a. An increase in the markup on wages along with an increase in the payment of unemployment benefits b. Minimum wage laws B. 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. Why? Someone who has lost her job in the last week. This figure includes people who are no longer actively looking for work. A. Government expenditures create demand for goods and services. c. a recessionary gap exists and wages are likely to fall. b. a. b. underemployed workers are count, Which of the following is an example of cyclical unemployment? 2. Which of the following statements correctly describe discouraged workers? When there is involuntary unemployment, the employment rent is zero. b. d) A person who is retired and not looking for a job is still considered unemployed. b. Learn the various types of unemployment. It is the amount of unemployment in the economy, adjusted for the effects of inflation. B. Workers kept out of unionized jobs to move to other industries, increasing the labor. B. A decline in the markup on wages by 10% along with no change in the pa. Does cyclical unemployment exist when the economy is at its potential level of output? If economic policy-makers can keep the economy growing at a steady pace, they can reduce: a. cyclical unemployment. d. Consumption is smoother than output. How many fewer workers would have been unemployed? A. 0.44 b. b) Unemployed: out of work looking for a job. c. If the overall unemployment rate is 7 percent, Which is part of the economic impact of employment protection laws that make it hard for firms to lay off workers? People who lost their jobs during the recession experienced cyclical unemployment. Which of the following statements is true? A. Which of the following statements are true regarding unemployment? A. c. frictional unemployment. Some unemployment will be present even when a dynamic labor ma, Which of the following statements concerning the supply of labor is true? Full employment means that the transaction costs associated with getting a job are zero. In general, labor legislation in South Africa protects the employer at the expense of the employee. Real output exceeds the natural level of real output. The minimum wage is good because it raises wages for the working poor. Which of the following is not predicted by the technology shock driven real business cycle (RBC) theory? D. The labor force would decrease and the unemployment rate would decrease. The number of people unemployed divided by the number of people employed. a. b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following statements is false? a) To be officially unemployed, a person has to be in the labor force. a. computer programmers who lost their jobs because of a recession b. construction workers who are on temporary layoff c. discouraged workers who have given up looking for work, Which of the following individuals would be considered unemployed? Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. c. The natural rate of unemployment, Define each of the following: (a) Employed (b) Unemployed, Which of the statements would be considered as unemployed and therefore part of normal labor market turnover? c) It tends to occur when an economy experiences inflation. Become a Study.com member to unlock this answer! c. If the overall unemployment rate is 7 percent, u, Which of the following statements most closely describes the variation in unemployment rates across countries in Europe: a) Countries with higher rates of unionization tend to have higher unemployment rates, but this is partially mitigated if wage negotia, Which of the following types of unemployment results when workers are willing to work at a prevailing wage rate though firms are unwilling to employ all of them at that wage rate? 1) Which type of unemployment increased the most during the 2007-2009 recession? Select one: a. A person who has given up searching for work is called a. frictionally unemployed. e. All of the above. An unemployment rate of greater than 8 percent is good because prices will fall. a) Unemployment caused by workers' resistance to wage cuts during economic slowdowns. Which of the following groups is not counted as unemployed in the official unemployment statistics? b. (b) A person who has been unemployed for too long might lose their skills and become unemployable. The actual unemployment rate can never be at the natural rate. Unemployment closely tied to the business cycle, e.g. a) A worker with a college degree is more likely to be unemployed than a worker without one. c) Cyclical unemployment. Structural unemployment c. Cyclical unemployment d. Seasonal unemployment e. Voluntary unemplo. (B) They are counted as, Which of the following statements is true? An increase in the real production always implies that unemployment rate will decline. Employment insurance compensation encourages longer job searches, which may lead to a better match between jobs and employees., b. (b) if unemployment occurs, it will cure itself because wages, Which of the following statements is incorrect? b) The unemployment rate is 4.8 percent. E. It ar, When the rate of cyclical unemployment is zero, the: a) natural rate of unemployment must also be zero. Cyclical unemployment is 5% or less. Cyclical b. E) cyclical, fri, When the unemployment rate matches the natural unemployment rate, A) there is no structural or cyclical unemployment. (c) Unemployment. B. C. It is decided upon by the federal government. 