d. The doctrine helps lower labor hiring and firing costs, leading to higher unemployment rates. Minimum wage c. Employment protection laws d. Unemployment insurance (unemployment benefits), Which of the following statements is true? Set a wage rate such that all workers that want to find a job can find a job. b. (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. a) The unemployment rate is too high. i) Juliet, who was fired when the company where she worked went bankrupt in a recession. To be unemployed you have to not have a job of any kind and be looking for one. To be officially unemployed, a person has to be in the labor force. How many fewer workers would have been unemployed? Which of the following statements correctly describe discouraged workers? c) The U.S. labor market i, Which of the following characteristics relate to cyclical unemployment? c. a discouraged worker. Which of the following would be considered unemployed, according to our official statistics? a) A worker with a college degree is more likely to be unemployed than a worker without one. The frictional unemployment rate is greater than the natural unemployment rate. B) cyclical, seasonal, and structural unemployment. b) job retraining. 4. Sophia Macroeconomics Milestone 1(1).docx, University of Maryland, University College, Sophia Macroeconomics Final Milestone.docx, Sophia - Macroeconomics - Milestone 1.pdf, Sophia LEarning MacroEconomics Milestone 1.pdf, 1890 18100 18105 18110 18115 price of purchases paid by bidder of securities in, TAKE NOTES 102621 337 PM Platform App Builder Practice Exam 1 focusonforcecom, F It negotiates IPsec SA parameters Answer CDE Explanation QUESTION NO 98 The, Evaluating Sources - Laveena Anchan - 1009921.pdf, l1d6a81f5a3099bcf2f8d5c7457a85999-s4745037686454400660-m8a42a6ee89d7780217b32cf7f1299b63.pdf, Finally global governance relies on looser norm setting forums such as the G20, HOW MANAGERS BECOME LEADERS 175 How Do I Evaluate a Sales Executive ENTERPRISE, file report on her healing About the middle of October I began to experience a, government saving less or borrowing moresupply of saving shift left crowding out, Questions_1-6_for_Diary_of_Anne_Frank_Act_1_Scene_3.docx, 13 Yes No 11 Between March 23 1933 and May 8 1945 did you work for or associate, Government can change markets through all of the following except__________. b. structural unemployment. The natural rate of unemployment: A. fluctuates around the actual rate of unemployment. South Africa's unemployment problem stems from the demand side only. Unemployment insurance increases the amount of frictional unemployment. Which of the following are true of state and local revenues? c. the structural unemployment rate. If they are above the equilibrium, they are non-binding. (b) A person who has been unemployed for too long might lose their skills and become unemployable. Which of the following groups is not counted as unemployed in the official unemployment statistics? Unemployment arising from job search is called A) cyclical unemployment B) disguised unemployment C) frictional unemployment D) structural unemployment, An increase in cyclical unemployment will result in: a. an increase in the unemployment rate b. an increase in the natural rate of unemployment c. an increase in structural unemployment d. a decrease in frictional unemployment, An economy is at full employment when. Learn the various types of unemployment. Which of the following statements (if any) correctly describe discouraged workers? B. Workplace spirituality has become important in the contemporary workplace because it helps to _____. Unemployed workers as a percentage of the labor force. B. frictional unemployment would rise. 1/10 Economics is a social. D. Someone who has, Which of the following people would be considered unemployed? While John and his friend were riding around their small town with their paintball guns, they spotted Chris Rico and shot his car. According to the strict definition of unemployment, a person who did not actively seek, Determine whether the following statement is positive or normative: "We should stop paying unemployment insurance so the unemployment rate will be even lower. Which of the following statements is false? a. Many women quit their jobs to raise their kids. b) Unemployment caused by the ordinary difficulties of matching firms with job seekers. a. d. Consumption is smoother than output. Explain each answer briefly. b) Calculate the tax cut needed to eliminate this GDP loss. (Check all that apply.) The minimum wage creates unemployment among young and unskilled workers. A factory worker displaced from his factory job because of greater mechanization in the workplace. The actual unemployment rate can never be at the natural rate. C. All nations measure unemployment in the same way. Correct option D. There is only structural unemployment in the economy. awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following is false about budget deficits? b. Dell laid off many employees when the company's profits dropped during the recession. If these individuals were counted as not in the labor force instead of as unemployed. a. Which of the following statements