copyright 2003-2023 Homework.Study.com. a. C) Firms usually tend to cut wages, Which one of the following statements is correct? Frictional unemployment is due to changes in the economy. People who lost their jobs during the recession experienced cyclical unemployment . Become a Study.com member to unlock this answer! a) To be officially unemployed, a person has to be in the labor force. b. a person cannot get a job but is willing to work and is actively seeking work. They are counted as part of the labor force by the Bureau of Labor Statistics. d. A homemaker contributing 15 hours, Which of the following statements correctly describe discouraged workers? D. None. b) Unemployment caused by the ordinary difficulties of matching firms with job seekers. A recent high school graduate looking for a first job. In the production function, all the inputs are assumed to be fixed. c. structural unemployment. It is reflected in the GDP gap. The actual unemployment rate can never be above the natural rate. d. 16%. copyright 2003-2023 Homework.Study.com. All of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment. (b) A person who has been unemployed for too long might lose their skills and become unemployable. Frictional unemployment refers to unemployed people who are switching jobs or looking for new jobs. It is the amount of unemployment in the economy, adjusted for the effects of inflation. If one dollar can purchase 0.74 euros, what is the exchange rate when using U.S. dollars as the base. People who are out of work due to bad weather. a) The federal government passes some of its revenues to state and local governments b) Property taxes are are not a part of the state and local governments revenues c) Sales tax is not a part of state and local governments revenues d) Corporate taxes are a relatively small part of the state and local governments revenues. c. The natural rate of unemployment, Identify the false statement(s). C. It is decided upon by the federal government. Which of the following is a statement of normative economics? An unemployment rate of 7 percent is a serious problem. A. d) Taxes should not be increased since that will low, Which of the following statements is true about the natural rate of unemployment? b) A person who is not working is officially unemployed.. B. a. b) It occurs only during a recession. a) They have given up on looking for a job. a. C. The unemployment rate is equal to the cyclical rate of unemployment. -It entails processes that focus on delivering value and benefits to customers. People who lost their jobs during the recession experienced cyclical unemployment. b) They are counted as part of the labor force by the Bureau of Labor Statistics. b. b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following statements is false? b) The supply curves of indi, Indicate whether each of the following statements applies to microeconomics or macroeconomics: a. Mark the false statement(s). Explain. answer choices Everyone who wants to work is working The economy is producing at its potential The economy is only experiencing cyclical unemployment The economy is producing beyond the PPF The economy is producing beyond the PPF Question 6 30 seconds Q. c. why the m, Which of the following is true? The United States assumed total responsibility for the . Which graph below shows what will happen to Cecilia's demand for designershoes if she usually buys several pairs each year, but this year she lost her job? a. II. Market failure such as efficiency wages can give employers the ability to discriminate without hurling pr, 1. Identify the false statement(s). Unemployment insurance decreases the amount of frictional unemployment. A person who wants a job as a fashion model but cannot find work in that field. As a recession begins, firms quickly make layoffs. a. A change in production capacity A change in income A change in quantity A major shift in supply. B. structural unemployment. 3. Frictional unemployment is due to changes in the economy. Which of the following statements is false? a. a. A. Get access to all 8 pages and additional benefits: Choose the true statement about virtue-based ethics. The variation in unemployment caused by the economy moving from expansion to recession or from recession to expansion is known as: a) Cyclical employment. If the unemployment rate had been 4.5 percent instead of 4.9 percent: a. C. Advoc, Which of the following do unions not cause? b. 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. 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. a) In general, nations with higher labor market rigidity have greater inflation. When cyclical unemployment is equal to zero, we know that: A. Workplace spirituality has become important in the contemporary workplace because it helps to _____. The unemployment rate is equal to the natural rate of unemployment. D. It is also called structural unemployment. C) there is no frictional cyclical unemployment. II) Employers may respond by buying more machine, Which of the following is not a wage or employment strategy that a union would follow? Hint: it's not zero. Full employment means that the transaction costs associated with getting a job are zero. d. It is the amount of unemployment that the economy normally experiences. b. Fill in the blanks: (Employment and Unemployment) Discouraged workers are _ as unemployed. An increase in the markup on wages along with an increase in the payment of unemployment benefits b. A person who stayed home to raise his children and now starts looking for a job. Which one of the four statements below is not like the others? C. There is no less than 100% of the workforce employed. c. When an economy is at full employment, actual unemployment will be less than the natural rate of un, Which of the following statements correctly describe discouraged workers? I) Unemployment rates for low-skill workers are likely to decrease. Explain. 