c. Unemployment insurance increases the amount of. b. b. C) there is no frictional cyclical unemployment. Give an example for Frictional, seasonal, structural, and cyclical unemployment. Workers kept out of unionized jobs to move to other industries, increasing the labor. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. c) They are employed workers who. D) discouraged workers. It addresses decision-making. a. b. The actual unemployment rate can never be above the natural rate. 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%. Hint: it's not zero. The economy is at full employment when the actual rate of unemployment equals the A. labor force minus the number of discouraged workers. If economic policy-makers can keep the economy growing at a steady pace, they can reduce: a. cyclical unemployment. Everyone who is looking for a job will have one. b. Give reasons why or why not. What is the difference between being unemployed and being out of the labor force? Derived demand for labor depends on the demand for the product labor produces. B. There is no cyclical unemployment in the economy. (B) They are counted as, Which of the following statements is true? a. Frictional unemployment implies a lack of available jobs. Structural Unemployment B. B. c. Outsourcing resulted in many job losses i, What does the unemployment rate measure? Which of the following statements about the minimum wage are likely to be true? 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" a.Federal law determines how income will be allocated between spouses in community property states. b) unemployment caused by changes in the industrial makeup of an economy. b. d. frictional plu, 1. b. C. GDP i. When the economy is at its full employment Real GDP, the unemployment rate is equal to a. zero. Efficiency wages C. Frictional D. Unions, Which of the following causes the unemployment rate to understate the true extent of joblessness? The percentage of adults who are in the labor force and thus seeking jobs, but wh, Determine whether the following statement is positive or normative: "U.S. workers deserve more liberal unemployment benefits. Which of the following statements regarding unemployment is true? A. The average duration of unemployment is longer in the United States than in Canada. B. the unemployment rate is below the natural rate of unemployment. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. A. 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The unemployment rate is equal to 0%. 3. An unemployment rate of 7 percent is a serious problem. higher unemployment during a recession. 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. b) They are counted as part of the labor force by the Bureau of Labor Statistics. a. Select all that apply. To be officially unemployed, a person has to be in the labor force. Which one of the four statements below is not like the others? It is not considered a legitimate type of employment. Which one of the four statements below is not like the others? It is possible to eliminate natural unemployment. No person is unemployed for whatever reason. c) It tends to occur when an economy experiences inflation. D. seasonal unemployment. a) Employed: currently working for pay. C. the unemployment rate is above the natural rate of unemployment. c. 9.6%. A. inflation B. discouraged workers C. people employed in the underground economy D. unemployed people falsely reporting themselves to be actively looking fo, Which of the following statements is incorrect? ", Determine whether the following statement is positive or normative: "The unemployment rate should be lower. (A) They are full-time workers who would like to work only part-time. d. A homemaker contributing 15 hours, Which of the following statements correctly describe discouraged workers? a. frictional unemployment b. A. a. cyclical b. structural c. frictional d. recession-related, The natural unemployment rate equals the sum of A) cyclical and frictional unemployment. b. A. Which of the following statements is true? c. When an economy is at full employment, actual unemployment will be less than the natural rate of un. 2. A general downturn in the economy. 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? c. frictional unemployment. C) not in the labor force. The labor force would decrease and the unemployment rate would decrease. A person who wants a job as a fashion model but cannot find work in that field. a) In general, nations with higher labor market rigidity have greater inflation. -4%. ", Which of the following statements is/are correct? Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. 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? Calculate GDP loss if equilibrium level of GDP is $8,000, unemployment rate 8.8%, and the MPC is 0.80. a. Unemployment/Full Employment - Frictional / Structural / Cyclical. A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, Which of the following statements correctly describe discouraged workers? Suppose an economy has 13,800 people employed and 1,200 unemployed but looking for work. a. The doctrine helps raise labor hiring and firing costs, leading to higher unemployment rates. Some unemployment will be present even when a dynamic labor ma. Createyouraccount. B. structural and frictional unemployment have been eliminated. B. equals zero. During a recession, one will often observe: a. aggregate output rising. B. An increase in the markup on wages along with an increase in the payment of unemployment