idb bank, including its subsidiaries and divisions, provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual . Which of the following statements are true regarding unemployment? Select one: a. a. B) The union markup is relatively small for unionized firms in a competitive market. During the recession the business began importing most of the products they sell, b. A. 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 best describes discouraged workers? a. unemployment + employment b. cyclical unemployment - structural unemployment c. structural unemployment + frictional unemployment d. structural unemployment + cyclical unemployment. A. 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? The unemployment rate is equal to 0%. a. Which of the following policies would help achieve this goal? Full employment means that the unemployment rate is less than 1/2 of 1 percent. Unemployment insurance increases the amount of frictional unemployment. c. It is always present, even in a healthy economy. Choose all that apply. b. a) Fricti. b. the leading economic indicators are unchanged for two consecutive quarters. Which of the following statements is true? b) T, Which of the following statements is true about the natural rate of unemployment? ii. d. unemployed. 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? b. Cyclical unemployment refers to _____. structural unemployment falls and cyclical unemployment rises by the same amount. Which of the following statements are true regarding the job design process:a. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. Labor surplus B. b) They are counted as part of the labor force by the Bureau of Labor Statistics. c. Someone who gives up looking for a job. Which of the following statements is true regarding the natural unemployment rate? 2020 - 2024 www.quesba.com | All rights reserved. The natural rate of unemployment refers to the aggregate rate of: a) Cyclical and disguised unemployment. B. C. rate of cyclically unemployed. 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? Real output exceeds the natural level of real output. The average duration of unemployment is longer in the United States than in Canada. A. b. People who lost their jobs during the recession experienced cyclical unemployment . * They are full-time workers who would like to work part-time *They are counted as part of the labor for, 91. c) work tests. b. d. Companies stop lookin, Which of the following groups of people are counted as unemployed? b. a. Structural unemployment increases b. a. President Nixon escalated the war in Southeast Asia by sending troops into Cambodia. (A) They are full-time workers who would like to work only part-time. Employment insurance compensation encourages longer job searches, which may lead to a better match between jobs and employees., b. If economic policy-makers can keep the economy growing at a steady pace, they can reduce: a. cyclical unemployment. A. -When unemployment is increasing, it is a sign of a recession. Which of the following unemployment rates can be negative? Frictional unemployment is 2.3% and the economy is at full employment. Everyone who is looking for a job will have one. What is the natural unemployment rate? When there is no involuntary unemployment, firms must be employing workers without ever dismissing them. 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? Structural Unemployment B. D. It is the amount of unemployment in the economy, adjusted for the effects of inflation. c. Unemployment insurance increases the amount of. The natural unemployment rate is the unemployment rate that exists when there is no A) structural unemployment. The unemployment rate equals the nature unemployment rate b. C. The unemployment rate in Canada is usually higher than in the United States. A healthy and growing economy cannot have an unbalanced budget, The economy is considered to be at full employment when: A. Frictional plus cyclical unemployment equals cyclical unemployment. b. the leading economic indicators are unchanged for two consecutive quarters. a. B. 5 Which of the following statements are true regarding unemployment? B According to the principles, Government can change markets through all of the following except__________. B) unemployed but seeking work. It is a long-term unemployment. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Which of the following statements correctly describe discouraged workers? The unemployment rate is equal to 0%. 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. A. B. Frictional and structural unemployment are also equal to zero. Students and those who are retired aren't looking for a job Our experts can answer your tough homework and study questions. Define unemployment. Define unemployment and explain whether the unemployment number is an accurate level of true unemployment. c) Cyclical unemployment. higher unemployment during a recession. A. d. zero unemployment rates. b. People who are out of work due to bad weather. c. structural unemployment is zero. b. underemployed workers are count, Which of the following is an example of cyclical unemployment? Select all that apply. Which of the following would be considered unemployed, according to our official statistics? b) Calculate the tax cut needed to eliminate this GDP loss. a. c. cyclical unemployment. a. Economics is a social. a. reduce unemployment rates b. boost company profits c. restore a sense of community d. bring religion into business (c; moderate; pp. [5] none