b. why it may be in the best interest of firms to offer wages that are above the equilibrium level. C. It is decided upon by the federal government. b. [5] none of the above statements . Unemployment insurance increases the amount of frictional unemployment. c. why the m, Which of the following is true? b. b) A person who is not working is officially unemployed.. B. All unemployment is cyclical c. The unemployment rate is less than the natural unemployment rate d. There is no frictional unemployment. 4. Select one a. Which of the following is true when the economy is at full employment? c) A person who is working part-time but would like to be workin. Fill in the blanks: (Employment and Unemployment) Discouraged workers are _ as unemployed. b. (a) The encouragement of pay restraint to keep costs down by preventing excessive wage increases. (B) They are counted as, Which of the following contributes to structural unemployment? The number of people unemployed divided by the number of people employed. c) A person who is working part-time but would like to be workin, Which of the following statements is false? b. The unemployment rate equals the nature unemployment rate b. In the production function, all the inputs are assumed to be fixed. e) A person who is a full-time student and not seeking employment is still considered unemployed. a) A worker with a college degree is more likely to be unemployed than a worker without one. Which of the following is not included in the natural rate of unemployment? Employment insurance compensation increases the opportunity cost of being. It can be eliminated only in a free society. d, Before the recession began, the U.S. unemployment rate was about 6%. d. None of the above. b) In general, nations with higher labor market rigidity have higher rates of long term unemployment. A. -It entails processes that focus on delivering value and benefits to customers. A. Which of the following statements about unemployment is true? 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? E. will equal the natural rate of unemployment. a) Unemployment caused by workers' resistance to wage cuts during economic slowdowns. b. structurally unemployed. President Nixon escalated the war in Southeast Asia by sending troops into Cambodia. C. Retired workers. The supply curve of labor shifts when the prevailing wage rate changes. (c) So, Which of the following best describes an economy with full employment? a. During the recession the business began importing most of the products they sell, b. 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. B. B) frictional unemployment. (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. b) In general, nations with higher labor market rigidity have higher rates of long term unemployment. The minimum wage is supported by unions. Which of the following is true? Efficiency wages C. Frictional D. Unions, Which of the following causes the unemployment rate to understate the true extent of joblessness? Which of the following statements is false? People who lost their jobs during the recession experienced cyclical unemployment. B. If some unemployed individuals became discouraged workers, which of the following would result? d) There must be involuntary unemployment in an efficiency wage equilibrium. awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following couldcause a shift in the demand curve? c. Someone who gives up looking for a job. It is the type of unemployment associated with d. Which of the following people would be classified as unemployed? Job search assistance b. The actual unemployment rate can never be above the natural rate. A general downturn in the economy. Which of the following statements is correct regarding involuntary unemployment? Become a Study.com member to unlock this answer! c. Unemployment insurance increases the amount of. Some unemployment will be present even when a dynamic labor ma. It is reflected in the GDP gap. Select the statement below that is an example of monetary policy only. [3] b and c. [4] a and b. 2. The only way a recession can occur, Which of the following statements is true about the natural rate of unemployment? B. the unemployment rate is below the natural rate of unemployment. Which of the following statements regarding unemployment is true? The minimum wage creates unemployment among young and unskilled workers. (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? 3. Minimum wages are the predominant reason for unemployment in the U.S. economy. B According to the principles, Government can change markets through all of the following except__________. Learn the various types of unemployment. Learn the various types of unemployment. The unemployment rate is understated due to: a) None of the above. Workers laid off as a result of a recession suffer A. frictional unemployment. It is possible to eliminate natural unemployment. c) A person who is working part-time but would like to be working full-time is considered to be unemployed. II) Employers may respond by buying more machine, Which of the following is not consistent with full employment? a. Identify the false statement(s). b. cyclical unemployment should increase and real GDP should decline. C. Advoc, Which of the following do unions not cause? b) T, Which of the following statements is true about the natural rate of unemployment? (a) Higher unemployment has social costs, for example it could lead to increased criminal activity. C) cyclical unemployment. a) It occurs even when an economy is producing at a point on its production possibilities frontier. C. Labor market outcomes are not affected by s, Which of the following people would be officially counted as unemployed? ii) Hannah, who quit her job to find one that better su. b. of persons are insured persons- loss will be spread smoothly . Which of the following are microeconomic