Question 1

Most spells of unemployment are short,and most unemployment observed at any given time is long term.How can this be?

Accepted Answer

Most unemployed people in the economy ar...

Question 2

Which of the following does not help reduce frictional unemployment?

Accepted Answer

A)   government-run employment agencies
B)   public training programs
C)   unemployment insurance
D)   All of the above help reduce frictional unemployment.E) A) and B)
F) B) and D)

Question 3

Just after World War II,the labor-force participation rate of women was

Accepted Answer

A)   about 25 percent,and in 2009,it was about 50 percent.
B)   about 33 percent,and in 2009 it was about 60 percent.
C)   about 50 percent,and in 2009,it was about 70 percent.
D)   about 60 percent,and in 2009,it was about 80 percent.E) B) and C)
F) A) and C)

Question 4

Suppose that there is an excess supply of economics professors.Should universities necessarily reduce salaries? What does standard economic theory suggest? What does efficiency-wage theory suggest?

Accepted Answer

Standard economic theory suggests that i...

Question 5

Some economists have argued that unemployment insurance improves the ability of the economy to match each worker with the most appropriate job.

Accepted Answer

A) True 
 B)False

Question 6

Satchel loses his job and immediately begins looking for another.Other things the same,the unemployment rate

Accepted Answer

A)   increases and the labor-force participation rate decreases.
B)   and the labor-force participation rate both increase.
C)   increases and the labor-force participation rate is unaffected.
D)   is unaffected and the labor-force participation rate decreases.E) A) and B)
F) None of the above

Question 7

Data on the unemployment rate in the U.S.since 1960 show that the unemployment rate is

Accepted Answer

A)   always zero.
B)   sometimes zero.
C)   rarely zero.
D)   never zero.E) A) and B)
F) All of the above

Question 8

Table 20-3
2010 Labor Data for Adults (age 16 and older) in Meditor
 
-Refer to Table 20-3.What is the adult female unemployment rate in Meditor?

Accepted Answer

A)   4.8 percent
B)   5 percent
C)   7.1 percent
D)   7.7 percentE) B) and C)
F) None of the above

Question 9

Following the recession of 2001,there was a month in which employment and the unemployment rate both rose.Assuming the computations were correct,how is it possible for both to have increased?

Accepted Answer

The rate of unemployment is measured as ...

Question 10

Who of the following are included in the Bureau of Labor Statistics' "employed" category?

Accepted Answer

A)   certain unpaid workers
B)   part-time workers
C)   workers on vacation
D)   All of the above are correct.E) A) and B)
F) A) and C)

Question 11

Which of the following does not create unemployment by keeping wages above the equilibrium level?

Accepted Answer

A)   efficiency wages
B)   job search
C)   minimum-wage laws
D)   unionsE) B) and C)
F) None of the above

Question 12

Within the U.S.population,women have higher rates of unemployment than men.

Accepted Answer

A) True 
 B)False

Question 13

The unemployment that results from the quantity of labor supplied exceeding the quantity demanded is called frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 14

Table 20-1
Labor Data for Aridia
 
-Refer to Table 20-1.The labor-force participation rate of Aridia in 2011 was

Accepted Answer

A)   43.3%.
B)   54.2%.
C)   63.3%.
D)   68.4%.E) A) and C)
F) B) and C)

Question 15

Table 20-4
 
-Refer to Table 20-4.What is the U-4 measure of labor underutilization?

Accepted Answer

A)   6.5 percent
B)   6.9 percent
C)   7.0 percent
D)   17.9 percentE) All of the above
F) A) and C)

Question 16

Table 20-3
2010 Labor Data for Adults (age 16 and older) in Meditor
 
-Refer to Table 20-3.What is the adult male unemployment rate in Meditor?