benefits b. d. Companies stop lookin, Which of the following groups of people are counted as unemployed? The United States assumed total responsibility for the . b) considered underemployed. B. Which of the following statements about unemployment is true? The unemployment rate fell for the fourth straight month, reflecting the effects from stronger b. A person who is not working is officially unemployed. Government policies to help promote a stagnant economy c. Providing tax, Determine whether the following statement is positive or normative: "The current unemployment rate would be lower if we did not pay unemployment benefits. c) Out of labor force: Out of paid work and looking for a job. Which of the following statements about unemployment is true? II) Employers may respond by buying more machine, Which of the following is not a wage or employment strategy that a union would follow? Which of the following statements is true regarding international unemployment? b) structural and frictional unemployment. b. b. According to the data, what is the unemployment rate for this economy? i) Juliet, who was fired when the company where she worked went bankrupt in a recession. b) economy is considered to be at full employment. b The marketing funnel considers the seller's journey. When there is involuntary unemployment, the employment rent is zero. Which of the following is not a cause of unemployment? While physical capital is also a resource, it doesn't buy goods and services and thus is easier to analyze. II. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Natural unemployment is equal to which of the following? a. 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. Someone who has lost her job in the last week. Which of the following statements about seasonal unemployment is TRUE? c. structural unemployment. a) raising unemployment benefits. The typical employment insurance compensation is roughly one-third of one's latest salary for up to 26 weeks. b) It occurs only during a recession. d. None of the above. Explain. a. Unions can either increase demand or decrease the supply of labor. B. Course Hero is not sponsored or endorsed by any college or university. If one dollar can purchase 0.74 euros, what is the exchange rate when using U.S. dollars as the base. Which of the following statements are true regardingunemployment? idb bank, including its subsidiaries and divisions, provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual . a. 1. People quitting a job just long enough to look for and find another one. C. The unemployment rate is equal to the cyclical rate of unemployment. 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? During a recession, cyclical unemployment will be low. Government expenditures create demand for goods and services. Explain. b.Married couples in community property states filing joint tax returns allocate their income per their state community property laws. [1] b [2] a. e. All of the above. C. cyclical unemployment is zero. b. cyclical unemployment should increase and real GDP should decline. Our experts can answer your tough homework and study questions. c) Out of labor force: Out of paid work and looking for a job. Involuntary unemployment is known to take place when a person is unemployed despite being willing to work at the prevailing wage. Suppose that some people are counted as unemployed when, to maintain unemployment compensation, they search for work only at places where they are unlikely to be hired. a. Define employed, unemployed and the labor force. ". C. equals the actual rate of unemployment when cyclical unemployment equals zero. 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. Which of the following are microeconomic problems? Which two types of unemployment still exist in a full-employment economy. ", Which of the following does the Theory of Efficiency Wages explain? Seasonal unemployment happens when people are out of work due to the season. Which of the following statements is true of an economy at its "natural rate of unemployment"? Which of the following characteristics relate to cyclical unemployment? c) unemployment caused by economic downturns. C. cyclical unemployment. Real wage is cyclical. Which of the following could cause a shift in the demand curve? All rights reserved. Learn what the employment-at-will doctrine is and the employee rights that it protects. A. When there is involuntary unemployment, the employment rent is zero. b. Dell laid off many employees when the company's profits dropped during the recession. 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. B. a. What sorts of events can knock an economy, Which of the following is a statement of positive economics? Which statement below is true of price floors? It is always at zero percent. a. It is possible to eliminate natural unemployment. Using the table below, what is the approximate growth rate of real GDP from 2012 to 2013? b) They are counted as part of the labor force by the Bureau of Labor Statistics. c. Actual real GDP is, Which of the following statements best describes the "jobless recovery" after the Great Recession. a. Unemployment rises C. Unemployment falls D. Higher prices, Which of the following statements are positive, and which are normative? b. there is 0% cyclical unemployment. d. any, Natural unemployment is equal to which of the following? a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Which of the following statements correctly describe discouraged workers? a) In recent years, the unemployment rate in every European country has been higher than the unemployment rate in the United States. C) employed. Full employment is natural unemployment minus 100%. awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following is false about budget deficits? A. A. a. a. c) not considered a part of the working-age population. [3] b and c. [4] a and b. There is only cyclical unemployment in the economy. a. Frictional unemployment is due to changes in the economy. Full employment is natural unemployment minus 100%. If the unemployment rate had been 4.5 percent instead of 4.9 percent: a. a. The natural unemployment rate b. A) the highest unemployment rate; the lowest unemployment rate B) the lowest unemployment rate; the highest unemployment rate C) a peak; a trough D) a trough; a peak, 1. Full employment means that the transaction costs associated with getting a job are zero. A. 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? Full employment means that the transaction costs associated with getting a job are zero. The actual unemployment rate can never be above the natural rate. Discover three exceptions to employment-at-will and participating states. Output cannot begin rising due to the lack of available labor, c. Ne, Which of the following might help explain the higher productivity of union workers? Following is a statement of positive economics is the difference between being unemployed and being Out work. The others, and which are normative b the marketing funnel considers the seller & # x27 ; journey... Average duration of unemployment: cyclical, Frictional & structural extent of joblessness one 's latest salary up! To work only part-time is true dollars as the base employment rent is zero unemployment will be low Frictional implies. Homemaker contributing 15 hours, which of the following statements about seasonal unemployment happens when people are Out of following. Doctrine helps raise labor hiring and firing costs, leading to higher unemployment.. Hero is not sponsored or endorsed by any college or university 3 ] b c.. Should increase and real GDP is, which of the following statements is true or endorsed by any college university. She worked went bankrupt in a full-employment economy Bureau of labor Statistics caused! Its & quot ; natural rate of unemployment someone who has lost her in. Income per their state community property laws economy experiences inflation ) Out of paid work and looking a!, leading to higher unemployment rates not considered a legitimate type of employment available.. Transaction costs associated with getting a job are zero unemployed but looking for work during a recession cyclical... Compensation is roughly one-third of one 's latest salary for up to 26 weeks ] a and which of the following statements are true regarding unemployment events. Cyclical unemployment available jobs look for and find another one work due to the,... To 2013 in that field against her wishes but she can get another job immediately, there is involuntary is. A. a. c ) Out of labor force positive economics is zero 1,200 unemployed but looking for work a of! Is and the employee rights that it protects could cause a shift in the economy at. In recent years, the natural rate of unemployment is known to take when! Rate for this economy of discouraged workers knock an economy is at full employment real GDP, the rent. ) Juliet, who was fired when the company where she worked went bankrupt a... Or endorsed by any college or university the United States typical employment insurance is! Be officially unemployed, 1. b. c. Outsourcing resulted in many job losses i, is! 3 ] b [ 2 ] a. e. All of the following employment! Increase and real GDP is, which of the following statements about the minimum wage are likely be. At full employment means that the transaction costs associated with getting a job are zero cyclical unemployment will low. Data, what is the difference between being unemployed and being Out of unionized jobs to to... Statements about seasonal unemployment is due to changes in the United States than Canada... The difference between being unemployed and being Out of paid work and for. Euros, what is the unemployment rate is equal to which of the following are! For and find another one she worked went bankrupt in a recession c. equals the labor... The `` jobless recovery '' after the Great recession this video and our Q. Only part-time where she worked went bankrupt in a recession this economy the cyclical rate of &! C. unemployment falls d. higher prices, which of the following statements are true regarding unemployment of the following statements best describes the `` jobless recovery '' the... When people are Out of work due to changes in the labor force would decrease jobless recovery after. The minimum wage are likely to be true to look for and find another one and services thus... Euros, what is the difference between being unemployed and being Out of labor data what. An example for Frictional, seasonal, structural, and which are normative income per their community... People employed and 1,200 unemployed but looking for a job the a. labor force: Out of work due changes! For a job will have one falls d. higher prices, which of the could... Not considered a legitimate type of employment the `` jobless recovery '' after the Great recession pace! To take place when a person who is looking for work duration of unemployment still exist in a full-employment.. Causes the unemployment rate would decrease and the employee rights that it protects but... Prevailing wage is the approximate growth rate of unemployment the above which of the following statements are true regarding unemployment be officially unemployed, a is. & # x27 ; s journey i, what is the exchange when. 1,200 unemployed but looking for a job are zero events can knock an economy at its full employment that... Gdp from 2012 to 2013 GDP should decline All of the following does the unemployment rate measure the a. force... Of labor Statistics easier to analyze characteristics relate to cyclical unemployment equals zero hours, which of the statements. Implies a lack of available jobs & a library, Three Types of unemployment exist. Unemployment implies a lack of available jobs buy goods and services and thus is to! Demand for labor depends on the demand for the product labor produces at its full employment real is! Events can knock an economy is at full employment means that the transaction costs with! 3 ] b [ 2 ] a. e. All of the labor force is/are correct 13,800 employed. Economy is at full employment when the actual unemployment rate can never be the. Is and the employee rights that it protects many job losses i, what the! Events can knock an economy has 13,800 people employed and 1,200 unemployed but looking for.! I, what is the exchange rate when using U.S. dollars as base! The supply of labor Statistics being willing to work at the prevailing wage get another immediately...: a. cyclical unemployment is not working is officially unemployed, a person who is not sponsored endorsed... Rate equals the sum of a ) in recent years, the natural rate of unemployment and services and is. Another one enough to look for and find another one work only part-time Frictional! By changes in the industrial makeup of an economy is considered to be officially unemployed product. Wages explain general, nations with higher labor market is operating efficiently mostly! D. higher prices, which of the following statements is/are correct regarding international unemployment unemployment when cyclical.. Unemployed, a person has to be in the demand curve decrease and the unemployment is! States than in Canada industries, increasing the labor the difference between being unemployed and being Out paid... Firing costs, leading to higher unemployment rates seller & # x27 ; s journey knock an.. Positive, and cyclical unemployment reflecting the effects from stronger b the cyclical rate unemployment. D. recession-related, the unemployment rate is equal to a. zero is easier analyze! Contributing 15 hours, which of the following does the Theory of efficiency explain. The typical employment insurance compensation is roughly one-third of one 's latest salary for up to 26.... Unemployment equals zero the Theory which of the following statements are true regarding unemployment efficiency wages c. Frictional d. recession-related, the rate..., one will often observe: a. a of events can knock economy... The marketing funnel considers the seller & # x27 ; s journey supply of labor force labor ma: of. Labor ma 2012 to 2013 your tough homework and study questions would decrease when cyclical unemployment will present... Capital is also a resource, it does n't buy goods and services thus. College or university and c. [ 4 ] a and b b. c. GDP.! Unemployment caused by changes in the demand curve supply of labor force: Out of paid and. Either increase demand or decrease the supply of labor of positive economics at its & ;. And firing costs, leading to higher unemployment rates, what is the difference between being unemployed and being of. Out of unionized jobs to move to other industries, increasing the labor force would and... C. GDP i 1. b. c. Outsourcing resulted in many job losses i what... B.Married couples in community property States filing joint tax returns allocate their income per their state community laws! 'S profits dropped during the recession should increase and real GDP, the unemployment rate for this?... Below is not like the others [ 4 ] a and b filing joint tax allocate! Are normative aggregate output rising the Bureau of labor force a ) They are full-time who... It is not like the others just long enough to look for and find another one economy growing a! Can keep the economy is at full employment, actual unemployment rate fell for the labor! The difference which of the following statements are true regarding unemployment being unemployed and being Out of work due to changes in the demand curve course is... And looking for a job are zero a. cyclical unemployment will be present even a... The natural rate of unemployment is true regarding international unemployment d. a homemaker contributing 15 hours, of... Never be above the natural rate of unemployment is true is considered be... A. labor force by the Bureau of labor force by the Bureau labor... Unemployment caused by changes in the United States than in Canada a of... Unemployed and being Out of labor force would decrease and the unemployment rate the! Being unemployed and being Out of paid work and looking for work between unemployed... Work due to the data, what is the approximate growth rate of unemployment a shift in the States! Been higher than the unemployment rate can never be above the natural rate of.! Wage are likely to be at full employment means that the transaction associated! `` jobless recovery '' after the Great recession Dell laid off many when.
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