It is always at zero percent.b. Full employment is natural unemployment minus 100%. A. The causes of unemployment are. c. c. The natural rate of unemployment, Which of the following effects does raising the minimum wage have on unemployment? The frictional unemployment rate is greater than the natural unemployment rate. -4%. d. the natural unemployment rate. 2. (You may select more than one answer.) a. Which one of the four statements below is not like the others? The term "unemployment rate" in economics refers to: It is significant because: The unemployment rate in the U.S. right now is: How has the unemployment rate changed over the last decade? B. the unemployment rate is below the natural rate of unemployment. Wages drop below the level of the minimum wage. b. structural unemployment will be zero. B) frictional unemployment. If one dollar can purchase 0.74 euros, what is the exchange rate when using U.S. dollars as the base. Explain. B. B. B. They are part-time workers willing to work full-time. In the long run monetary policy is neutral, it is only inflationary. A general downturn in the economy. The unemployment rate fell for the fourth straight month, reflecting the effects from stronger b. b. It is negative in recessions and positive in economic booms. c. the frictional unemployment rate. B. equals zero. When there is involuntary unemployment, the employment rent is zero. A person who is not working is officially unemployed. Explain each answer briefly. The unemployment rate is equal to 0%. C. the portion of unemployme, Which statement is true about unemployment insurance? B. b. there is 0% cyclical unemployment. d) Full employment. C. A person who is working part-time but would like to be work, Which of the following statements is true? Choose all that apply. A recession does not always lead to an increase of the unemployment rate, indeed this rate may drop during such economic distress. Workers laid off as a result of a recession suffer A. frictional unemployment. Unemployed workers as a percentage of the labor force. The only way a recession can occur, Which of the following statements is true about the natural rate of unemployment? C. The unemployment rate is 0%. Which of the following is not predicted by the technology shock driven real business cycle (RBC) theory? BUnemployment falls when production expands faster than labor force. A teenage worker is more likely to be unemployed than an older worker. a) raising unemployment benefits. b. Select all that apply. C. A person who is working part-time but would like to be work, The unemployment rate does not reflect the true extent of the unemployment problem. b. People who lost their jobs during the recession experienced cyclical unemployment. C. cyclical unemployment is zero. b) A person who is not working is officially unemployed. Discouraged, Which of the following statements is/are correct? a) In general, nations with higher labor market rigidity have greater inflation. c. structural unemployment. Get access to all 8 pages and additional benefits: Choose the true statement about virtue-based ethics. The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. A person who has given up searching for work is called a. frictionally unemployed. It is reflected in the GDP gap. Output cannot begin rising due to the lack of available labor, c. Ne, Which of the following might help explain the higher productivity of union workers? Select all that apply. Choose one or more: A. the economy enters a recession B. a new company hires 1,000 college graduates C. unemployment benefits are reduced from 26 weeks to 20 weeks D. advances in techno, Which of the following is not consistent with full employment? 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. Structural unemployment refers to jobs becoming outdated due no longer needing a specific skillset. B. Structural unemployment c. Cyclical unemployment d. Seasonal unemployment e. Voluntary unemplo. Frictional unemployment is due to changes in the economy. A) Firms usually tend to lay off workers than cut wages to reduce costs. Full employment is natural unemployment minus 100%. Workplace spirituality has become important in the contemporary workplace because it helps to _____. A landscape worker who is out of work during the winter. A recession not always lead to an increase of unemployment rate, indeed this rate may drop during such economic distress. It is the difference between the current rate of unemployment and the natural rate of unemployment. Someone who has lost her job in the last week. A) 0.4% B) - 0.6% C) - 4.5% D) 4.5% E) 10%. c. Actual real GDP is, Which of the following best defines frictional unemployment? a. D. Someone who has, Which of the following people would be considered unemployed? Which of the following statements is true? b. copyright 2003-2023 Homework.Study.com. ii) Hannah, who quit her job to find one that better su. b. c. The doctrine helps lower labor hiring and firing costs, leading to lower unemployment rates. Employment exceeds full employment. B. An unemployment rate of greater than 8 percent is good because prices will fall. 1. A person who is not working is officially unemployed. 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. A. The labor supply curve is downward sloping. During a recession, cyclical unemployment will be low. B. underemployed workers are counted. a. a. There must be involuntary unemployment in an efficiency wage equilibrium. 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. When there is no involuntary unemployment, firms must be employing workers without ever dismissing them. A. There is no cyclical unemployment in the economy. Which of the following statements are true regarding unemployment? Which of the following statements is correct regarding involuntary unemployment? Employers have an incentive to pay a wage that is higher than the market clearing level, according to Shirking models of efficiency wage theory. b. The typical employment insurance compensation is roughly one-third of one's latest salary for up to 26 weeks. a. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. Which of the following characteristics relate to cyclical unemployment? d) Labor force: the number of employed plus the unemployed. All rights reserved. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. (b) South Africa has a serious unemplo, Which of the following measures to cure unemployment would we call supply-side and which demand-side solutions, and which have elements of both? Our experts can answer your tough homework and study questions. Employment at will is a legal term in the area of labor law. a.Federal law determines how income will be allocated between spouses in community property states. The frictional unemployment rate is greater than the natural unemployment rate. 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) Higher unemployment has social costs, for example it could lead to increased criminal activity. c.Separate property acquired before marriage becomes community property after marriage in . Which of the following statements about full employment is correct? B. Which of the following policies will not reduce structural unemployment? A. (c) Unemployment. The causes of unemployment are heavily debated. d. any, Natural unemployment is equal to which of the following? 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? Define employed, unemployed and the labor force. Which of the following statements correctly describe discouraged workers? Productivity is pro-cyclical. Which of the following statements about full employment is correct? c. Actual real GDP is, Which of the following statements best describes the "jobless recovery" after the Great Recession. A. inflation B. discouraged workers C. people employed in the underground economy D. unemployed people falsely reporting themselves to be actively looking fo. Full employment means that the unemployment rate is less than 1/2 of 1 percent. They are counted as part of the labor force by the Bureau of Labor Statistics. B) Natural unemployment - Cyclical unemployment. B. Check all that apply. (a) The encouragement of pay restraint to keep costs down by preventing excessive wage increases. Some unemployment will be present even when a dynamic labor ma, Which of the following statements concerning the supply of labor is true? The labor supply curve is downward sloping. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. B. structural and frictional unemployment have been eliminated. Unemployment figures that estimate the number of unemployed are prepared by the U.S. Department of Labor c. The published unemployment numbers fail to reflect the number of discouraged workers and "hidden unemployed" To be officially unemployed, a person has to be in the labor force. It is not considered a legitimate type of employment. Which of the following statements about the employment-at-will doctrine is TRUE? c) Out of labor force: Out of paid work and looking for a job. 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. Which of the following is true? Which of the following statements is (are) true with respect to the Social Security earnings test? 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. The economy is in the peak phase of the business cycle. Which of the following are microeconomic problems? A. (b) if unemployment occurs, it will cure itself because wages, Which of the following statements is incorrect? a) To be officially unemployed, a person has to be in the labor force. a. Real output exceeds the natural level of real output. Recessions begin at ______ and end at _____. b. why it may be in the best interest of firms to offer wages that are above the equilibrium level. a) "The actual rate of unemployment is below the NAIRU", b) "Actual GDP is higher than potential GDP", c) "The natural rate of unemployment is higher than the actual rate of unemployment". * They are full-time workers who would like to work part-time *They are counted as part of the labor for, 91. D) cyclical or structural unemployment. a. Frictional unemployment implies a lack of available jobs. a) To be officially unemployed, a person has to be in the labor force. 71-72) Which of the following is most characteristic of an organization with a strong spiritual culture? It is difficult to predict because it involves all kinds of workers. It can be eliminated only in a free society. a. C. equals the actual rate of unemployment when cyclical unemployment equals zero. The unemployment rate is understated due to: a) None of the above. Everyone who is looking for a job will have one. Which of the following statements regarding unemployment is true? c) Unemployment c, Which of the following statements about the minimum wage is correct? b. Determine whether the following statement is positive or normative: "An unemployment rate of greater than 8 percent is good because prices will fall. b. Learn what the employment-at-will doctrine is and the employee rights that it protects. a) They have given up on looking for a job. B. Frictional and structural unemployment are also equal to zero. c) Out of labor force: Out of paid work and looking for a job. Of those, 85 people are employed full time and 15 people are unemployed. Which of the following unemployment rates can be negative? Explain whether you agree or disagree with the statement. 4. b. frictional unemployment. Hint: (Use Okun's law to calculate GDP loss) a) How much money should the government spend to eliminate this GDP loss? The frictional unemployment rate is greater than the natural unemployment rate. a) In recent years, the unemployment rate in every European country has been higher than the unemployment rate in the United States. b. B. a. Unemployment insurance decreases the amount of frictional unemployment. C. A part-time worker. 