Full employment is natural unemployment minus 100%. If the unemployment rate is 10% and 90 million people are working, how many people are unemployed? Learn the various types of unemployment. b. higher unemployment during a recession. Which of the following policies will not reduce structural unemployment? b) In recent years, the average unemployment, Determine whether the following statement relates to microeconomics or macroeconomics: "The unemployment rate has declined to 3.7% in the United States. "The natural rate of unemployment is equal to frictional unemployment plus structural unemployment". C. It is decided upon by the federal government. 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%. There is only cyclical unemployment in the economy. |Official unemployment rate|Total percentage of the labor, Which of the following unemployment rates can be negative? 2. A) For the U.S., union workers earn about 15% more than non-union workers doing the same work. A discouraged worker is counted as an unemployed worker. If economic policy-makers can keep the economy growing at a steady pace, they can reduce: a. cyclical unemployment. The unemployment produced by fluctuations in economic activity is called _________. c. People who are underemployed. b. 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? Which of the following statements is true regarding international unemployment? Createyouraccount. a. Someone who quits a part-time job to attend school full-time. a. Minimum wages are the predominant reason for unemployment in the U.S. economy. Select all that apply. e) A person who is a full-time student and not seeking employment is still considered unemployed. a. Which of the following statements is incorrect? True or False: This economy is currently at its natural rate of unemployment. This figure includes people who are no longer actively looking for work. c. Outsourcing resulted in many job losses i, What does the unemployment rate measure? How many mo, 1) Which type of unemployment increased the most during the 2007-2009 recession? Workers laid off as a result of a recession suffer A. frictional unemployment. A. b. 1) Which of the following statements correctly describe discouraged workers? 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. structural unemployment falls and cyclical unemployment rises by the same amount. 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. A. b. unemployment rates will be increasing while aggregate output is falling. The natural rate of unemployment is the unemployment rate that would exist in the absence of: a. cyclical unemployment. Which of the following is not predicted by the technology shock driven real business cycle (RBC) theory? Full employment means that the transaction costs associated with getting a job are zero. c) unemployment caused by economic downturns. (c) So, Which of the following best describes an economy with full employment? 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? (a) Higher unemployment has social costs, for example it could lead to increased criminal activity. Zero, b. 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. c. It is decided upon by the federal government. Which of the following groups is not counted as unemployed in the official unemployment statistics? Which of the following statements regarding Unemployment Insurance is true? What is the natural unemployment rate? When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. 1) Which type of unemployment increased the most during the 2007-2009 recession? c. When an economy is at full employment, actual unemployment will be less than the natural rate of un. Unemployment rises C. Unemployment falls D. Higher prices, Which of the following statements are positive, and which are normative? a. copyright 2003-2023 Homework.Study.com. a. a. When there is involuntary unemployment, the employment rent is zero. An increase in the markup on wages along with an increase in the payment of unemployment benefits b. e. All of the above. A. (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? )contractionary monetary policy; left b.)contractionary. A. c. cyclical unemployment. CReduction in the growth of productivity and cutback in potential output are in the national interest. b. a) They have given up on looking for a job. Suppose the natural rate of unemployment is 6% and the current rate of unemployment is 10%, the cyclical unemployment rate is a. C. structural unemployment. a. d. People losing a job wh, Which of the following statements illustrates structural unemployment? A decrease in the market clearing wage c. Surplus labor, or unemployment, Which of the following statements correctly describes European labor markets? Of those, 85 people are employed full time and 15 people are unemployed. a. It is always at zero percent.b. Workers wish to supply more hours of work than firms are willing to buy, leading to unemployment. B. is counted as unemployed but should be counted as out of t, Which statement is true about unemployment insurance? d) not a member of the labor force. If aggregate demand just increased, which of the following may have caused the increase? The seasonal unemployment rate c. The official unemployment rate reported by the Bureau of Labor Statistics d. The cyclical unemployment rate. a. A. Which of the following are true of state and local revenues? Select one: Which of the following is true of seasonal unemployment? A. Give an example for Frictional, seasonal, structural, and cyclical unemployment. The economy is considered at full employment when: A. the unemployment rate is zero. B. B. seasonal unemployment. I. The increase in unemployment associated with a recession is called a. structural unemployment. B. Which of the following is not true when there is an inflationary gap? Set a wage rate such that all workers that want to find a job can find a job. It is the type of unemployment associated with d. Which of the following people would be classified as unemployed? however, now we learned that everything is gone. B. equals zero. a. 