QUESTION 1

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 2

laborforces200,000400,000800,000

employed90,000t364,000760,000

unemployed10,00014,000u40,000

unemp%1079v

natural%w564

cyclical%6x31

GDPgap124yz

w=

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

5 points

QUESTION 3

60,000 are busy holding down a job and 20,000 busy hunting. Then 5,000 of the job hunters give-up. What is the unemployment rate?

1. 5%
2. 15%
3. 20%
4. 25%

QUESTION 4

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 5

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

QUESTION 6

The natural rate of unemployment includes all types but

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

QUESTION 7

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 8

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

QUESTION 9

A worker is seasonally unemployed because he is between:

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

QUESTION 10

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

QUESTION 11

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

5 points

QUESTION 12

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

QUESTION 13

Your cousin makes up hotel rooms in Hampton Beach and cannot find work with other hotels after his hotel closes down due to a disease scare and despite it beingJuly. He suffers from _ unemployment.

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

QUESTION 14

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 15

A worker is structurally unemployed because he is between:

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

QUESTION 16

The inflationary flashpoint is triggered when the unemployment rate _ the natural rate of unemployment.

1. dips below
2. rises above
3. equals
4. is twice the size of

QUESTION 17

A worker is cyclically unemployed because he is between:

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

QUESTION 18

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 19

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 20

_ are hurt more by unemployment.

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