QUESTION 1

When the economy dips into recession, the unemployment rate _ and the length of unemployment _ .

1. increases, increases
2. decreases, decreases
3. increases, decreases
4. decreases, increases

5 points

QUESTION 2

From 1960-1990 the labor force grew _ the population

1. faster
2. slower
3. at the exact same rate as
4. at an unknownrate compared to

5 points

QUESTION 3

The natural rate of unemployment includes all types but

1. cyclical
2. frictional
3. seasonal
4. structural

5 points

QUESTION 4

Discouraged workers _ but don't _.

1. work, get paid
2. want to work, look
3. look, want to work
4. get paid, spend

5 points

QUESTION 5

A worker is frictionally unemployed because he is between:

1. employers
2. careers
3. peaks in his industry
4. busy seasons

5 points

QUESTION 6

Your cousin is a wifi-tech who was fired last month for absenteeism though he has not told this to the companies he's interviewing now. He suffers from _ unemployment.

1. frictional
2. seasonal
3. cyclical
4. structural

QUESTION 7

laborforces200,000400,000800,000

employed90,000t364,000760,000

unemployed10,00014,000u40,000

unemp%1079v

natural%w564

cyclical%6x31

GDPgap124yz

y=

1. 3
2. 4
3. 5
4. 6
5. 7

QUESTION 8

The underemployed have:

1. more skills than their job description
2. no tax withholdings
3. no union representation
4. no upward mobility

5 points

QUESTION 9

The labor force provides +8,000 new workers while industry provides +10,000 new jobs. This causes the unemployment % to:

1. rise
2. fall
3. stay steady
4. more info needed

QUESTION 10

laborforces200,000400,000800,000

employed90,000t364,000760,000

unemployed10,00014,000u40,000

unemp%1079v

natural%w564

cyclical%6x31

GDPgap124yz

v=

1. 4
2. 5
3. 8
4. 10

QUESTION 11

_ are hurt more by unemployment.

1. men
2. youth
3. uneducated
4. all of these!

QUESTION 12

laborforces200,000400,000800,000

employed90,000t364,000760,000

unemployed10,00014,000u40,000

unemp%1079v

natural%w564

cyclical%6x31

GDPgap124yz

x=

1. 2
2. 3
3. 4
4. 5
5. 6

QUESTION 13

A worker is seasonally unemployed because he is between:

1. employers
2. careers
3. busy seasons
4. peaks in his industry

QUESTION 14

laborforces200,000400,000800,000

employed90,000t364,000760,000

unemployed10,00014,000u40,000

unemp%1079v

natural%w564

cyclical%6x31

GDPgap124yz

u=

1. 14,000
2. 36,000
3. 40,000
4. 364,000

5 points

QUESTION 15

laborforces200,000400,000800,000

employed90,000t364,000760,000

unemployed10,00014,000u40,000

unemp%1079v

natural%w564

cyclical%6x31

GDPgap124yz

s=

1. 80000
2. 90000
3. 100000
4. 110000

QUESTION 16

60,000 are busy holding down a job and 20,000 busy hunting. What is the unemployment rate?

1. 10%
2. 20%
3. 25%
4. 33%

QUESTION 17

laborforces200,000400,000800,000

employed90,000t364,000760,000

unemployed10,00014,000u40,000

unemp%1079v

natural%w564

cyclical%6x31

GDPgap124yz

t=

1. 90,000
2. 186,000
3. 200,000
4. 214,000

5 points

QUESTION 18

60,000 are busy holding down a job and 20,000 busy hunting. Then another 20,000 new arrivals join the hunt too. What is the unemployment rate?

1. 20%
2. 30%
3. 33%
4. 40%

5 points

QUESTION 19

Your cousin fixes CD and DVD players and cannot find work despite being one of the best repairmen in this field. He suffers from _ unemployment.

1. frictional
2. cyclical
3. seasonal
4. structural

5 points

QUESTION 20

The labor force provides +10,000 new workers while industry provides +10,000 new jobs. The unemployment rate:

1. rise
2. fall
3. stays steady
4. more info needed

(ECO 103-V03) Ch.6 Unemployment 2/24 MULTIPLE CHOICES. ANSWERS ARE ENOUGH NO NEED FOR EXPLAINATION.

THANKYOU.