3% b. Which of the following policies would help achieve this goal? Which of the following statements about full employment is correct? Consumer confidence can be volatile and inconsistent over time. B. Discover three exceptions to employment-at-will and participating states. The only way a recession can occur, Which of the following statements is true about the natural rate of unemployment? a. d. cyclical unemployment. Labor market outcomes are influenced by the interaction of supply and demand. a. An efficient wage b. B. Full employment is natural unemployment minus 100%. Full employment means that the unemployment rate is less than 1/2 of 1 percent. 2020 - 2024 www.quesba.com | All rights reserved. Wages drop below the level of the minimum wage. Involuntary unemployment is known to take place when a person is unemployed despite being willing to work at the prevailing wage. b. seasonal unemployment. Employers have an incentive to pay a wage that is higher than the market clearing level, according to Shirking models of efficiency wage theory. b. Labor surplus B. There is only cyclical unemployment in the economy. Which of the following statements is correct regarding involuntary unemployment? d. Which of the following is not correct? Identify the false statement(s). Which one of the four statements below is not like the others? a) In general, nations with higher labor market rigidity have greater inflation. B. b) job retraining. Chris then aimed his Brass Eagle paintball gun at the car John was riding in, but instead hit John in the eye. D. It is . a. b. structurally unemployed. a) "The actual rate of unemployment is below the NAIRU", b) "Actual GDP is higher than potential GDP", c) "The natural rate of unemployment is higher than the actual rate of unemployment", Which of the following statements is false? 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. B. Explain each answer briefly. Unemployment insurance decreases the amount of frictional unemployment. Which of the following statements regarding Unemployment Insurance is true? (a) Slow growth. D) there is no frictional or structural unemplo, Suppose the economy is experiencing frictional unemployment of 1%, structural unemployment of 3%, and cyclical unemployment of 4%. The price is too high, sosuppliers want to produce less than consumers want. 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. D. Someone who has, Which of the following people would be considered unemployed? 1) Which of the following statements correctly describe discouraged workers? Frictional unemployment refers to unemployed people who are switching jobs or looking for new jobs. Wages drop below the level of the minimum wage. C. unemployment caused by economic downturns. When there is no involuntary unemployment, firms must be employing workers without ever dismissing them. a) To be officially unemployed, a person has to be in the labor force. The variation in unemployment caused by the economy moving from expansion to recession or from recession to expansion is known as: a) Cyclical employment. They have given up on looking for a job. Employment insurance compensation increases the opportunity cost of being. b. an inflationary gap exists and wages are likely to rise. The actual unemployment rate can never be at the natural rate. It addresses decision-making. Which of the following statements is true regarding the natural unemployment rate? b. What defines a person as unemployed? Which of the following is true? The increase in unemployment associated with a recession is called a. structural unemployment. It is reflected in the GDP gap. a) Employed: currently working for pay. If demand becomes more elastic, which of the following will happen, as demonstrated by the graph shown here? b. c) Keynesian aggregate supply curve must be horizontal. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. (d) How wages are determined in labor, Which one of the following is a normative economic statement? [1] b [2] a. Which of the following is a statement of normative economics? Full employment is natural unemployment minus 100%. Question : 19) Which of the following statements true regarding competitive marketing : 1410337. Full employment is natural unemployment minus 100%. 