QUESTION 29 The type of unemployment that fluctuates with the 'ups and downs' of the economy is called O a. Equilibrium unemployment. O b. Structural unemployment. O c. Cyclical unemployment. O d. Frictional unemployment.

QUESTION 29 The type of unemployment that fluctuates with the 'ups and downs' of the economy is called O a. Equilibrium unemployment. O b. Structural unemployment. O c. Cyclical unemployment. O d. Frictional unemployment.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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When the economy is at full employment, which types of unemployment remain? A. frictional and cyclical B. frictional and structural C. cyclical and structural D. None of the above. Full employment means that there is no unemployment, so the unemployment rate would be zero. The "normal" underlying level of unemployment in the economy is O A. the sum of structural unemployment and frictional unemployment. B. the natural rate of unemployment. C. the full-employment rate of unemployment. O D. All of the above.
In 2014, some European countries were dealing with a recession. Workers who were laid off in those countries due to the economic downturn would be Select one: O a. seasonally unemployed. O b. structurally unemployed. O c frictionally unemployed. O d. cyclically unemployed.
QUESTION 5 A worker who loses a job at a call center because the company moved the call center operations to another country is an example of O a. frictional unemployment. O b. structural unemployment. Oc. cyclical unemployment. O d. disguised unemployment.
Which of the following statements are true? Select one or more: O a. Someone is counted as unemployed if they do not have a job. O b. The participation rate is the (employed/labour force) x 100. Oc. The unemployment rate is (unemployed/labour force) x 100. O d. The unemployment rate is (unemployed/population of working age) x 100. F
Question 30 Frictional unemployment is a) unemployment caused by economic downturns. b) unemployment caused by changes in the industrial makeup of an economy. when a worker stops looking for a job because he or she feels no job is available. O d) not one of the three types of unemployment. e) unemployment caused by time delays in matching available jobs and workers.
Question 33 One shortcoming of the official unemployment rate is that it a) is unreliable because it is easily manipulated by the government. b) accounts for underemployed workers and marginally attached workers. Oc) is very stable through recessions and is unreliable as an economic indicator. O d) includes only workers who have no jobs and are actively seeking work. O e) only indicates the length of unemployment.
2 K 13 n 14 on 15 tion 16 estion 17 gestion 18 Question 19 Suppose you are given the following information about a country: What is the total unemployment rate for this country?% (Enter your response as a percentage rounded to two decimal places) Type here to search 13 O Frictional unemployment rate Seasonal unemployment rate Cyclical unemployment rate Structural unemployment rate 1.41% 0% 2.21% 4.32%
Question 35 Which of the following statements about historical unemployment rate is true? Since 1960, the average unemployment rate in the United States has been about 6%. Since 1960, the average unemployment rate in the United States has been about 10%. Since 1960, the average unemployment rate in the United States has been about 2%. O d) The unemployment rate in the United States is always above 5%. O e) The unemployment rate in the United States has never fallen below 6%.
Sheamous loses his job and decides to sit on the beach rather than look for work during the next few months.Other things the same, the unemployment rate Select one: O a. and the labor-force participation rate are both unaffected. O b. is unaffected and the labor-force participation rate decreases. O c. increases and the labor-force participation rate decreases. O d. increases and the labor-force participation rate is unaffected.
The graph refers to a large increase in gasoline prices. Price Level P₂ P1 Which of the following is likely to result? O a rise in inflation Y2 Y1 O long run economic gains O short run economic gains O natural rate of unemployment remains constant AS AS AD Real National Income
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Suppose the economy of Mistania has an adult population of 600 million people. 43 million workers are unemployed and 437 millions are employed. What is the labor force? ← OBelow the Natural Rate of Unemployment OAt the Natural Rate of Unemployment OAbove the Natural Rate of Unemployment million What is the unemployment rate? Indicate how the unemployment rate in Mistania compares to the Natural Rate of Unemployment. %