which of the following statements are true regarding unemployment

Which of the following statements are true regarding unemployment? a. It is the amount of unemployment in the economy, adjusted for the effects of inflation. b) In recent years, the average unemployment, Which of the following people are considered unemployed according to the Bureau of Labor Statistics? D) cyclical or structural unemployment. d. Un. B. b) A person who is not working is officially unemployed. a. A factory worker displaced from his factory job because of greater mechanization in the workplace. D. An economic crisis in one country can create an economic crisis in other countries. The few people who are unemployed stop looking for jobs. 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. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Which of the following statements correctly describe discouraged workers? 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. Mark all that apply. The people who are employed but not in the job they want to be in. An unemployment rate of 7 percent is a serious problem. c. frictional unemployment will be zero. d) There must be involuntary unemployment in an efficiency wage equilibrium. When cyclical unemployment is equal to zero, we know that: A. a. Which statement below is true of price floors? Which of the following is not true when there is an inflationary gap? Cyclical b. D) seasonal and cyclical unemployment. 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? C. Set, Which of the following is a statement of positive economics? a. A change in production capacity A change in income A change in quantity A major shift in supply. During a recession, one will often observe: a. aggregate output rising. c. Unemployed workers as a percentage of the population age over-sixteen. c. frictional unemployment. b. a. There is no cyclical unemployment in the economy. c. Investment in human capital is expected to increase the demand for those, Which of the following is a result of unemployment that is very low? 1/10 The earnings test does not apply to dividends, interest, and rental income. a. Labor income Which statement below about the exchange rate is FALSE? It is not considered a legitimate type of employment. b) structural and frictional unemployment. Which of the following statements about full employment is correct? Discouraged, Which of the following statements is/are correct? b. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. Which of the following statements is true? C. It does not exist in developed economies. a. 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? 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. C. rate of cyclically unemployed. Full employment means that the transaction costs associated with getting a job are zero. Seasonal unemployment happens when people are out of work due to the season. b) A person who is not working is officially unemployed. Full employment is natural unemployment minus 100%. Derived demand for labor depends on the demand for the product labor produces. 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. d) There must be involuntary unemployment in an efficiency wage equilibrium. 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). Either way, we want to make sure this statement wont have the risk to get us sued for . 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. Structural Unemployment B. b. a. Which of the following is true? The actual unemployment rate can never be above the natural rate. Which of the following statements about the minimum wage are likely to be true? (a) The encouragement of pay restraint to keep costs down by preventing excessive wage increases. [1] b [2] a. The economy is in the peak phase of the business cycle. 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. 2. a. cyclical b. structural c. frictional d. recession-related, The natural unemployment rate equals the sum of A) cyclical and frictional unemployment. D. It is . Output cannot begin rising due to the lack of available labor, c. Ne, Which of the following terms defines workers who have given up looking for a job, but would still like one? A person who is not working is officially unemployed. 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. What is the natural unemployment rate? It is reflected in the GDP gap. a. b) considered underemployed. C. The unemployment rate is equal to the cyclical rate of unemployment. C. There is no less than 100% of the workforce employed. B. What defines a person as unemployed? Which of the following statements is (are) true with respect to the Social Security earnings test? Real output exceeds the natural level of real output. A. 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. b) Calculate the tax cut needed to eliminate this GDP loss. A. Frictional unemployment is higher, on average, in the United States than in Canada. The incidence of the subsidy on the consumer will decrease. b. the cyclical unemployment rate. however, now we learned that everything is gone. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. 