Severe unemployment is socially catastrophic. Mark all items below that can occur due to unemployment.
Increased Spending
Increased work hours for other family members
Increased Savings
Uninterrupted schooling
Increased Stress
Postponed medical care
Utilities cut off
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Question 51 pts
What years was the unemployment rate equal to or great than 10%?
1929-1933, 1937-1938, 1981-1982, 2007-2009
1928-1932, 1936-1937, 1980-1981, 2008-2010
1929-1933, 1936-1937, 1980-1981, 2007-2009
1928-1930, 1937-1938, 1981-1982, 2008-2010
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Question 61 pts
The unemployment rate is understated due to:
None of the above.
Part-time workers being counted as unemployed
Discouraged workers not counted in the labor force
Underemployed workers being counted an unemployed
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Question 71 pts
True or False. The Labor force participation rate is the percentage of adults in an economy who are either employed or who are unemployed and looking for a job.
True
False
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Question 81 pts
True or False. The Bureau of Labor Statistics reports the percentage of labor force unemployed utilizing the current population survey.
True
False
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Question 91 pts
Mark all that apply. Over time the unemployment rate.....
does not fluctuate over time
an upward or downward trend in unemployment rates is apparent
never falls all the way to zero
the timing of rises and falls in unemployment do not match the timing of upswings and downswings in the overall economy
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Question 101 pts
According to the graphs presented by the author in this chapter, which group had the highest unemployment rate in 2010?
Hispanic
Black
Asian
Whites
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Question 111 pts
According to the information presented by the author in this chapter, which group had the highest unemployment rate in 2015?
New entrants
Re-entrants
Job Losers: non-temporary
Job Leavers
Job Losers: temporary
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Question 121 pts
According to the information presented by the author in this chapter, which group had the highest unemployment rate in 2015?
5 to 14 weeks
Over 27 weeks
15-26 weeks
Under 5 weeks
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Question 131 pts
True or False. An international comparison of unemployment rates across countries can be easily accomplished.
True
False
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Question 141 pts
Mark all that apply. Wages are sticky downward due to:
Implicit contract
Insider-outsider model
Efficiency Wage Theory
Adverse selection of wage cuts argument
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Question 151 pts
Match the word to the correct definition.
Cyclical
[ Choose ] unemployment that occurs as workers move between jobs unemployment that occurs because individuals lack skills valued by employers or the Geographic distribution of jobs changes unemployment closely tied to the business cycle, like higher unemployment during a recession
Frictional
[ Choose ] unemployment that occurs as workers move between jobs unemployment that occurs because individuals lack skills valued by employers or the Geographic distribution of jobs changes unemployment closely tied to the business cycle, like higher unemployment during a recession
Structural
[ Choose ] unemployment that occurs as workers move between jobs unemployment that occurs because individuals lack skills valued by employers or the Geographic distribution of jobs changes unemployment closely tied to the business cycle, like higher unemployment during a recession
Flag this Question
Question 161 pts
A financial analyst who quits his/her job in Chicago and is pursuing similar work in Arizona. What type of unemployment occurred?
Structural
Cyclical
Frictional
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Question 171 pts
True or False. With productivity low, average levels of unemployment will tend to be somewhat higher on average.
True
False
Flag this Question
Question 181 pts
True or False. Unemployment benefits in the United States are only federally controlled.
True
False
Flag this Question
Question 191 pts
True or False. The natural rate of unemployment will never be zero due to cyclical and frictional unemployment.
True
False
Flag this Question
Question 201 pts
True or False. Public policies to assist the unemployed as it relates to the supply side of the labor market affect how eager people are to find work
True
False
Severe unemployment is socially catastrophic. Mark all items below that can occur due to unemployment.
Increased Spending |
Increased work hours for other family members |
Increased Savings |
Uninterrupted schooling |
Increased Stress |
Postponed medical care |
Utilities cut off |
Flag this Question
Question 51 pts
What years was the unemployment rate equal to or great than 10%?
1929-1933, 1937-1938, 1981-1982, 2007-2009 |
1928-1932, 1936-1937, 1980-1981, 2008-2010 |
1929-1933, 1936-1937, 1980-1981, 2007-2009 |
1928-1930, 1937-1938, 1981-1982, 2008-2010 |
Flag this Question
Question 61 pts
The unemployment rate is understated due to:
None of the above. |
Part-time workers being counted as unemployed |
Discouraged workers not counted in the labor force |
Underemployed workers being counted an unemployed |
Flag this Question
Question 71 pts
True or False. The Labor force participation rate is the percentage of adults in an economy who are either employed or who are unemployed and looking for a job.
True |
False |
Flag this Question
Question 81 pts
True or False. The Bureau of Labor Statistics reports the percentage of labor force unemployed utilizing the current population survey.
True |
False |
Flag this Question
Question 91 pts
Mark all that apply. Over time the unemployment rate.....
does not fluctuate over time |
an upward or downward trend in unemployment rates is apparent |
never falls all the way to zero |
the timing of rises and falls in unemployment do not match the timing of upswings and downswings in the overall economy |
Flag this Question
Question 101 pts
According to the graphs presented by the author in this chapter, which group had the highest unemployment rate in 2010?
Hispanic |
Black |
Asian |
Whites |
Flag this Question
Question 111 pts
According to the information presented by the author in this chapter, which group had the highest unemployment rate in 2015?
New entrants |
Re-entrants |
Job Losers: non-temporary |
Job Leavers |
Job Losers: temporary |
Flag this Question
Question 121 pts
According to the information presented by the author in this chapter, which group had the highest unemployment rate in 2015?
5 to 14 weeks |
Over 27 weeks |
15-26 weeks |
Under 5 weeks |
Flag this Question
Question 131 pts
True or False. An international comparison of unemployment rates across countries can be easily accomplished.
True |
False |
Flag this Question
Question 141 pts
Mark all that apply. Wages are sticky downward due to:
Implicit contract |
Insider-outsider model |
Efficiency Wage Theory |
Adverse selection of wage cuts argument |
Flag this Question
Question 151 pts
Match the word to the correct definition.
Cyclical
[ Choose ] unemployment that occurs as workers move between jobs unemployment that occurs because individuals lack skills valued by employers or the Geographic distribution of jobs changes unemployment closely tied to the business cycle, like higher unemployment during a recession
Frictional
[ Choose ] unemployment that occurs as workers move between jobs unemployment that occurs because individuals lack skills valued by employers or the Geographic distribution of jobs changes unemployment closely tied to the business cycle, like higher unemployment during a recession
Structural
[ Choose ] unemployment that occurs as workers move between jobs unemployment that occurs because individuals lack skills valued by employers or the Geographic distribution of jobs changes unemployment closely tied to the business cycle, like higher unemployment during a recession
Flag this Question
Question 161 pts
A financial analyst who quits his/her job in Chicago and is pursuing similar work in Arizona. What type of unemployment occurred?
Structural |
Cyclical |
Frictional |
Flag this Question
Question 171 pts
True or False. With productivity low, average levels of unemployment will tend to be somewhat higher on average.
True |
False |
Flag this Question
Question 181 pts
True or False. Unemployment benefits in the United States are only federally controlled.
True |
False |
Flag this Question
Question 191 pts
True or False. The natural rate of unemployment will never be zero due to cyclical and frictional unemployment.
True |
False |
Flag this Question
Question 201 pts
True or False. Public policies to assist the unemployed as it relates to the supply side of the labor market affect how eager people are to find work
True |
False |