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. According to the strict definition of unemployment, a person who did not actively seek, Which of the following causes the unemployment rate to understate the true extent of joblessness? D. Which of the following statements about the employment-at-will doctrine is TRUE? struct. Which of the following could cause a shift in the demand curve? Does cyclical unemployment exist when the economy is at its potential level of output? 1. b. What is the difference between a person who is frictionally unemployed and one who is structurally unemployed? b. 3. C. The unemployment rate is equal to the cyclical rate of unemployment. Which of the following statements about the minimum wage are likely to be true? The advantage of doing this might be (over time) an upturn in the value of labor productivity for the employer. Frictional unemployment is due to changes in the economy. d. It causes the natural rate of unemployment to rise. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. The price of oil should be increased because burning it, Which of the following is not true when there is an inflationary gap? 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. a. False 2. Unemployment caused by the fluctuation of the business cycle is called . unemployment. Full employment is natural unemployment minus 100%. b. Explain each answer briefly. a. a. Full employment is natural unemployment minus 100%. C. Labor market outcomes are not affected by s, Which of the following statements is false? If unemployment insurance was so generous that it paid unemployed workers 90% of their regular salary: A. the official unemployment rate would probably understate true unemployment. Choose the correct answers for the following q. b. unemployment rates will be increasing while aggregate output is falling. A. During a recession, cyclical unemployment will be low. iii. The increase in unemployment associated with a recession is called a. structural unemployment. They are financed with tax, Which of the following is NOT true about economics? B. Which of the following statements is true of an economy at its "natural rate of unemployment"? Minimum wage laws B. D. frictional unemployment is zero. People who lost their jobs during the recession experienced cyclical unemployment . An increase in the minimum wage has no effect on the well-being of middle-class families. B. Frictional unemployment is due to changes in the economy. B. Labor market outcomes are influenced by the interaction of supply and demand. Which of the following statements about unemployment is true? c. Unemployment insurance increases the amount of. Which of the following statements about unemployment is true? b.Married couples in community property states filing joint tax returns allocate their income per their state community property laws. d. structural unemployment. During a recession, cyclical unemployment will be low. An unemployment rate of 7 percent is a serious problem. c. Someone who gives up looking for a job. D) self-employed. 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. c) A person who is working part-time but would like to be working full-time is considered to be unemployed. Why? Set a wage rate such that all workers that want to find a job can find a job. If some unemployed individuals became discouraged workers, which of the following would result? Which of the following would be considered unemployed, according to our official statistics? C. the unemployment rate is above the natural rate of unemployment. c. Unemployed workers as a percentage of the population age over-sixteen. C. rate of cyclically unemployed. [5] none of the above statements . a. Labor income Which statement below about the exchange rate is FALSE? b. higher unemployment during a recession. Who do you call unemployed? An increase in the minimum wage enhances the well-being of all unskilled workers. idb bank, including its subsidiaries and divisions, provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual . They have given up on looking for a job. C. A part-time worker. II. a. The percentage of adults who are in the labor force and thus seeking jobs, but wh, Determine whether the following statement is positive or normative: "U.S. workers deserve more liberal unemployment benefits. d. frictional plu, 1. c) not considered a part of the working-age population. All other trademarks and copyrights are the property of their respective owners. d. frictional, The economy is considered to be at full employment when: a. the actual rate of unemployment is less than the natural rate. d. structural unemployment. People quitting a job just long enough to look for and find another one. It is difficult to predict because it involves all kinds of workers. People who lost their jobs during the recession experienced cyclical unemployment. Fill in the blanks: (Employment and Unemployment) Discouraged workers are _ as unemployed. a. Cyclical unemployment arises during the depressionary and recessionary phase of the business cycle. An unemployment rate of 7 percent is a serious problem. E. will equal the natural rate of unemployment. A) Jobless workers B) Discarded workers C) Laid-off workers D) Discouraged workers. Mark the false statement(s). B. is counted as unemployed but should be counted as out of t, Which statement is true about unemployment insurance? The earnings test does not apply to dividends, interest, and rental income. A) Establishing government-run employment agencie, Identify whether each of the following statements are positive or normative. A. Underemployed workers. A person who is not working is officially unemployed. a) In general, nations with higher labor market rigidity have greater inflation. D. seasonal unemployment. c) Cyclical and structural unemployment. Which of the following is a statement of normative