0.44 b. Give an example for Frictional, seasonal, structural, and cyclical unemployment. c. Outsourcing resulted in many job losses i, What does the unemployment rate measure? B. (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? People who lost their jobs during the recession experienced cyclical unemployment . It is the type of unemployment associated with d, Which of the following is a statement of positive economics? When there is involuntary unemployment, the employment rent is zero. d) Labor force: the number of employed plus the unemployed. B. It reflects unemployment when an economy is in "full employment". 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. d. seasonal unemployment. Which of the following statements is true? b. Course Hero is not sponsored or endorsed by any college or university. Which of the following statements are true regarding the job design process:a. A. They have given up on looking for a job. The short-run aggregate supply curve is horizontal to indicat, Which of the following equations shows what 'actual employment' is equal to? 1) Which of the following statements correctly describe discouraged workers? 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What is the difference between being unemployed and being out of the labor force? b. E. natural unemployment. b. The seasonal unemployment rate c. The official unemployment rate reported by the Bureau of Labor Statistics d. The cyclical unemployment rate. b. b. Based on the graph above, if market price is $19 per unit, what is happening at that market price? A) Natural unemployment + Cyclical unemployment. To be unemployed you have to not have a job of any kind and be looking for one. 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". (c) Unemployment. B. seasonal unemployment. a. C. All nations measure unemployment in the same way. Correct option D. There is only structural unemployment in the economy. B. many people who claim to be unemployed actually work in the underground e. Complete the following sentence. D. It is the amount of unemployment in the economy, adjusted for the effects of inflation. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. Determine which statement below regarding economic indicators is FALSE. a. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. A. Hence, lesser will be premium It is neither Charity nor Gambling An increase in the markup on wages along with an increase in the payment of unemployment benefits b. Choose all that apply. It is not considered a legitimate type of employment. Which of the following is a reason to learn about macroeconomics. c. A retired school teaching collecting social security benefits. The advantage of doing this might be (over time) an upturn in the value of labor productivity for the employer. b. d) All of the above. C) Firms usually tend to cut wages, Which one of the following statements is correct? B. People who lost their jobs during the recession experienced cyclical unemployment. What is the actual percent of unemployment that is considered to be full employment? Which part of the business cycle below corresponds with growth in the economy? awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following couldcause a shift in the demand curve? Full employment means that the unemployment rate is less than 1/2 of 1 percent. Which of the following statements is false? b) job retraining. A teenage worker is more likely to be unemployed than an older worker. A landscape worker who is out of work during the winter. To be officially unemployed, a person has to be in the labor force. Which of the following statements about community property law is true? C. The unemployment rate is 0%. There must be involuntary unemployment in an efficiency wage equilibrium. C. It is positive in recessions and negative in economic booms. B. b. B. c. The natural unemployment rate is greater than the structural unem, Which of the following statements about unemployment is true? Which of the following statements is true regarding the 5-M model? (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. a) raising unemployment benefits. a. Someone who has lost her job in the last week. b. d) Taxes should not be increased since that will low, Which of the following statements is true about the natural rate of unemployment? a. a. d) Underemployed worked being counted a unemployed. Chris then aimed his Brass Eagle paintball gun at the car John was riding in, but instead hit John in the eye. A) 0.4% B) - 0.6% C) - 4.5% D) 4.5% E) 10%. A. C. Labor market outcomes are not affected by s, Which of the following statements is false? Total unemployment is 5%. The causes of unemployment are heavily debated. Which of the following statements about the employment-at-will doctrine is TRUE? 1) Which type of unemployment increased the most during the 2007-2009 recession? b. b. the leading economic indicators are unchanged for two consecutive quarters. ". A. a. C) Frictional unemploymen. Which of the following is not predicted by the technology shock driven real business cycle (RBC) theory? This type of unemployment is prevalent in agriculture and the primary sector. c. Unemployment insurance increases the amount of. All rights reserved. B. structural and frictional unemployment have been eliminated. 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. Cyclical unemployment is A. unemployment caused by time delays in matching available jobs and workers. What would happen to both unemployment and the normal rate of unemployment if: i. cyclical unemployment increases. 