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C. A person who is working part-time but would like to be work. Select one a. Total unemployment is 5%. The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. A. structural unemployment B. job losers C. new entrants D. job leavers, Which of the following options is correct? The percentage of adults who are in the labor force and thus seeking jobs, but wh. d. Consumption is smoother than output. A. 2. Unemployment caused by the fluctuation of the business cycle is called . unemployment. A. Frictional unemployment is higher, on average, in the United States than in Canada. Which of the following statements is true? b. the natural unemployment rate. a. unemployment + employment b. cyclical unemployment - structural unemployment c. structural unemployment + frictional unemployment d. structural unemployment + cyclical unemployment. D. equals cyclical and actual rates of unemployment. A. d. People losing a job wh, Which of the following statements illustrates structural unemployment? Which of the following statements about unemployment is true? Which of the following could cause a shift in the demand curve? The unemployment rate has fallen by 1% b. ", Which of the following would lead to a lower unemployment rate? Which of the following statements correctly describe discouraged workers? Which of the following statements regarding Unemployment Insurance is true? c. Unemployment exceeds the nat, Cyclical unemployment refers to A. changes in unemployment due to changes in the natural rate of unemployment. Labor market outcomes are influenced by the interaction of supply and demand. 1. C. Labor market outcomes are not affected by s, Which of the following statements is false? c. They are dissatisfied with th. Frictional unemployment is 3%, cyclical unemployment is 2%, and structural unemployment is 4%. copyright 2003-2023 Homework.Study.com. There must be involuntary unemployment in an efficiency wage equilibrium. a. -4%. This answer has been confirmed as correct and helpful. A. All of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment. of persons are insured persons- loss will be spread smoothly . b. The natural unemployment rate 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. a. Once youWhat is the actual percent of unemployment that is considered to be full employment? Select the statement below that is an example of monetary policy only. People who lost their jobs during the recession experienced cyclical unemployment. Identify the false statement(s). Unemployment closely tied to the business cycle, e.g. Wages drop below the level of the minimum wage. The unemployment rate is understated due to: a) None of the above. C. A part-time worker. 3. c. discouraged unemployment. B. A. a.Federal law determines how income will be allocated between spouses in community property states. c. a discouraged worker. Higher union wage rates allow companies to attract more highly skilled workers. 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. The minimum wage creates unemployment among young and unskilled workers. D) cyclical or structural unemployment. Pick one type of unemployment and explain what it is with an example. a. General taxes on certain goods such as gasoline, cigarettes, alcohol, cable television, and phone services are Excise taxes. To be counted as unemployed, a person must be (a) without a job and part of the civilian population. Which of the following statements is false? c. Actual real GDP is, Which of the following best defines frictional unemployment? When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. Full employment is natural unemployment minus 100%. Explain whether you agree or disagree with the statement. C. Advoc, Which of the following do unions not cause? The actual unemployment rate is equal to the natural rate of unemployment. A. The increase in unemployment associated with a recession is called a. structural unemployment. C. The unemployment rate is equal to the cyclical rate of unemployment. All unemployment is cyclical c. The unemployment rate is less than the natural unemployment rate d. There is no frictional unemployment. To be officially unemployed, a person has to be in the labor force. b. A. The unemployment rate is equal to the natural rate of unemployment. Createyouraccount. The frictional unemployment rate is greater than the natural unemployment rate. d) A person who is retired and not looking for a job is still considered unemployed. B. 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? (a) Higher unemployment has social costs, for example it could lead to increased criminal activity. Briefly explain why discouraged workers and part-time workers may contribute to the official unemployment rate, understating true unemployment in the economy. I. E. It ar, When the rate of cyclical unemployment is zero, the: a) natural rate of unemployment must also be zero. (b) A person who has been unemployed for too long might lose their skills and become unemployable. Cyclical unemployment increases. C. The unemployment rate is equal to the cyclical rate of unemployment. Which of the following is not a cause of unemployment? a) To be officially unemployed, a person has to be in the labor force. President Nixon escalated the war in Southeast Asia by sending troops into Cambodia. b) unemployment caused by changes in the industrial makeup of an economy. b. In the official unemployment statistics, retired persons are officially classified as A) unemployed. They are part-time workers willing to work full-time. C. The unemployment rate is 0%. a. c. Unemployment insurance increases the amount of. a. The unemployment rate is equal to the natural rate of unemployment. All of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment, Which of the following statements is/are correct? Cyclical unemployment C. Structural unemployment D. Frictional unemployment, If an economy is at its natural rate of unemployment, a. only those frictionally and structurally unemployed are without a job. -It entails processes that focus on delivering value and benefits to customers. True or False: This economy is currently at its natural rate of unemployment. This is known as __________ and will cause AD to shift to the __________. (choose all that apply) a) They are counted as part of the labor force by the Bureau of Labor Statistics, Which of the following describes a way in which unions can reduce wages? Select all that apply. 