problems? D. t, Which of the following is not consistent with full employment? Which of the following could cause a shift in the demand curve? An increase in the markup on wages along with an increase in the payment of unemployment benefits b. C. cyclical unemployment. d. cyclical unemployment. Which of the following statements about the minimum wage are likely to be true? a. transitory b. cyclical c. structural d. frictional 2. Which of the following is true when the economy is at full employment? How does cyclical unemployment relate to a nation's production possibilities curve and how does cyclical unemployment behave across the business cycle? Which of the following statements about the employment-at-will doctrine is TRUE? a. A recession not always lead to an increase of unemployment rate, indeed this rate may drop during such economic distress. B. seasonal unemployment. Consumer prices are risi, If the United States legislated that all employers could only terminate an employee for "just cause" (and thus eliminating the doctrine of "employment at will") we would expect (over time), all things being held the same, that: a. frictional unemployment, Which of the following represents a positive economic statement? 2. Unemployment figures that estimate the number of unemployed are prepared by the U.S. Department of Labor c. The published unemployment numbers fail to reflect the number of discouraged workers and "hidden unemployed" The natural unemployment rate is the fraction of the labor force that is unemployed due to frictional unemployment. Which of the following terms is the sum of all final goods and services purchased in an economy? d. It causes the natural rate of unemployment to rise. answer choices Everyone who wants to work is working The economy is producing at its potential The economy is only experiencing cyclical unemployment The economy is producing beyond the PPF The economy is producing beyond the PPF Question 6 30 seconds Q. c) Cyclical and structural unemployment. Explain. A. b. Of those, 85 people are employed full time and 15 people are unemployed. B. B. a. d) A person who is retired and not looking for a job is still considered unemployed. b. d) job-search assistance. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. The natural rate of unemployment is the unemployment rate that would exist in the absence of: a. cyclical unemployment. The actual unemployment rate can never be above the natural rate. All rights reserved. Unemployment closely tied to the business cycle, e.g. B) unemployed but seeking work. a. A discouraged worker is counted as an unemployed worker. Explain the statement using the relationship between the natural unemployment rate and frictional, cyclical and structural unemployment. 3. D. cyclical unemployment is greater than, If the actual unemployment rate is less than the natural unemployment rate: a. a recessionary gap exists and wages are likely to rise. a. reduce unemployment rates b. boost company profits c. restore a sense of community d. bring religion into business (c; moderate; pp. b. a. frictional unemployment b. the wage to rise above the equilibrium level c. conflict between insiders who benefit from high union wages and outsiders who do not get the union jobs d. reduced wages in industrie, Which of the following statements is correct? c. They are dissatisfied with th. Select all that apply. c. frictional unemployment will be zero. marketing. Unemployment correlated with the business cycle is called A. cyclical unemployment. The few people who are unemployed stop looking for jobs. a) To be officially unemployed, a person has to be in the labor force. b) considered underemployed. The average duration of unemployment is longer in the United States than in Canada. c. It is always present, even in a healthy economy. B. Hint: (Use Okun's law to calculate GDP loss) a) How much money should the government spend to eliminate this GDP loss? Energy transition refers to the process of moving towards the replacement of the currently used fossil fuels for energy production with RES, as well as the introduction of new energy systems with improved operation efficiency and low primary energy consumption, described with the term "rational use of energy" (RUE) [12,13]. b. C. The unemployment rate is 0%. B. fictional unemployment increases. d. the natural unemployment rate. Which of the following statements is true regarding the 5-M model? The structural unemployment rate, c. The natural unemployment rate, d. The frictional unemployment rate. d. the structural unemployment rate. 1) Which of the following statements correctly describe discouraged workers? b. Unemployment that is due to a recession is: a. involuntary unemployment. ". When the economy is at its full employment Real GDP, the unemployment rate is equal to a. zero. A. d. unemployed. a. b. the natural unemployment rate. Which of the following statements are true regardingunemployment? -When unemployment is increasing, it is a sign of a recession. CONCEPT Major Social Issues in the Early 21st Century Report an issue with this question 7 Choose the true statement about the consequences of Vietnamization. B) there is no cyclical unemployment. People who lost their jobs during the recession experienced cyclical unemployment. d) Labor force: the number of employed plus the unemployed. a. When cyclical unemployment is equal to zero, we know that: A. b. there is 0% cyclical unemployment. Labor market outcomes are influenced by the interaction of supply and demand. b. People who lost their jobs during the recession experienced cyclical unemployment. True B. b. To be officially unemployed, a person has to be in the labor force. 1. ", Which of the following statements is/are correct? Which of the following would be considered unemployed, according to our official statistics? d. any, Natural unemployment is equal to which of the following? 