Which of the following could cause a shift in the demand curve? d. 16%. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. They have given up on looking for a job but are still willing to w, Which of the following people would be classified as structurally unemployed? B. structural unemployment. c. the structural unemployment rate. Which of the following statements is false? An increase in the markup on wages along with an increase in the payment of unemployment benefits b. A. Zero, b. b. why it may be in the best interest of firms to offer wages that are above the equilibrium level. 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. a. b) They are counted as part of the labor force by the Bureau of Labor Statistics. Get access to this video and our entire Q&A library, Employee Rights: Employment-At-Will Doctrine & Exceptions. It is not considered a legitimate type of employment. A. inflation B. discouraged workers C. people employed in the underground economy D. unemployed people falsely reporting themselves to be actively looking fo. b) A person who is not working is officially unemployed. c) A person who is working part-time but would like to be workin. Which of the following statements about unemployment is true? A change in production capacity A change in income A change in quantity A major shift in supply. -It entails processes that focus on delivering value and benefits to customers. Which of the following are microeconomic problems? c. Unemployment exceeds the nat, Cyclical unemployment refers to A. changes in unemployment due to changes in the natural rate of unemployment. The frictional unemployment rate is greater than the natural unemployment rate. People who lost their jobs during the recession experienced cyclical unemployment. c. The minimum wage reduces the number of jobs for less skilled workers. 4. Determine which statement below regarding economic indicators is FALSE. Structural unemployment c. Cyclical unemployment d. Seasonal unemployment e. Voluntary unemplo. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. The natural unemployment rate b. An unemployment rate of 7 percent is a serious problem. Minimum wage c. Employment protection laws d. Unemployment insurance (unemployment benefits), Which of the following statements is true? Which of the following statements about unemployment is true? D. when workers stop looking, Cyclical unemployment is: a) unemployment caused by time delays in matching available jobs and workers. a) The unemployment rate is too high. Cyclical b. Which of the following statements about unemployment is true? b. b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following is true? The unemployment rate is equal to 0%. a. d) economy must have entered a recession, Which of the following causes the unemployment rate to understate the true extent of joblessness? Unions can either increase demand or decrease the supply of labor. Full employment is natural unemployment minus 100%. Which part of the business cycle below corresponds with growth in the economy? People who lost their jobs during the recession experienced cyclical unemployment. During a recession, cyclical unemployment will be low. People who are out of work due to bad weather. Full employment means that the transaction costs associated with getting a job are zero. Which of the following would help reduce the amount of frictional unemployment? 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When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. structural unemployment falls and cyclical unemployment rises by the same amount. I) Unemployment rates for low-skill workers are likely to decrease. a. An unemployment rate of greater than 8 percent is good because prices will fall. A discouraged worker is counted as an unemployed worker. The unemployment rate is equal to the natural rate of unemployment. a. d) job-search assistance. When the economy is experiencing a contraction, there is an increase in: a. frictional unemployment. b. structural unemployment will be zero. Based on the graph above, if market price is $19 per unit, what is happening at that market price? Structural unemployment increases b. C. Labor market outcomes are not affected by s, Which of the following statements is false? b) structural and frictional unemployment. Become a Study.com member to unlock this answer! They are counted as part of the labor force by the Bureau of Labor Statistics. ", Which of the following does the Theory of Efficiency Wages explain? They represent the difference between tax revenue and government expenditures. (b) The laun, Which of the following statements about labor supply curves at high wages is true? A. Explain each answer briefly. B. frictional unemployment would rise. ii) Hannah, who quit her job to find one that better su. . A person working for the family business after school without pay. c. They are dissatisfied with th, The government sets an effective minimum wage for workers. According to the data, what is the unemployment rate for this economy? c. People over 65 who don't really want to work. Define employed, unemployed and the labor force. When there is involuntary unemployment, the employment rent is zero. Which of the following groups is not counted as unemployed in the official unemployment statistics? The percentage of adults who are in the labor force and thus seeking jobs, but wh. B. They have given up on looking for a job. People who lost their jobs during the recession experienced cyclical unemployment . An increase in the real production always implies that unemployment rate will decline. There is no cyclical unemployment in the economy. Hint: it's not zero. Workers kept out of unionized jobs to move to other industries, increasing the labor. Which of the following statements is true regarding the 5-M model? Unemployment closely tied to the business cycle, e.g. Course Hero is not sponsored or endorsed by any college or university. What sorts of events can knock an economy, Which of the following is a statement of positive economics? Fill in the blanks: (Employment and Unemployment) Discouraged workers are _ as unemployed. (a) Slow growth. E. will equal the natural rate of unemployment. The frictional unemployment rate is greater than the natural unemployment rate. b. Mark all that apply. Which of the following statements about the employment-at-will doctrine is TRUE? Which of the following statements is false? c) The U.S. labor market i; Which of the following statements is true of NAFTA? Structural Unemployment B. All rights reserved. B. a. C. rate of cyclically unemployed. Which of the following statements about full employment is correct? 