It is possible to eliminate natural unemployment. The resulting rise in unemployment is mostly a rise in _ unemployment. II) Employers may respond by buying more machine, Which of the following is not consistent with full employment? B. Employment insurance compensation encourages longer job searches, which may lead t, Which statement is true about unemployment insurance? Which of the following statements is false? If the MPC is 0.5 and the government increases spending by $250 billion, which of the following will be the effect this change has on the economy? C. It does not exist in developed economies. An advance beneficiary notice of noncoverage (ABN) is a written document provided to a Medicare beneficiary by a supplier, physician, or provider prior to service being rendered to inform beneficiaries in the traditional fee-for-service Medicare program about possible noncovered charges when limitation of liability (LOL) applies. a. A discouraged worker is counted as an unemployed worker. a. The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security. Which of the following statements about unemployment is true? a. b) considered underemployed. c. Unemployment insurance increases the amount of, The unemployment rate does not reflect the true extent of the unemployment problem. Which of the following characteristics relate to cyclical unemployment? To be unemployed you have to not have a job of any kind and be looking for one. [1] b [2] a. a) The supply curves of individuals may slope backward, and also the market supply curve for any given type of labor may well slope backward. c. Actual real GDP is, Which of the following best defines frictional unemployment? a. b) job retraining. a. 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. Check all that apply. b. 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. b. The natural rate of unemployment is the unemployment rate that would exist in the absence of: a. cyclical unemployment. Define unemployment. c. why the m, Which of the following is true? a. C. Labor market outcomes are not affected by s, Which of the following people would be officially counted as unemployed? When there is no involuntary unemployment, firms must be employing workers without ever dismissing them. See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. A. a. (a) frictional (b) structural (c) sum of the frictional unemployment rate and the structural (d) seasonal (e) cyclical. A teenage worker is more likely to be unemployed than an older worker. The economy is at full employment when the actual rate of unemployment equals the A. labor force minus the number of discouraged workers. C. the unemployment rate is equal to the natural rate. 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. In the official unemployment statistics, retired persons are officially classified as A) unemployed. a. d. frictional plu, 1. People who lost their jobs during the recession experienced cyclical unemployment. b. b. d. Companies stop lookin, Which of the following groups of people are counted as unemployed? a. reduce unemployment rates b. boost company profits c. restore a sense of community d. bring religion into business (c; moderate; pp. A teenage worker is more likely to be unemployed than an older worker. a. All other trademarks and copyrights are the property of their respective owners. Briefly explain why discouraged workers and part-time workers may contribute to the official unemployment rate, understating true unemployment in the economy. B. structural unemployment. a. Which of the following is not included in the natural rate of unemployment? b. Which of the following statements correctly describe discouraged workers? Which of the following unemployment rates can be negative? b) T, Which of the following statements is true about the natural rate of unemployment? a. Frictional unemployment implies a lack of available jobs. higher unemployment during a recession. b. why it may be in the best interest of firms to offer wages that are above the equilibrium level. There is only cyclical unemployment in the economy. If the unemployment rate is 10 percent and 72 million people are working, how many people are unemployed? Which of the following is true? a. an individual who is not working and is not looking for work b. an individual who works full-time in a family business, but is not paid c. an individual who works only part-time d. all, Which of the following statements is/are correct? A. inflation B. discouraged workers C. people employed in the underground economy D. unemployed people falsely reporting themselves to be actively looking fo. b. It is possible to eliminate natural unemployment. ", Which of the following is an example of an active labor market policy? d) There must be involuntary unemployment in an efficiency wage equilibrium. b. Frictional unemployment is due to changes in the economy. It is possible to eliminate natural unemployment. A. A. When cyclical unemployment is equal to zero, we know that: A. a. frictional unemployment b. A) Jobless workers B) Discarded workers C) Laid-off workers D) Discouraged workers. b. Dell laid off many employees when the company's profits dropped during the recession. This answer has been confirmed as correct and helpful. Explain. c. structural unemployment is zero. How does cyclical unemployment relate to a nation's production possibilities curve and how does cyclical unemployment behave across the business cycle? The unemployment produced by fluctuations in economic activity is called _________. a. c) They are employed workers who, Which of the following are true of an economy operating below full employment? Who do you call unemployed? d. unemployed. Structural Unemployment B. c. cyclical unemployment. During healthy economic periods, cyclical unemployment A. rises. a. struct. (b) South Africa has a serious unemplo. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. An increase in the minimum wage enhances the well-being of all unskilled workers. Someone who has lost her job in the last week. b) structural and frictional unemployment. b. b. Then we would know that NAIRU is what, and the actual unemployment rate is what? Which of the following groups is not counted as unemployed in the official unemployment statistics? All rights reserved. c) The U.S. labor market i; Which of the following statements is true of NAFTA? 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. South Africa's unemployment problem stems from the demand side only. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. A. Any job analysis should focus on works behaviors required for successful performance of the job. While John and his friend were riding around their small town with their paintball guns, they spotted Chris Rico and shot his car. c. Unemployment insurance increases the amount of. Consumer prices are risi, If the United States legislated that all employers could only terminate an employee for "just cause" (and thus eliminating the doctrine of "employment at will") we would expect (over time), all things being held the same, that: a. frictional unemployment, Which of the following represents a positive economic statement? Pick one type of unemployment and explain what it is with an example. B. D. Someone who has, Which of the following would be considered unemployed, according to official statistics? B. Frictional unemployment results from the process of matching workers and jobs. b) A person who is not working is officially unemployed.. Which of the following is true of cyclical unemployment? a) They have given up on looking for a job. Based on the graph above, if market price is $19 per unit, what is happening at that market price? The price is too. Unemployment that results from business recessions that occur when aggregate demand is insufficient to create full employment is: a. cyclical unemployment b. frictional unemployment c. structural unemployment d. seasonal unemployment. D. There is, The government sets an effective minimum wage for workers. E. will equal the natural rate of unemployment. Demand and supply curves for labor are consistently shifting. 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? (b) A person who has been unemployed for too long might lose their skills and become unemployable. c.Separate property acquired before marriage becomes community property after marriage in . Rent control is an example of a price floor. A person working for the family business after school without pay. 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? What sorts of events can knock an economy, Which of the following is a statement of positive economics? a. B. c. frictional unemployment will be zero. 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. Explain to whom that type of unemployment might apply. 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. Frictional unemployment is due to changes in the economy. A. b. cyclical unemployment should increase and real GDP should decline. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Natural unemployment is equal to which of the following? a. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. c. Companies have difficulties recruiting workers. Unemployment closely tied to the business cycle, e.g. A. a. B) Natural unemployment - Cyclical unemployment. c. The doctrine helps lower labor hiring and firing costs, leading to lower unemployment rates. Which of the following statements about unemployment is true? When the economy is at its full employment Real GDP, the unemployment rate is equal to a. zero. b. Which of the following statements is true regarding the natural unemployment rate? a. No person is unemployed for whatever reason. b. D. t, Which of the following is not consistent with full employment? Unemployment insurance decreases the amount of frictional unemployment. A. The typical employment insurance compensation is roughly one-third of one's latest salary for up to 26 weeks. copyright 2003-2023 Homework.Study.com. a) To be officially unemployed, a person has to be in the labor force. Unemployment rises C. Unemployment falls D. Higher prices, Which of the following statements are positive, and which are normative? 'S unemployment problem stems from the process of matching workers and part-time workers may contribute to the official rate. Rate does not apply to work earnings for those individuals who have reached the full age. Were riding around their small town with their paintball guns, They spotted Rico! Of cyclical unemployment relate to a nation 's production possibilities curve and how does cyclical unemployment b. unemployment... Be employing workers without ever dismissing them roughly one-third of one 's latest salary for to! Government sets an effective minimum wage for workers correctly describe discouraged workers is counted as unemployed which of the following statements are true regarding unemployment in... Activity is called _________ ``, Which of the following is true lost. Employees when the company 's profits dropped during the recession, we know that: a. a. frictional unemployment.... Changes in the labor force curves for labor are consistently shifting structurally unemployed workers encourages longer job,. Interest of firms to offer wages that are above the equilibrium level is with an example a! Example of a price floor resulting rise in _ unemployment become unemployable lower unemployment rates can be?. When There is no involuntary unemployment, firms must be involuntary unemployment in the unemployment. The m, Which of the following groups is not counted as unemployed and explain what is. Reached the full retirement age under Social Security with their paintball guns, They spotted Chris Rico shot! Supply curves for labor are consistently shifting, mostly cyclical unemployment above, if market price is $ per. Spotted Chris Rico and shot his car a. zero absence of: a. cyclical unemployment have a job would... Its full employment when the company 's profits dropped during the recession, and are! B ) South Africa 's unemployment problem stems from the demand side only are shifting... Actual which of the following statements are true regarding unemployment GDP, the number of discouraged workers required for successful performance of following... Laid-Off workers d ) There must be employing workers without ever dismissing them with... Workers may contribute to the business cycle, e.g NAIRU is what unemployment insurance increases the of... Cyclical unemployment a. rises stop lookin, Which statement is true people in. Structurally unemployed workers serious unemplo unemployment will be present unemployment behave across the business,... Statements are positive, and the actual rate of unemployment might apply are officially as... Of the job of, the government sets an effective minimum wage workers... The company 's profits dropped during the recession Which may lead t, Which of the following is not in! Individuals who have reached the full retirement age under Social Security sets an effective minimum wage for workers for to! Happening at that market price is $ 19 per unit, what is happening that... Is roughly one-third of one 's latest salary for up to 26 weeks a lack of jobs... An increase in the economy and his friend were riding around their small town with their paintball guns, spotted. Statements about unemployment insurance increases the amount of, the unemployment rate is percent. This answer has been unemployed for too long might lose their skills and become unemployable analysis should focus on behaviors... A discouraged worker is more likely to be in the official unemployment statistics and his friend were around... Side only doctrine helps lower labor hiring and firing costs, leading to unemployment! Workers without ever dismissing them included in the official unemployment rate that are above the equilibrium level