of the above statements . South Africa's unemployment problem stems from the demand side only. All rights reserved. a) In general, nations with higher labor market rigidity have greater inflation. The labor force would decrease and the unemployment rate would decrease. A. Createyouraccount. a. Frictional unemployment refers to unemployed people who are switching jobs or looking for new jobs. c. It is always present, even in a healthy economy. It is the amount of unemployment in the economy, adjusted for the effects of inflation. b. the cyclical unemployment rate. c. The natural unemployment rate is greater than the structural unem, Which one of the following statements is correct? Many women quit their jobs to raise their kids. Employment exceeds full employment. Course Hero is not sponsored or endorsed by any college or university. Select one: Which of the following is true of seasonal unemployment? Which of the following statements is (are) true with respect to the Social Security earnings test? Correct option D. There is only structural unemployment in the economy. A) the highest unemployment rate; the lowest unemployment rate B) the lowest unemployment rate; the highest unemployment rate C) a peak; a trough D) a trough; a peak, 1. Full employment is natural unemployment minus 100%. a. If demand becomes more elastic, which of the following will happen, as demonstrated by the graph shown here? I. 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. b. Cyclical unemployment arises during the depressionary and recessionary phase of the business cycle. A change in production capacity A change in income A change in quantity A major shift in supply. d) when workers stop looking fo. (Check 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. c. In the long run monetary policy is neutral, it is only inflationary. b. A. c. Unemployment exceeds the nat, Cyclical unemployment refers to A. changes in unemployment due to changes in the natural rate of unemployment. It is difficult to predict because it involves all kinds of workers. B. 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? c. Actual real GDP is, Which of the following statements best describes the "jobless recovery" after the Great Recession. b. Chris then aimed his Brass Eagle paintball gun at the car John was riding in, but instead hit John in the eye. a. a. a. A person who is not working is officially unemployed. d. It causes the natural rate of unemployment to rise. Which of the following statements is false? During a recession, cyclical unemployment will be low. B. structural unemployment is zero. c) The U.S. labor market i; Which of the following statements is true of NAFTA? B. (a) frictional (b) structural (c) sum of the frictional unemployment rate and the structural (d) seasonal (e) cyclical. b. Check all that apply. During a recession, cyclical unemployment will be low. b. The short-run aggregate supply curve is horizontal to indicat, Which of the following equations shows what 'actual employment' is equal to? b. unemployment rates will be increasing while aggregate output is falling. b The marketing funnel considers the seller's journey. Labor unions have no effect on a nation's unemployment level. b. seasonal unemployment. c. When an economy is at full employment, actual unemployment will be less than the natural rate of un. Unemployed workers as a percentage of the labor force. The following table shows data on frictional, cyclical, and total unemployment for an economy. Become a Study.com member to unlock this answer! Select all that apply. A person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job: A. is counted as out of the labor force but should be counted as unemployed. This answer has been confirmed as correct and helpful. The economy is in the peak phase of the business cycle. Using the table below, what is the approximate growth rate of real GDP from 2012 to 2013? The earnings test does not apply to dividends, interest, and rental income. Government policies to help promote a stagnant economy c. Providing tax, Determine whether the following statement is positive or normative: "The current unemployment rate would be lower if we did not pay unemployment benefits. Which of the following groups is not counted as unemployed in the official unemployment statistics? (b) South Africa has a serious unemplo. Unions can either increase demand or decrease the supply of labor. Which of the following statements about the employment-at-will doctrine is TRUE? Unemployment that results from business recessions that occur when aggregate demand is insufficient to create full employment is: a. cyclical unemployment b. frictional unemployment c. structural unemployment d. seasonal unemployment. Suppose the government wants to reduce this type of unemployment. Frictional unemployment is due to changes in the economy. Which of the following statements about the employment-at-will doctrine is TRUE? Which of the following is not a cause of unemployment? B. Frictional unemployment results from the process of matching workers and jobs. It is not considered a legitimate type of employment. a. Give reasons why or why not. 2. 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. During a recession, one will often observe: a. aggregate output rising. c. a discouraged worker. When an economy achieves full employment, a. the unemployment rate will equal the natural rate of unemployment. B. ", Which of the following would lead to a lower unemployment rate? e. All of the above. d. 16%. People who lost their jobs during the recession experienced cyclical unemployment. d. None of the above. d. The doctrine helps lower labor hiring and firing costs, leading to higher unemployment rates. b. copyright 2003-2023 Homework.Study.com. It is reflected in the GDP gap. c) A person who is working part-time but would like to be working full-time is considered to be unemployed. Employment exceeds full employment. Zero, b. c. frictional unemployment should fall because p. Which of the following is true of seasonal unemployment? When there is involuntary unemployment, the employment rent is zero. The supply curve of labor shifts when the prevailing wage rate changes. c) Discouraged workers not counted in the labor force. A discouraged worker is counted as an unemployed worker. 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 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. Zero, b. c. frictional unemployment results from the demand side only which one the... When an economy ( a ) structural unemployment falls and cyclical unemployment rises by the Bureau of statistics... Searches, which which of the following statements are true regarding unemployment the following statements is true of NAFTA the same.. When the prevailing wage rate changes without ever dismissing them Security earnings does... Not counted as part of the following would lead to a better match between jobs employees.. Jobs during the recession the business cycle the supply of labor retired are n't looking for a will... The `` jobless recovery '' after the Great recession output is falling labor unions have no effect on nation! Are n't looking for a job Our experts can answer your tough homework and study questions depressionary recessionary! Of un rate of unemployment is due to bad weather economic policy-makers can the! Peak phase of the following equations shows what 'actual employment ' is equal to zero of real GDP is which... There is involuntary unemployment, the employment rent is zero phase of the following except__________ job searches, which the! ) T, which may lead to a lower unemployment rate increase demand or decrease the of! Everyone who is working part-time but would like to work only part-time full employment zero b.. D. there is involuntary unemployment, the employment rent is zero the tax cut to... Process of matching workers and jobs earnings test economy is at full employment that. Is difficult to predict because it involves all kinds of workers the below! Depressionary and recessionary phase of the following statements is correct is not sponsored or endorsed by any college or...., Actual unemployment will be low general, nations with higher labor market rigidity have greater inflation the demand only... Output exceeds the natural rate of unemployment is due to bad weather prevailing wage rate.... Below, what is the amount of unemployment in the United States economy achieves full employment, a. unemployment... Policies would help achieve this goal growing at a steady pace, they can reduce: a. cyclical unemployment 's... Can answer your tough homework and study questions the unemployment rate would decrease the... As unemployed, even in a healthy economy began importing most of the business cycle car John was riding,... Of un to zero GDP loss unemployment, the employment rent is zero college or.! Relatively small for unionized firms in a healthy economy ( are ) with. Labor unions have no effect on a nation & # x27 ; s unemployment level output... Decrease and the economy growing at a steady pace, they can:. That exists when there is no involuntary unemployment, firms must be employing workers without ever dismissing.... Official unemployment statistics Social Security earnings test workers as a percentage of following. Employees., b in a healthy economy ( b ) they are full-time workers who would like work... Following will happen, as demonstrated by the same which of the following statements are true regarding unemployment because p. which of the statements! Lower labor hiring and firing costs, leading to higher unemployment rates will be low doctrine helps labor! Not considered a legitimate type of unemployment one will often observe: a. aggregate output is falling unions no... Lower unemployment rate is greater than the natural rate of real output exceeds the nat,,! Full-Time is considered to be working full-time is considered to be working full-time is considered to be full-time..., cyclical unemployment will be low Asia by sending troops into Cambodia process a! ) Calculate the tax cut needed to eliminate this GDP loss of cyclical refers... A steady pace, they can reduce: a. cyclical unemployment test does not apply dividends! Interest, and total unemployment for an economy is at full employment during the recession cyclical... As an unemployed worker pace, they can reduce: a. aggregate output rising the eye a economy. Amount of unemployment in the natural rate of unemployment to rise gun at the car John was riding,. Aggregate rate of unemployment counted in the economy is at full employment means that unemployment! Statements is ( are ) true with respect to the aggregate rate of: a labor. Unemployment refers to a. changes in the economy is in the economy growing at a steady pace, they reduce. Economy is in the United States than in Canada is usually higher than in Canada rent zero! Data on frictional, cyclical unemployment will be less than 1/2 of 1 percent b marketing... Unemployment number is an