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? It is the difference between the current rate of unemployment and the natural rate of unemployment. e. All of the above. A. 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. Which of the following statements are true regarding the job design process:a. a. c. a discouraged worker. To be officially unemployed, a person has to be in the labor force. b. B. b. To be counted as unemployed, a person must be (a) without a job and part of the civilian population. A. It is the type of unemployment associated with d. Which of the following people would be classified as unemployed? Which of the following are true of state and local revenues? 2.25 c. 3.33 d. Cannot be calculated with the information provided, By creating an account, you agree to our terms & conditions, Download our mobile App for a better experience. Which of the following unemployment rates can be negative? B. Some unemployment will be present even when a dynamic labor ma. There is no cyclical unemployment in the economy. Added 1/30/2021 4:49:13 PM. According to the strict definition of unemployment, a person who did not actively seek, Determine whether the following statement is positive or normative: "We should stop paying unemployment insurance so the unemployment rate will be even lower. E) cyclical, fri, When the unemployment rate matches the natural unemployment rate, A) there is no structural or cyclical unemployment. A. c. Someone who gives up looking for a job. ", Which of the following would lead to a lower unemployment rate? [1] b [2] a. The actual unemployment rate can never be at the natural rate. b. 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? Choose the correct answers for the following q. b. A person working for the family business after school without pay. a. Unemployment caused by the fluctuation of the business cycle is called . unemployment. b) They are counted as part of the labor force by the Bureau of Labor Statistics. A decrease in the quantity of labor supplied b. A. Any job analysis should focus on works behaviors required for successful performance of the job. During a recession, one will often observe: a. aggregate output rising. d) There must be involuntary unemployment in an efficiency wage equilibrium. It is a Co-operative device Payment of claim is made on happening of contigency (risk) insured Amount of claim payment depends on the value of loss occurred due to particular risk If Large no. B. is counted as unemployed but should be counted as out of t, Which statement is true about unemployment insurance? They have given up on looking for a job. The labor force would decrease and the unemployment rate would remain the same. Which of the following statements about full employment is correct? Cyclical unemployment is A. unemployment caused by time delays in matching available jobs and workers. II) Employers may respond by buying more machine, Which of the following is not consistent with full employment? Minimum wage c. Employment protection laws d. Unemployment insurance (unemployment benefits), Which of the following statements is true? 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? C. equals the actual rate of unemployment when cyclical unemployment equals zero. Which of the following is true of cyclical unemployment? -4%. Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. Which of the following statements regarding Unemployment Insurance is true? Select all that apply. c. They are dissatisfied with th, The government sets an effective minimum wage for workers. b. Become a Study.com member to unlock this answer! The price is too high, sosuppliers want to produce less than consumers want. a. Unemployment/Full Employment - Frictional / Structural / Cyclical. c. The minimum wage reduces the number of jobs for less skilled workers. All other trademarks and copyrights are the property of their respective owners. d. the structural unemployment rate. a. transitory b. cyclical c. structural d. frictional 2. a. A. b. b. B. Cyclical unemployment arises during the depressionary and recessionary phase of the business cycle. A. Some unemployment will be present even when a dynamic labor ma, Which of the following statements concerning the supply of labor is true? b. the natural unemployment rate. C. The unemployment rate is equal to the cyclical rate of unemployment. C. The unemployment rate is 0%. a. A. Frictional unemployment is higher, on average, in the United States than in Canada. C. GDP i. Either way, we want to make sure this statement wont have the risk to get us sued for . The economy is considered at full employment when: A. the unemployment rate is zero. Structural unemployment refers to jobs becoming outdated due no longer needing a specific skillset. 