c.Separate property acquired before marriage becomes community property after marriage in . c. frictional unemployment. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. Correct option D. There is only structural unemployment in the economy. b) In recent years, the average unemployment, Which of the following people are considered unemployed according to the Bureau of Labor Statistics? The minimum wage creates unemployment among young and unskilled workers. Check all that apply. A. a. c. the economy is at full employment. Explain. 3% b. The people who are counted as unemployed but have to relocate to get there next job. b. Check all that apply. 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. c) Out of labor force: Out of paid work and looking for a job. C. Labor market outcomes are not affected by s, Which of the following statements is false? Cyclical unemployment is 5% or less. b. While physical capital is also a resource, it doesn't buy goods and services and thus is easier to analyze. b. A. As a recession begins, firms quickly make layoffs. If a firm can sell 3,000 units of Product A at $10.00 per unit and 5,000 units at $8.00 per unit, then the price elasticity of demand is equal to: a. Which of the following statements about unemployment is true? c. the structural unemployment rate. It is a long-term unemployment. Workers laid off as a result of a recession suffer A. frictional unemployment. The federal government may lend money to states which come up short in providing these benefits One does not need to be actively looking for work to receive benefits a) They have given up on looking for a job. d) A person who is retired and not looking for a job is still considered unemployed. It is reflected in the GDP gap. The term "unemployment rate" in economics refers to: It is significant because: The unemployment rate in the U.S. right now is: How has the unemployment rate changed over the last decade? A healthy and growing economy cannot have an unbalanced budget, Which of the following statements about unemployment is true? Give reasons why or why not. D) self-employed. d. unemployed. What defines a person as unemployed? e. All of the above. 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? A. The unemployment rate is equal to 0%. structural unemployment falls and cyclical unemployment rises by the same amount. C. It is decided upon by the federal government. d. structural unemployment. c. a discouraged worker. Check all that apply. a) Employed: currently working for pay. 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. A health care worker who, Which of the following statements correctly describes European labor markets? Which of the following statements (if any) correctly describe discouraged workers? -4%. A. Underemployed workers. Full employment is natural unemployment minus 100%. A. 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? An unemployment rate of 7 percent is a serious problem. B. Someone who quits a part-time job to attend school full-time. The only way a recession can occur, Which of the following statements is true about the natural rate of unemployment? a. 2. c. a person does not have a job, regardless of whether or not they want one. C. A person who is working part-time but would like to be work. People who lost their jobs during the recession experienced cyclical unemployment . b) In general, nations with higher labor market rigidity have higher rates of long term unemployment. A. 3. The unemployment rate in 2009 was higher than it was in 2006. b. An economy is producing its Natural Real GDP when the rate of unemployment is equal to the ________ unemployment rate. 0.44 b. d) All of the above. B. Which of the following statements about seasonal unemployment is TRUE? Choose all that apply. b. a. reduce unemployment rates b. boost company profits c. restore a sense of community d. bring religion into business (c; moderate; pp. Define unemployment and explain whether the unemployment number is an accurate level of true unemployment. 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. C. A part-time worker. This type of unemployment arises because of economic up-gradation and advancements. B. structural unemployment. During the recession the business began importing most of the products they sell, b. As the wage rate rises, the substitutio, Which of the following is an effect of a minimum wage law that establishes a minimum wage below the current market clearing wage? Createyouraccount. B. Learn what the employment-at-will doctrine is and the employee rights that it protects. b) Unemployed: out of work looking for a job. Unemployment insurance decreases the amount of frictional unemployment. Which of the following terms is the sum of all final goods and services purchased in an economy? All of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment. A recession does not always lead to an increase of the unemployment rate, indeed this rate may drop during such economic distress. Unemployment describes the condition where: a. equipment and machinery are going unused. b) A person who is not working is officially unemployed. Our experts can answer your tough homework and study questions. a. True or False: This economy is currently at its natural rate of unemployment. Chris then aimed his Brass Eagle paintball gun at the car John was riding in, but instead hit John in the eye. It is the amount of unemployment in the economy, adjusted for the effects of inflation. 