FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 28: Unemployment and Its Natural Rate

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 261

Multiple Choice

Review LaterAdd Note

Review Later

Sam has no job but keeps applying to get a job with a business that is unionized. He is qualified and he finds the pay attractive, but the firm is not hiring. Sam is

A) structurally unemployed. Structural unemployment exists even in the long run.
B) structurally unemployed. Structural unemployment does not exist in the long run.
C) frictionally unemployed. Frictional unemployment exists even in the long run.
D) frictionally unemployed. Frictional unemployment does not exist in the long run.

E) A) and D)
F) A) and C)

Correct Answer

verified

Show Answer

Question 262

True/False

Review LaterAdd Note

Review Later

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.

A) True
B) False

Correct Answer

verified

Show Answer

Question 263

Essay

Review LaterAdd Note

The table below uses data for the year 2003 provided by the Bureau of Labor Statistics and adjusted to be comparable to U.S. data. All values are in thousands. Fill in the blank entries in the table.

Figure 28-1 -Refer to Figure 28-1. Which of the following correctly identifies lines A and B?

The deviation of unemployment from its natural rate is called

Table 28-6 -Refer to Table 28-6. What is the U-6 measure of labor underutilization?

Economists have found that union workers earn what percent more than similar nonunion workers?

​Fred operates his own business, Fred would be counted as employed

Right-to-work laws allow striking union members to be permanently replaced.

Minimum-wage laws and unions are similar to each other but different from efficiency wages in that minimum-wage law and unions

Table 28-4 2010 Labor Data for Adults (ages 16 and older) in Meditor -Refer to Table 28-4. What is the adult labor-force participation rate in Meditor?

Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate sometimes is close to zero.

Which of the following is the correct formula for calculating the unemployment rate?

Adults who were waiting to be recalled to a job from which they had been laid off are included in the Bureau of Labor Statistics' "employed" category.

Suppose that some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were unemployed?

Other things the same, countries that offer more generous and longer-lasting unemployment insurance benefits are likely to have higher unemployment rates.

In the U.S., it is illegal for employers to interfere when workers try to organize unions.

When job search is the explanation for unemployment, workers are searching for the jobs that best suit their tastes and skills, but when the wage is above the equilibrium level, the quantity of labor supplied exceeds the quantity of labor demanded, and workers are unemployed because they are waiting for jobs to open up.

Some long-run unemployment may be explained by the fact that the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one.

Duane owns his own real estate company. The Bureau of Labor Statistics counts Duane as