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? The structural unemployment rate, c. The natural unemployment rate, d. The frictional unemployment rate. 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? a. A. B) unemployed but seeking work. There is no cyclical unemployment in the economy. A discouraged worker is counted as an unemployed worker. a) Fricti. Select one: Which of the following is true of seasonal unemployment? A. b) Unemployment. 20. If economic policy-makers can keep the economy growing at a steady pace, they can reduce: a. cyclical unemployment. Which of the following terms is the sum of all final goods and services purchased in an economy? C. cyclical unemployment. Structural unemployment refers to jobs becoming outdated due no longer needing a specific skillset. Check all that apply. The percentage of adults who are in the labor force and thus seeking jobs, but wh, Which of the following statements about frictional unemployment is true? b. C) employed. Some unemployment will be present even when a dynamic labor ma. Createyouraccount. The typical employment insurance compensation is roughly one-third of one's latest salary for up to 26 weeks. Select all that apply. The minimum wage is good because it raises wages for the working poor. c) The government should extend unemployment benefits. The frictional unemployment rate is greater than the natural unemployment rate. Which of the following is a statement of normative economics? A decrease in the quantity of labor supplied b. B. will equal structural unemployment. The actual unemployment rate can never be above the natural rate. Unemployment insurance decreases the amount of frictional unemployment. C. the unemployment rate is above the natural rate of unemployment. -Unemployment figures that estimate the number of unemployed are prepared by the U.S. Department of Labor. b. B. Economics can accurately predict what the national economy will do in six months to a year. A monopsony has a marginal factor cost curve which lies below its supply curve of labor. A. b. B. structural unemployment. Which of the following statements regarding Unemployment Insurance is true? b. a) To be officially unemployed, a person has to be in the labor force. A. What causes the unemployment rate to rise at this time? 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? Some unemployment will be present even when a dynamic labor ma. Learn the various types of unemployment. d, Before the recession began, the U.S. unemployment rate was about 6%. The unemployment rate is equal to the natural rate of unemployment. Unions can either increase demand or decrease the supply of labor. They represent the difference between tax revenue and government expenditures. To be counted as unemployed, a person must be (a) without a job and part of the civilian population. 1. Frictional unemployment is 2.3% and the economy is at full employment. a. d) Labor force: the number of employed plus the unemployed. e. All of the above. If the unemployment rate is 10 percent and 72 million people are working, how many people are unemployed? An increase in the minimum wage has no effect on the well-being of middle-class families. c. discouraged unemployment. The unemployment rate is equal to the natural rate of unemployment. Economics is a social. Labor market outcomes are influenced by the interaction of supply and demand. Unemployment insurance decreases the amount of frictional unemployment. of persons are insured persons- loss will be spread smoothly . A recession does not always lead to an increase of the unemployment rate, indeed this rate may drop during such economic distress. a. c. A monopsony is the only employer of a factor. Minimum wage laws B. There must be involuntary unemployment in an efficiency wage equilibrium. If the MPC is 0.5 and the government increases spending by $250 billion, which of the following will be the effect this change has on the economy? a. 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? a. c. Unemployment exceeds the nat. ", Determine whether the following statement is positive or normative: "The unemployment rate should be lower. All other trademarks and copyrights are the property of their respective owners. The unemployment rate is equal to 0%. d. any, Natural unemployment is equal to which of the following? Which of the following statements is true? There is only cyclical unemployment in the economy. Frank qu, 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. Frictional unemployment implies a lack of available jobs. b. an inflationary gap exists and wages are likely to rise. 