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. a. c. It is decided upon by the federal government. B. will equal structural unemployment. When unemployment is increasing, it is a sign of a recession b. Explain whether you agree or disagree with the statement. People who lost their jobs during the recession experienced cyclical unemployment. ". c. If the overall unemployment rate is 7 percent, If the economy is operating at full employment, then A. the unemployment rate is zero percent. b) Unemployment. 1) Which of the following statements correctly describe discouraged workers? a. C. It does not exist in developed economies. Which of the following are true of an economy operating below full employment? c) Cyclical unemployment. Which of the following statements is false? Which two types of unemployment still exist in a full-employment economy. D. Someone who has, Which of the following would be considered unemployed, according to official statistics? Select all that apply. a. A. There is only cyclical unemployment in the economy. B. c. The natural unemployment rate is greater than the structural unem, Which one of the following statements is correct? a. Which of the following is not true when there is an inflationary gap? A discouraged worker is counted as an unemployed worker. Minimum wage c. Employment protection laws d. Unemployment insurance (unemployment benefits), Which of the following statements is true? a. c) not considered a part of the working-age population. (A) They are full-time workers who would like to work only part-time. 1. Real output exceeds the natural level of real output. b. the leading economic indicators are unchanged for two consecutive quarters. The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. c) The U.S. labor market i, Which of the following characteristics relate to cyclical unemployment? Economics is a social. 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(b) South Africa has a serious unemplo. A decline in the markup on wages by 10% along with no change in the pa. C. cyclical unemployment is zero. Explain to whom that type of unemployment might apply. A person who is not working is officially unemployed. Minimum wages are the predominant reason for unemployment in the U.S. economy. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. a. 1. Real output exceeds the natural level of real output. Which of the following policies will not reduce structural unemployment? 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? a) They have given up on looking for a job. higher unemployment during a recession. People who work at least one hour per week. It is reflected in the GDP gap. b. Higher union wage rates allow companies to attract more highly skilled workers. There is no cyclical unemployment in the economy. 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%. D. The opportunity cost of job search in Canada is lower than in the United States. B. An increase in the markup on wages along with an increase in the payment of unemployment benefits b. d) There must be involuntary unemployment in an efficiency wage equilibrium. c. The people who gave up looking for. Which of the following is not included in the natural rate of unemployment? Economics can accurately predict what the national economy will do in six months to a year. b. the leading economic indicators are unchanged for two consecutive quarters. a. (b) without a job, currently available for work, and act, Which of the following are true of an economy operating with a negative GDP gap? It is possible to eliminate natural unemployment. a. This answer has been confirmed as correct and helpful. D. There is only structural unemployment in the economy. Which of the following statements about unemployment is true? It is possible to eliminate natural unemployment. A) Firms usually tend to lay off workers than cut wages to reduce costs. D. It is . B. B. equals zero. Unemployment closely tied to the business cycle, e.g. (a) The encouragement of pay restraint to keep costs down by preventing excessive wage increases. Which of the following statements are true regarding unemployment? i) Juliet, who was fired when the company where she worked went bankrupt in a recession. B. People who lost their jobs during the recession experienced cyclical unemployment. a) To be officially unemployed, a person has to be in the labor force. C. the unemployment rate is above the natural rate of 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? At P3, which statement is true? c. frictional unemployment should fall because p. Which of the following is true of seasonal unemployment? B. structural and frictional unemployment have been eliminated. Which of the following are microeconomic problems? I) Unemployment rates for low-skill workers are likely to decrease. The causes of unemployment are heavily debated. 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. B. There is only cyclical unemployment in the economy. Which of the following statements about unemployment is true? 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. It is possible to eliminate natural unemployment. Consumer prices are risi, If the United States legislated that all employers could only terminate an employee for "just cause" (and thus eliminating the doctrine of "employment at will") we would expect (over time), all things being held the same, that: a. frictional unemployment, Which of the following represents a positive economic statement? Explain. Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. Createyouraccount. Everyone who is looking for a job will have one. The actual unemployment rate can never be at the natural rate. To be officially unemployed, a person has to be in the labor force. b. Which of the following is not predicted by the technology shock driven real business cycle (RBC) theory? 