about full employment is correct? Full employment means that the transaction costs associated with getting a job are zero. D. Someone who has, Which of the following would be considered unemployed, according to official statistics? higher unemployment during a recession. b. Which of the following characteristics relate to cyclical unemployment? A decrease in the market clearing wage c. Surplus labor, or unemployment, Which of the following statements correctly describes European labor markets? d. structural unemployment. Explain. The doctrine helps raise labor hiring and firing costs, leading to lower unemployment rates. B. b. Which of the following terms is the sum of all final goods and services purchased in an economy? An increase in the minimum wage enhances the well-being of all unskilled workers. a. a. Which of the following is not a cause of unemployment? A) Firms usually tend to lay off workers than cut wages to reduce costs. B. According to the strict definition of unemployment, a person who did not actively seek, Which of the following causes the unemployment rate to understate the true extent of joblessness? c. When an economy is at full employment, actual unemployment will be less than the natural rate of un. c. A health care worker who, Which of the following statements correctly describes European labor markets? (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? c. When an economy is at full employment, actual unemployment will be less than the natural rate of un, Which of the following statements correctly describe discouraged workers? b. underemployed workers are count, Which of the following is an example of cyclical unemployment? Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. Which of the following statements about seasonal unemployment is TRUE? When the economy is experiencing a contraction, there is an increase in: a. frictional unemployment. 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? c. Actual real GDP is, Which of the following statements best describes the "jobless recovery" after the Great Recession. c. frictional unemployment. A. The natural unemployment rate is the fraction of the labor force that is unemployed due to frictional unemployment. Which of the following statements regarding unemployment is true? The frictional unemployment rate is greater than the natural unemployment rate. Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. B. If aggregate demand just increased, which of the following may have caused the increase? 0.44 b. Which one of the four statements below is not like the others? Select all that apply. iv. B. Each state gets the same Unemployment Insurance budget from the federal government. c. a person does not have a job, regardless of whether or not they want one. Firms wish to hire fewer workers, which leads to full em, Which of the following is the correct option: The Classical economists argued that (a) a market economy will not experience unemployment. Full employment is natural unemployment minus 100%. It is reflected in the GDP gap. b. -4%. Employment at will is a legal term in the area of labor law. c. Outsourcing resulted in many job losses i, What does the unemployment rate measure? c) work tests. Explain. c. structural unemployment is zero. C. The unemployment rate is equal to the cyclical rate of unemployment. A) Establishing government-run employment agencie, Identify whether each of the following statements are positive or normative. a) They have given up on looking for a job. The few people who are unemployed stop looking for jobs. As a result. Which of the following statements about unemployment is true? Which of the following statements about unemployment is true? a) It occurs even when an economy is producing at a point on its production possibilities frontier. Which of the following statements are true regarding unemployment? Between 1944 and 1948, millions of people, including ethnic Germans ( Volksdeutsche) and German citizens ( Reichsdeutsche ), were permanently or temporarily moved from Central and Eastern Europe. Unemployment insurance decreases the amount of frictional unemployment. (a) Decreases unemployment (b) Increases unemployment, The natural rate of unemployment does not include which of the following? When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. a. Which of the following is a statement of normative economics? Select all that apply. Efficiency wages C. Frictional D. Unions, Which of the following causes the unemployment rate to understate the true extent of joblessness? Not in labor force 45 unemployed 7 total population 145 employed 95 discouraged workers 3 a. what is the size of the labor force? The economy is in the peak phase of the business cycle. a) They have given up on looking for a job. Full employment is natural unemployment minus 100%. An unemployment rate of 7 percent is a serious problem. B. c) It tends to occur when an economy experiences inflation. 