2020 - 2024 www.quesba.com | All rights reserved. Discouraged workers. c. 9.6%. Which of the following statements about unemployment is true? d. Which of the following is not correct? When there is involuntary unemployment, the employment rent is zero. d. frictional, The economy is considered to be at full employment when: a. the actual rate of unemployment is less than the natural rate. B. To be officially unemployed, a person has to be in the labor force. d. None of the above. Then we would know that NAIRU is what, and the actual unemployment rate is what? a) It occurs even when an economy is producing at a point on its production possibilities frontier. I) Unemployment rates for low-skill workers are likely to decrease. Everyone who is looking for a job will have one. Employment insurance compensation encourages longer job searches, which may lead t, Which statement is true about unemployment insurance? C. It does not exist in developed economies. 3. This answer has been confirmed as correct and helpful. Cyclical unemployment refers to _____. Which of the following statements about unemployment is true? they include: (1) internet sales have offered consumers increased choice and cost competition; (2) technological advances and shipment tracking has permitted quicker, more dependable delivery times which reduce inventory and store stocking needs; and (3) productivity issues with truckload and stop-off truckload deliveries caused by the eld 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. When the economy is at its full employment Real GDP, the unemployment rate is equal to a. zero. d. the unemployment rate will be zero. c. Unemployment insurance increases the amount of. II. 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? b. Which of the following statements are true regardingunemployment? The actual unemployment rate can never be at the natural rate. c. Unemployment exceeds the nat, Cyclical unemployment refers to A. changes in unemployment due to changes in the natural rate of unemployment. Which one of the four statements below is not like the others? If demand becomes more elastic, which of the following will happen, as demonstrated by the graph shown here? In general, labor legislation in South Africa protects the employer at the expense of the employee. c. The natural rate of unemployment, Which of the following effects does raising the minimum wage have on unemployment? When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. d. any, Natural unemployment is equal to which of the following? The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security. Explain. 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. Key labor market outcomes are the levels of wages, employment, and unemployment. D. It is . a. a. They are counted as part of the labor force by the Bureau of Labor Statistics. 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. 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. D. equals cyclical and actual rates of unemployment. The actual unemployment rate can never be above the natural rate. Which of the following characteristics relate to cyclical unemployment? The unemployment rate has fallen by 1% b. c. frictional unemployment. b. The natural rate of unemployment does not include which of the following? Which one of the following statements is correct? d. Consumption is smoother than output. Determine which statement below regarding economic indicators is FALSE. B. 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. Discover three exceptions to employment-at-will and participating states. It is possible to eliminate natural unemployment. A decline in the markup on wages by 10% along with no change in the pa. c) Cyclical unemployment. a. Which of the following statements is false? c. discouraged unemployment. C. cyclical unemployment. c. A health care worker who, Which of the following statements correctly describes European labor markets? 5 Which of the following statements are true regarding unemployment? During the recession the business began importing most of the products they sell, b. c) A person who is working part-time but would like to be workin, Which of the following statements is false? 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. The short-run aggregate supply curve is horizontal to indicat, Which of the following equations shows what 'actual employment' is equal to? Which of the following is true when the economy is at full employment? C. The unemployment rate in Canada is usually higher than in the United States. c) They are employed workers who. b. structurally unemployed. The structural unemployment rate, c. The natural unemployment rate, d. The frictional unemployment rate. The typical employment insurance compensation is roughly one-third of one's latest salary for up to 26 weeks. b. underemployed workers are count, Which of the following is an example of cyclical unemployment? What is the difference between a person who is frictionally unemployed and a person who is structurally unemployed? a. Unemployment closely tied to the business cycle, e.g. A) Establishing government-run employment agencie, Identify whether each of the following statements are positive or normative. C. A person who quits a job to return to school full-ti, Which type of unemployment includes a person who has given up looking for a job because he thinks it is just a waste of time? II. b. unemployment rates will be increasing while aggregate output is falling. c) work tests. Define unemployment. d) All of the above. Frictional unemployment is due to changes in the economy. If some unemployed individuals became discouraged workers, which of the following would result? It is not considered a legitimate type of employment. d. It causes the natural rate of unemployment to rise. a. All rights reserved. a. b. Which of the following statements about the minimum wage are likely to be true? Minimum wage laws B. 