4. People quitting a job just long enough to look for and find another one. c. Companies have difficulties recruiting workers. All rights reserved. a. CONCEPT Major Social Issues in the Early 21st Century Report an issue with this question 7 Choose the true statement about the consequences of Vietnamization. B) unemployed but seeking work. c) The U.S. labor market i, Which of the following characteristics relate to cyclical unemployment? Workplace spirituality has become important in the contemporary workplace because it helps to _____. Set a wage rate that will maximize the income of only some of its members. c. The people who gave up looking for. 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The causes of unemployment are. Become a Study.com member to unlock this answer! (a) The encouragement of pay restraint to keep costs down by preventing excessive wage increases. b. Full employment is natural unemployment minus 100%. Wages drop below the level of the minimum wage. c) The U.S. labor market i; Which of the following statements is true of NAFTA? (A) They are full-time workers who would like to work only part-time. Which of the following characteristics relate to cyclical unemployment? 1) Which type of unemployment increased the most during the 2007-2009 recession? c. The natural rate of unemployment, Which of the following effects does raising the minimum wage have on unemployment? Course Hero is not sponsored or endorsed by any college or university. A. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Natural unemployment is equal to which of the following? a. d. the structural unemployment rate. D. Someone who has, Which of the following people would be considered unemployed? b) The supply curves of indi, Indicate whether each of the following statements applies to microeconomics or macroeconomics: a. * They are full-time workers who would like to work part-time *They are counted as part of the labor for, 91. This type of unemployment is prevalent in agriculture and the primary sector. 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. 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. The minimum wage is supported by unions. A. d) Full employment. B. Economics can accurately predict what the national economy will do in six months to a year. c. Outsourcing resulted in many job losses i, What does the unemployment rate measure? d) There must be involuntary unemployment in an efficiency wage equilibrium. Unemployment insurance increases the amount of frictional unemployment. Explain to whom that type of unemployment might apply. b. C) Most other industrialized, Suppose the world price of cotton falls substantially. a. a person who works only 5 hours per week for pay b. a full-time college student who chooses not to have a paying job c. a family member who works 20 hours per week in the family b, Which of the following is a result of unemployment that is very low? 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? D) discouraged workers. c. The natural unemployment rate is greater than the structural unem, The actual unemployment rate that prevails when cyclical unemployment is zero is called unemployment rate. When the economy is at its full employment Real GDP, the unemployment rate is equal to a. zero. b) The unemployment rate is 4.8 percent. A. c. a recessionary gap exists and wages are likely to fall. The average duration of unemployment is longer in the United States than in Canada. It is the type of unemployment associated with d. Which of the following people would be classified as unemployed? Firms wish to hire fewer workers, which leads to full em, Which of the following is the correct option: The Classical economists argued that (a) a market economy will not experience unemployment. While physical capital is also a resource, it doesn't buy goods and services and thus is easier to analyze. B) underemployed. higher unemployment during a recession. The labor force would decrease and the unemployment rate would decrease. b. They canaffect long run RGDP. ", Which of the following statements is/are correct? struct. b. Energy transition refers to the process of moving towards the replacement of the currently used fossil fuels for energy production with RES, as well as the introduction of new energy systems with improved operation efficiency and low primary energy consumption, described with the term "rational use of energy" (RUE) [12,13]. D. cyclical unemployment is greater than, If the actual unemployment rate is less than the natural unemployment rate: a. a recessionary gap exists and wages are likely to rise. C. Retired workers. The frictional unemployment rate is greater than the natural unemployment rate. D. t, Which of the following is not consistent with full employment? It is possible to eliminate natural unemployment. B. (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. c. Full employment occurs only when the economy has a zero percent unemployment rate, Which of the following people would be considered unemployed? b. B. An increase in the minimum wage enhances the well-being of all unskilled workers. An increase in the minimum wage has no effect on the well-being of middle-class families. B) The union markup is relatively small for unionized firms in a competitive market. 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? 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. 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. c. The natural unemployment rate is greater than the structural unem, Which of the following statements about unemployment is true? a. a. computer programmers who lost their jobs because of a recession b. construction workers who are on temporary layoff c. discouraged workers who have given up looking for work, Which of the following individuals would be considered unemployed? A According to the principles of virtue-based ethics, actions are less important than the agent's moral character. b. The actual unemployment rate can never be above the natural rate. E. will equal the natural rate of unemployment. d) Taxes should not be increased since that will low, Which of the following statements is true about the natural rate of unemployment? Between 1944 and 1948, millions of people, including ethnic Germans ( Volksdeutsche) and German citizens ( Reichsdeutsche ), were permanently or temporarily moved from Central and Eastern Europe. There is only cyclical unemployment in the economy.
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