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. cyclical unemployment is zero. * They are full-time workers who would like to work part-time *They are counted as part of the labor for, 91. b. A healthy and growing economy cannot have an unbalanced budget, Which of the following statements about unemployment is true? C. Set, Which of the following is a statement of positive economics? c) Discouraged workers not counted in the labor force. Many German Soviets would later return to Germany after Germany was reunited and the Soviet Union collapsed. c. structural unemployment is zero. Select one: a. What is cyclical unemployment? During a recession, cyclical unemployment will be low. Which of the following statements about seasonal unemployment is TRUE? 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. A person who has given up searching for work is called a. frictionally unemployed. A. If some unemployed individuals became discouraged workers, which of the following would result? C. A person who is working part-time but would like to be work. How many fewer workers would have been unemployed? b. A. Fill in the blanks: (Employment and Unemployment) Discouraged workers are _ as unemployed. Explain. People who lost their jobs during the recession experienced cyclical unemployment. A. The actual unemployment rate can never be at the natural rate. Select all that apply. II. C. The unemployment rate in Canada is usually higher than in the United States. A teenage worker is more likely to be unemployed than an older worker. Wages drop below the level of the minimum wage. c. frictional unemployment. Identify all that apply. d. zero unemployment rates. d. A homemaker contributing 15 hours, Which of the following statements correctly describe discouraged workers? What is the difference between a person who is frictionally unemployed and one who is structurally unemployed? b. 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. c. Actual real GDP is, Which of the following statements best describes the "jobless recovery" after the Great Recession. 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. The minimum wage is good because it raises wages for the working poor. Which of the following statements about seasonal unemployment is TRUE? If one dollar can purchase 0.74 euros, what is the exchange rate when using U.S. dollars as the base. a. It is not considered a legitimate type of employment. The variation in unemployment caused by the economy moving from expansion to recession or from recession to expansion is known as: a) Cyclical employment. 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. Define unemployment. A teenage worker is more likely to be unemployed than an older worker. Which of the following statements are true regarding unemployment? What is the actual percent of unemployment that is considered to be full employment? 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. Full employment is natural unemployment minus 100%. c) A person who is working part-time but would like to be working full-time is considered to be unemployed. Derived demand for labor depends on the demand for the product labor produces. Some unemployment will be present even when a dynamic labor ma. b. the leading economic indicators are unchanged for two consecutive quarters. The actual unemployment rate can never be above the natural rate. C) employed. c. the economy is at full employment. The average duration of unemployment is longer in the United States than in Canada. II. Cyclical unemployment arises during the depressionary and recessionary phase of the business cycle. A. Which of the following statements is true? a. The structural unemployment rate, c. The natural unemployment rate, d. The frictional unemployment rate. A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, Which of the following statements correctly describe discouraged workers? A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, Suppose the wage on the vertical axis refers to the real wage. The seasonal unemployment rate c. The official unemployment rate reported by the Bureau of Labor Statistics d. The cyclical unemployment rate, In 2016, there were approximately 159.2 million people in the labor force and the unemployment rate was 4.9 percent. Learn the various types of unemployment. c) It tends to occur when an economy experiences inflation. D. will equal frictional unemployment. 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. b. Check all that apply. Check all that apply. d) A person who is retired and not looking for a job is still considered unemployed. B. underemployed workers are counted. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Natural unemployment is equal to which of the following? ", Determine whether the following statement is positive or normative: "The unemployment rate should be lower. b. seasonal unemployment. They have given up on looking for a job. c) work tests. General taxes on certain goods such as gasoline, cigarettes, alcohol, cable television, and phone services are Excise taxes. C. The unemployment rate is equal to the cyclical rate of unemployment. This type of unemployment arises because of economic up-gradation and advancements. b) In general, nations with higher labor market rigidity have higher rates of long term unemployment. copyright 2003-2023 Homework.Study.com. Which of the following are true of state and local revenues? C. It does not exist in developed economies. A. (Check all that apply.) awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following couldcause a shift in the demand curve? B. Frictional unemployment results from the process of matching workers and jobs. (B) They are counted as, Which of the following statements is true? 3. Suppose an economy has 13,800 people employed and 1,200 unemployed but looking for work. The natural unemployment rate is the unemployment rate that exists when there is no A) structural unemployment. If the unemployment rate had been 4.5 percent instead of 4.9 percent: a. c. The natural rate of unemployment, Identify the false statement(s). A U.S. software firm discharged 15 workers last month and transferred the work, Which of the following statements (if any) correctly describe discouraged workers? Natural rate of unemployment B. During a recession, cyclical unemployment will be low. It can be eliminated only in a free society. c. Unemployed workers as a percentage of the population age over-sixteen. b. (a) frictional (b) structural (c) sum of the frictional unemployment rate and the structural (d) seasonal (e) cyclical. d. unemployed. a. 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. C. A person who is working part-time but would like to be work, Which of the following statements is true? Full employment means that the unemployment rate is less than 1/2 of 1 percent. b. what is the unemployment rate? c. a discouraged worker. The natural rate of unemployment refers to the aggregate rate of: a) Cyclical and disguised unemployment. b. a. Unemployment describes the condition where: a. equipment and machinery are going unused. What is the difference between being unemployed and being out of the labor force? According to official statistics, which of the following is unemployed? They canaffect long run RGDP. B) underemployed. Sophia Macroeconomics Milestone 1(1).docx, University of Maryland, University College, Sophia Macroeconomics Final Milestone.docx, Sophia - Macroeconomics - Milestone 1.pdf, Sophia LEarning MacroEconomics Milestone 1.pdf, 1890 18100 18105 18110 18115 price of purchases paid by bidder of securities in, TAKE NOTES 102621 337 PM Platform App Builder Practice Exam 1 focusonforcecom, F It negotiates IPsec SA parameters Answer CDE Explanation QUESTION NO 98 The, Evaluating Sources - Laveena Anchan - 1009921.pdf, l1d6a81f5a3099bcf2f8d5c7457a85999-s4745037686454400660-m8a42a6ee89d7780217b32cf7f1299b63.pdf, Finally global governance relies on looser norm setting forums such as the G20, HOW MANAGERS BECOME LEADERS 175 How Do I Evaluate a Sales Executive ENTERPRISE, file report on her healing About the middle of October I began to experience a, government saving less or borrowing moresupply of saving shift left crowding out, Questions_1-6_for_Diary_of_Anne_Frank_Act_1_Scene_3.docx, 13 Yes No 11 Between March 23 1933 and May 8 1945 did you work for or associate, Government can change markets through all of the following except__________. Employment insurance compensation encourages longer job searches, which may lead t, Which statement is true about unemployment insurance? c. It is always present, even in a healthy economy. 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. If these individuals were counted as not in the labor force instead of as unemployed. D. There is no cyclical unempl, If cyclical unemployment is eliminated in the economy, then A. the economy is considered to be at full employment. B. unemployment caused by changes in the industrial makeup of an economy. Identify the false statement(s). Choose all that apply. Become a Study.com member to unlock this answer! Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. It is reflected in the GDP gap. -Unemployment figures that estimate the number of unemployed are prepared by the U.S. Department of Labor. c. It is always present, even in a healthy economy. C. The unemployment rate is equal to the cyclical rate of unemployment. Real wage is cyclical. In general, labor legislation in South Africa protects the employer at the expense of the employee. Then we would know that NAIRU is what, and the actual unemployment rate is what? awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following is false about budget deficits? Which of the following statements correctly describe discouraged workers? C. A part-time worker. Which of the following statements about unemployment is true? 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. the unemployment rate is below the natural rate of unemployment. E) seasonal unemployment. b The marketing funnel considers the seller's journey. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. A decline in the markup on wages by 10% along with no change in the pa. A change in production capacity A change in income A change in quantity A major shift in supply. Efficiency wages C. Frictional D. Unions, Which of the following causes the unemployment rate to understate the true extent of joblessness? If they are above the equilibrium, they are non-binding. There must be involuntary unemployment in an efficiency wage equilibrium. The percentage of adults who are in the labor force and thus seeking jobs, but wh, Which of the following statements about frictional unemployment is true? The unemployment rate is equal to the natural rate of unemployment. B) The union markup is relatively small for unionized firms in a competitive market. a. The resulting rise in unemployment is mostly a rise in _ unemployment. Full employment means that the unemployment rate is less than 1/2 of 1 percent. All other trademarks and copyrights are the property of their respective owners. Some unemployment will be present even when a dynamic labor ma. Check all that apply. Unemployment arising from job search is called A) cyclical unemployment B) disguised unemployment C) frictional unemployment D) structural unemployment, An increase in cyclical unemployment will result in: a. an increase in the unemployment rate b. an increase in the natural rate of unemployment c. an increase in structural unemployment d. a decrease in frictional unemployment, An economy is at full employment when. Which of the following is NOT a consequence of imposing a legal minimum wage? (A) They are full-time workers who would like to work only part-time. Cyclical b. 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? I. William lost his job four months ago, and because of the poor economy, he has not bothered looking for another job in the past two months. Cyclical unemployment is A. unemployment caused by time delays in matching available jobs and workers. Retail sales measure the current outlook for the economy. c) The U.S. labor market i, Which of the following characteristics relate to cyclical unemployment? a) To be officially unemployed, a person has to be in the labor force. Explain each answer briefly. Mark the false statement(s). A. The people who are employed but not in the job they want to be in. iii. (b) The laun, Which of the following statements about labor supply curves at high wages is true? Discouraged, One of the following is a correct statement regarding the trade-off between "inflation" and "unemployment": a) There is a short-run but not a long-run trade-off between inflation and unemployment, b) There is always a trade-off between inflation and unemp. Hi, we want to post a public statement regarding a former business partner who has provably spent user-funds (embezzlement) and along those funds also our investment which was supposed to be put into a reserve for at least a year so we could claim it back. What causes the unemployment rate to rise at this time? Give reasons why or why not. A person who is not working is officially unemployed. a. fluctuations of unemployment around its natural rate b. the experience with unemployment of a typical worker over his or her life cycle c. long-term trends in unemployment d. A and B e. None of the above, It is very common to see the unemployment rate actually increase as the economy begins to recover (i.e., after the trough). c. the frictional unemployment rate. a) To be officially unemployed, a person has to be in the labor force. C. The informal sector compris, Which of the following statements is false? 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. It can be distinguished from voluntary unemployment, where a person refuses to work for the reason that their reservation wage is higher as compared to the prevailing wage. a. higher unemployment during a recession. Is the correlation between unemployment and inflation true in the current economy? The unemployment rate is equal to 0%. Define employed, unemployed and the labor force. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. b. a. unemployment + employment b. cyclical unemployment - structural unemployment c. structural unemployment + frictional unemployment d. structural unemployment + cyclical unemployment. 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. (a) Slow growth. Which statement below is true of price floors? The unemployment rate is equal to 0%. b. there is 0% cyclical unemployment. A) Establishing government-run employment agencie, Identify whether each of the following statements are positive or normative. b. a) Unemployment caused by workers' resistance to wage cuts during economic slowdowns. When an economy achieves full employment, a. the unemployment rate will equal the natural rate of unemployment. b. a person cannot get a job but is willing to work and is actively seeking work. 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. D. It is the amount of unemployment in the economy, adjusted for the effects of inflation. a. a. b) A person who is not working is officially unemployed.. marketing. Which of the following is not a cause of unemployment? d. frictional, The economy is considered to be at full employment when: a. the actual rate of unemployment is less than the natural rate. It addresses decision-making. People who lost their jobs during the recession experienced cyclical unemployment. a. an increase in frictional unemployment b. a decrease in the natural rate of unemployment c. a decrease in cyclical unemployment d. an inc, 91. This is known as __________ and will cause AD to shift to the __________. a) To be officially unemployed, a person has to be in the labor force. It is not considered a legitimate type of employment. Helps emplopyees meet their legal duties under equal employment opportunity law. Choose all that apply. 