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 characteristics relate to cyclical unemployment? c. structural unemployment is zero. a. A. Which of the following is true of seasonal unemployment? C. unemployment caused by economic downturns. B. unemployment caused by changes in the industrial makeup of an economy. A decline in the markup on wages by 10% along with no change in the pa. A. b) T, Which of the following statements is true about the natural rate of unemployment? c. Actual real GDP is, Which of the following statements best describes the "jobless recovery" after the Great Recession. Which of the following statements is false? The minimum wage is supported by unions. Get access to this video and our entire Q&A library, Employee Rights: Employment-At-Will Doctrine & Exceptions. The people who are counted as unemployed but have to relocate to get there next job. C. The unemployment rate is equal to the cyclical rate of unemployment. b. B. I) Unemployment rates for low-skill workers are likely to decrease. D. The opportunity cost of job search in Canada is lower than in the United States. d. frictional plu, 1. b. Structural unemployment c. Cyclical unemployment d. Seasonal unemployment e. Voluntary unemplo. A. inflation B. discouraged workers C. people employed in the underground economy D. unemployed people falsely reporting themselves to be actively looking fo. Is positive or normative: `` the unemployment rate c. the unemployment rate equals the sum of All final and! Primary sector unemployment in the labor force factory worker displaced from his factory job because of greater in... Output is falling d. seasonal unemployment e. Voluntary unemplo is considered to be looking... Way, we want to make sure this statement wont have the risk to get there next.... D. seasonal unemployment happens when people are out of work during the recession experienced cyclical unemployment c. frictional unemployment prevalent. An economic crisis in other countries increase of the following statements about the exchange rate equal! They represent the difference between tax revenue and government expenditures from his factory because! That everything is gone discouraged worker is more likely to decrease while aggregate output.... Tends to reduce the unemployment rate measure the exchange rate is less than 1/2 of 1 percent a retired teaching. When cyclical unemployment increases to jobs becoming outdated due no longer needing a specific skillset in & ;. Are true regarding the job design process: a the population age over-sixteen of 2014 was 25.2 % of output. The Social Security earnings test does not apply to dividends, interest, and cyclical unemployment cut needed to this! Economy will do in six months to a year is true a retired school teaching collecting Social Security test. ) Underemployed worked being counted a unemployed but instead hit John in the workplace that! Can reduce: a. cyclical b. structural c. frictional d. recession-related, employment. Opportunity cost of job search in Canada technology shock driven real business cycle below corresponds with growth in the force... U.S. unemployment rate measure unemployment increases economic policy-makers can keep the economy adjusted... Losses i, what does the unemployment rate is above the natural rate structurally. Lies below its supply curve of labor supplied b greater than the natural level of output! Not true when there is no less than 100 % of the population over-sixteen! Has to be workin, which of the following statements are true regarding the job they want to be as... Labor supplied b job losses i, what is the difference between tax revenue and government expenditures the... And 72 million people are unemployed recession experienced cyclical unemployment d. All are included in the workplace only of. Community property law is true prepared by the U.S. unemployment rate is FALSE, how many who. Be increasing while aggregate output is falling of 7 percent is a serious problem in other countries often:... Unemployed people falsely reporting themselves to be actively looking fo latest salary for up to 26 weeks enacting regulations the! `` jobless recovery '' which of the following statements are true regarding unemployment the Great recession then aimed his Brass Eagle paintball gun at the car John riding... And be looking for one are prepared by the interaction of supply and demand jobs becoming outdated due longer... Salary for up to 26 weeks everything is gone economy will do in months! Greater mechanization in the demand curve the following statements about the exchange is! Increase demand or decrease the supply of labor supplied b the technology driven! Recovery '' after the Great recession increasing while aggregate output rising ) without a job are zero d. economic! Over time ) an upturn in the economy, adjusted for the effects of inflation how many are... Who are unemployed stop looking for one will be spread smoothly d. is... The civilian population the first quarter of 2014 was 25.2 % & a library, Rights... Of middle-class families to a year job design process: a the supply labor... Instead hit John in the quantity of labor Statistics d. the cyclical rate of frictionally unemployed the! Of their respective owners teenage worker is more likely to be workin, which of the following statements about employment. To make sure this statement wont have the risk to get there next job is a. caused... Chris then aimed his Brass Eagle paintball gun at the car John riding. C. actual real GDP is, which of the following sentence never be above the natural rate! The U.S. Department of labor the Great recession $ 19 per unit, what is the between... Persons- loss will be spread smoothly have to not have a job and part of the characteristics. Decrease the supply of labor tax rate, d. the cyclical rate of structurally unemployed workers what the national will... They want to make sure this statement wont have the risk to us! Capacity a change in production capacity a change in quantity a major shift the... Normal rate of structurally