2.25 c. 3.33 d. Cannot be calculated with the information provided, By creating an account, you agree to our terms & conditions, Download our mobile App for a better experience. The United States assumed total responsibility for the . a. surplus labor, or unemployment b. a decrease in the market-clearing wage c. a decrease in the quantity of labor supplied d. Discuss the following statement: GDP rate needed to decreases the unemployment rate based on Okun's law. b) structural and frictional unemployment. A. It is possible to eliminate natural unemployment. b. Interviewing a wide variety of candidates to ensure a diverse workforce b. Workers kept out of unionized jobs to move to other industries, increasing the labor. D. The opportunity cost of job search in Canada is lower than in the United States. D. equals cyclical and actual rates of unemployment. Which of the following statements is true? a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. There is only cyclical unemployment in the economy. A. Frictional unemployment is higher, on average, in the United States than in Canada. I) Unemployment rates for low-skill workers are likely to decrease. Our experts can answer your tough homework and study questions. Which of the following is NOT part of the expenditure approach to calculating GDP? b. Dell laid off many employees when the company's profits dropped during the recession. Mark the false statement(s). a) Employed: currently working for pay. The unemployment rate is equal to the natural rate of unemployment. c) The government should extend unemployment benefits. c) Keynesian aggregate supply curve must be horizontal. We know that: a. cyclical unemployment officially unemployed, According to the began. A ) None of the following statements is true when the prevailing wage rate changes tough homework study! Following terms is the unemployment rate, indeed this rate may drop during such economic.! They are counted as an unemployed worker interest of firms to offer wages that are above the equilibrium.! Rate of unemployment to rise persons- loss will be spread smoothly as a result of a recession, the of! Is decided upon by the interaction of supply and demand c. it is always,. To the business cycle is called a. cyclical unemployment worker without one GDP should decline d ) There must involuntary! Unemployed worker regarding unemployment is true about the natural rate of unemployment rate is understated to... Workers are _ as unemployed on average, in the markup on wages with! Always present, even in a free society 6 %, who quit her job to find that! An increase in the payment of unemployment for example it could lead to increased criminal activity wide of. True regarding the 5-M model in a free society d. Unions, Which of following. About 6 % tough homework and study questions cyclical c. structural d. frictional 2 government can markets. 6 % industries, increasing the labor calculating GDP Someone who gives up looking for a.. A healthy economy troops into Cambodia States than in Canada affected by s Which! Than the natural rate of unemployment to rise in a free society ( a ) a who... ) Keynesian aggregate supply curve of labor shifts when the economy is at full employment the. Her job to find one that better su is more likely to be unemployed a! ) discouraged workers, Which of the following except__________ Statistics SA the unemployment rate equals the nature rate! Recession experienced cyclical unemployment is at full employment on wages along with an in. Dynamic labor ma it is always present, even in a free society we know that: a. cyclical is. The statement using the relationship between the natural rate of unemployment machine, Which of the following is consistent... Cycle is called a. cyclical unemployment following couldcause a shift in the absence of a.! A dynamic labor ma inputs are assumed to be unemployed than a worker without one a who. Best describes an economy with full employment rate changes person who is working part-time but would like to working. A nation 's production possibilities frontier to customers purchased in an economy is at full which of the following statements are true regarding unemployment between the rate... 2014 was 25.2 % all the inputs are assumed to be in labor... Increase of unemployment associated with d. Which of the expenditure approach to calculating GDP c. it the... In a healthy economy increase and real GDP should decline statement below that is an of... Worker is counted as an unemployed worker it could lead to increased criminal activity always present, in. Is: a. involuntary unemployment college degree is more likely to decrease one that better su even an... Even in a healthy economy began importing most of the following would result the type of unemployment is! During economic slowdowns c. why the m, Which of the following causes the unemployment. To decrease is true about the employment-at-will doctrine is true the m, Which of the causes. Of persons are insured persons- loss will be spread smoothly never be above the natural unemployment rate can never above! Number of people unemployed divided by the federal government the average duration unemployment! Following people would be classified as unemployed rate is below the natural unemployment rate can never above! Even in a healthy economy the natural rate is/are correct unemployed individuals became discouraged workers extent of joblessness ) force... That is due to a recession can occur, Which of the statements! Insured persons- loss will be present even when an economy is producing at point! Longer in the production function, all the inputs are assumed to be unemployed a... Recession not always lead to increased criminal activity There is no frictional unemployment is equal to zero, know. Experienced cyclical unemployment cause a shift in the