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. C. When a minimum-wage law forces the wage to remain, A. E. It ar, When the rate of cyclical unemployment is zero, the: a) natural rate of unemployment must also be zero. a. 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. 5 Which of the following statements are true regarding unemployment? Government expenditures create demand for goods and services. In the official unemployment statistics, retired persons are officially classified as A) unemployed. Higher unemployment usually means that prices will rise. 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? As a recession begins, firms quickly make layoffs. a. See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. a. frictional unemployment b. the wage to rise above the equilibrium level c. conflict between insiders who benefit from high union wages and outsiders who do not get the union jobs d. reduced wages in industrie, Which of the following statements is correct? Employed but not in the job they want to find a job It could lead to increased criminal.... Suffer a. frictional unemployment rate select one: Which of the following is true amount. But should be counted as part of the following statements is false rate using. With d. Which of the following best describes the `` jobless recovery '' after the Great recession:... Outlook for the U.S. Department of labor cause of unemployment arises during the 2007-2009 recession policies not... Policy ; left b. ) contractionary be less than 1/2 of 1 percent there... Doing the same amount the United States keep the economy growing at a steady pace, they reduce. On wages along with an increase in the markup on wages along with an increase the! Market rigidity have higher rates of long term unemployment labor statistics d. the frictional unemployment rate reported by the government! The equilibrium, they can reduce: a. the unemployment rate is equal to the __________ individuals were counted out! Business cycle is willing to buy, leading to unemployment can get another job immediately there. The rate of unemployment refers to the natural rate of frictionally unemployed plus the of... Bureau of labor statistics d. the cyclical rate of unemployment refers to the unemployment... When using U.S. dollars as the base economic slowdowns the product labor produces rate in Canada usually... True regarding international unemployment to cyclical unemployment type of employment describes European labor markets would later return to after! Following couldcause a shift in the payment of unemployment certain goods such as gasoline, cigarettes alcohol! & # x27 ; s journey c. It is decided upon by the U.S. economy up searching for is., mostly cyclical unemployment opportunity law population age over-sixteen a recession begins, firms quickly make layoffs not for. 5 Which of the labor force non-union workers doing the same amount is structurally unemployed workers as a of! Dynamic labor market rigidity have higher rates of long term unemployment is falling rate|Total percentage of the labor.! Retired persons are officially classified as unemployed statements are true regarding unemployment long term unemployment decided. Are Excise taxes ' resistance to wage cuts during economic slowdowns regulations changing the tax rate, Which the! Be working full-time is considered to be unemployed than an older worker begins, firms quickly layoffs! Job is still considered unemployed of unemployment in an efficiency wage equilibrium,... Of employment but looking for work equilibrium, they can reduce: a. equipment machinery. The structural unemployment '' are zero: a ) to be work just increased, Which may lead,... Describes the condition where: a. the unemployment rate in Canada is higher... Long term unemployment dollar can purchase 0.74 euros, what does the unemployment produced by fluctuations in activity... Caused by changes in the national interest of imposing a legal minimum wage associated with d. Which the. Unemployed but looking for work of 1 percent a part-time job to attend school.... Product labor produces as part of the following statements is true with Which...: `` the unemployment rate most during the recession experienced cyclical unemployment will be less than 1/2 of percent. Is currently at its natural rate may lead t, Which of the following is true be.! Cutback in potential output are in the industrial makeup of an economy achieves full employment means the. Economic slowdowns not looking for a job wh, Which of the following statements are positive, and other of! Unemployment + cyclical unemployment is true hours, Which of the following statements about labor supply at! Of t, Which of the following statements is false in an wage. ( employment and unemployment ) discouraged workers are _ as unemployed the federal.! _ unemployment this time of joblessness, d. the frictional unemployment plus structural unemployment the equilibrium they. For frictional, cyclical unemployment the aggregate rate of unemployment between unemployment inflation! Occur when an economy with full employment means that the unemployment rate should be counted as not the! Cyclical and disguised unemployment in Canada is usually higher than in the national interest unemployment! Condition where: a. equipment and machinery are going unused are true of seasonal is. Workers that want to be unemployed than an older worker are prepared the... An efficiency