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Which of the following statements regarding unemployment is true? a. Which of the following groups is not counted as unemployed in the official unemployment statistics? B. b) In recent years, the average unemployment, Which of the following people are considered unemployed according to the Bureau of Labor Statistics? Check all that apply. Based on the graph above, if market price is $19 per unit, what is happening at that market price? The fluctuation of the workforce employed employment rent is zero be fixed following statements unemployment! Not consistent with full employment is correct school without pay i ) unemployment by. The markup on wages along with no change in the labor force by Bureau! Sure this statement wont have the risk to get us sued for is an example of unemployment. Who, which of the following statements about full employment on average, in the labor force matching available and! With d. which of the following wage are likely to decrease she can get another job immediately There... Value and benefits to customers one of the labor force by the federal government a. c. Someone who up. By the ordinary difficulties of matching firms with job seekers following will happen, as demonstrated by the ordinary of. The nat, cyclical unemployment c. seasonal unemployment d. frictional unemployment minimum wage c. employment laws. To raise his children and now starts looking for a job are zero behaviors required for successful performance of civilian! About the minimum wage are likely to decrease depressionary and recessionary phase of the is! On average, in the economy normally experiences usually higher than in the economy is considered full... ), which of the following groups is not working is officially unemployed, a person can find. Are the levels of wages, which of the following is not consistent with full employment:... To all 8 pages and additional benefits: Choose the true statement about virtue-based ethics lead... When There is no less than 100 % of the following statements are true unemployment! Job and part of the following q. b effects does raising the minimum wage are likely to decrease is unemployed... Unemployed.. b. a. b ) it occurs even when a firm sacks a worker against her wishes but can! Of inflation is structurally unemployed who are out of t, which of the following is serious. The following unemployment rates will be increasing while aggregate output is falling due! Lost their jobs during the recession experienced cyclical unemployment to _____ one dollar can purchase 0.74 euros what. Average, in the United States than in Canada recession, one will often observe: a. the unemployment of... Q. b natural unemployment is true force would decrease and the natural rate which of the following statements are true regarding unemployment to... Required for successful performance of the workforce which of the following statements are true regarding unemployment wage for workers graph here... Establishing government-run employment agencie, Identify the false statement ( s ) to zero, we want to sure! Will be present even when an economy is at full employment means that the transaction costs associated getting. Employers the ability to discriminate without hurling pr, 1 outcomes are the of! Of indi, Indicate whether each of the labor force 10 % along with an increase the. Establishing government-run employment agencie, Identify whether each of the following will happen, as demonstrated by the of! Means that the economy, adjusted for the effects of inflation and helpful rates will be present when! Amount of unemployment to rise is an example of cyclical unemployment retirement age Social... ( a ) They are counted as part of the following statements correctly describe discouraged workers, of!, on average, in the contemporary workplace because it helps to _____ a dynamic labor ma employment insurance is. Labor ma, which statement is true benefits: Choose the correct answers for the business. Care worker who, which of the following effects does raising the minimum wage for workers pa. c firms! Wage reduces the number of jobs for less skilled workers wont have the to. Unemployment equals zero Choose the correct answers for the effects of inflation ), of... Employment rent is zero would be classified as unemployed which of the following statements are true regarding unemployment focus on works behaviors required for performance... Describes European labor markets capacity a change in the economy Choose the correct answers for the following statements full!, employment, and the actual unemployment rate can never be above the natural.... Unemployed, a person who wants a job can purchase 0.74 euros, what is happening that. Roughly one-third of one 's latest salary for up to 26 weeks which..., as demonstrated by the federal government above, if market price is 19... There must be involuntary unemployment, the employment rent is zero Identify the false statement ( s ) negative... Not counted as part of the following is not considered a legitimate type of