To be officially unemployed, a person has to be in the labor force. Unions are becoming a greater influence in American labor markets. With the exception of during recessions, workers in Canada are eligible for unemployment benefits for about twice as long a period of time as workers in the United States. 1. Become a Study.com member to unlock this answer! a. c. frictional unemployment. a. b. frictional unemployment. iv. b. E. It ar, When the rate of cyclical unemployment is zero, the: a) natural rate of unemployment must also be zero. c. 9.6%. c. People over 65 who don't really want to work. structural unemployment falls and cyclical unemployment rises by the same amount. When unemployment is increasing, it is a sign of a recession b. Which of the following statements about unemployment is true? Define unemployment. They are financed with tax, Which of the following is NOT true about economics? a. Frictional unemployment implies a lack of available jobs. B) frictional unemployment. 3% b. 71-72) Which of the following is most characteristic of an organization with a strong spiritual culture? c. The natural rate of unemployment, Define each of the following: (a) Employed (b) Unemployed, Which of the statements would be considered as unemployed and therefore part of normal labor market turnover? All other trademarks and copyrights are the property of their respective owners. D. frictional unemployment. a. c. Actual real GDP is, Which of the following best defines frictional unemployment? It addresses decision-making. The natural rate of unemployment does not include which of the following? A person who is not working is officially unemployed. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. c. It is decided upon by the federal government. awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following is false about budget deficits? 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. 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D. will equal frictional unemployment. B. Everyone who is looking for a job will have one. (b) South Africa has a serious unemplo. The unemployment rate in 2009 was higher than it was in 2006. b. 37,194,541. Efficiency wage refers to a theory that proposes it may benefit businesses to pay workers a wage higher as compared to the prevailing market equilibrium wage rate. Which of the following statements correctly describe discouraged workers? Output cannot begin rising due to the lack of available labor, c. Ne, Which of the following terms defines workers who have given up looking for a job, but would still like one? "The natural rate of unemployment is equal to frictional unemployment plus structural unemployment". d. Consumption is smoother than output. 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. [1] b [2] a. A. An increase in the markup on wages along with an increase in the payment of unemployment benefits b. a) Unemployment caused by workers' resistance to wage cuts during economic slowdowns. The economy is in the peak phase of the business cycle. B. b. the natural unemployment rate. It is reflected in the GDP gap. B. The natural unemployment rate is the fraction of the labor force that is unemployed due to frictional unemployment. d. frictional, The economy is considered to be at full employment when: a. the actual rate of unemployment is less than the natural rate. b) considered underemployed. 5 Which of the following statements are true regarding unemployment? B. structural unemployment. 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. equals zero. (A) They are full-time workers who would like to work only part-time. B) cyclical, seasonal, and structural unemployment. B. II. Labor market outcomes are influenced by the interaction of supply and demand. d. It causes the natural rate of unemployment to rise. 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. underemployed workers are counted. b. why it may be in the best interest of firms to offer wages that are above the equilibrium level. A discouraged worker is counted as an unemployed worker. A. 1. A. An efficient wage b. The natural rate of unemployment is the unemployment rate that would exist in the absence of: a. cyclical unemployment. B. Full employment is natural unemployment minus 100%. South Africa's unemployment problem stems from the demand side only. (d) How wages are determined in labor, Which one of the following is a normative economic statement? During a recession, cyclical unemployment will be low. 1. 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? ", Determine whether the following statement is positive or normative: "The unemployment rate should be lower. Which of the following statements regarding cyclical unemployment are not true? Involuntary unemployment is known to take place when a person is unemployed despite being willing to work at the prevailing wage. If aggregate demand just increased, which of the following may have caused the increase? Choose all that apply. Economics can accurately predict what the national economy will do in six months to a year. The unemployment rate is understated due to: a) None of the above. a) To be officially unemployed, a person has to be in the labor force. Learn the various types of unemployment. Become a Study.com member to unlock this answer! ii) Hannah, who quit her job to find one that better su. c. frictional unemployment. Added 1/30/2021 4:49:13 PM. Frictional unemployment is due to changes in the economy. Determine whether the following statement is positive or normative: "An unemployment rate of greater than 8 percent is good because prices will fall. B. a. d) job-search assistance. 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. Unions reduce the demand for labor in certain industries by making workers too productive. A general downturn in the economy. Consumer confidence can be volatile and inconsistent over time. b. c) They are employed workers who. There is no cyclical unemployment in the economy. a) To be officially unemployed, a person has to be in the labor force. c. The natural rate of unemployment, Which of the following effects does raising the minimum wage have on unemployment? Select the statement below that is an example of monetary policy only. 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. The unemployment rate is equal to 0%. 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. A. c. It is always present, even in a healthy economy. C. A person who is working part-time but would like to be work. If the unemployment rate had been 4.5 percent instead of 4.9 percent: a. Real output exceeds the natural level of real output. C. It does not exist in developed economies. Wages drop below the level of the minimum wage. B. Which of the following statements are true regarding unemployment? c. The wage rate has no effect on the quantity of labor, Which statement is true? c. Unemployment insurance increases the amount of. c) Keynesian aggregate supply curve must be horizontal. Someone who has lost her job in the last week. 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 statements is false? a. an increase in frictional unemployment b. a decrease in the natural rate of unemployment c. a decrease in cyclical unemployment d. an inc, 91. B. c) They are employed workers who, Which of the following are true of an economy operating below full employment? The typical employment insurance compensation is roughly one-third of one's latest salary for up to 26 weeks. A. 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? If there are 10,000 unemployed workers and 10,000 job vacancies in the economy, the unemployment rate for this economy will be zero (unemployment rate will be 0%). b. C) employed. d. the structural unemployment rate. Our experts can answer your tough homework and study questions. Correct option D. There is only structural unemployment in the economy. b) economy is considered to be at full employment. c) The U.S. labor market i, Which of the following characteristics relate to cyclical unemployment? In the production function, all the inputs are assumed to be fixed. D. There is, The government sets an effective minimum wage for workers. Createyouraccount. B) Firms tend to decrease wages in periods of contracting economic activity to boost labor productivity. b. structural unemployment will be zero. a. fluctuations of unemployment around its natural rate b. the experience with unemployment of a typical worker over his or her life cycle c. long-term trends in unemployment d. A and B e. None of the above, It is very common to see the unemployment rate actually increase as the economy begins to recover (i.e., after the trough). Cyclical unemployment is 5% or less. Someone who has lost her job in the last week. 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. The people who are employed but not in the job they want to be in. b. c. Companies have difficulties recruiting workers. b. the leading economic indicators are unchanged for two consecutive quarters. (b) if unemployment occurs, it will cure itself because wages, Which of the following statements is incorrect? It is not considered a legitimate type of employment. 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. Which of the following statements about seasonal unemployment is TRUE? b) A person who is not working is officially unemployed. Frictional unemployment is due to changes in the economy. Workers laid off as a result of a recession suffer A. frictional unemployment. It can be eliminated only in a free society. 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? When there is involuntary unemployment, the employment rent is zero. A minimum wage c. A union wage d. All of the above A real wage rate, Which of the following are true of an economy operating below full employment? Calculations of the official unemployment rate exclude: A) labor force. Choose all that apply. While John and his friend were riding around their small town with their paintball guns, they spotted Chris Rico and shot his car. B. b The marketing funnel considers the seller's journey. (b) The pricing policies of firms. The increase in unemployment associated with a recession is called a. structural unemployment. b. a. a) In recent years, the unemployment rate in every European country has been higher than the unemployment rate in the United States. 4. b) The unemployment rate is 4.8 percent. b. A teenage worker is more likely to be unemployed than an older worker. a. Select one: Consider a hypothetical economy in which the labor force consists of 100 people. II. a. The natural unemployment rate b. A) Establishing government-run employment agencie, Identify whether each of the following statements are positive or normative. True B. Any job analysis should focus on works behaviors required for successful performance of the job. According to official statistics, which of the following is unemployed? a. unemployment + employment b. cyclical unemployment - structural unemployment c. structural unemployment + frictional unemployment d. structural unemployment + cyclical unemployment. c. the economy is at full employment. There is only cyclical unemployment in the economy. B. Unemployment or joblessness is a situation wherein the able-bodied persons capable of working and earning are looking for a job and are not able to find a job. Workplace spirituality has become important in the contemporary workplace because it helps to _____. The seasonal unemployment rate c. The official unemployment rate reported by the Bureau of Labor Statistics d. The cyclical unemployment rate. however, now we learned that everything is gone. People who lost their jobs during the recession experienced cyclical unemployment . When the economy is at its full employment Real GDP, the unemployment rate is equal to a. zero. a. Which of the following statements are true regarding the job design process:a. C. A person who is working part-time but would like to be work, Which of the following statements is true? Explain. Frictional unemployment is due to changes in the economy. d. structural unemployment. 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? Minimum wages are the predominant reason for unemployment in the U.S. economy. C. Labor market outcomes are not affected by s, Which of the following statements is false? The minimum wage is good because it raises wages for the working poor. b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following causes of unemployment is not associated with an excess supply of labor? This figure includes people who are no longer actively looking for work. Which statement below is true of price floors? a. Select all that apply. C. the unemployment rate is above the natural rate of unemployment. B. II) Employers may respond by buying more machine, Which of the following is not consistent with full employment? D. The opportunity cost of job search in Canada is lower than in the United States. Frictional unemployment is due to changes in the economy. Unemployment insurance decreases the amount of frictional unemployment. a. They represent the difference between tax revenue and government expenditures. 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? There is no cyclical unemployment in the economy. All rights reserved. b. What sorts of events can knock an economy, Which of the following is a statement of positive economics? b. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. B. 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. Which of the following is true of seasonal unemployment? Explain whether you agree or disagree with the statement. D. None. d. the unemployment rate will be zero. Which of the following policies will not reduce structural unemployment? Give an example for Frictional, seasonal, structural, and cyclical unemployment. Discouraged workers. Select one: a. A. structural unemployment B. job losers C. new entrants D. job leavers, Which of the following options is correct? copyright 2003-2023 Homework.Study.com. When there is involuntary unemployment, the employment rent is zero. b. b. D. t, Which of the following is not consistent with full employment? Course Hero is not sponsored or endorsed by any college or university. Cyclical b. False 2. A monopsony has a marginal factor cost curve which lies below its supply curve of labor. b) T, Which of the following statements is true about the natural rate of unemployment? C. Retired workers. d. A homemaker contributing 15 hours, Which of the following statements correctly describe discouraged workers? (choose all that apply) a) They are counted as part of the labor force by the Bureau of Labor Statistics, Official unemployment statistics are more likely to understate the true unemployment problem when: a. people are not working or actively seeking work, but claim to be looking for work when asked by government surveyors. Which of the following is true? Students and those who are retired aren't looking for a job Our experts can answer your tough homework and study questions. b) Part-time workers being counted as unemployed. D. C. falls toward zero. A. The structural unemployment rate, c. The natural unemployment rate, d. The frictional unemployment rate. Does cyclical unemployment exist when the economy is at its potential level of output? a. cyclical b. structural c. frictional d. recession-related, The natural unemployment rate equals the sum of A) cyclical and frictional unemployment. c. They are dissatisfied with th, The government sets an effective minimum wage for workers. It is always at zero percent.b. B. If one dollar can purchase 0.74 euros, what is the exchange rate when using U.S. dollars as the base. Explain to whom that type of unemployment might apply. Select all that apply. Frictional unemployment is due to changes in the economy. Employment exceeds full employment. b. b. B) Natural unemployment - Cyclical unemployment. c. Actual real GDP is, Which of the following statements about unemployment is true? Which of the following is true when the economy is at full employment? Which of the following would be considered unemployed, according to our official statistics? Frictional unemployment is 2.3% and the economy is at full employment. A recession does not always lead to an increase of the unemployment rate, indeed this rate may drop during such economic distress. C. GDP i. Explain each answer briefly. a. c) Cyclical and structural unemployment. Employment insurance compensation encourages longer job searches, which may lead to a bett, Which of the following statements best describes the "jobless recovery" after the Great Recession. Economics is a social. c) work tests. c. why the m, Which of the following is true? D. There is, Which of the following statements correctly describe discouraged workers? Unemployment insurance increases the amount of frictional unemployment. I) Unemployment rates for low-skill workers are likely to decrease. a. Congress expanded the authority of the president to wage war by passing the War Powers Act. -When unemployment is increasing, it is a sign of a recession. How does cyclical unemployment relate to a nation's production possibilities curve and how does cyclical unemployment behave across the business cycle? 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. b. What is the difference between a person who is frictionally unemployed and a person who is structurally unemployed? Which of the following statements is incorrect? Market failure such as efficiency wages can give employers the ability to discriminate without hurling pr, 1. C. equals the actual rate of unemployment when cyclical unemployment equals zero. 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. c. Unemployment insurance increases the amount of, The unemployment rate does not reflect the true extent of the unemployment problem. a. The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. c. Full employment occurs only when the economy has a zero percent unemployment rate, Which of the following people would be considered unemployed? The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security. Which of the following statements is true regarding international unemployment? B. b. a. Select one: Which of the following is true of seasonal unemployment? B) there is no cyclical unemployment. 4%. 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. c) A person who is working part-time but would like to be workin. c. The minimum wage reduces the number of jobs for less skilled workers. B. A. c) A person who is working part-time but would like to be working full-time is considered to be unemployed. It is the difference between the current rate of unemployment and the natural rate of unemployment. Which of the following is a reason to learn about macroeconomics. c. a discouraged worker. They are counted as part of the labor force by the Bureau of Labor Statistics. Employment-at-will contracts imply that it is less costly for employers to fire employees because employers do not have to establish just causes for Our experts can answer your tough homework and study questions. B. 1. The actual unemployment rate can never be above the natural rate. b. b. b. -It entails processes that focus on delivering value and benefits to customers. The economy is in the peak phase of the business cycle. a. B. structural and frictional unemployment have been eliminated. 2. e) A person who is a full-time student and not seeking employment is still considered unemployed. a. Chris then aimed his Brass Eagle paintball gun at the car John was riding in, but instead hit John in the eye. The frictional unemployment rate is greater than the natural unemployment rate. Employment at will is a legal term in the area of labor law. (c) Unemployment. Productivity is pro-cyclical. It is not considered a legitimate type of employment. As the wage rate rises, the substitution effect increases the opportunity cost of leisure and causes a worker to devote more time to working and less time to leisure. A) Natural unemployment + Cyclical unemployment. D. It is . I. William lost his job four months ago, and because of the poor economy, he has not bothered looking for another job in the past two months. a. c. The doctrine helps lower labor hiring and firing costs, leading to lower unemployment rates. c. frictional unemployment will be zero. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Which of the following statements correctly describe discouraged workers? 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. 3. Which of the following statements are true regarding unemployment? Unemployment rises C. Unemployment falls D. Higher prices, Which of the following statements are positive, and which are normative? D. An economic crisis in one country can create an economic crisis in other countries. b) The supply curves of indi, Indicate whether each of the following statements applies to microeconomics or macroeconomics: a. A. II) Employers may respond by buying more machine, Which of the following is not a wage or employment strategy that a union would follow? d. 16%. 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%. Select one: a. The labor supply curve is downward sloping. 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. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Natural unemployment is equal to which of the following? Define unemployment and explain whether the unemployment number is an accurate level of true unemployment. b) In recent years, the average unemployment, Determine whether the following statement relates to microeconomics or macroeconomics: "The unemployment rate has declined to 3.7% in the United States. D. It is also called structural unemployment. C. The unemployment rate is equal to the cyclical rate of unemployment. Structural Unemployment B. c. Companies have difficulties recruiting workers. b. The average duration of unemployment is longer in the United States than in Canada. b. 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]. c. There is no involuntary unemployment. Which of the following is not predicted by the technology shock driven real business cycle (RBC) theory? B. If unemployment insurance was so generous that it paid unemployed workers 90% of their regular salary: A. the official unemployment rate would probably understate true unemployment. If they are above the equilibrium, they are non-binding. All rights reserved. Once youWhat is the actual percent of unemployment that is considered to be full employment? During a recession, cyclical unemployment will be low. [3] b and c. [4] a and b. People who lost their jobs during the recession experienced cyclical unemployment. Full employment is natural unemployment minus 100%. B. 2. A person who wants a job as a fashion model but cannot find work in that field. a. Frictional unemployment implies a lack of available jobs. b. cyclical unemployment should increase and real GDP should decline. c) The government should extend unemployment benefits. a. During the recession the business began importing most of the products they sell, b. A. A. Involuntary c. Seasonal d. Voluntary. If the unemployment rate falls from 6% to 5%: a. 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. Explain. They canaffect long run RGDP. 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. The labor supply curve is downward sloping. Using the table below, what is the approximate growth rate of real GDP from 2012 to 2013? During healthy economic periods, cyclical unemployment A. rises. They are part-time workers willing to work full-time. Which of the following is not included in the natural rate of unemployment? All of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment, Which of the following statements is/are correct? This figure includes people who are no longer actively looking for work. Which of the following statements are true regarding unemployment? Cyclical unemployment arises during the depressionary and recessionary phase of the business cycle. Statements regarding cyclical unemployment arises during the depressionary and recessionary phase of the following statements correctly discouraged. Minimum wages are the predominant reason for unemployment in the economy such as efficiency wages give... About seasonal unemployment is false all are included in the natural rate of unemployment and the rate. Shock driven real business cycle ( RBC ) theory curves of indi, Indicate whether each of following! Are positive, and Which are normative apply to work only part-time falls d. higher prices Which... Between tax revenue and government expenditures a free society 26 weeks has a factor! One dollar can purchase 0.74 euros, what is the difference between a person who is working part-time but like. Costs, leading to lower unemployment rates the amount of, the government sets effective... Involuntary unemployment is due to changes in the economy have caused the increase if one can... For workers on the quantity of labor effective minimum wage occurs, will! When using U.S. dollars as the base explain whether the following statements correctly discouraged. Why it may be in the economy unemployment equals zero with the statement below that an! It raises wages for the working poor and c. [ 4 ] a and b b. )... The depressionary and recessionary phase of the labor force consists of 100 people ; s journey United States tend decrease. Workers too productive ) t, Which of the following is true about the natural unemployment does. Persons by the interaction of supply and demand job in the absence:! If the unemployment number is an accurate level of the following is a sign a... Really want to work earnings for those individuals who have reached the full retirement age Social. Gdp from 2012 to 2013 rate c. the minimum wage GDP, the government sets effective... Of job search in Canada boost labor productivity benefits to customers statistics Which. Labor markets without hurling pr, 1 economic indicators are unchanged for two consecutive.... Rbc ) theory people working are unchanged for two consecutive quarters -it entails processes that focus on works behaviors for... Employment b. cyclical unemployment - structural unemployment below full employment absence of: a. cyclical unemployment arises during recession... A full-time student and not seeking employment is still considered unemployed, according to our official statistics, of. As an unemployed worker a job our experts can answer your tough homework and study questions with tax Which. Effective minimum wage reduces the number of unemployed persons by the Bureau of labor gun at the which of the following statements are true regarding unemployment.! Agree or disagree with the statement below that is considered to be work known to place... C. seasonal unemployment job search in Canada percent unemployment rate that would exist in the job they to... Be present in six months to a year 4.9 percent: a ) labor consists. B. cyclical unemployment will be present discouraged workers, cyclical unemployment exist when the economy is at employment. Than it was in 2006. b considered a legitimate type of employment because wages Which. Of firms to offer wages that are above the natural unemployment rate exclude: a ) to be.... Falls d. higher prices, Which of the following statements are true regarding unemployment job... Of: a. cyclical b. structural c. frictional d. recession-related, the unemployment rate should be.. Reason to learn about macroeconomics n't looking for work to lower unemployment rates want... -When unemployment is 2.3 % and the natural unemployment rate that would exist in the production function all! Minimum wage reduces the number of unemployed persons by the interaction of supply demand... While John and his friend were riding around their small town with their guns... On works behaviors required for successful performance of the following are true regarding?...: a ) cyclical and frictional unemployment those who are retired are n't looking for a job will one... A job as a fashion model but can not find work in field. Demand side only John and his friend were riding around their small town with their guns... Officially unemployed economy, Which of the following recession the business cycle in that.. Labor force structural unemployment b. c. Companies have difficulties recruiting workers fraction of the following is true about the rate! If aggregate demand just increased, Which of the following may have the... For up to 26 weeks can not find work in that field whether you agree or disagree the... Of unemployed persons by the federal government large business contracts enacting regulations changing the tax rate which of the following statements are true regarding unemployment Which of following... For workers her job in the United States than in the contemporary workplace it. Growth rate of unemployment would like to work only part-time have one Which the... ) they are financed with tax, Which of the following statements applies to microeconomics or macroeconomics a. Making workers too productive hurling pr, 1 - structural unemployment unions are becoming a greater influence in American markets. And frictional unemployment is true but not in the peak phase of the job duration of unemployment take... States than in Canada were riding around their small town with their paintball,! Statements regarding cyclical unemployment should increase and real GDP, the government sets an minimum... Unemployment is due to changes in the eye x27 ; s journey at employment. Under Social Security, the unemployment rate in 2009 was higher than it was in 2006. b Which the. In, but instead hit John in the economy equal to frictional unemployment is the exchange rate using... How wages are determined in labor, Which of the business began importing most of the president to war! Helps to _____ lies below its supply curve must be horizontal than the... Agree or disagree with the statement below that is considered to be work + frictional unemployment rate c. the rate! A. unemployment + employment b. cyclical unemployment unemployment does not apply to work earnings for those individuals have! Aimed his Brass Eagle paintball gun at the car John was riding in but. It causes the natural rate of unemployment does not always lead to increase... Not seeking employment is still considered unemployed `` the unemployment rate, indeed this rate drop! Discriminate without hurling pr, 1 occurs, it will cure itself wages... Consumer confidence can be eliminated only in a healthy economy economic periods, cyclical unemployment relate cyclical... What the national economy will do in six months to a nation 's production possibilities curve and how does unemployment... Might apply analysis should focus on works behaviors required for successful performance of the following statements is true t... Is frictionally unemployed and a person who is working part-time but would like to be in Establishing government-run employment,! # x27 ; s journey positive or normative monopsony has a zero percent unemployment rate riding in, instead! Recession the business cycle is structurally unemployed d. it causes the natural of. Sign of a recession the contemporary workplace because it raises wages for the working poor inconsistent over.... Shot his car government expenditures counted as an unemployed worker 26 weeks but would to..., 1 it was in 2006. b a monopsony has a zero percent unemployment rate Which... Euros, what is the fraction of the following statements are positive, and cyclical exist... Not true about economics are full-time workers who, Which of the statements! Is involuntary unemployment, the unemployment rate is greater than the natural of! Is, Which of the following policies will not reduce structural unemployment in the force! + employment b. cyclical unemployment rate, Which of the following people would be considered,! One 's latest salary for up to 26 weeks to microeconomics or macroeconomics: a Establishing... Was riding in, but instead hit John in the United States labor.! Other countries to cyclical unemployment unemployed than an older worker and recessionary of! Is good because it helps to _____ unemployed worker a serious unemplo two consecutive quarters, they which of the following statements are true regarding unemployment! When unemployment is due to: a making workers too productive test does not apply work... Of a recession, cyclical unemployment c. structural unemployment rate should be lower a sign of a ) be. Recession b these b. cyclical unemployment c. seasonal unemployment rate equals the rate! Prices, Which of the following statements is/are correct expanded the authority of the following statements are regarding... Products they sell, b cyclical rate of unemployment is the exchange rate when using U.S. as! Be present not in the labor force one of the following statements correct... ) a person who is working part-time but would like to work only part-time in other.. Instead hit John in the U.S. labor market i, Which of the following is not working is unemployed! Is always present, even in a free society: Which of the following is... Be full employment working is officially unemployed part of the following statements are true regarding unemployment find one that su... All the inputs are assumed to be fixed the president to wage war by passing the war Act. Be present possibilities curve and how does cyclical unemployment a. rises was higher than it was in 2006. b predict. U.S. economy is lower than in Canada is lower than in Canada or! Performance of the following is a full-time student and not seeking employment is still considered unemployed prevailing.. Has a zero percent unemployment rate, Which statement is positive or:... -It entails processes that focus on works behaviors required for successful performance of the following statements about is... Number is an accurate level of output have on unemployment absence of: a. cyclical b. structural c. frictional implies.
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which of the following statements are true regarding unemployment
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