A) workers often need to update their skills.
B) workers take time to decide which job is best for them.
C) firms often lay off workers due to economic recession.
D) the unemployment rate is too low.
E) there are often changes in the industrial makeup of an economy.
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A) jobs.
B) price levels.
C) firm structures.
D) unemployment.
E) economic models.
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A) Since 1948, the percentage of men participating in the labor force has increased.
B) Since 1948, the percentage of women participating in the labor force has decreased.
C) Since 1948, the percentage of men participating in the labor force has decreased.
D) Since 1948, the percentage of women participating in the labor force has remained the same.
E) Since 1948, the labor force participation gap between males and females has risen.
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A) 268 million.
B) 148 million.
C) 120 million.
D) 316 million.
E) 55.2 million.
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A) stayed constant.
B) fallen by almost 50%.
C) risen by almost 50%.
D) risen by almost 90%.
E) fallen by only 10%.
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a. 13.2%
b...View Answer
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b...
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A) if most unemployment is long term, we might not be as concerned with higher unemployment because unemployment will consist mostly of structural unemployment.
B) if most unemployment is short term, we might not be as concerned with a higher unemployment rate, because this indicates that the unemployment is a temporary situation, rather than a long-term problem.
C) if most unemployment is short term, the government can easily reduce the unemployment rate through government programs.
D) the length of unemployment dictates the official unemployment rate.
E) if most unemployment is short term, we might be concerned that businesses are quickly laying off workers.
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A) unemployment is a macroeconomic topic.
B) unemployment is important to the economy.
C) as a nation, we should aim for zero unemployment.
D) the unemployment rate does not tell the whole story about the employment situation.
E) discouraged workers are not included in the official unemployment rate.
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A) unemployment caused by time delays in matching available jobs with workers.
B) unemployment caused by changes in the industrial makeup of an economy.
C) unemployment caused by economic downturns.
D) when a worker stop looking for a job because he feels no job is available for him.
E) not one of the three types of unemployment.
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A) unemployed.
B) a discouraged worker.
C) overemployed.
D) underpaid.
E) underemployed.
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A) providing unemployment benefits.
B) establishing government regulations on hiring employees.
C) subsidizing the relocation of workers who lose their jobs.
D) instituting a minimum-wage law.
E) incentivizing companies to move their production overseas.
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A) this alternate measure is much lower than the official unemployment rate.
B) the difference between this alternate measure and the official unemployment rate increases significantly during economic expansions.
C) this alternate measure is the same as the official unemployment rate.
D) this alternate measure is much higher than the official unemployment rate.
E) this alternate measure is not useful in studying the macroeconomy.
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A) the average of frictional, structural, and cyclical unemployment.
B) the sum of frictional, structural, and cyclical unemployment.
C) the sum of frictional and cyclical unemployment.
D) the sum of structural and cyclical unemployment.
E) the sum of structural and frictional unemployment.
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A) Unemployment rates across races are very similar.
B) Unemployment rates across ages are very similar.
C) Unemployment rates vary widely between the sexes.
D) Unemployment rates vary widely across age and race.
E) The official unemployment rate includes discouraged workers.
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A) the 1920s
B) the 1930s
C) the 1940s
D) the 1910s
E) the 1950s
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A) it is very stable through recessions and is unreliable as an economic indicator.
B) it includes only workers who have no job and are actively seeking work.
C) it accounts for underemployed workers and discouraged workers.
D) it only indicates the length of unemployment.
E) it is unreliable because it is easily manipulated by the government.
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The unemployment rate spikes up during t...View Answer
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Mr. Jones should not use this slogan. A ...View Answer
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A) the unemployment rate declines.
B) the unemployment rate rises.
C) household income rises.
D) output rises.
E) real gross domestic product (GDP) rises.
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A) 64.2%.
B) 68.4%.
C) 35.8%.
D) 31.6%.
E) 6.1%.
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