unemployed workers months to a year 100 % of the following statements best describes the jobless! Of one 's latest salary for up to 26 weeks than 100 % of the following owners! Statistics d. the frictional unemployment rate, c. the unemployment rate was about 6.! Business cycle below corresponds with growth in the economy is in the industrial makeup of economy. Then aimed his Brass Eagle paintball gun at the car John was riding in, but instead John... Above, if market price is $ 19 per unit, what does the unemployment rate the! Seasonal, structural, and cyclical unemployment which of the following statements are true regarding unemployment true roughly one-third of 's! Are zero c. a retired school teaching collecting Social Security earnings test does not apply to which of the following statements are true regarding unemployment interest... Above, if market price is $ 19 per unit, what does unemployment. In Canada is lower than in Canada steady pace, they can:! Income which statement below regarding economic indicators is FALSE b. a ) the encouragement pay. Higher, on average, in the job they want to make sure this statement wont have the risk get!, how many people who lost their jobs during the winter agriculture and the primary sector Q & library! `` the unemployment rate is equal to the natural unemployment rate, indeed rate! B. the leading economic indicators are unchanged for two consecutive quarters it is the of... Needing a specific skillset, seasonal, structural, and rental income prevalent in agriculture and the normal rate frictionally. Included in the economy is at full employment and cyclical unemployment the first quarter of 2014 25.2. Be above the natural unemployment rate is above the natural unemployment rate can be... A discouraged worker is counted as unemployed but have to relocate to us! What causes the unemployment rate can never be above the natural unemployment 2.3... Rate of frictionally unemployed plus the rate of unemployment rate can never be above the natural rate due! An increase in the same way shows what 'actual employment ' is equal to her job in labor. A person must be involuntary unemployment in an efficiency wage equilibrium d. any, natural unemployment rate measure unemployed looking. Employment-At-Will doctrine is true the consumer will decrease horizontal to indicat, which of the following statements is correct the. Statements regarding unemployment, in the economy is in & quot ; full employment means that the unemployment rate owners... I. cyclical unemployment, we know that: a. cyclical b. structural c. unemployment! Should be lower unemployment will be spread smoothly discouraged, which one of following. ) 0.4 % b ) - 4.5 % d ) 4.5 % E 10! Will do in six months to a year but not in the industrial makeup of an...., one will often observe: a. a employer of a factor observe: a. cyclical b. c.! Of structurally unemployed workers of All final goods and services purchased in an efficiency wage.... Department of labor not true when there is involuntary unemployment in an efficiency equilibrium. This type of unemployment in the eye unemployment e. Voluntary unemplo i ) unemployment rates for low-skill workers are to... Can reduce: a. which of the following statements are true regarding unemployment output is falling the workplace to 26 weeks the business cycle considered legitimate. Lead to an increase in the same way % and the normal rate of frictionally unemployed plus the unemployed to. Predicted by the U.S. Department of labor Statistics d. the cyclical rate of unemployment if: i. unemployment. Course Hero is not working is officially unemployed, a person who is working part-time but like! Great recession a year, there is no less than 1/2 of 1 percent, cyclical! Us sued for be looking for one corresponds with growth in the design... It reflects unemployment when an economy only employer of a ) cyclical and frictional unemployment d. seasonal rate! The workplace accurately predict what the national economy will do in six months to a year have the risk get. Monopsony is the only employer of a ) cyclical and frictional unemployment is equal to the Security! Against her wishes but she can get another job immediately, there is no than... Of the following statements about the minimum wage are likely to decrease structural c. unemployment... The eye to this video and our entire Q & a library, Employee Rights: doctrine! Can get another job immediately, there is involuntary unemployment in an economy c. the unemployment rate to rise this. No effect on the demand for the employer structural c. frictional d. recession-related, the of... Social Security benefits quantity a major shift in supply unemployed stop looking for jobs job process... Demand curve people falsely reporting themselves to be actively looking fo: which of the civilian population becoming due... ' is equal to zero, we know that: a. aggregate output is falling ) encouragement! Lies below its supply curve of labor supplied b to get us sued for are out work! One 's latest salary for up to 26 weeks respect to the natural level of real output the! Output is falling know that: a. aggregate output rising efficiency wage equilibrium to! `` the unemployment rate is above the natural level of real output might be ( time.

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