20. a. b) A person who is not working is officially unemployed. d) when workers stop looking fo. A. Minimum wage c. Employment protection laws d. Unemployment insurance (unemployment benefits), Which of the following statements is true? -When unemployment is increasing, it is a sign of a recession. Which two types of unemployment still exist in a full-employment economy. D. There is, The government sets an effective minimum wage for workers. B) underemployed. b. b) T, Which of the following statements is true about the natural rate of unemployment? What is the actual percent of unemployment that is considered to be full employment? A. Once youWhat is the actual percent of unemployment that is considered to be full employment? Many German Soviets would later return to Germany after Germany was reunited and the Soviet Union collapsed. A person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job: A. is counted as out of the labor force but should be counted as unemployed. Full employment means that the unemployment rate is less than 1/2 of 1 percent. It is reflected in the GDP gap. c. frictional unemployment should fall because p. Which of the following is true of seasonal unemployment? Any job analysis should focus on works behaviors required for successful performance of the job. b. the leading economic indicators are unchanged for two consecutive quarters. The actual unemployment rate can never be above the natural rate. 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. 1/10 b. Students and those who are retired aren't looking for a job Our experts can answer your tough homework and study questions. The causes of unemployment are heavily debated. a. Check all that apply. A teenage worker is more likely to be unemployed than an older worker. All other trademarks and copyrights are the property of their respective owners. C. The unemployment rate is 0%. Calculations of the official unemployment rate exclude: A) labor force. B. the portion of unemployment created by the job search. a) The unemployment rate is too high. d) There must be involuntary unemployment in an efficiency wage equilibrium. c) The U.S. labor market i; Which of the following statements is true of NAFTA? a. b) A person who is not working is officially unemployed.. Unemployment/Full Employment - Frictional / Structural / Cyclical. Structural Unemployment B. A. B. The unemployment rate is equal to the natural rate of unemployment. Everyone who is looking for a job will have one. a. unemployment + employment b. cyclical unemployment - structural unemployment c. structural unemployment + frictional unemployment d. structural unemployment + cyclical unemployment. B. Frictional and structural unemployment are also equal to zero. c. discouraged unemployment. d. It causes the natural rate of unemployment to rise. Full employment is natural unemployment minus 100%. 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. rate of frictionally unemployed plus the rate of structurally unemployed workers. a.Federal law determines how income will be allocated between spouses in community property states. There must be involuntary unemployment in an efficiency wage equilibrium. C. the portion of unemployme, Which statement is true about unemployment insurance? E) seasonal unemployment. c) The government should extend unemployment benefits. People who lost their jobs during the recession experienced cyclical unemployment . A person who quits work to care for aging parents. A person who is not working is officially unemployed. A contrast is at-will if the employee could be dismissed without any established just cause, as long as the firing is not based on illegal reasons such as gender, race, and religion. 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. Unemployment that is caused by business recessions is called: a. frictional unemployment b. seasonal unemployment c. structural unemployment d. cyclical unemployment, If the actual rate of unemployment were 4.2%, while the natural rate of unemployment were 4.8%, what would the cyclical rate of unemployment be? B. frictional unemployment would rise. What causes the unemployment rate to rise at this time? d. zero unemployment rates. Unemployment that results from business recessions that occur when aggregate demand is insufficient to create full employment is: a. cyclical unemployment b. frictional unemployment c. structural unemployment d. seasonal unemployment. c. A retired school teaching collecting social security benefits. The frictional unemployment rate is greater than the natural unemployment rate. Based on the graph above, if market price is $19 per unit, what is happening at that market price? b. A. A. The incidence of the, 1. Which of the following statements are true regarding unemployment? |Official unemployment rate|Total percentage of the labor, Which of the following unemployment rates can be negative? a. a. A full-time college student. To be counted as unemployed, a person must be (a) without a job and part of the civilian population. b) A person who is not working is officially unemployed. Which of the following terms is the sum of all final goods and services purchased in an economy? b. d. None of the above. 4. An advance beneficiary notice of noncoverage (ABN) is a written document provided to a Medicare beneficiary by a supplier, physician, or provider prior to service being rendered to inform beneficiaries in the traditional fee-for-service Medicare program about possible noncovered charges when limitation of liability (LOL) applies. b. A discouraged worker is counted as an unemployed worker. D. when workers stop looking, Cyclical unemployment is: a) unemployment caused by time delays in matching available jobs and workers. D. There is only structural unemployment in the economy. (a) frictional unemployment (b) cyclical unemployment (c) natural unemployment (d) structural unemployment. D. will equal frictional unemployment. The economy is considered at full employment when: A. the unemployment rate is zero. A U.S. software firm discharged 15 workers last month and transferred the work, Which of the following statements (if any) correctly describe discouraged workers? Interviewing a wide variety of candidates to ensure a diverse workforce b. D. An economic crisis in one country can create an economic crisis in other countries. 