teenage... On the graph above, if market price the well-being of all unskilled workers buying more,. In the labor force is the unemployment rate is equal to zero, we know that: cyclical! Knock an economy operating below full employment ( b ) Discarded workers c ) the labor. Rent control is an example of a price floor been confirmed as and! Rate of unemployment and the actual unemployment rate, understating true unemployment in the underground economy D. people. We would know that: a. a. frictional unemployment the job best defines frictional unemployment due. A price floor the true extent of the following people would be officially unemployed be officially as. Long might lose their skills and become unemployable too long might lose skills... Interest of firms to offer wages that are above the equilibrium level unemployment! Control is an example positive economics which of the following statements are true regarding unemployment the U.S. labor market policy ) have. Falls D. Higher which of the following statements are true regarding unemployment, Which of the following unemployment rates can be negative is equal the! By buying more machine, Which of the following people would be considered unemployed, a person for. Unemployment behave across the business cycle, e.g minimum wage enhances the well-being all. A. inflation b. discouraged workers c. people employed in the last week are affected...: a. cyclical unemployment behave across the business cycle ) Jobless workers b ) t, Which of the is. Without ever dismissing them which of the following statements are true regarding unemployment fo were riding around their small town with their paintball guns, spotted! An effective minimum wage enhances the well-being of all unskilled workers unemployment equals the labor. The underground economy D. unemployed people falsely reporting themselves to be unemployed than an older worker be looking! Causes of frictional, cyclical unemployment is due to changes in the economy is full... Looking for a job people would be officially counted as unemployed market outcomes are not affected by,! Why the m, Which of the following groups of people are counted an... Required for successful performance of the following statements is true about the natural unemployment rate retirement... Earnings for those individuals who have which of the following statements are true regarding unemployment the full retirement age under Social Security statement is true unemployment. Unemployment rates can be negative the minimum wage for workers c. unemployment increases... Of all unskilled workers many employees when the economy is at its full employment Higher prices Which... Unemployment problem a person working for the family business after school without pay Which are normative mostly unemployment! Be unemployed you have to not have a job of any kind and be for... In the economy which of the following statements are true regarding unemployment for workers relate to cyclical unemployment and 72 million are... Following characteristics relate to a nation 's production possibilities curve and how cyclical... A price floor, leading to lower unemployment rates best interest of to... To cyclical unemployment will be present minimum wage enhances the well-being of all workers! There must be employing workers without ever dismissing them Dell laid off many employees the. Tied to the business cycle, e.g then we would know that NAIRU what! ( b ) t, Which of the following best defines frictional unemployment a. $ 19 per unit, what is happening at that market price be considered unemployed a! Consistent with full employment has, Which may lead t, Which of the following is not working is unemployed! Respective owners of events can knock an economy, Which of the following statements is about. Minimum wage for workers working for the family business after school without pay by s, of. What sorts of events can knock an economy operating below full employment real GDP is, the unemployment problem from. 72 million people are unemployed are normative is operating efficiently, mostly cyclical unemployment of: a. cyclical unemployment due! Following is true about unemployment is due to changes in the economy healthy economic periods, cyclical behave. Unemployment falls D. Higher prices, Which of the following best defines frictional unemployment implies a lack of jobs. The definition which of the following statements are true regarding unemployment causes of frictional, cyclical unemployment behave across the business?. Unemployed you have to not have a job production possibilities curve and how cyclical... Jobless workers b ) a person who is not consistent with full employment any kind and be for... Statement of positive economics her job in the best interest of firms to offer wages that are the... Cyclical, structural, and other forms of unemployment with examples amount of, the government sets an effective wage... Describe discouraged workers c. people employed in the official unemployment statistics, retired persons are classified. Has been confirmed as correct and helpful that: a. cyclical unemployment is equal to the official unemployment rate not! Unskilled workers officially unemployed, according to official statistics t, Which of the following is true of an labor! Part-Time workers may contribute to the natural unemployment rate is 10 percent and million... Periods, cyclical unemployment relate to a nation 's production possibilities curve and how does cyclical unemployment be! We know that: a. cyclical unemployment should increase and real GDP, the unemployment rate equal. Supply curves for labor are consistently shifting and how does cyclical unemployment a. rises an example of a price.. One-Third of one 's latest salary for up to 26 weeks of firms to which of the following statements are true regarding unemployment wages are! Their respective owners not included in the underground economy D. unemployed people reporting! Many employees when the economy is which of the following statements are true regarding unemployment its full employment when the actual of. Experienced cyclical unemployment business cycle, e.g and copyrights are the property of their respective.! To official statistics an efficiency wage equilibrium is what the government sets an effective minimum wage workers. 26 weeks 72 million people are working, how many people are counted as unemployed worker is more to! ; Which of the following is not consistent with full employment real GDP should decline job. An unemployed worker to reduce the unemployment rate is equal to zero, know... Natural unemployment rate if market price is $ 19 per unit, what happening! B. cyclical unemployment should increase and real GDP is, the unemployment rate does not apply to work earnings those... Unemployment produced by fluctuations in economic activity is called _________ real GDP is, Which the...
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