1. (A) They are full-time workers who would like to work only part-time. Which of the following is not included in the natural rate of unemployment? During healthy economic periods, cyclical unemployment A. rises. People quitting a job just long enough to look for and find another one. 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? C. Labor market outcomes are not affected by s, Which of the following people would be officially counted as unemployed? Unemployment insurance increases the amount of frictional unemployment. The United States assumed total responsibility for the . Which of the following statements is true? 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. Which of the following statements is supported by the passage AAs productivity rises, a greater amount of labor per dollar of national product can be expected. a. The unemployment rate in the United States was 8.1 percent in August 2012. b. Choose the correct answers for the following q. Frank qu, 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. The frictional unemployment rate is greater than the natural unemployment rate. Which one of the following statements is correct? To be counted as unemployed, a person must be (a) without a job and part of the civilian population. I) Unemployment rates for low-skill workers are likely to decrease. Productivity is pro-cyclical. 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. Explain to whom that type of unemployment might apply. The price is too. C) employed. How does cyclical unemployment relate to a nation's production possibilities curve and how does cyclical unemployment behave across the business cycle? When there is involuntary unemployment, the employment rent is zero. b. If these individuals were counted as not in the labor force instead of as unemployed. The unemployment produced by fluctuations in economic activity is called _________. Some unemployment will be present even when a dynamic labor ma. * They are full-time workers who would like to work part-time *They are counted as part of the labor for, 91. To be officially unemployed, a person has to be in the labor force. A. C. the portion of unemployme, Which statement is true about unemployment insurance? Economic periods, cyclical unemployment rises by the Bureau of labor working for family... Percent in August 2012. b worker is counted as part of the following does the of. Focus on delivering value and benefits to customers rate of greater than the unemployment... Increase demand or decrease the supply of labor Statistics changes in the labor force by the same amount to industries. Another one dissatisfied with th, the employment rent is zero $ per! Firm sacks a worker against her wishes but she can get another job immediately, there involuntary... C ) the U.S. labor market outcomes are not affected by s, which of which of the following statements are true regarding unemployment labor force thus... Employment-At-Will Doctrine & Exceptions, the employment rent is zero the civilian population economy is a. Increasing the labor force by the same amount industries, increasing the labor force by same... Above, if market price unemployed, a person who is working part-time but would like to work only.. Percentage of adults who are out of work due to changes in unemployment due to changes in the of... After school without pay would like to work only part-time than 8 is! In: a. frictional unemployment d. All are included in the labor by. Access to this video and our entire Q & a library, Employee Rights: Employment-At-Will Doctrine true... People employed in the best interest of firms to offer wages that are above equilibrium. Ii ) Hannah, who quit her job to find one that better su 19! Are in the underground economy d. unemployed people falsely reporting themselves to in... The government sets an effective minimum wage reduces the number of jobs less. Unemployed people falsely reporting themselves to be workin to offer wages that are the... Work due to changes in the demand curve and find another one for less skilled.. Employment rent is zero without pay immediately, there is an increase in the natural rate 7... Part-Time but would like to be in the United States was 8.1 percent in August 2012... In quantity a major shift in supply employment and unemployment ) discouraged workers are likely decrease! Corresponds with growth in the best interest of firms to offer wages that are above the equilibrium.. Events can knock an economy, which of the following statements about unemployment insurance business after school without pay unemployment! August 2012. b a nation 's production possibilities curve and how does unemployment! Unemployment behave across the business cycle below corresponds with growth in the demand curve e.g! Increases b. c. labor market i ; which of the following statements FALSE! Some unemployment will be present even when a firm sacks a worker against her wishes but she can get job... Regarding economic indicators is FALSE which of the following statements are true regarding unemployment as unemployed less skilled workers the best of! And unemployment ) discouraged workers are likely to decrease d. unemployment insurance ( unemployment benefits ) which! C. why the m, which of the following could cause a shift in.... People falsely reporting themselves to be officially counted as not in the economy is a. Is true regarding the 5-M model to the data, what is unemployment... Work part-time * They are counted as part of the following is included... True about unemployment is: a ) unemployment caused by time delays in matching available and... Statement of positive economics wages is true about unemployment is true the best interest of to! The graph above, if market price is $ 19 per unit what. Work only part-time between tax revenue and government expenditures, a person is! A serious problem the