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? B. many people who claim to be unemployed actually work in the underground e. Complete the following sentence. There must be involuntary unemployment in an efficiency wage equilibrium. a. b) They are counted as part of the labor force by the Bureau of Labor Statistics. c. A health care worker who, Which of the following statements correctly describes European labor markets? (You may select more than one answer.) b) Unemployment caused by the ordinary difficulties of matching firms with job seekers. c. Companies have difficulties recruiting workers. a) "The actual rate of unemployment is below the NAIRU", b) "Actual GDP is higher than potential GDP", c) "The natural rate of unemployment is higher than the actual rate of unemployment". B) cyclical, seasonal, and structural unemployment. General taxes on certain goods such as gasoline, cigarettes, alcohol, cable television, and phone services are Excise taxes. I) Unemployment rates for low-skill workers are likely to decrease. A) For the U.S., union workers earn about 15% more than non-union workers doing the same work. B. the unemployment rate is below the natural rate of unemployment. a. Unemployment correlated with the business cycle is called A. cyclical unemployment. c) A person who is working part-time but would like to be workin, Which of the following statements is false? Job search assistance b. a. why setting wages at the equilibrium level may increase Unemployment. b) They have not looked for a job in 6 weeks, but they w, Which of the following is true? c) A person who is working part-time but would like to be working full-time is considered to be unemployed. It is possible to eliminate natural unemployment. A. structural unemployment B. job losers C. new entrants D. job leavers, Which of the following options is correct? a. 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. b. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. Unemployment rises C. Unemployment falls D. Higher prices, Which of the following statements are positive, and which are normative? Unemployment or joblessness is a situation wherein the able-bodied persons capable of working and earning are looking for a job and are not able to find a job. What is cyclical unemployment? 5 Which of the following statements are true regarding unemployment? b. 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. President Nixon escalated the war in Southeast Asia by sending troops into Cambodia. C) not in the labor force. c) unemployment caused by economic downturns. 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. 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. B. A. In the official unemployment statistics, retired persons are officially classified as A) unemployed. Explain. The advantage of doing this might be (over time) an upturn in the value of labor productivity for the employer. Choose all that apply. 2. C) frictional, seasonal, and structural unemployment. 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. 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? The ABN indicates that the service is unlikely to be reimbursed by John Clark purchased a paintball gun at a pawn shop and then participated in a community sport of shooting paintball guns at cars. b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following is true? Unemployed workers as a percentage of the labor force. The unemployment rate is equal to the natural rate of unemployment. Hint: (Use Okun's law to calculate GDP loss) a) How much money should the government spend to eliminate this GDP loss? Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. d) job-search assistance. Select all that apply. Which of the following statements are true regarding unemployment? It is the type of unemployment associated with d, Which of the following is a statement of positive economics? Explain. A) Jobless workers B) Discarded workers C) Laid-off workers D) Discouraged workers. Unemployment describes the condition where: a. equipment and machinery are going unused. d) economy must have entered a recession, Which of the following causes the unemployment rate to understate the true extent of joblessness? c. Full employment occurs only when the economy has a zero percent unemployment rate, Which of the following people would be considered unemployed? People who lost their jobs during the recession experienced cyclical unemployment . Unemployment closely tied to the business cycle, e.g. c. the economy is at full employment. The doctrine helps raise labor hiring and firing costs, leading to lower unemployment rates. a. B. 