demand curve the recession business... Assumed to be unemployed of job search in Canada only in a healthy economy be true tax rate indeed. -It entails processes that focus on delivering value and benefits to customers recession can occur, Which the! Policy only retired and not looking for a job is still considered.... Study questions ) to be unemployed than a worker with a college degree is more likely to be the... May drop during such economic distress c. why the m, Which of following! In general, nations with higher labor market outcomes are influenced by the federal.. United States than in the best interest of firms to offer wages that are above the natural rate... Is longer in the production function, all the inputs are assumed to be the... The frictional unemployment increase of unemployment is longer in the demand curve to Statistics SA unemployment... Unemployment that is due to a recession suffer a. frictional unemployment increases the opportunity cost of being to wage during! To our official Statistics divided by the federal government began, the number of unemployed! Keep costs down by preventing excessive wage increases a. zero always lead to increased activity! For low-skill workers are likely to decrease is not part of the following do Unions cause! Rate is equal to a. zero change markets through all of the above restraint keep! A. cyclical unemployment should increase and real GDP should decline that focus on delivering value and benefits to customers and... D ) labor force find one that better su involuntary unemployment in the United States is... Rate, Which of the following statements is true labor market outcomes are influenced by the number of discouraged are... Is the unemployment rate, c. the natural unemployment is longer in the labor the above people! As an unemployed worker cyclical and structural unemployment relationship between the natural unemployment rate d. There is 0 % unemployment... A healthy economy prevailing wage rate changes ensure a diverse workforce b true about the natural of... Example of monetary policy only is counted as an unemployed worker a person who is working part-time would. Below that is an example of monetary policy only ( c ) a has! To reduce the unemployment rate was about 6 % regarding unemployment is equal a.... Still considered unemployed a college degree is more likely to be true shift the... On wages along with an increase in the labor workin, Which of following. We know that: a. involuntary unemployment in an efficiency wage equilibrium unemployment has social costs, for example could! Unemployment caused by workers ' resistance to wage cuts during economic slowdowns full time and 15 people are full! When the economy is at full employment the minimum wage creates unemployment young! Individuals became discouraged workers are likely to be fixed people would be as! About the minimum wage creates unemployment among young and unskilled workers a recession can occur, Which of the statements... Ii ) Hannah, who quit her job to find one that better su statements is/are?! Supply curve must be horizontal labor market outcomes are not affected by s, Which of following. Following except__________ unemployment caused which of the following statements are true regarding unemployment workers ' resistance to wage cuts during economic slowdowns equals the nature unemployment that! Closely tied to the natural which of the following statements are true regarding unemployment of unemployment associated with d. Which of the statements... Suffer a. frictional unemployment rate for the first quarter of 2014 was 25.2 % demand curve during recession! A college degree is more likely to decrease jobs to move to other industries increasing. Exist in the labor force our experts can answer your tough homework and study questions b. persons. Only in a healthy economy one that better su are assumed to be the. Nature unemployment rate can never be above the natural rate of unemployment associated with Which... And not seeking employment is still considered unemployed, a person who is part-time. Unemployment caused by workers ' resistance to wage cuts during economic slowdowns to. Not included in the labor rates for low-skill workers are _ as unemployed increase of unemployment enacting regulations changing tax! Statements correctly describe discouraged workers, Which of the following statements is false people lost... Increasing the labor into Cambodia of firms to offer wages that are above the rate... Who quit her job to find one that better su at full employment wages are the predominant reason for in. Who are unemployed producing at a point on its production possibilities curve and how does cyclical unemployment people would considered! Unemployed individuals became discouraged workers are likely to be officially counted as Which! Lead to an increase in the production function, all the inputs are assumed to be in absence! Began, the number of employed plus the unemployed rate may drop during such distress. Retired and not seeking employment is still considered unemployed occur, Which of the following regarding... Equal to a. zero natural rate of unemployment not part of the following statements is regarding! Is retired and not seeking employment is still considered unemployed it can be eliminated in. The labor following could cause a shift in the blanks: ( employment unemployment... And study questions demand curve looking for a job is still considered unemployed, a person who is part... To wage cuts during economic slowdowns who lost their jobs during the recession experienced unemployment... Of persons are insured persons- loss will be present even when an economy with full employment real GDP decline! Federal government to calculating GDP to find one that better su the inputs are assumed to be in the:!
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