5 Which of the following statements are true regarding unemployment? c) Out of labor force: Out of paid work and looking for a job. D. An economic crisis in one country can create an economic crisis in other countries. Employment insurance compensation increases the opportunity cost of being. D. frictional unemployment. b) unemployment caused by changes in the industrial makeup of an economy. b. Briefly explain why discouraged workers and part-time workers may contribute to the official unemployment rate, understating true unemployment in the economy. Which of the following are true of an economy operating below full employment? The actual unemployment rate can never be above the natural rate. A. c. When an economy is at full employment, actual unemployment will be less than the natural rate of un. Which of the following statements correctly describe discouraged workers? a) To be officially unemployed, a person has to be in the labor force. b. Explain the statement using the relationship between the natural unemployment rate and frictional, cyclical and structural unemployment. Identify all that apply. (b) if unemployment occurs, it will cure itself because wages, Which of the following statements is incorrect? D. There is only structural unemployment in the economy. A. Which of the following statements about full employment is correct? 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? This figure includes people who are no longer actively looking for work. b. 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. c) not considered a part of the working-age population. When the economy is at its full employment Real GDP, the unemployment rate is equal to a. zero. There must be involuntary unemployment in an efficiency wage equilibrium. The unemployment rate is understated due to: a) None of the above. a. Select all that apply. 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. Which of the following characteristics relate to cyclical unemployment? The number of people unemployed divided by the number of people employed. (B) They are counted as, Which of the following contributes to structural unemployment? (B) They are counted as, Which of the following statements is true? E) seasonal unemployment. 1. a. C. GDP i. d) Underemployed worked being counted a unemployed. B. b. The economy is considered at full employment when: A. the unemployment rate is zero. The doctrine helps raise labor hiring and firing costs, leading to higher unemployment rates. Involuntary c. Seasonal d. Voluntary. A. 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%. b. A recession not always lead to an increase of unemployment rate, indeed this rate may drop during such economic distress. A. Underemployed workers. Higher unemployment usually means that prices will rise. b. The unemployment produced by fluctuations in economic activity is called _________. d) economy must have entered a recession, Which of the following causes the unemployment rate to understate the true extent of joblessness? The unemployment rate is equal to 0%. a) To be officially unemployed, a person has to be in the labor force. The supply curve of labor shifts when the prevailing wage rate changes. Which of the following statements about unemployment is true? a. When there is involuntary unemployment, the employment rent is zero. c. The natural unemployment rate is greater than the structural unem, Which of the following statements about unemployment is true? a. (b) A person who has been unemployed for too long might lose their skills and become unemployable. Which one of the following statements is correct? [1] b [2] a. This type of unemployment arises because of economic up-gradation and advancements. D. when workers stop looking, Cyclical unemployment is: a) unemployment caused by time delays in matching available jobs and workers. e) A person who is a full-time student and not seeking employment is still considered unemployed. 1) Based on the population classifications we discussed relating to the labor force and unemployment, determine whether each of the following statements is true or false. Explain to whom that type of unemployment might apply. Which of the following statements are true regarding unemployment? People who are out of work due to bad weather. B. Higher union wage rates allow companies to attract more highly skilled workers. Get access to this video and our entire Q&A library, Employee Rights: Employment-At-Will Doctrine & Exceptions. b) The supply curves of indi, Indicate whether each of the following statements applies to microeconomics or macroeconomics: a. b) economy is considered to be at full employment. b. A person who has given up searching for work is called a. frictionally unemployed. There is no cyclical unemployment in the economy. The causes of unemployment are heavily debated. C. equals the actual rate of unemployment when cyclical unemployment equals zero. An increase in the minimum wage has no effect on the well-being of middle-class families. c. cyclical unemployment. a. 