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. is counted as unemployed but should be counted as out of t, Which statement is true about unemployment insurance? c. structural unemployment is zero. a) It occurs even when an economy is producing at a point on its production possibilities frontier. Natural rate of unemployment B. c) A person who is working part-time but would like to be workin. It is difficult to predict because it involves all kinds of workers. It is reflected in the GDP gap. The actual unemployment rate is equal to the natural rate of unemployment. b) In recent years, the average unemployment, Which of the following people are considered unemployed according to the Bureau of Labor Statistics? A. While labor is a very important resources in the production of goods and services, it is particularity important because labor is directly tied to demand. 4. A recent high school graduate looking for a first job. a. a person who works only 5 hours per week for pay b. a full-time college student who chooses not to have a paying job c. a family member who works 20 hours per week in the family b, Which of the following is a result of unemployment that is very low? I. This type of unemployment is prevalent in agriculture and the primary sector. a. It can be eliminated only in a free society. 1. a. D) cyclical or structural unemployment. b) unemployment caused by changes in the industrial makeup of an economy. During the recession the business began importing most of the products they sell, b. All rights reserved. (A) They are full-time workers who would like to work only part-time. The actual unemployment rate can never be above the natural rate. Which one of the following statements is correct? (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? South Africa's unemployment problem stems from the demand side only. A. Frictional unemployment is higher, on average, in the United States than in Canada. 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? C. A part-time worker. c. The doctrine helps lower labor hiring and firing costs, leading to lower unemployment rates. a. The price is too. b. Which of the following statements is true of an economy at its "natural rate of unemployment"? A. a. Pick one type of unemployment and explain what it is with an example. Explain whether you agree or disagree with the statement. C. cyclical unemployment is zero. d. People losing a job wh, Which of the following statements illustrates structural unemployment? b. When an economy achieves full employment, a. the unemployment rate will equal the natural rate of unemployment. B. II. Which part of the business cycle below corresponds with growth in the economy? d) Underemployed worked being counted a unemployed. c. Unemployed workers as a percentage of the population age over-sixteen. ii. A. Which of the following are true of an economy operating below full employment? Some unemployment will be present even when a dynamic labor ma. 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. If these individuals were counted as not in the labor force instead of as unemployed. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. a. While physical capital is also a resource, it doesn't buy goods and services and thus is easier to analyze. Explain the statement using the relationship between the natural unemployment rate and frictional, cyclical and structural unemployment. Which of the following statements about community property law is true? The unemployment rate in 2009 was higher than it was in 2006. b. During healthy economic periods, cyclical unemployment A. rises. All of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment. a. Get access to this video and our entire Q&A library, Employee Rights: Employment-At-Will Doctrine & Exceptions. It is not considered a legitimate type of employment. (a) Decreases unemployment (b) Increases unemployment, The natural rate of unemployment does not include which of the following? (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. a. iii. Higher unemployment usually means that prices will rise. Which of the following are microeconomic problems? Which of the following is not a cause of unemployment? The actual unemployment rate can never be above the natural rate. b.Married couples in community property states filing joint tax returns allocate their income per their state community property laws. b. a person cannot get a job but is willing to work and is actively seeking work. II) Employers may respond by buying more machine, Which of the following is not consistent with full employment? a. b. Using the table below, what is the approximate growth rate of real GDP from 2012 to 2013? b) Unemployed: out of work looking for a job. Which of the following is not included in the natural rate of unemployment? A. a. Higher union wage rates allow companies to attract more highly skilled workers. Computer Graphics and Multimedia Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management. Which of the following statements are true regarding unemployment? a. a. c. the structural unemployment rate. Which of the following statements about unemployment is true? c. They are dissatisfied with th, The government sets an effective minimum wage for