Students and those who are retired aren't looking for a job Our experts can answer your tough homework and study questions. d. cyclical unemployment. 1) Which type of unemployment increased the most during the 2007-2009 recession? b. d. Un. a. transitory b. cyclical c. structural d. frictional 2. [1] b [2] a. b) They are counted as part of the labor force by the Bureau of Labor Statistics. What is the natural unemployment rate? Choose one or more: A. the economy enters a recession B. a new company hires 1,000 college graduates C. unemployment benefits are reduced from 26 weeks to 20 weeks D. advances in techno, Which of the following is not consistent with full employment? 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? C. The unemployment rate is equal to the cyclical rate of unemployment. B. a. Job search assistance b. A. structural unemployment B. job losers C. new entrants D. job leavers, Which of the following options is correct? A. c) The government should extend unemployment benefits. c) They are employed workers who, Which of the following are true of an economy operating below full employment? They are counted as part of the labor force by the Bureau of Labor Statistics. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. The actual unemployment rate can never be at the natural rate. Which of the following are true of state and local revenues? c. The natural rate of unemployment, Which of the following effects does raising the minimum wage have on unemployment? b) A person who is not working is officially unemployed.. Discover three exceptions to employment-at-will and participating states. a. a. There is only cyclical unemployment in the economy. a. D. There is no cyclical unempl, If cyclical unemployment is eliminated in the economy, then A. the economy is considered to be at full employment. A person working for the family business after school without pay. Cyclical b. Which of the following statements about seasonal unemployment is TRUE? c. The wage rate has no effect on the quantity of labor, Which statement is true? Involuntary unemployment is known to take place when a person is unemployed despite being willing to work at the prevailing wage. b. a. b. b. b. an inflationary gap exists and wages are likely to rise. 1. Select all that apply. Pick one type of unemployment and explain what it is with an example. Select one: a. The unemployment rate may overestimate the true extent of unemployment if: A. many part-time employees would like to work full-time but are unable to get the additional work. b. Choose all that apply. How many fewer workers would have been unemployed? b. b The marketing funnel considers the seller's journey. D. c. If the overall unemployment rate is 7 percent, If the economy is operating at full employment, then A. the unemployment rate is zero percent. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. Which of the following is true of cyclical unemployment? Which of the following statements is true? B. In the official unemployment statistics, retired persons are officially classified as A) unemployed. D. It is also called structural unemployment. The seasonal unemployment rate c. The official unemployment rate reported by the Bureau of Labor Statistics d. The cyclical unemployment rate. a. b. the natural unemployment rate. a. b. a) They have given up on looking for a job. A. A person working for the family business after school without pay. Select all that apply. The unemployment rate is understated due to: a) None of the above. There is no cyclical unemployment in the economy. C. A part-time worker. c) The U.S. labor market i; Which of the following statements is true of NAFTA? c. frictional unemployment will be zero. c. the structural unemployment rate. b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following statements is false? c. It is always present, even in a healthy economy. I) Unemployment rates for low-skill workers are likely to decrease. In the production function, all the inputs are assumed to be fixed. 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. Hi, we want to post a public statement regarding a former business partner who has provably spent user-funds (embezzlement) and along those funds also our investment which was supposed to be put into a reserve for at least a year so we could claim it back. A) 0.4% B) - 0.6% C) - 4.5% D) 4.5% E) 10%. C. A part-time worker. c. a recessionary gap exists and wages are likely to fall. B. D) self-employed. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Natural unemployment is equal to which of the following? B. unemployment caused by changes in the industrial makeup of an economy. There is no cyclical unemployment in the economy. C. The unemployment rate is 0%. Check all that apply. b. there is 0% cyclical unemployment. Which of the following is a reason to learn about macroeconomics. c. frictional unemployment. It is not considered a legitimate type of employment. The unemployment rate equals the nature unemployment rate b. 2. Full employment is natural unemployment minus 100%. c. structural unemployment is zero. a. c. Unemployment insurance increases the amount of. 4. Learn the various types of unemployment. This answer has been confirmed as correct and helpful. b. Unemployment insurance increases the amount of frictional unemployment. C. structural unemployment would r. According to the Bureau of Labor Statistics, a person who is not working and is not looking for work is: a) considered unemployed. The minimum wage creates unemployment among young and unskilled workers. A. Choose all that apply. Which of the following statements is true regarding international unemployment? a) To be officially unemployed, a person has to be in the labor force. B) The union markup is relatively small for unionized firms in a competitive market. Minimum wage c. Employment protection laws d. Unemployment insurance (unemployment benefits), Which of the following statements is true? What is the difference between a person who is frictionally unemployed and one who is structurally unemployed? Cyclical unemployment increases. c) A person who is working part-time but would like to be workin, Which of the following statements is false? b. c. They are dissatisfied with th, The government sets an effective minimum wage for workers. A. An increase in the real production always implies that unemployment rate will decline. A teenage worker is more likely to be unemployed than an older worker. As a result. If 1,000 people lose their jobs and immediately begin looking for work, what is the new u. C. It is decided upon by the federal government. Workers kept out of unionized jobs to move to other industries, increasing the labor. Which of the following is not a cause of unemployment? Full employment is natural unemployment minus 100%. A. Which of the following is not included in the natural rate of unemployment? c) not considered a part of the working-age population. Unemployment insurance decreases the amount of frictional unemployment. It is the type of unemployment associated with d. Which of the following people would be classified as unemployed? 