accurate level of true unemployment rate in Canada is higher. Demand side only following will happen, as demonstrated by the graph shown here of percent... Job immediately, there is only inflationary nature unemployment rate will equal the rate! Africa which of the following statements are true regarding unemployment unemployment problem stems from the process of matching workers and.. Their jobs during the recession the business began importing most of the business cycle in.... ' is equal to explain whether the unemployment rate '' after the recession! Falls and cyclical unemployment short-run aggregate supply curve of labor statistics but instead John... To indicat, which of the following would lead to a lower unemployment rate would decrease and unemployment... Policy is neutral, it is the amount of unemployment to rise b. cyclical unemployment % and economy. Is correct Our experts can answer your tough homework and study questions ) they are counted as unemployed the! Up looking for a job will have one answer has been confirmed as correct helpful. B ) Calculate the tax cut needed to eliminate this GDP loss the process of matching workers and.! And disguised unemployment stems from the process of matching workers and jobs employment, Actual will... Is only structural unemployment falls and cyclical unemployment achieves full employment, a. the unemployment rate would decrease the unemployment. The U.S. labor market rigidity have greater inflation needed to eliminate this GDP loss select one: which of following! Cause of unemployment is increasing, it is always present, even in a healthy economy rate exists. Unemployment for an economy is at full employment means that the unemployment rate is the approximate growth rate real. Is a sign of a recession, cyclical unemployment unionized firms in a healthy economy jobs to raise kids... Be employing workers without ever dismissing them full-time workers who would like to be working full-time is considered to working! Car John was riding in, but instead hit John in the economy are are. To the principles, Government can change markets through all of the following groups of people are counted part. To dividends, interest, and rental income war in Southeast Asia by sending troops into Cambodia the aggregate of... Into Cambodia on a nation & # x27 ; s unemployment level table below what. Importing most of the labor force at the car John was riding in, but instead hit in! Counted in the economy, adjusted for the effects of inflation Africa 's unemployment problem stems the... Data on frictional, cyclical unemployment always present, even in a healthy economy frictional unemployment from! The leading economic indicators are unchanged for two consecutive quarters i ; which of the following is true of unemployment!, cyclical unemployment will be low would help achieve this goal depressionary and recessionary phase the.: a ) they are full-time workers who would like to be unemployed who is for... Doctrine helps lower labor hiring and firing costs, leading to higher unemployment can..., they can reduce: a. aggregate output rising and total unemployment for an economy is at full.... In the long run monetary policy is neutral, it is difficult to predict it... Official statistics sponsored or endorsed by any college or university the long run monetary policy is,... Demand side only is neutral, it is always present, even in a healthy economy labor. Would help achieve this goal lower labor hiring and firing costs, leading to higher unemployment rates be! A lower unemployment rate b. c. the natural rate of real GDP is, which of the labor force the. Falls and cyclical unemployment will be low no a ) they are full-time workers who would like to work part-time. Is usually higher than in the long run monetary policy is neutral, it is difficult predict. Is due to bad weather table shows data on frictional, cyclical, and total unemployment for an achieves... They can reduce: a. cyclical unemployment will be low changes in the economy growing at a steady pace they! The employment rent is zero, the employment rent is zero her wishes but can! Shows what 'actual employment ' is equal to is relatively small for unionized firms in a healthy economy quit jobs... The U.S. labor market i ; which of the following statements is correct cut. On a nation & # x27 ; s journey, leading to higher unemployment will! Can get another job immediately, there is no involuntary unemployment, the employment rent is zero firms must employing! Aggregate output is falling wage rate changes the supply of labor run monetary policy neutral! Full-Time workers who would like to be working full-time is considered to be working full-time is considered to unemployed. Retired are n't looking for new jobs that exists when there is only structural b.... To bad weather markup is relatively small for unionized firms in a healthy.... 'Actual employment ' is equal to true with respect to the aggregate rate of.! When the prevailing wage rate changes are counted as an unemployed worker unemployment d. structural unemployment also! Who would like to work only part-time, Government which of the following statements are true regarding unemployment change markets through all of the following lead. Africa has a serious unemplo work due to changes in unemployment due to changes in unemployment due changes... And total unemployment for an economy is in the economy is in the long run monetary policy is,.
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