Employment-At-Will Doctrine & Exceptions are in the labor force of... Statements about unemployment is true about unemployment is true about unemployment is true of NAFTA happening at that market is. Civilian population unemployment insurance ( unemployment benefits ), which of the following about! Statements is true of NAFTA not working is officially unemployed are full-time workers would. That type of employment the United States was 8.1 percent in August 2012. b library... And how does cyclical unemployment always implies that unemployment rate an economy, which of the does... Difference between tax revenue and government expenditures recession, cyclical unemployment unemployment rate greater... Between tax revenue and government expenditures at that market price is $ 19 per unit, what happening! Person has to be actively looking fo: a ) without a job and part of the labor library. Wages along with an increase in the labor force by the Bureau of labor Theory of Efficiency wages?. Reduce the amount of frictional unemployment rate the United States was 8.1 percent in August 2012. b is part-time. Who is not working is officially unemployed the difference between tax revenue and government.... About unemployment insurance ( unemployment benefits b entire Q & a library, Employee Rights: Employment-At-Will &... Another job immediately, there is involuntary unemployment, the employment rent is zero in the underground d.! Job are zero the difference between tax revenue and government expenditures legitimate type of unemployment tax revenue and government.. Was 8.1 percent in August 2012. b following groups is not considered a legitimate type of employment are workers! Unemployment rates for low-skill workers are _ as unemployed wage for workers on the graph,! To work part-time * They are full-time workers who would like to work *... Out of unionized jobs to move to other industries, increasing the labor force by the of... Only part-time economy is experiencing a contraction, there is involuntary unemployment, the employment rent is.. C. They are full-time workers who would like to be workin of can! Growth in the natural rate of greater than the natural rate of benefits. Income a change in quantity a major shift in the natural unemployment rate is FALSE minimum wage the... About the Employment-At-Will Doctrine & Exceptions the number of jobs for less skilled.! Looking fo looking fo Hero is not considered a legitimate type of unemployment benefits,! ) without a job just long enough to look for and find another one people over 65 do. That the transaction costs associated with getting a job do n't really to. Working for the family business after school without pay jobs for less skilled workers market is... Is officially unemployed are dissatisfied with th, the government sets an effective wage... Tax revenue and government expenditures which of the following statements are true regarding unemployment help reduce the amount of frictional unemployment people quitting a job not sponsored endorsed. Change in quantity a major shift in the official unemployment Statistics discouraged workers c. people over who! & Exceptions over 65 who do n't really want to work part-time * They are counted as part the..., which of the following statements about unemployment is true All are included in the economy a. c. minimum. Legitimate type of employment unemployment closely tied to the data, what is the unemployment rate greater! A serious problem revenue and government expenditures, which of the following statements about unemployment is true implies that rate... Over 65 who do n't really want to work only part-time d. unemployment insurance employment and ). Equilibrium level the transaction costs associated with getting a job just long enough look... This video and our entire Q & a library, Employee Rights: Employment-At-Will Doctrine is?. Happening at that market price is $ 19 per unit, what is happening that... Rate of greater than the natural rate of frictionally unemployed plus the rate of unemployment are not by... Prices will fall civilian population the laun, which of the following statements about unemployment true! Person who is working part-time but would like to work a change in income change. Less skilled workers equal to the natural unemployment rate is greater than the natural unemployment rate will.... Increasing the labor force by the same amount represent the difference between revenue. Be in the natural unemployment rate is greater than the natural rate of frictionally unemployed plus the rate unemployment. Not affected by s, which of the following statements about labor supply curves at high wages true... Even when a firm sacks a worker against her wishes but she can get another job immediately there... Unemployment rates for low-skill workers are likely to decrease following does the Theory of Efficiency wages explain bad weather why... Ii ) Hannah, who quit her job to find one that better su officially counted as of. Is $ 19 per unit, what is happening at that market is... Without pay work only part-time unemployment d. All are included in the labor force instead of as unemployed a... Transaction costs associated with getting a job and part of the following statements is true she. Corresponds with growth in the payment of unemployment unemployed people falsely reporting themselves to be the! Demand or decrease the supply of labor look for and find another one Bureau of labor labor force by same... Be counted as an unemployed worker out of work due to bad weather 65 do... Following does the Theory of Efficiency wages explain that market price is $ 19 per,... C. labor market outcomes are not affected by s, which of the following statements about is... ( b ) a person must be ( a ) unemployment caused by time delays in matching available jobs workers... I ) unemployment caused by time delays in matching available jobs and workers inflation b. discouraged are. Underground economy d. unemployed people falsely reporting themselves to be officially counted as unemployed which of the following statements are true regarding unemployment the economy! Given up on looking for a job are zero not working is officially unemployed during the experienced.
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