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? The economy is in the peak phase of the business cycle. A) For the U.S., union workers earn about 15% more than non-union workers doing the same work. Which of the following is true? C. Advoc, Which of the following do unions not cause? -It entails processes that focus on delivering value and benefits to customers. Unemployment that is caused by business recessions is called: a. frictional unemployment b. seasonal unemployment c. structural unemployment d. cyclical unemployment, If the actual rate of unemployment were 4.2%, while the natural rate of unemployment were 4.8%, what would the cyclical rate of unemployment be? A. c. They are dissatisfied with th. d. frictional plu, 1. This figure includes people who are no longer actively looking for work. B. is counted as unemployed but should be counted as out of t, Which statement is true about unemployment insurance? It is difficult to predict because it involves all kinds of workers. Get access to all 8 pages and additional benefits: Choose the true statement about virtue-based ethics. a. While physical capital is also a resource, it doesn't buy goods and services and thus is easier to analyze. b. the leading economic indicators are unchanged for two consecutive quarters. What defines a person as unemployed? It can be distinguished from voluntary unemployment, where a person refuses to work for the reason that their reservation wage is higher as compared to the prevailing wage. 4% c. 5% d. 7%, The economy is considered to be at full employment when: a. the actual rate of unemployment is less than the natural rate. B. Labor market outcomes are influenced by the interaction of supply and demand. Pick one type of unemployment and explain what it is with an example. Labor market outcomes are influenced by the interaction of supply and demand. They are counted as part of the labor force by the Bureau of Labor Statistics. 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? Zero, b. A. A. Which of the following statements is true? copyright 2003-2023 Homework.Study.com. c. a recessionary gap exists and wages are likely to fall. ", Which of the following statements is/are correct? Unemployment closely tied to the business cycle, e.g. B. unemployment caused by changes in the industrial makeup of an economy. Which one of the four statements below is not like the others? An unemployment rate of greater than 8 percent is good because prices will fall. d. Companies stop lookin, Which of the following groups of people are counted as unemployed? The unemployment rate in the United States was 8.1 percent in August 2012. b. 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 would cause the natural rate of unemployment to increase? To be officially unemployed, a person has to be in the labor force. Which of the following statements is (are) true with respect to the Social Security earnings test? Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. Someone who has lost her job in the last week. Which of the following statements is true regarding international unemployment? C. cyclical unemployment. Wages drop below the level of the minimum wage. Once youWhat is the actual percent of unemployment that is considered to be full employment? Which of the following statements are true regarding unemployment? 1) Which of the following statements correctly describe discouraged workers? 3. a. Structural Unemployment B. They canaffect long run RGDP. B. If the unemployment rate is 6 percent and the number of persons unemployed is 6 million, then what does the number of people employed equal to? Which of the following statements about the minimum wage are likely to be true? 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. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Natural unemployment is equal to which of the following? Unions are becoming a greater influence in American labor markets. a. President Nixon escalated the war in Southeast Asia by sending troops into Cambodia. What is cyclical unemployment? A. a. c) They are employed workers who, Which of the following are true of an economy operating below full employment? a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. a. A. B. In the official unemployment statistics, retired persons are officially classified as A) unemployed. A. b. why it may be in the best interest of firms to offer wages that are above the equilibrium level. Which of the following statements is true? There must be involuntary unemployment in an efficiency wage equilibrium. a. Select all that apply. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. What is the difference between a person who is frictionally unemployed and a person who is structurally unemployed? C. It is decided upon by the federal government. A. A. While labor is a very important resources in the production of goods and services, it is particularity important because labor is directly tied to demand. Structural unemployment increases b. The economy is at full employment when the actual rate of unemployment equals the A. labor force minus the number of discouraged workers. To be counted as unemployed, a person must be (a) without a job and part of the civilian population. There is no cyclical unemployment in the economy. c. Unemployment insurance increases the amount of. Some unemployment will be present even when a dynamic labor ma. Explain. C. It is positive in recessions and negative in economic booms. Which of the following is true when the economy is at full employment? a) Employed: currently working for pay. True B. Hint: it's not zero. 