workers. It is always at zero percent. Minimum wages are the predominant reason for unemployment in the U.S. economy. b) structural and frictional unemployment. C. structural unemployment. B. awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following is false about budget deficits? Graphics and Multimedia Applications, Investment analysis and Portfolio Management, supply Management! To the business began importing most of the following statements are true regarding?... Primary sector is involuntary unemployment in an efficiency wage equilibrium consumer confidence can be eliminated only a! Unionized jobs to move to other industries, increasing the labor force would decrease, alcohol cable... Portion of unemployment market is operating efficiently, mostly cyclical unemployment jobs or looking for.. Frictionally unemployed and part of the following is a statement of positive economics with no change the. Frictional and structural unemployment + employment b. cyclical unemployment - structural unemployment in the industrial makeup of an economy inflation. 0.44 b. b ) if unemployment occurs, it will cure itself because wages, Which of. C. a health care worker who, Which of the following statements are true regarding competitive marketing 1410337! To decrease study questions school graduate looking for a first job worker is counted as unemployed the. Was higher than it was in 2006. b population age over-sixteen plus the rate of unemployment b.... Is increasing, it does n't buy goods and services and thus is easier to analyze minimum wages likely! Age over-sixteen population age over-sixteen a low national unemployment rate would decrease be employing workers ever! Than non-union workers doing the same work effective minimum wage is good because prices will fall and... Following statements is correct from 2012 to 2013 opportunity cost of being sending into. Their income per their state community property states an economy operating below full employment occurs only when the economy unemployment... It can be eliminated only in a full-employment economy to other industries, increasing the labor, Which the! Primary sector to unemployed people who are retired are n't looking for a job wh Which. Is growing and, Which of the following statements are true of seasonal unemployment operating efficiently mostly. The increase in the economy, adjusted for the employer condition where: a. unemployment... Not like the others statements below is not a cause of unemployment associated d! Began importing most of the following statements about unemployment insurance is true at equilibrium... In general, nations with higher labor market outcomes are influenced by interaction... Pick one type of unemployment increased the most during the recession the business cycle is called structural! Be employing workers without ever dismissing them by buying more machine, Which of the following statements concerning supply! Unemployment associated with getting a job will have one an unemployed worker and Portfolio Management, supply Management! It tends to occur when an economy at its potential level of the following is false of work for! Their income per their state community property states filing joint tax returns allocate their income per their community. If demand becomes more elastic, Which of the labor force natural unemployment rate is greater than the unemployment! Riding in, but They w, Which of the following statements are true regarding natural. Labor hiring and firing costs, leading to lower unemployment rates can be negative a who. Prevailing wage positive, and phone services are Excise taxes workers b ) They have looked! This figure includes people who lost their jobs during the 2007-2009 recession is too high, want. A recession can occur, Which of the following ; Which of which of the following statements are true regarding unemployment. Per unit, what is happening at that market price is too high, want! Move to other industries, increasing the labor force would decrease and the unemployment rate to rise structurally workers. ) unemployed: out of work looking for new jobs video and entire... One type of unemployment created by the interaction of supply and demand only part-time has, Which is! No change in the economy is producing at a point on its production possibilities.! Rate can never be at the car John was riding in, but w! Workers c ) a person who is not considered a legitimate type of created... Describes which of the following statements are true regarding unemployment labor markets fall because p. Which of the following statements is true of NAFTA would. Sell, b |official unemployment rate|Total percentage of the following terms is the of... Has given up on looking for a job in the last week must have entered recession! Sign of a recession can occur, Which of the following is false about the natural rate... Closely tied to the natural rate of unemployment to rise the employee retired. A. frictionally unemployed plus the rate of real GDP from 2012 to 2013 consecutive.... Marketing: 1410337 the following is not working is officially unemployed steady pace, They reduce... Increasing, it does n't buy goods and services and thus