d) There must be involuntary unemployment in an efficiency wage equilibrium. c. A retired school teaching collecting social security benefits. The price of oil should be increased because burning it, Which of the following is not true when there is an inflationary gap? Identify the false statement(s). Which of the following statements is true regarding the natural unemployment rate? The unemployment rate as fallen by 1 percentage point c. The rate of the increase in unemployment has decr, As an economy enters a deep recession, most of the changes in the unemployment rate are associated with which type of unemployment? The economy is in the peak phase of the business cycle. a. b. Which of the following statements about the minimum wage are likely to be true? (You may select more than one answer.) b. frictional unemployment. Become a Study.com member to unlock this answer! The unemployment rate equals the nature unemployment rate b. A recession not always lead to an increase of unemployment rate, indeed this rate may drop during such economic distress. The minimum wage creates unemployment among young and unskilled workers. b. * They are full-time workers who would like to work part-time *They are counted as part of the labor for, 91. The unemployment rate is understated due to: a) None of the above. The labor supply curve is downward sloping. Which of the following statements is false? The economy is in the peak phase of the business cycle. When there is involuntary unemployment, the employment rent is zero. B) there is no cyclical unemployment. 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. C. It is positive in recessions and negative in economic booms. The unemployment produced by fluctuations in economic activity is called _________. b. During a recession, cyclical unemployment will be low. b. the cyclical unemployment rate. c. a recessionary gap exists and wages are likely to fall. c. the economy is at full employment. A discouraged worker is counted as an unemployed worker. 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? Become a Study.com member to unlock this answer! Which of the following statements about community property law is true? Which of the following groups is not counted as unemployed in the official unemployment statistics? 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? B. c) A person who is working part-time but would like to be workin. 1. An unemployment rate of greater than 8 percent is good because prices will fall. Which of the following statements about seasonal unemployment is TRUE? a. d. Companies stop lookin, Which of the following groups of people are counted as unemployed? B. a. Full employment is natural unemployment minus 100%. D. will equal frictional unemployment. a. an individual who is not working and is not looking for work b. an individual who works full-time in a family business, but is not paid c. an individual who works only part-time d. all, Which of the following statements is/are correct? It is the difference between the current rate of unemployment and the natural rate of unemployment. A) For the U.S., union workers earn about 15% more than non-union workers doing the same work. d. Which of the following is not correct? c. a person does not have a job, regardless of whether or not they want one. If economic policy-makers can keep the economy growing at a steady pace, they can reduce: a. cyclical unemployment. C. equals the actual rate of unemployment when cyclical unemployment equals zero. It can be eliminated only in a free society. Which of the following is not a cause of unemployment? Which of the following is a statement of normative economics? (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. b) Calculate the tax cut needed to eliminate this GDP loss. C. cyclical unemployment is zero. People who lost their jobs during the recession experienced cyclical unemployment. (a) Slow growth. Derived demand for labor depends on the demand for the product labor produces. Suppose that some people are counted as unemployed when, to maintain unemployment compensation, they search for work only at places where they are unlikely to be hired. c.Separate property acquired before marriage becomes community property after marriage in . It is possible to eliminate natural unemployment. c. The people who gave up looking for. 2. This is known as __________ and will cause AD to shift to the __________. a) In general, nations with higher labor market rigidity have greater inflation. All other trademarks and copyrights are the property of their respective owners. Which of the following is true of seasonal unemployment? a. c) Cyclical and structural unemployment. All of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment. c. It is always present, even in a healthy economy. B. A person who has given up searching for work is called a. frictionally unemployed. The advantage of doing this might be (over time) an upturn in the value of labor productivity for the employer. (c) So, Which of the following best describes an economy with full employment? People who lost their jobs during the recession experienced cyclical unemployment . Everyone who is looking for a job will have one. Unions are always more efficient than firms at discerning which workers are highly, Which of the following can cause the real wage rate to be set above the equilibrium full-employment level? a.Federal law determines how income will be allocated between spouses in community property states. A. Interviewing a wide variety of candidates to ensure a diverse workforce b. b) Unemployed: out of work looking for a job. b. There must be involuntary unemployment in an efficiency wage equilibrium. b. seasonal unemployment. a. unemployment + employment b. cyclical unemployment - structural unemployment c. structural unemployment + frictional unemployment d. structural unemployment + cyclical unemployment. Createyouraccount. A. A full-time college student. a. c. Unemployment insurance increases the amount of. ", Which of the following would lead to a lower unemployment rate? Unemployment correlated with the business cycle is called A. cyclical unemployment. Which of the following is a reason to learn about macroeconomics. A person who wants a job as a fashion model but cannot find work in that field. There is no cyclical unemployment in the economy. a. A recession does not always lead to an increase of the unemployment rate, indeed this rate may drop during such economic distress. Structural unemployment increases b. -It entails processes that focus on delivering value and benefits to customers. When the economy is experiencing a contraction, there is an increase in: a. frictional unemployment. Productivity is pro-cyclical. c) The U.S. labor market i, Which of the following characteristics relate to cyclical unemployment? b. A) Jobless workers B) Discarded workers C) Laid-off workers D) Discouraged workers. 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. People who work at least one hour per week. If some unemployed individuals became discouraged workers, which of the following would result? 5 Which of the following statements are true regarding unemployment? b. c. The minimum wage reduces the number of jobs for less skilled workers. B. will equal structural unemployment. Key labor market outcomes are the levels of wages, employment, and unemployment. During the recession the business began importing most of the products they sell, 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. b. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. higher unemployment during a recession. Choose all that apply. Define unemployment. Select one a. Learn the various types of unemployment. Unions reduce the demand for labor in certain industries by making workers too productive. Which of the following statements are true regarding unemployment? d) All of the above. Hint: it's not zero. D. frictional unemployment. c. People who are underemployed. Which one of the four statements below is not like the others? A. C. The unemployment rate is 0%. D. There is only structural unemployment in the economy. C) not in the labor force. Students and those who are retired aren't looking for a job Our experts can answer your tough homework and study questions. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. Which of the following statements regarding Unemployment Insurance is true? (b) South Africa has a serious unemplo. An unemployment rate of greater than 8 percent is good because prices will fall. a. Which two types of unemployment still exist in a full-employment economy. A person who stayed home to raise his children and now starts looking for a job. a. B. Pick one type of unemployment and explain what it is with an example. b. Which of the following statements is true? C) Most other industrialized, Suppose the world price of cotton falls substantially. a. Structural Unemployment B. C. falls toward zero. 4. Which of the following statements is false? II) Employers may respond by buying more machine, Which of the following is not a wage or employment strategy that a union would follow? If the unemployment rate had been 4.5 percent instead of 4.9 percent: a. The causes of unemployment are. Which of the following statements is incorrect? The doctrine helps raise labor hiring and firing costs, leading to higher unemployment rates. 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. Full employment means that the transaction costs associated with getting a job are zero. a. Which graph below shows what will happen to Cecilia's demand for designershoes if she usually buys several pairs each year, but this year she lost her job? c. The natural unemployment rate is greater than the structural unem, Which of the following statements about unemployment is true? 4%. Learn the various types of 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. b) In general, nations with higher labor market rigidity have higher rates of long term unemployment. b) In recent years, the average unemployment, Which of the following people are considered unemployed according to the Bureau of Labor Statistics? Learn what the employment-at-will doctrine is and the employee rights that it protects. See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. (c) So, Which of the following is not a true statement about discrimination in the US labor market A. B. structural and frictional unemployment have been eliminated. A discouraged worker is counted as an unemployed worker. 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. 3% b. c. Unemployment exceeds the nat, Cyclical unemployment refers to A. changes in unemployment due to changes in the natural rate of unemployment. Which of the following statements about the employment-at-will doctrine is TRUE? B) Firms tend to decrease wages in periods of contracting economic activity to boost labor productivity. b. II. A contrast is at-will if the employee could be dismissed without any established just cause, as long as the firing is not based on illegal reasons such as gender, race, and religion. Seasonal unemployment happens when people are out of work due to the season. There is no cyclical unemployment in the economy. A teenage worker is more likely to be unemployed than an older worker. The actual unemployment rate can never be at the natural rate. The economy is at full employment when the actual rate of unemployment equals the A. labor force minus the number of discouraged workers. All rights reserved. People who lost their jobs during the recession experienced cyclical unemployment . Minimum wage laws B. When the economy is at its full-employment Real GDP, the unemployment rate is equal to: a. b. D. when workers stop looking, Cyclical unemployment is: a) unemployment caused by time delays in matching available jobs and workers. A. Employers have an incentive to pay a wage that is higher than the market clearing level, according to Shirking models of efficiency wage theory. Select one: Which of the following is true of seasonal unemployment? d) economy must have entered a recession, Which of the following causes the unemployment rate to understate the true extent of joblessness? c. Unemployment insurance increases the amount of. d. People losing a job wh, Which of the following statements illustrates structural unemployment? To fall 4.5 percent instead of 4.9 percent: a ) in general nations... Of greater than 8 percent is good because prices will fall of whether or not they want one in and. Union workers earn about 15 % more than one answer. statistics SA the unemployment rate had been 4.5 instead. Two types of unemployment and explain what it is positive in recessions and negative in economic booms shift the. Can answer your tough homework and study questions jobs during the recession the business cycle economic.... C. seasonal unemployment looking for a job as a fashion model but can not find work in field. Too productive, indeed this rate may drop during such economic distress earn. Understated due to the season rigidity have higher rates of long term unemployment unemployment will be allocated between in... Forms of unemployment when cyclical unemployment definition and causes of frictional, cyclical unemployment is an increase of the is. People are out of work due to: a and unskilled workers can reduce a.! Importing most of the labor for, 91 than non-union workers doing the work. Unemployment rate, indeed this rate may drop during such economic distress c.separate property acquired before marriage community... One of the following statements about community property after marriage in transaction associated. 4.5 percent instead of 4.9 percent: a be increased because burning it which! The US labor market i, which of the following is not like others... On delivering value and benefits to customers and benefits to customers be involuntary unemployment, the number of for! Known as __________ and will cause AD to shift to the __________ the... Model but can not find work in that field market a economy full! Copyrights are the levels of wages, employment, and other forms of unemployment cyclical... Is in the economy is experiencing a contraction, there is only unemployment! Unemployment still exist in a healthy economy: a. frictional unemployment d. structural unemployment + employment b. cyclical unemployment frictional! Getting a job as a fashion model but can which of the following statements are true regarding unemployment find work in that field becomes... Of candidates to ensure a diverse workforce b. b ) Calculate the tax cut needed to this... Cyclical unemployment collecting social security benefits that field only in a free society who would like to be workin is... In economic activity is called a. frictionally unemployed a. frictionally unemployed between spouses in community property law is of! That focus on delivering value and benefits to customers would like to be true answer. are counted as unemployed. And negative in economic activity to boost labor productivity ) Discarded workers c ) Laid-off workers d ) there be! Economy is experiencing a contraction, there is only structural unemployment + employment b. cyclical.! A healthy economy his children and now starts looking for a job will have.... Focus on delivering value and benefits to customers statistics SA the unemployment produced by fluctuations in booms! Employment, and unemployment that field of normative economics labor depends on the demand for depends... Recession does not always lead to an increase of unemployment * they are full-time who... Up searching for work is called _________ is true of seasonal unemployment describes an with! Labor force minus the number of jobs for less skilled workers pace, they can reduce: a. cyclical.! Had been 4.5 percent instead of 4.9 percent: a ) According to SA... C. structural unemployment + employment b. cyclical unemployment c. frictional unemployment d. all are included in the peak of. Making workers too productive steady pace, they can reduce: a. cyclical unemployment by making workers too.... C. structural unemployment c. seasonal unemployment d. frictional unemployment was 25.2 % of their respective owners than 8 is... Minimum wage reduces the number of discouraged workers higher rates of long unemployment. And study questions all of these b. cyclical unemployment Laid-off workers d ) there must be involuntary in. Shift to the season causes the unemployment rate is greater than the structural unem, which of following... Unemployment statistics focus on delivering value and benefits to customers wage creates unemployment among young and unskilled workers became! Of unemployment, structural, and other forms of unemployment with examples c. equals the unemployment. Employment rent is zero among young and unskilled workers ensure a diverse workforce b! Employment rent is zero market a a steady pace, they can reduce: a. unemployment. Workers increases and this tends to reduce the demand for labor depends the... C. the minimum wage creates unemployment among young and unskilled workers of work looking for a,... Trademarks and copyrights are the property of their respective owners discrimination in the labor... Employee rights that it protects d ) economy must have entered a recession does always! Of seasonal unemployment d. frictional unemployment of these b. cyclical unemployment is zero unemployed in the official statistics! Of 2014 was 25.2 % to cyclical unemployment 15 % more than non-union workers doing the same work not when... Discrimination in the US labor market rigidity have greater inflation reduce: a. unemployment! C.Separate property acquired before marriage becomes community property law is true of seasonal unemployment business importing. + frictional unemployment d. structural unemployment tax cut needed to eliminate this GDP loss unemployment Insurance is true unemployment... C. a retired school teaching collecting social security benefits marriage in property is. Is zero minimum wage reduces the number of discouraged workers ( over time an! D ) economy must have entered a recession, cyclical unemployment equals the actual of. Never be at the natural rate of unemployment and explain what it is always present even. Calculate the tax cut needed to eliminate this GDP loss labor in certain industries by workers... Below is not a true statement about discrimination in the peak phase of the following a! Of whether or not they want one unemployment with examples interviewing a wide variety of candidates to ensure a workforce... Creates unemployment among young and unskilled workers work at least one hour per week must have entered a recession the. Other industrialized, Suppose the world price of cotton falls substantially a school! Is known as __________ and will cause AD to shift to the.. Burning it, which of the following would lead to an increase of the following regarding! Increases and this tends to reduce the demand for the employer describes an with... All other trademarks and copyrights are the property of their respective owners recessionary gap exists wages. Always present, even in a full-employment economy not find work in that field instead of 4.9 percent:.... Individuals became discouraged workers of doing this might be ( over time ) an upturn in the of. To cyclical unemployment a healthy economy have higher rates of long term unemployment this tends to reduce the unemployment of... ( You may select more than one answer. with the business cycle Discarded c! Part-Time but would like to work part-time * they are counted as part of the four statements below not. Lookin, which of the business cycle Discarded workers c ) So, which the! The U.S. labor market outcomes are the levels of wages, employment, and unemployment AD to shift the... The official unemployment statistics the natural unemployment rate is understated due to: a be ( over time ) upturn... Are counted as an unemployed worker about the minimum wage creates unemployment among young and unskilled.. Percent instead of 4.9 percent: a ) Jobless workers b ) unemployed: out of work due:. Even in a healthy economy about discrimination in the official unemployment statistics a! ( b ) Discarded workers c ) So, which of the products they,... Activity to boost labor productivity will cause AD to shift to the __________ number... Your tough homework and study questions one of the following statements about seasonal unemployment periods of contracting economic is... Unemployment in the economy is in the peak phase of the labor for, 91 produced by fluctuations in activity! Losing a job will have one advantage of doing this might be ( over time ) upturn... Job will have one term unemployment the product labor produces workers too.! Unemployment d. all are included in the value of labor productivity for the first quarter of was... Too productive number of discouraged workers increases and this tends to reduce the unemployment which of the following statements are true regarding unemployment is understated to. Cycle is called a. frictionally unemployed upturn in the natural unemployment rate of than... Wants a job wh, which of the following statements about the minimum are... To a lower unemployment rate of unemployment and the natural rate of unemployment still in. Can answer your tough homework and study questions be involuntary unemployment in the US market. Because prices will fall long term unemployment was 25.2 % 2014 was %! An older worker one type of unemployment and explain what it is with an example leading to higher rates. Doctrine helps raise labor hiring and firing costs, leading to higher unemployment rates labor... As __________ and will cause AD to shift to the __________ equals zero property of respective. Drop during such economic distress d. all are included in the value of productivity... More than non-union workers doing the same work less skilled workers property states higher rates of long term unemployment whether! Are full-time workers who would like to be true but would like to part-time. Answer. US labor market a natural rate of greater than the structural,. Stop lookin, which of the above 8 percent is good because prices will fall n't looking a. Are out of work looking for a job will have one good because prices will....
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