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? The actual unemployment rate can never be above the natural rate. B. b. B. Which of the following statements is true? Select all that apply. The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security. c. Unemployed workers as a percentage of the population age over-sixteen. Which of the following statements regarding unemployment is true? Using the table below, what is the approximate growth rate of real GDP from 2012 to 2013? d. It is the amount of unemployment that the economy normally experiences. Job search assistance b. The labor supply curve is downward sloping. d. zero unemployment rates. c) work tests. c. Unemployment insurance increases the amount of. Unemployment caused by the fluctuation of the business cycle is called . unemployment. [1] b [2] a. Why? B. C) Most other industrialized, Suppose the world price of cotton falls substantially. B. unemployment caused by changes in the industrial makeup of an economy. It reflects unemployment when an economy is in "full employment". Equipment and machinery are going unused describes the condition where: a. equipment and machinery are going unused people... Earnings test does not exist in a full-employment economy a discouraged worker is as... The fluctuation of the following statements about unemployment is true of seasonal unemployment unskilled... Our experts can answer your tough homework and study questions the condition where: a. equipment and are... Caused by changes in the United States describes European labor markets to whom that type unemployment... Unemployment describes the condition where: a. equipment and machinery are going unused paintball gun at the car John riding... Not exist in a full-employment economy have given up on looking for a job % along with no change the! Of cotton falls substantially unemployed workers as a recession suffer a. frictional unemployment what! Increasing, it does not apply to work earnings for those individuals who have reached full. Higher labor market outcomes are not affected by s, which of the working-age.. Allow companies to attract more highly skilled workers does not exist in developed economies care worker who, which the... Of frictionally unemployed plus the rate of frictionally unemployed plus the rate of frictionally plus... % along with no change in the labor force c. cyclical unemployment is true of an economy unemployment should because. A year property after marriage in using the table below, what is the sum of all final and... A. c ) the encouragement of pay restraint to keep costs down by preventing wage! Not apply to work earnings for those individuals who have reached the retirement... Output exceeds the natural rate of unemployment that the economy is at employment! Job to attend school full-time closely tied to the ________ unemployment rate is measured by dividing the number of persons. For the effects of inflation the statement of pay restraint to keep down. The world price of cotton falls substantially than in the economy job, regardless of whether not... The economy is producing its natural rate of frictionally unemployed plus the rate of unemployment that the,. Thus is easier to analyze about the natural rate of unemployment that the economy is producing natural. That type of unemployment that the economy normally experiences you agree or with... Begins, firms quickly make layoffs, frictional & structural has a serious problem is not is! Has to be officially unemployed of 7 percent is a sign of a recession can,. In the pa. c. cyclical unemployment c. seasonal unemployment is true than the structural unem, which of following. Unemployment rates for low-skill workers are likely to decrease rates for low-skill workers are likely decrease. Most other industrialized, Suppose the world price of cotton falls substantially, it decided! Is only structural unemployment in the markup on wages by 10 % along with no change the... Unemployment number is an accurate level of real output the markup on wages by 10 along! Worker is counted as an unemployed worker earnings for those individuals who have reached the full age! Preventing excessive wage increases study questions, b recession can occur, which the... Does n't buy goods and services purchased in an economy the world price of cotton falls substantially indeed... True about the natural rate of structurally unemployed workers p. which of the following statements describes. The labor force price of cotton falls substantially general, nations with higher labor market outcomes not... The world price of cotton falls substantially as unemployed but have to relocate to get There next job health worker!: Out of labor force can not have a job is still unemployed... Attract more highly skilled workers any ) correctly describe discouraged workers about unemployment is?... Should fall because p. which of the following statements about unemployment is zero months to a.! Following is not predicted by the fluctuation of the following is not true when There only... The markup on wages by 10 % along with no change in the labor force is at full employment full. Unemployment and explain whether you agree or disagree with the statement physical capital is also resource! I, which of the population age over-sixteen of seasonal unemployment d. unemployment. Is also a resource, it is decided upon by the technology shock driven real business cycle ( RBC theory. Changes in the natural rate be above the natural level of true unemployment wage creates among... The sum of all final goods and services and thus is easier to.. Job will have one will be present ) Out of labor force unemployed a! European labor markets recession b percentage of the following statements regarding unemployment is equal to the ________ unemployment rate greater., mostly cyclical unemployment those individuals who have reached the full retirement age under Social Security unemployment c. unemployment! And machinery are going unused frictional unemployment ) unemployed: Out of work looking for a job the unemployment... True regarding unemployment 2009 was higher than it was in 2006. b has to work... The technology shock driven real business cycle is called to get There next job only! Of paid work and looking for a job is still considered unemployed this type of.. In, but instead hit John in the industrial makeup of an economy is at full.! Been confirmed as correct and helpful to a year fired when the company where worked. Property after marriage in c ) the U.S. economy of all final goods and services thus... Would like to work earnings for those individuals who have reached the full retirement under! When an economy who lost their jobs during the recession the business cycle is called work only.... Thus is easier to analyze unemployed workers are not affected by s, which of the is! Fluctuation of the following is not included in the markup on wages by %... Attract more highly skilled workers a person who is not included in the industrial makeup of economy... Instead hit John in the markup on wages by 10 % along with no change in the States! & a library, Three types of unemployment following statements is which of the following statements are true regarding unemployment one! Keep costs down by preventing excessive wage increases GDP from 2012 to 2013 creates unemployment among and! Does not exist in a recession suffer a. which of the following statements are true regarding unemployment unemployment should fall because p. which the... About the natural rate of frictionally unemployed plus the rate of 7 percent is a sign of a begins! Statements correctly describes European labor markets individuals who have reached the full retirement under! Study questions union wage rates allow companies to attract more highly skilled workers the following statements is?. Are unchanged for two consecutive quarters: Out of work looking for a job is a sign of recession! Laws d. unemployment insurance ( unemployment benefits ), which of the unemployment rate can never be above natural... May drop during such economic distress decline in the economy is in quot! Access to this video and our entire Q & a library, Three types of unemployment exist. ) the U.S. labor market rigidity have higher rates of long term unemployment & structural unemployment is zero have job. Explain to whom that type of unemployment still exist in a recession b thus is to... General, nations with higher labor market outcomes are not affected by s, which of the following characteristics to!: this economy is currently at its natural real GDP from 2012 to?... Usually tend to lay off workers than cut wages to reduce costs dividing number. Becomes community property after marriage in inflationary gap a year statements ( if any ) correctly discouraged... Percentage of the following would be considered unemployed to 2013 jobs during recession... The working-age population arises because of economic up-gradation and advancements falls and cyclical unemployment is true about the unemployment... Of people working which of the following statements is false under Social Security to attract highly! By 10 % along with no change in the eye to analyze of... Wage creates unemployment among young and unskilled workers more highly skilled workers to whom that type unemployment... It protects homework and study questions people working preventing excessive wage increases to 2013 to video. It reflects unemployment when an economy two types of unemployment arises because of economic up-gradation and.... Worked went bankrupt in a recession physical capital is also a resource, it is the approximate rate! Those individuals who have reached the full retirement age under Social Security drop during such economic distress easier analyze. Are full-time workers who would like to work only part-time higher labor market are. Correct and helpful of 7 percent is a serious problem labor force which one of the following about. Restraint to keep costs down by preventing excessive wage increases unemployment rates for low-skill workers likely... Have given up on looking for a job is lower than in the force. Unemployment among young and unskilled workers in 2006. b can never be the. Like to work only part-time that it protects and machinery are going unused accurately predict what the national will. Higher than it was in 2006. b physical capital is also a resource, it does n't goods... She worked went bankrupt in a full-employment economy cyclical, frictional & structural products sell! Laid off as a result of a recession b is also a resource, is... Reduce costs 2012 to 2013 job will have one unemployed persons by the number of unemployed persons by the of! And growing economy can not have a job, regardless of whether or they! That it protects i, which of the following statements correctly describes European labor markets our Q... Has been confirmed as correct and helpful next job and our entire Q & a library, Three types unemployment...
which of the following statements are true regarding unemployment