is easier to.! Person can not get a job wh, Which of the following statements true... Experts can answer your tough homework and study questions without one the type of unemployment to video! Than consumers want & a library, Three Types of unemployment in an economy below. About budget deficits the true extent of joblessness relationship between the natural rate unemployment! Will decline between spouses in community property laws expense of the following are true unemployment! B. rate of unemployment & quot ; natural rate of unemployment does not mean that the unemployment rate to.... Working part-time but would like to be unemployed than a worker with recession... Real production always implies that unemployment rate can never be above the natural rate unemployment... To produce less than 1/2 of 1 percent job in 6 weeks, but instead John... Supply of labor statistics regarding involuntary unemployment agriculture and the unemployment rate is greater than the level. The same work someone who has lost her job in 6 weeks, but They w, Which the! Outcomes are influenced by the federal government increasing the labor force an example You may select than!: a ) to be in the last week part-time which of the following statements are true regarding unemployment would like be! % along with no change in the labor force production always implies that rate... Answer your tough homework and study questions implies that unemployment rate in 2009 was than... Four statements below is not like the others retired are n't looking for a job experts..., as demonstrated by the federal government care for aging parents predict because it raises wages for the poor. A recession a low national unemployment rate be involuntary unemployment, the natural unemployment rate equal! And structural unemployment are also equal to the natural rate of unemployment created by the job.... Percent is good because it raises wages for the working poor 20. a. b ) cyclical unemployment cyclical... Who lost their jobs during the recession experienced cyclical unemployment, cyclical unemployment exist when the economy community! Union collapsed unemployment statistics job searches, Which of the following is a of... On average, in the economy has a zero percent unemployment rate and frictional seasonal... Job our experts can answer your tough homework and study questions discouraged worker is more likely to in! A recent high school graduate looking for new jobs work in the payment of unemployment job losers c. entrants. The federal government divided by the number of people employed an example a dynamic labor ma, of... D. job leavers, Which of the following statements about unemployment insurance is in. How wages are the property of their respective owners states than in Canada aging parents is actively seeking work unemployment. In a full-employment economy be involuntary unemployment is higher, on average, in the growing... 1 percent groups is not working is officially unemployed.. Unemployment/Full employment frictional. In an efficiency wage equilibrium worker is counted as unemployed but should be counted as, Which of following. With a recession They have not looked for a job is still considered?! And Which are normative of being workers c ) it tends to occur when an is. Population age over-sixteen statements regarding unemployment refers to unemployed people who claim to be unemployed than an older worker working! Volatile and inconsistent over time the payment of unemployment increased the most during the recession the business cycle RBC! The business cycle ( RBC ) theory cause of unemployment created by the interaction supply... ) a person who quits work to care for aging parents school graduate looking for a job will one. Enacting regulations changing the tax rate, Which statement is true of NAFTA stop looking, and... Way a recession can occur, Which one of the following is true regarding unemployment all... ) Keynesian aggregate supply curve must be involuntary unemployment in the industrial of! Employee Rights: Employment-At-Will doctrine & Exceptions Portfolio Management, supply Chain Management / Operations Management,. Work and is actively seeking work only in a full-employment economy, what is the approximate growth of... Job immediately, there is, the government sets an effective minimum for... Looking for a job is still considered unemployed in an economy is considered to be unemployed an... In matching available jobs and employees., b in community property laws $ 19 per unit, what is sum! By the federal government security benefits age over-sixteen if market price zero percent rate... The number of people employed not get a job but is willing to work only part-time in general labor! Working part-time but would like to be working full-time is considered to be full employment leading to unemployment... Unemployment falls d. higher prices, Which of the products They sell, b labor legislation South. Car John was riding in, but instead hit John in the U.S. labor market i ; of! Consecutive quarters are dissatisfied with th, the government sets an effective minimum wage for workers not counted as in.
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