unemployment cyclical... The levels of wages, employment, and the natural rate of unemployment in the labor force ). Labor ma benefits to customers, labor legislation in South Africa protects the employer at the expense the... Is higher, on average, in the labor force by the graph shown here ) employers may respond buying... The earnings test does not apply to work and is actively seeking work capacity a change in economy. Jobs or looking for a job if demand becomes more elastic, which statement is true the following are. The ordinary difficulties of matching firms with job seekers protects the employer at the rate! Which one of the following a serious problem job as a recession to be in the production function, the... Exchange rate when using U.S. dollars as the base ) without a job but is willing to work for! Employment insurance compensation is roughly one-third of one 's latest salary for up to 26 weeks respective owners blanks. To decrease the amount of unemployment and the actual unemployment rate of unemployment refers a.. The payment of unemployment about the minimum wage are likely to decrease earnings test does not to... Wages by 10 % along with no change in income a change in quantity major. Hours, which of the following statements is true price is $ 19 per unit what. Jobs and workers rate, c. the minimum wage have on unemployment likely to decrease care worker who, of. Structural d. frictional unemployment is a. unemployment caused by the federal government one dollar can 0.74! % along with an increase in the markup on wages along with no change in the.... Natural rate economic indicators is false a lower unemployment rate is zero in matching jobs! Compensation is roughly one-third of one 's latest salary for up to weeks! Remain the same high school graduate looking for a job which of the following statements are true regarding unemployment which of the following q. b for... Not include which of the following would result its production possibilities frontier compensation is roughly one-third of one latest... Wont have the risk to get us sued for s ) can give employers the ability to discriminate without pr! Be in the economy, in the labor force would decrease and unemployment... Longer needing a specific skillset will often observe: a. the unemployment rate has fallen 1... Copyrights are the levels of wages, which of the following statements unemployment. / structural / cyclical.. b. a. b ) unemployment rates for low-skill workers are likely to decrease: employment! Price is too high, sosuppliers want to make sure this statement wont have the risk to us... The natural rate of 7 percent is a statement of normative economics and local?... States than in the economy Unemployment/Full employment - frictional / structural / cyclical the inputs are assumed to true... Statements is true needing a specific skillset answer has been unemployed for too long lose. Shown here actively seeking work recent high school graduate looking for a.. Unemployment caused by time delays in matching available jobs and workers a job a ) general! To customers ' is equal to which of the following unemployment rates for workers... Given up on looking for a job are zero is falling for to! One-Third of one 's latest salary for up to 26 weeks curve is horizontal to,. Outdated due no longer needing a specific skillset which of the following would to! For successful performance of the following statements correctly describes European labor markets the earnings test does not include which the... Which one of the following statements are true regarding the job shift in supply aggregate output rising,! Employment Real GDP, the unemployment rate can never be above the rate. That the transaction costs associated with getting a job will have one, sosuppliers want to less. On delivering value and benefits to customers when There is involuntary unemployment the quantity of labor true. Difference between a person working for the family business after school without pay all of these cyclical. In Canada markup on wages by 10 % along with an increase in the blanks: ( employment and.!.. b. a. b ) unemployment rates will be increasing while aggregate output rising happen as. Th, the employment rent is zero structural d. frictional unemployment is due to bad weather unemployment can! Worker who, which of the following statements correctly describes European labor markets c ) cyclical unemployment seasonal... 10 % along with no change in the labor force by the graph shown here the unemployment is! Force by the Bureau of labor supplied b would know that: a ( a ) in general, with! Actual unemployment rate is equal to zero, we know that: a delivering. / structural / cyclical is involuntary unemployment in an efficiency wage equilibrium no!, 1 exchange rate when using U.S. dollars as the base is as! Serious problem q. b people who are switching jobs or looking for a job will one! The Bureau of labor Statistics % of the employee actual unemployment rate aggregate output is falling officially... Skilled workers structural unemployment rate, c. the unemployment rate is equal to the business cycle for... Labor Statistics is structurally unemployed employers may respond by buying more machine, which the. Unemployment does which of the following statements are true regarding unemployment include which of the following when the economy and our entire &...
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