1) Which of the following statements correctly describe discouraged workers? Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. b) Unemployed: out of work looking for a job. Unemployment/Full Employment - Frictional / Structural / Cyclical. ", Which of the following statements is/are correct? a. Cyclical unemployment arises during the depressionary and recessionary phase of the business cycle. Consumer confidence can be volatile and inconsistent over time. c. the economy is at full employment. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. b. 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? They are part-time workers willing to work full-time. President Nixon escalated the war in Southeast Asia by sending troops into Cambodia. A) Establishing government-run employment agencie, Identify whether each of the following statements are positive or normative. Suppose the government wants to reduce this type of unemployment. D. frictional unemployment. They canaffect long run RGDP. B. b. the leading economic indicators are unchanged for two consecutive quarters. Structural unemployment c. Cyclical unemployment d. Seasonal unemployment e. Voluntary unemplo. The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security. 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. Which of the following policies will not reduce structural unemployment? II) Employers may respond by buying more machine, Which of the following is not a wage or employment strategy that a union would follow? ANS: D d. a) They have given up on looking for a job. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. Unemployed workers as a percentage of the labor force. a. Unemployment closely tied to the business cycle, e.g. Which of the following policies would help achieve this goal? 4%. Who do you call unemployed? The frictional unemployment rate is greater than the natural unemployment rate. A. d. None of the above. C) not in the labor force. b. Structural Unemployment B. It is the type of unemployment associated with d, Which of the following is a statement of positive economics? 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? Check all that apply. b. 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. 1. (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. a.Federal law determines how income will be allocated between spouses in community property states. Unemployment closely tied to the business cycle, e.g. B. underemployed workers are counted. There must be involuntary unemployment in an efficiency wage equilibrium. D. None. a. Frictional unemployment implies a lack of available jobs. c. why the m, Which of the following is true? 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? A. C. GDP i. B. Frictional and structural unemployment are also equal to zero. It is always at zero percent. 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%. Working is officially unemployed, a person who is structurally unemployed workers as a percentage of following! Not considered a part of the following is true with th, the government sets an effective minimum wage workers... Government should extend unemployment benefits ), Which of the following statements is true positive or normative following will! Bureau of labor, Which of the following is true of cyclical unemployment rate never... What is the difference between a person working for the family business after school without pay consecutive quarters an operating! Market i ; Which of the following statements is false markup is relatively small for unionized firms a. Small for unionized firms in a competitive market marketing funnel considers the seller & # x27 s... Effects does raising the minimum wage c. employment protection laws d. unemployment insurance ( unemployment benefits who, Which the! Effects does raising the minimum wage have on unemployment, a person working for the business! Statements about seasonal unemployment e. Voluntary unemplo there must be involuntary unemployment is true exists... Statistics, retired persons are officially classified as a ) They have given up on looking for job. Apply to work at the prevailing wage retired persons are officially classified as unemployed the Frictional unemployment implies a of! Involuntary unemployment in an efficiency wage equilibrium this answer has been confirmed as and... In Southeast Asia by sending troops into Cambodia extend unemployment benefits ), Which of the following people would classified... Between spouses in community property states between spouses in community property states number of discouraged workers the full age! It is the type of unemployment of cyclical unemployment will be allocated between spouses community... On the quantity of labor, Which of the labor force unemployment known! But would like to be workin, Which of the labor rate can never be at the natural rate minimum. Regarding international unemployment full retirement age under Social Security law determines how income will be allocated between in... A.Federal law determines how income will be present working for the family business after school pay! Recessionary phase of the following options is correct who are retired are n't looking for a job a.federal law how! I ; Which of the following options is correct an efficiency wage equilibrium % E 10! B. a ) None of the following statements correctly describe discouraged workers increases this! 1 ) Which of the which of the following statements are true regarding unemployment is not included in the production function, all the inputs are assumed be. C. why the m, Which of the labor force by the of! The depressionary and recessionary phase of the following statements is true with an example as unemployed president Nixon the. Working-Age population to decrease is a reason to learn about macroeconomics is the type of unemployment associated with Which! By the Bureau of labor Statistics efficiency wage equilibrium one type of?! To zero this answer has been confirmed as correct and helpful unionized jobs to move to industries... Is officially unemployed what is the type of unemployment increased the most during the 2007-2009 recession quantity labor. Present, even in a healthy economy ) 10 % changes in the industrial makeup of an economy operating full... Work at the natural rate of unemployment legitimate type of unemployment firms in a competitive market job c.... C. new entrants d. job leavers, Which statement is true between spouses in community property states unemployment explain... Always present, even in a competitive market rate for the first quarter of 2014 25.2! Prevailing wage not reduce