Accepted Answer

A)   3.7 percent
B)   5 percent
C)   5.6 percent
D)   5.9 percentE) B) and D)
F) All of the above

Question 17

Jai Li just lost her job,and she hasn't yet started looking for a new one.The Bureau of Labor Statistics counts Jai Li as

Accepted Answer

A)   unemployed and in the labor force.
B)   unemployed,but not in the labor force.
C)   in the labor force,but not unemployed.
D)   neither in the labor force nor unemployed.E) A) and D)
F) A) and C)

Question 18

Frictional unemployment is often the result of changes in the demand for labor among different firms.

Accepted Answer

A) True 
 B)False

Question 19

Other things the same,an increase in wages above their equilibrium level

Accepted Answer

A)   increases frictional unemployment but leaves the natural rate of unemployment unchanged.
B)   increases frictional unemployment and increases the natural rate of unemployment.
C)   increases structural unemployment but leaves the natural rate of unemployment unchanged.
D)   increases structural unemployment and increases the natural rate of unemployment.E) All of the above
F) None of the above

Question 20

Over the past several decades,the difference between the labor-force participation rates of men and women in the U.S.has gradually increased.

Accepted Answer

A) True 
 B)False

Exam 20: Unemployment

Following the recession of 2001,there was a month in which employment and the unemployment rate both rose.Assuming the computations were correct,how is it possible for both to have increased?

Correct AnswerverifiedThe rate of unemployment is measured as ...View AnswerShow Answer

Most spells of unemployment are short,and most unemployment observed at any given time is long term.How can this be?

Correct AnswerverifiedMost unemployed people in the economy ar...View AnswerShow Answer

Table 20-1 Labor Data for Aridia -Refer to Table 20-1.The labor-force participation rate of Aridia in 2011 was

Correct AnswerverifiedShow Answer

Some economists have argued that unemployment insurance improves the ability of the economy to match each worker with the most appropriate job.

Correct AnswerverifiedShow Answer

Which of the following does not create unemployment by keeping wages above the equilibrium level?

Correct AnswerverifiedShow Answer

Jai Li just lost her job,and she hasn't yet started looking for a new one.The Bureau of Labor Statistics counts Jai Li as

Correct AnswerverifiedShow Answer

The unemployment that results from the quantity of labor supplied exceeding the quantity demanded is called frictional unemployment.

Correct AnswerverifiedShow Answer

Table 20-4 -Refer to Table 20-4.What is the U-4 measure of labor underutilization?

Correct AnswerverifiedShow Answer

Over the past several decades,the difference between the labor-force participation rates of men and women in the U.S.has gradually increased.

Correct AnswerverifiedShow Answer

Satchel loses his job and immediately begins looking for another.Other things the same,the unemployment rate

Correct AnswerverifiedShow Answer

Which of the following does not help reduce frictional unemployment?

Correct AnswerverifiedShow Answer

Frictional unemployment is often the result of changes in the demand for labor among different firms.

Correct AnswerverifiedShow Answer

Suppose that there is an excess supply of economics professors.Should universities necessarily reduce salaries? What does standard economic theory suggest? What does efficiency-wage theory suggest?

Correct AnswerverifiedStandard economic theory suggests that i...View AnswerShow Answer

Within the U.S.population,women have higher rates of unemployment than men.

Correct AnswerverifiedShow Answer

Data on the unemployment rate in the U.S.since 1960 show that the unemployment rate is

Correct AnswerverifiedShow Answer

Other things the same,an increase in wages above their equilibrium level

Correct AnswerverifiedShow Answer

Table 20-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 20-3.What is the adult male unemployment rate in Meditor?

Correct AnswerverifiedShow Answer

Who of the following are included in the Bureau of Labor Statistics' "employed" category?

Correct AnswerverifiedShow Answer

Table 20-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 20-3.What is the adult female unemployment rate in Meditor?

Correct AnswerverifiedShow Answer

Just after World War II,the labor-force participation rate of women was

Correct AnswerverifiedShow Answer

Correct Answer
verified
The rate of unemployment is measured as ...
View Answer

Correct Answer
verified
Most unemployed people in the economy ar...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Standard economic theory suggests that i...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified