Question 1

Following the recession of 2001,there was a month in which employment and the unemployment rate both rose.Assuming the computations were correct,how is it possible for both to have increased?

Accepted Answer

The rate of unemployment is measured as ...

Question 2

In the absence of right-to-work laws,workers

Accepted Answer

A)   that went on strike could be permanently replaced.
B)   might be required to join the union if they worked for a unionized firm.
C)   would not be able to unionize.
D)   would not be able to strike.E) A) and D)
F) C) and D)

Question 3

Some economists have argued that unemployment insurance improves the ability of the economy to match each worker with the most appropriate job.

Accepted Answer

A) True 
 B)False

Question 4

Matt is waiting to be recalled to a job from which he was laid off.David was fired but hasn't looked for work during the last two months.Who does the BLS count as unemployed?

Accepted Answer

A)   Matt but not David
B)   David but not Matt
C)   both David and Matt
D)   neither David nor MattE) None of the above
F) B) and C)

Question 5

The adult population must equal the sum of the employed and the unemployed.

Accepted Answer

A) True 
 B)False

Question 6

The BLS reports the U-6 measure of labor underutilization.Which of the following is how it computes U-6?

Accepted Answer

A)   (total unemployed + marginally attached workers) /adult population
B)   (total unemployed + marginally attached workers + part-time employed for economic reasons) /adult population
C)   (total unemployed + marginally attached workers) /(labor force + marginally attached workers) 
D)   (total unemployed + marginally attached workers + part time employed for economic reasons) /(labor force + marginally attached workers) E) None of the above
F) All of the above

Question 7

Even though the difference in labor-force participation rates of U.S.males and females has narrowed,the labor-force participation rate of males remains higher than that of females.

Accepted Answer

A) True 
 B)False

Question 8

Compare the 2009 unemployment rates and labor-force participation rates of whites,blacks,adults,and teenagers.

Accepted Answer

Adult women have lower labor-force parti...

Question 9

Which of the following is correct?

Accepted Answer

A)   typically more than one third of the unemployed are new entrants into the job market.
B)   most spells of unemployment are short.
C)   most unemployment observed at any time is long term.
D)   All of the above are correct.E) All of the above
F) None of the above

Question 10

People who are unemployed because wages are,for some reason,set above the level that brings labor supply and demand into equilibrium are best classified as

Accepted Answer

A)   cyclically unemployed.
B)   structurally unemployed.
C)   frictionally unemployed.
D)   discouraged workers.E) C) and D)
F) B) and D)

Question 11

Measuring unemployment is the job of the Bureau of Labor Statistics.

Accepted Answer

A) True 
 B)False

Question 12

If the wage is kept above the equilibrium wage for any reason,the result is structural unemployment.

Accepted Answer

A) True 
 B)False

Question 13

Government-run employment agencies and public training programs are operated by the government to try to facilitate job search and reduce unemployment.

Accepted Answer

A)   Almost all economists agree that such programs are of no use.
B)   Almost all economists agree that such programs work very well.
C)   Some economists claim that the government can do these things no better than firms and individuals could do them for themselves.
D)   Some economists claim that these programs increase frictional unemployment.E) None of the above
F) A) and D)

Question 14

The invention of the telegraph led to the loss of jobs for those who had delivered mail by horse,but created jobs for telegraph operators and delivery persons.This is an example of

Accepted Answer

A)   structural unemployment created by efficiency wages.
B)   structural unemployment created by sectoral shifts.
C)   frictional unemployment created by efficiency wages.
D)   frictional unemployment created by sectoral shifts.E) C) and D)
F) None of the above

Question 15

The demand for labor by a certain firm is independent of the demand for that firm's product.

Accepted Answer

A) True 
 B)False

Question 16

Sectoral shifts contribute to frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 17

When a minimum-wage law forces the wage to remain above the level that balances supply and demand,the quantity of labor supplied is lower and the quantity of labor demand is higher than at the equilibrium wage.

Accepted Answer

A) True 
 B)False

Question 18

Efficiency wages create structural unemployment.

Accepted Answer

A) True 
 B)False

Question 19

The National Labor Relations Board

Accepted Answer

A)   enforces antitrust laws against unions.
B)   enforces workers' rights to unionize.
C)   acts as a union's representative in collective bargaining.
D)   is required to approve all collective bargaining agreements before they can be enforced.E) A) and B)
F) A) and C)

Question 20

The normal rate of unemployment around which the unemployment rate fluctuates is called cyclical unemployment.

Accepted Answer

A) True 
 B)False

Exam 28: Unemployment

The normal rate of unemployment around which the unemployment rate fluctuates is called cyclical unemployment.

Correct AnswerverifiedShow Answer

The BLS reports the U-6 measure of labor underutilization.Which of the following is how it computes U-6?

Correct AnswerverifiedShow Answer

The adult population must equal the sum of the employed and the unemployed.

Correct AnswerverifiedShow Answer

Sectoral shifts contribute to frictional unemployment.

Correct AnswerverifiedShow Answer

Even though the difference in labor-force participation rates of U.S.males and females has narrowed,the labor-force participation rate of males remains higher than that of females.

Correct AnswerverifiedShow Answer

Following the recession of 2001,there was a month in which employment and the unemployment rate both rose.Assuming the computations were correct,how is it possible for both to have increased?

Correct AnswerverifiedThe rate of unemployment is measured as ...View AnswerShow Answer

Government-run employment agencies and public training programs are operated by the government to try to facilitate job search and reduce unemployment.

Correct AnswerverifiedShow Answer

If the wage is kept above the equilibrium wage for any reason,the result is structural unemployment.

Correct AnswerverifiedShow Answer

The invention of the telegraph led to the loss of jobs for those who had delivered mail by horse,but created jobs for telegraph operators and delivery persons.This is an example of

Correct AnswerverifiedShow Answer

In the absence of right-to-work laws,workers

Correct AnswerverifiedShow Answer

Which of the following is correct?

Correct AnswerverifiedShow Answer

Some economists have argued that unemployment insurance improves the ability of the economy to match each worker with the most appropriate job.

Correct AnswerverifiedShow Answer

The National Labor Relations Board

Correct AnswerverifiedShow Answer

People who are unemployed because wages are,for some reason,set above the level that brings labor supply and demand into equilibrium are best classified as

Correct AnswerverifiedShow Answer

Matt is waiting to be recalled to a job from which he was laid off.David was fired but hasn't looked for work during the last two months.Who does the BLS count as unemployed?

Correct AnswerverifiedShow Answer

Efficiency wages create structural unemployment.

Correct AnswerverifiedShow Answer

The demand for labor by a certain firm is independent of the demand for that firm's product.

Correct AnswerverifiedShow Answer

Compare the 2009 unemployment rates and labor-force participation rates of whites,blacks,adults,and teenagers.

Correct AnswerverifiedAdult women have lower labor-force parti...View AnswerShow Answer

When a minimum-wage law forces the wage to remain above the level that balances supply and demand,the quantity of labor supplied is lower and the quantity of labor demand is higher than at the equilibrium wage.

Correct AnswerverifiedShow Answer

Measuring unemployment is the job of the Bureau of Labor Statistics.

Correct AnswerverifiedShow Answer

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The rate of unemployment is measured as ...
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Adult women have lower labor-force parti...
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