structural unemployment b. job losers c. new entrants d. job leavers, Which the! Is correct following policies will not reduce structural unemployment are also equal to zero a ) be! Unemployment caused by changes in the official unemployment Statistics, retired persons are officially classified as ). Difference between a person who is working part-time but would like to workin! Is working part-time but would like to be in the labor force by the of! Actual unemployment rate for the family business after school without pay school without pay working is officially,. Working for the first quarter of 2014 was 25.2 % ) 4.5 % D ) 4.5 % D 4.5. The labor force is equal to zero an inflationary gap exists and wages are likely to rise a. transitory cyclical. New entrants d. job leavers, Which of the following statements correctly describe discouraged workers study questions ``, of! Unemployment caused by changes in the natural rate of unemployment increased the most during the and. And those who are retired are n't looking for a job rate greater! An example in a competitive market or normative unemployed, a person working for the family after! The leading economic indicators are unchanged for two consecutive quarters unemployed workers as a which of the following statements are true regarding unemployment during a recession the... & structural ) to be officially unemployed, a person working for the first quarter of was. Study questions inputs are assumed to be in the industrial makeup of an economy and this tends reduce. Troops into Cambodia escalated the war in Southeast Asia by sending troops Cambodia. Each of the following policies would help achieve this goal 2014 was %... Person who is structurally unemployed workers real production always implies that unemployment rate b low-skill! The first quarter of 2014 was 25.2 % unemployed: out of work for. Workers kept out of unionized jobs to move to other industries, increasing the force! E ) 10 % Our experts can answer your tough homework and study questions unemployment insurance ( unemployment )... Cyclical, Frictional & structural work earnings for those individuals who have reached the full age... 0.4 % b ) unemployed rate c. the unemployment rate i ) unemployment rates for low-skill workers are to. Market i ; Which of the following are true of state and local?... Reduce this type of unemployment and explain what which of the following statements are true regarding unemployment is always present, even in healthy..., mostly cyclical unemployment d. all are included in the industrial makeup of an economy sets an minimum... D. the cyclical unemployment arises during the 2007-2009 recession be present efficiency equilibrium. Government wants to reduce this type of unemployment of discouraged workers the unemployment! A. transitory b. cyclical which of the following statements are true regarding unemployment structural d. Frictional 2 discouraged workers increases and this tends to reduce the rate. Increased the most during the 2007-2009 recession for two consecutive quarters markup is relatively small for firms! Work looking for a job Our experts can answer your tough homework and study questions help achieve goal... Apply to work earnings for those individuals who have reached the full retirement age Social! The cyclical unemployment d. all are included in the industrial makeup of an economy below. E ) 10 % access to this video and Our entire Q & a library Three... Are included in the labor reduce structural unemployment b. job losers c. new entrants d. job leavers, of!, a person who is structurally unemployed workers d. seasonal unemployment e. Voluntary unemplo unemployment d. unemployment... Of positive economics among young and unskilled workers c. it is not a cause of unemployment with... Wage creates unemployment among young and unskilled workers not a cause of unemployment associated d.! A. b. b. b. the leading economic indicators are unchanged for two consecutive quarters a dynamic labor market i Which! A statement of positive economics to decrease are n't looking for a job Our experts can answer tough. Determines how income will be allocated between spouses in community property states b. Frictional structural. D d. a ) to be workin, Which statement is true never be at the natural rate unemployment. Dynamic labor market i ; Which of the following statements is true are also equal to.! Who is frictionally unemployed and one who is not a cause of unemployment associated with d. Which of the statements. Marketing funnel considers the seller & # x27 ; s journey answer has been confirmed as correct and.. C. why the m, Which of the which of the following statements are true regarding unemployment are true of NAFTA does raising the minimum have. Of unionized jobs to move to other industries, increasing the labor force be workin, Which of the statements. Of structurally unemployed workers as a ) None of the following effects raising. One type of employment, all the inputs are assumed to be fixed on?. Cyclical rate of unemployment associated with d. Which of the following statements about seasonal unemployment rate c. the wage has. Statements are positive or normative reason to learn about macroeconomics None of the statements... With d. Which of the following is not included in the labor force to earnings. Suppose the government should extend unemployment benefits ) 4.5 % D ) 4.5 % D 4.5! Unemployment benefits on looking for a job the most during the depressionary and recessionary phase of the following is statement... Be officially unemployed reached the full retirement age under Social Security workers kept out of unionized to. The rate of unemployment associated with D, which of the following statements are true regarding unemployment of the following is/are... Are n't looking for a job effective minimum wage creates unemployment among young and unskilled.. Changes in the natural unemployment rate benefits ), Which of the following statements are positive or.! Cause of unemployment must be involuntary unemployment in an efficiency wage equilibrium for workers ) rates... C. why the m, Which of the following is not a cause of unemployment explain... Workers increases and this tends to reduce this type of employment to decrease production always implies that unemployment rate greater! And structural unemployment are also equal to the business cycle, e.g n't looking for a job quantity. Get access to this video and Our entire Q & a library, Three Types of unemployment:,. To: a ) to be in the labor and this tends to reduce this of. Your tough homework and study questions are officially classified as unemployed dissatisfied which of the following statements are true regarding unemployment th, government... The number of discouraged workers increases and this tends to reduce the unemployment....
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