Question 1 1 pts

Full employment is the rate of employment that results when:

all the labor resources of the economy are employed full time.

cyclical unemployment has reached its maximum.

everybody who wants a job can find one.

only frictional and structural unemployment are present.

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Question 2 1 pts

Alex LeVert, a housewife in Humble, Texas says she is neither gainfully employed nor looking for work, according to the BLS, how would she be counted?

considered retired.

counted as unemployed.

considered reemployable.

counted as a member of the labor force.

not counted as a member of the labor force.

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Question 3 1 pts

Shawn Mitchell lost her job when her company went bankrupt 5 months ago. She would take a job if one was offered, but she has given up looking for work until the economy improves. She is:

a member of the civilian labor force who is employed.

cyclically unemployed.

a member of the civilian labor force who is underemployed.

a discouraged worker who is not a member of the labor force.

now structurally unemployable.

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Question 4 1 pts

One problem with the unemployment rate is that:

it includes discouraged workers.

it underestimates the unemployment rate.

underemployment is measured in the calculation.

all of these are problems.

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Question 5 1 pts

Category	# of Individuals
Frictional unemployment	20
Structural unemployment	35
Cyclical unemployment	60
Discouraged workers	5
Underemployed workers	10
Fully employed workers	410
Population	900

What is the unemployment rate?

28 percent.

30.5 percent.

31.7 percent.

12.8 percent.

21.5 percent.

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Question 6 1 pts

Category	Workers
Frictional unemployment	250
Structural unemployment	350
Cyclical unemployment	600
Discouraged workers	400
Underemployment	450

The number of unemployed people in this economy is

600

1,200

1,800

1,000

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Question 7 1 pts

A mismatch of the skills of unemployed workers and the skills required for existing jobs is defined as:

involuntary unemployment.

cyclical unemployment.

structural unemployment.

frictional unemployment.

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Question 8 1 pts

The number of people officially unemployed is not the same as the number of people who can't find a job because:

people who have jobs continue to look for better ones.

the armed forces is included.

discouraged workers are not counted.

none of the above.

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Question 9 1 pts

The civilian labor force consists of all the:

people in the economy who are not retired.

people in the economy over 16 years of age.

adults in the economy between 18 and 65 years old who are able to work.

noninstitutionalized adults in the economy who hold jobs or are looking for them.

citizens in the economy who are graduates of high school.

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Question 10 1 pts

Cyclical unemployment is caused by:

shifts in the job skills required in the economy.

seasonal layoffs.

declines in real GDP.

cyclical changes in the job skills among workers.

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Question 11 1 pts

Watch the following video (Links to an external site.)Links to an external site.

Most likely Trump is referring to what when he says 'as high as 42%"

U3

U6

labor force participation rate

all of the above

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Question 12 1 pts

Bob has submitted applications with two companies for jobs over Summer break. However, it is only March and he doesn't wish to start work until at least May 15, because his cousin has a wedding. Bob has applied for jobs and should be classified as

Unemployed

Underemployed

Discouraged Worker

Not in the labor force

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Question 13 1 pts

Mike has been checking for jobs for the past 4 weeks in the greensheet, but last week he decided to take a week off from job searching to go on a vacation. Mike is counted as

marginally attached

Employed

Discouraged Worker

Infirmed Worker

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Question 14 1 pts

Last week, Megan, who was working for a comic book store, went to a home electronics store on her lunch hour to be interviewed for a higher paying job. Megan would be considered

Unemployed

Employed

Employed but looking

Its complicated

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Question 15 1 pts

Review the BLS (Links to an external site.)Links to an external site. website on how the government calculates unemployment. Review # 15 and answer the following question. A person must be collecting UI in order to be included as an unemployed or discouraged worker.

True

False