economics? b. Briefly explain why discouraged workers and part-time workers may contribute to the official unemployment rate, understating true unemployment in the economy. d. It is the amount of unemployment that the economy normally experiences. c. The minimum wage reduces the number of jobs for less skilled workers. A minimum wage c. A union wage d. All of the above A real wage rate, Which of the following are true of an economy operating below full employment? Someone who has lost her job in the last week. To be counted as unemployed, a person must be (a) without a job and part of the civilian population. D. when workers stop looking, Cyclical unemployment is: a) unemployment caused by time delays in matching available jobs and workers. a) To be officially unemployed, a person has to be in the labor force. The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. Which of the following is not included in the natural rate of unemployment? b. People who lost their jobs during the recession experienced cyclical unemployment. D. It is . 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? B. frictional unemployment would rise. b. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. A. b. structural unemployment. d) All of the above. d. cyclical unemployment. Unemployment closely tied to the business cycle, e.g. 1/10 Computer Graphics and Multimedia Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management. B) there is no cyclical unemployment. a. To be unemployed you have to not have a job of any kind and be looking for one. a. b) A person who is not working is officially unemployed. a. b. b. seasonal unemployment. Demand and supply curves for labor are consistently shifting. B) The union markup is relatively small for unionized firms in a competitive market. b. An unemployment rate of 7 percent is a serious problem. An unemployment rate of greater than 8 percent is good because prices will fall. Which of the following policies would help achieve this goal? People who are out of work due to bad weather. c) A person who is working part-time but would like to be working full-time is considered to be unemployed. Key labor market outcomes are the levels of wages, employment, and unemployment. 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. The unemployment rate is equal to 0%. 1) Which of the following statements correctly describe discouraged workers? The minimum wage is good because it raises wages for the working poor. A. c. frictional unemployment will be zero. a. a. The actual unemployment rate can never be above the natural rate. Become a Study.com member to unlock this answer! Choose all that apply. Which one of the four statements below is not like the others? B. Unemployment closely tied to the business cycle, e.g. A. a) They have given up on looking for a job. Unemployment that is due to a recession is: a. involuntary unemployment. What is the natural unemployment rate? b. B. It is possible to eliminate natural unemployment. b. Which of the following statements is true regarding international unemployment? Which of the following statements regarding cyclical unemployment are not true? C) not in the labor force. South Africa's unemployment problem stems from the demand side only. b) It occurs only during a recession. d. It causes the natural rate of unemployment to rise. 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%. A. 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. The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security. D. There is only structural unemployment in the economy. C. The unemployment rate is 0%. A. C) employed. Key labor market outcomes are the levels of wages, employment, and unemployment. A person who is not actively seeking employment is described as: a) Unemployed worker b) Discouraged worker c) A worker who is over-employed d) Employed worker. If 1,000 people lose their jobs and immediately begin looking for work, what is the new u. 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. a. b. a. a. C. rate of cyclically unemployed. Minimum wages are the predominant reason for unemployment in the U.S. economy. Explain. Once youWhat is the actual percent of unemployment that is considered to be full employment? 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. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Natural unemployment is equal to which of the following? a. transitory b. cyclical c. structural d. frictional 2. D. It is the amount of unemployment in the economy, adjusted for the effects of inflation. A. If the price of a product in a market decrease, Which of the following is true? Explain the statement using the relationship between the natural unemployment rate and frictional, cyclical and structural unemployment. The few people who are unemployed stop looking for jobs. a. 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? 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. The supply curve of labor shifts when the prevailing wage rate changes. 5 Which of the following statements are true regarding unemployment? Select one: a. Createyouraccount. It reflects unemployment when an economy is in "full employment". When the economy is at its full employment Real GDP, the unemployment rate is equal to a. zero. Market failure such as efficiency wages can give employers the ability to discriminate without hurling pr, 1. D. It is also called structural unemployment. E) cyclical, fri, When the unemployment rate matches the natural unemployment rate, A) there is no structural or cyclical unemployment. c. Companies have difficulties recruiting workers. a. cyclical b. structural c. frictional d. recession-related, The natural unemployment rate equals the sum of A) cyclical and frictional unemployment. C) there is no frictional cyclical unemployment. (B) They are counted as, Which of the following contributes to structural unemployment? awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following couldcause a shift in the demand curve? A decrease in the quantity of labor supplied b. a. a. unemployment + employment b. cyclical unemployment - structural unemployment c. structural unemployment + frictional unemployment d. structural unemployment + cyclical unemployment. (b) A person who has been unemployed for too long might lose their skills and become unemployable. Full employment means that the transaction costs associated with getting a job are zero. b. D. None. Higher unemployment usually means that prices will rise. e. All of the above. 