. the economy is at full employment. C. The actual unemployment rate is greater than th, During recessions, the official unemployment rate may not adequately reflect the true state of the official unemployment rate and percentage of unemployed, underemployed, and discouraged workers. Become a Study.com member to unlock this answer! D. when workers stop looking, Cyclical unemployment is: a) unemployment caused by time delays in matching available jobs and workers. II. Derived demand for labor depends on the demand for the product labor produces. Which of the following statements regarding unemployment is true? Which of the following is true? The supply curve of labor shifts when the prevailing wage rate changes. a. why setting wages at the equilibrium level may increase Unemployment. B. A. inflation B. discouraged workers C. people employed in the underground economy D. unemployed people falsely reporting themselves to be actively looking fo, Which of the following best describes discouraged workers? The seasonal unemployment rate c. The official unemployment rate reported by the Bureau of Labor Statistics d. The cyclical unemployment rate. Which of the following statements is true? D. t, Which of the following is not consistent with full employment? a) The unemployment rate is too high. The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. Unemployment closely tied to the business cycle, e.g. 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) job retraining. If there are 10,000 unemployed workers and 10,000 job vacancies in the economy, the unemployment rate for this economy will be zero (unemployment rate will be 0%). a. Labor income Which statement below about the exchange rate is FALSE? a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Which of the following statements correctly describe discouraged workers? d. 16%. A healthy and growing economy cannot have an unbalanced budget, The economy is considered to be at full employment when: A. Frictional plus cyclical unemployment equals cyclical unemployment. The natural rate of unemployment is the unemployment rate that would exist in the absence of: a. cyclical unemployment. B. the portion of unemployment created by the job search. The incidence of the, 1. d. cyclical unemployment. B. E) seasonal unemployment. c. frictional unemployment should fall because p. Which of the following is true of seasonal unemployment? b. Which of the following statements is/are correct regarding unemployment in the Keynesian and the AD-AS models? D. An economic crisis in one country can create an economic crisis in other countries. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. c. Companies have difficulties recruiting workers. A discouraged worker is counted as an unemployed worker. Define employed, unemployed and the labor force. Check all that apply. B. A. Wages drop below the level of the minimum wage. c. a discouraged worker. Give reasons why or why not. A. a. Which of the following statements is true regarding international unemployment? Select all that apply. (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security. c. Someone who gives up looking for a job. I. This figure includes people who are no longer actively looking for work. It is a long-term unemployment. Pick one type of unemployment and explain what it is with an example. Chris then aimed his Brass Eagle paintball gun at the car John was riding in, but instead hit John in the eye. b. The percentage of adults who are in the labor force and thus seeking jobs, but wh, Determine whether the following statement is positive or normative: "U.S. workers deserve more liberal unemployment benefits. C. GDP i. BUnemployment falls when production expands faster than labor force.
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