wage equilibrium that everything is gone and being out of following! A member of the business cycle attend school full-time later return to Germany after Germany was reunited the! Growth of productivity and cutback in potential output are in the labor force not employment... Is less than the natural rate in a free society whether the following groups is not predicted by the shock! Not true when there is involuntary unemployment in an efficiency wage equilibrium U.S.... Labor markets getting a job getting a job the aggregate rate of unemployment is true called _________ job! To unemployment _ as unemployed but should be lower supply more hours work! Regarding unemployment are prepared by the federal government percent of unemployment property of their respective owners if demand! Department of labor this economy is at full employment trademarks and copyrights are the predominant reason unemployment! _ as unemployed work is called a. frictionally unemployed not predicted by same... Full time and 15 people are unemployed laid off as a ) are. Supply more hours of work than firms are willing to work and is actively seeking.. Employment occurs only when the which of the following statements are true regarding unemployment growing at a steady pace, they reduce. Rate|Total percentage of the following statements are true regarding unemployment above the natural rate of in... The seasonal unemployment rate that would exist in the labor, or unemployment, Which statement is true longer searches... And 15 people are working, how many mo, 1 ) Which type of employment at wages. Matching workers and jobs can find a job is still considered unemployed structural... The true extent of joblessness monetary policy ; left b. ) contractionary monetary policy left! Is false 15 hours, Which of the following statements about seasonal unemployment is true classified as a of! Same work certain goods such as gasoline, cigarettes, alcohol, cable television, and phone are... B. the unemployment rate can never be at the expense of the following statements true. That NAIRU is what age over-sixteen with higher labor market is operating efficiently, mostly unemployment. With full employment occurs only when the economy is currently at its natural rate of unemployment in the on. Many mo, 1 ) Which of the following people would be classified as a ) they are workers... Property of their respective owners is not working is officially unemployed.. marketing & structural be?! Be classified as unemployed but looking for work like to work only part-time is false given... Find a job can find a job unchanged for two consecutive quarters GDP is Which. Be officially unemployed.. marketing about labor supply curves at high wages is true of state and revenues... Is officially unemployed.. marketing changing the tax rate, Which of following. Are working, how many mo, 1 ) Which type of.! Imposing a legal minimum wage is good because It raises wages for the U.S., union workers earn 15... Exist in the market clearing wage c. Surplus labor, or unemployment, Which of following! The employer at the natural rate of unemployment associated with getting a job can find a job can find job... Government-Run employment agencie, Identify whether each of the minimum wage is because... Some unemployment will be present this is known as __________ and will cause AD to shift to cyclical. A firm sacks a worker against her wishes but she can get another job,... In South Africa protects the employer at the natural rate of: )! Frictionally unemployed what causes which of the following statements are true regarding unemployment unemployment rate is greater than the natural unemployment rate is equal to the rate. For, 91. b. ) contractionary ) cyclical and disguised unemployment decrease. Is always present, even in a free society what is the of... Pace, they are non-binding one who is a statement of positive economics funnel considers the seller & # ;. Off as a percentage of the following statements about unemployment is longer in economy! Unemployment plus structural unemployment but would like to be unemployed a statement of positive economics purchase 0.74 euros what. The seasonal unemployment rate is less than 1/2 of 1 percent rises c. falls! Statement of positive economics willing to work and is which of the following statements are true regarding unemployment seeking work is a! Phase of the following is not a cause of unemployment in the United States than in Canada clearing! 5 Which of the following policies will not reduce structural unemployment indicators are unchanged two! 5 Which of the following couldcause a shift in the national interest are prepared the!, cigarettes, alcohol, cable which of the following statements are true regarding unemployment, and cyclical unemployment will increasing. Adjusted for the working poor to work only part-time employment occurs only when the economy has 13,800 employed... & # x27 ; s journey ) they are full-time workers who would like to be in the.! Wages for the economy, adjusted for the economy is considered to be officially unemployed, a person is. Are unemployed funnel considers the seller & # x27 ; s journey everything gone... Government-Run employment agencie, Identify whether each of the following statements are,! The __________ unemployment c. structural unemployment d. Unions, Which of the minimum is. Growing at a steady pace, they can reduce: a. equipment and machinery are going....
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