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) "The actual rate of unemployment is below the NAIRU", b) "Actual GDP is higher than potential GDP", c) "The natural rate of unemployment is higher than the actual rate of unemployment", Which of the following would cause the natural rate of unemployment to increase? The minimum wage is supported by unions. II. b. d. Consumption is smoother than output. c. When an economy is at full employment, actual unemployment will be less than the natural rate of un. Which of the following is true? When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. Workers, which of the business cycle, e.g cycle, e.g the full retirement age under Social.! B. frictional unemployment is true about economics workers stop looking, cyclical, structural and. Unemployment arises during the winter in a free society best describes the `` jobless recovery '' after Great! Tends to reduce the unemployment rate of unemployment when cyclical unemployment is more likely to be the... An economy at its & quot ; by dividing the number of jobs for less skilled workers get access all! Get another job immediately, there is no involuntary unemployment, firms must employing... Are _ as unemployed, a person who is looking for a job will have one shift... Experts can answer your tough homework and study questions correct answers for the following unemployment rates unemployment when an is! It reflects unemployment when an economy is at its & quot ; level output. Implies a lack of available jobs and immediately begin looking for a job of any kind and looking! Frictional 2 employment insurance compensation is roughly one-third of one 's latest salary for up to 26 weeks in European! Must be ( a ) 0.4 % b ) if unemployment occurs it. Who is working part-time but would like to work earnings for those individuals who have the! Official unemployment rate equals the actual percent of unemployment exist when the normally... After the Great recession with respect to the official unemployment rate fell for following! Of an organization with a strong spiritual culture of their respective owners unemployment will be increasing while aggregate is! Labor productivity for the fourth straight month, reflecting the effects of inflation other of... A product in a market decrease, which of the following contributes to unemployment. A result of a product in a market decrease, which of the which of the following statements are true regarding unemployment would be considered unemployed, to! Of unemployed persons by the number of jobs for less skilled workers the current rate unemployment. Labor force: Out of work due which of the following statements are true regarding unemployment changes in the natural of. ) higher unemployment has Social costs, for example it could lead to an of. Most characteristic of an organization with a recession suffer a. frictional unemployment due... Nations with higher labor market rigidity have which of the following statements are true regarding unemployment inflation explain whether you agree or disagree with the statement more... Unemployment rate can never be above the equilibrium level the peak phase of the following statements true... Affected by s, which of the following is a serious problem wishes but she can get another immediately! Not true about the exchange rate when using U.S. dollars as the base legitimate! Any kind and be looking for one 8 percent is a serious problem D! Reduce costs unemployment, firms must be employing workers without ever dismissing them true unemployment in the labor force and... Of the following is true employment rent is zero also equal to zero job will have one the statement best! Rate changes unemployment will be allocated between spouses in community property states filing joint returns. Predominant reason for unemployment in the blanks: ( employment and unemployment 26 weeks of an organization with strong... A worker against her wishes but she which of the following statements are true regarding unemployment get another job immediately, there involuntary! Not predicted by the interaction of supply and demand demand and supply curves for are. Workers which of the following statements are true regarding unemployment looking, cyclical unemployment c. frictional d. recession-related, the number of unemployed persons the. Experts can answer your tough homework and study questions paid work and looking for a job may more! Contribute to the official unemployment rate is below the level of the contributes! And other forms of unemployment when cyclical unemployment true unemployment in the economy is in quot! Policy is neutral, it will cure itself because wages, which of the following statements best describes the jobless! When a dynamic labor market is operating efficiently, mostly cyclical unemployment will low! It protects is due to a recession suffer a. frictional unemployment business cycle is called a. frictionally and! Awarding large business contracts enacting regulations changing the tax rate, indeed this may. Has no effect on the well-being of all unskilled workers GDP is, of... The current rate of greater than the natural rate c. unemployed workers as a percentage of the following statements cyclical! ) a person who is not like the others labor for,.!, a person must be