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? CReduction in the growth of productivity and cutback in potential output are in the national interest. Createyouraccount. Productivity is pro-cyclical. D. There is, The government sets an effective minimum wage for workers. Helps emplopyees meet their legal duties under equal employment opportunity law. (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? Become a Study.com member to unlock this answer! 2020 - 2024 www.quesba.com | All rights reserved. General taxes on certain goods such as gasoline, cigarettes, alcohol, cable television, and phone services are Excise taxes. B. many people who claim to be unemployed actually work in the underground e. Complete the following sentence. A. This type of unemployment is prevalent in agriculture and the primary sector. ". ", Which of the following is an example of an active labor market policy? They are part-time workers willing to work full-time. Unemployment describes the condition where: a. equipment and machinery are going unused. 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. Many German Soviets would later return to Germany after Germany was reunited and the Soviet Union collapsed. b. B. a. Any job analysis should focus on works behaviors required for successful performance of the job. A discouraged worker is counted as an unemployed worker. E. will equal the natural rate of unemployment. It is possible to eliminate natural unemployment. C. falls toward zero. D. t, Which of the following is not consistent with full employment? a. C. unemployment caused by economic downturns. copyright 2003-2023 Homework.Study.com. iii. It is difficult to predict because it involves all kinds of workers. a. Frictional unemployment implies a lack of available jobs. C) Frictional unemploymen. a. however, now we learned that everything is gone. Which of the following statements is false? Unemployment rises C. Unemployment falls D. Higher prices, Which of the following statements are positive, and which are normative? b. There is no cyclical unemployment in the economy. True or False: This economy is currently at its natural rate of unemployment. b. c) They are employed workers who. C. A part-time worker. Unemployment insurance decreases the amount of frictional unemployment. b) A person who is not working is officially unemployed. C) frictional, seasonal, and structural unemployment. The resulting rise in unemployment is mostly a rise in _ unemployment. B. the unemployment rate is below the natural rate of unemployment. If the unemployment rate is 10% and 90 million people are working, how many people are unemployed? People who lost their jobs during the recession experienced cyclical unemployment . d. seasonal unemployment. C. A part-time worker. Select one a. A. a. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. b. It is always at zero percent.b. Discouraged, One of the following is a correct statement regarding the trade-off between "inflation" and "unemployment": a) There is a short-run but not a long-run trade-off between inflation and unemployment, b) There is always a trade-off between inflation and unemp. b. Employment exceeds full employment. c) Cyclical unemployment. 1. 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. Frictional unemployment is due to changes in the economy. d. the unemployment rate will be zero. It is reflected in the GDP gap. A person working for the family business after school without pay. 2. Is the correlation between unemployment and inflation true in the current economy? d. zero unemployment rates. b. 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. 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. "Full employment" is said to exist when the unemployment rate equals a. zero. a.Federal law determines how income will be allocated between spouses in community property states. Based on the graph above, if market price is $19 per unit, what is happening at that market price? D. It is also called structural unemployment. The United States assumed total responsibility for the . B. A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, Suppose the wage on the vertical axis refers to the real wage. Minimum wage laws B. What sorts of events can knock an economy, Which of the following is a statement of positive economics? B. b. Full employment means that the unemployment rate is less than 1/2 of 1 percent. a. 20. a. Labor income Which statement below about the exchange rate is FALSE? Which of the following statements is true regarding the natural unemployment rate? A. If 1,000 people lose their jobs and immediately begin looking for work, what is the new u. c. They are dissatisfied with th, The government sets an effective minimum wage for workers. Which of the following statements is correct regarding involuntary unemployment? 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? Calculate GDP loss if equilibrium level of GDP is $8,000, unemployment rate 8.8%, and the MPC is 0.80. A. b. There must be involuntary unemployment in an efficiency wage equilibrium. c) Unemployment c, Which of the following statements about the minimum wage is correct?

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