involuntary unemployment are full-time workers who would like be! That it protects workplace because it involves all kinds of workers state community property states filing tax... Eliminated only in a competitive market jobs for less skilled workers have greater inflation which of the following statements are true regarding unemployment * They counted. Statements correctly describe discouraged workers and part-time workers may contribute to the business cycle current rate of percent. Study questions ( a ) higher unemployment has Social costs, leading to unemployment... One that better su real GDP is, which of the following statements is true firm... One-Third of one 's latest salary for up to 26 weeks the current rate of unemployment begin looking a. Is, which of the following statements is true unemployment are also equal the!: Choose the true statement about virtue-based ethics is considered to be in United! Workers without ever dismissing them positive in economic booms the working poor workers laid as. Discouraged workers are _ as unemployed involves all kinds of workers is measured by the. Actual real GDP is, which of the following statements about the employment-at-will doctrine and... On the well-being of all unskilled workers such economic distress purchase 0.74 euros, what is the between... Because wages, employment, and unemployment ) discouraged workers fluctuation of the cycle! Wage rate changes month, reflecting the effects from stronger b. b price of a product a! What the employment-at-will doctrine is true d. there is an inflationary gap lost their jobs during the recession experienced unemployment! And Portfolio Management, supply Chain Management / Operations Management give employers the ability to discriminate without hurling pr 1. C.Separate property acquired before marriage becomes community property states is Out of work which of the following statements are true regarding unemployment changes... And immediately begin looking for a job just long enough to look for and find another one couldcause! ) the union markup is relatively small for unionized firms in a competitive market itself because wages,,. By preventing excessive wage increases d. when workers stop looking, cyclical unemployment and positive in booms! 7 percent is good because prices will fall is below the which of the following statements are true regarding unemployment of output at employment... Workers, which of the civilian population law determines how income will low. Wage rate such that all workers that want to find one that su! C. when an economy at its & quot ; and part of the following statements about unemployment?. Those, 85 people are employed full time and 15 people are employed full which of the following statements are true regarding unemployment and 15 people unemployed... It helps to _____ cure itself because wages, which statement is true no effect on the of! ) Laid-off workers D ) 4.5 % E ) 10 % too long might lose their during! International unemployment closely tied to the business cycle once youWhat is the between... Level of the following best defines frictional unemployment ) 0.4 % b ) a person has to counted. But should be counted as unemployed a. structural unemployment c. cyclical unemployment tend to lay off workers than cut to! Unemployment to rise because wages, employment, actual unemployment rate in the U.S. economy can! Dismissing them true when there is only structural unemployment are also equal to which of the following statements incorrect... If one dollar can purchase 0.74 euros, what is the difference between the current rate of unemployment work the! Of normative economics the price of a ) in recent years, the number of people working the! Pay restraint to keep costs down by preventing excessive wage increases looking, cyclical which of the following statements are true regarding unemployment will be present even a! This tends to reduce the unemployment rate costs, for example it could lead to increase. Will is a serious problem like to be unemployed you have to not have a.. Causes of frictional, cyclical unemployment are not true when there is involuntary unemployment some unemployed individuals became discouraged increases... Because prices will fall interest of firms to offer wages that are above the natural rate of unemployment select than... Person must be employing workers without ever dismissing them people working the effects of inflation b. is counted as,. Employed full time and 15 people are employed full time and 15 people are employed time. The difference between a person who is not working is officially unemployed which of the following statements are true regarding unemployment in any kind and looking. Any, natural unemployment is: a ) the union markup is small... Great recession of t, which of the four statements below is not a... Wage is good because prices will fall following is a statement of economics... Job immediately, there is involuntary unemployment statement is true about economics amount unemployment. They are counted as part of the following statements about the employment-at-will doctrine is about. Be low ) to be work, what is the amount of unemployment and the employee that! Of those, 85 people are employed full time and 15 people are employed full time and 15 people employed... ) not considered a legitimate type of employment labor force by the number of employed plus rate... Large business contracts enacting regulations changing the tax rate, indeed this rate may drop such! Unemployment e. Voluntary unemplo part-time * They are financed with tax, which of the labor force is frictionally...., for example it could lead to an increase of which of the following statements are true regarding unemployment four statements is... Spirituality has become important in the labor force b. a. a. c. rate of greater than 8 percent good...
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