D. cyclical unemployment is greater than, If the actual unemployment rate is less than the natural unemployment rate: a. a recessionary gap exists and wages are likely to rise. a.Federal law determines how income will be allocated between spouses in community property states. c. the frictional unemployment rate. A) 0.4% B) - 0.6% C) - 4.5% D) 4.5% E) 10%. A decline in the markup on wages by 10% along with no change in the pa. A. People who work at least one hour per week. Explain. Which of the following statements is false? B. Helps emplopyees meet their legal duties under equal employment opportunity law. The economy is in the peak phase of the business cycle. When cyclical unemployment is equal to zero, we know that: A. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. A person who wants a job as a fashion model but cannot find work in that field. The price is too high, sosuppliers want to produce less than consumers want. B. unemployment caused by changes in the industrial makeup of an economy. Which of the following is true of cyclical unemployment? The economy is considered at full employment when: A. the unemployment rate is zero. The unemployment rate may overestimate the true extent of unemployment if: A. many part-time employees would like to work full-time but are unable to get the additional work. Which of the following are true of an economy operating below full employment? D. It is . Which of the following is a statement of normative economics? A. Underemployed workers. To be counted as unemployed, a person must be (a) without a job and part of the civilian population. The following table shows data on frictional, cyclical, and total unemployment for an economy. b. why it may be in the best interest of firms to offer wages that are above the equilibrium level. b) A person who is not working is officially unemployed.. The United States assumed total responsibility for the . It is a Co-operative device Payment of claim is made on happening of contigency (risk) insured Amount of claim payment depends on the value of loss occurred due to particular risk If Large no. c) They are employed workers who. Recessions begin at ______ and end at _____. It is difficult to predict because it involves all kinds of workers. ii. (c) So, Which of the following is not a true statement about discrimination in the US labor market A. A teenage worker is more likely to be unemployed than an older worker. The frictional unemployment rate is greater than the natural unemployment rate. B. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. A. D. The opportunity cost of job search in Canada is lower than in the United States. During healthy economic periods, cyclical unemployment A. rises. Real wage is cyclical. It is possible to eliminate natural unemployment. C) Frictional unemploymen. What is the actual percent of unemployment that is considered to be full employment? People who lost their jobs during the recession experienced cyclical unemployment. If aggregate demand just increased, which of the following may have caused the increase? b) economy is considered to be at full employment. a. d) Full employment. An unemployment rate of greater than 8 percent is good because prices will fall. A. Calculations of the official unemployment rate exclude: A) labor force. Explain to whom that type of unemployment might apply. The short-run aggregate supply curve is horizontal to indicat, Which of the following equations shows what 'actual employment' is equal to? b) Unemployment caused by the ordinary difficulties of matching firms with job seekers. To be officially unemployed, a person has to be in the labor force. Which of the following statements about seasonal unemployment is TRUE? awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following couldcause a shift in the demand curve? c. frictional unemployment should fall because p. Which of the following is true of seasonal unemployment? Select all that apply. Which of the following is true when the economy is at full employment? Define unemployment. Set a wage rate such that all workers that want to find a job can find a job. 20. All other trademarks and copyrights are the property of their respective owners. a. People who lost their jobs during the recession experienced cyclical unemployment. General taxes on certain goods such as gasoline, cigarettes, alcohol, cable television, and phone services are Excise taxes. A. Explain. C. rate of cyclically unemployed. A teenage worker is more likely to be unemployed than an older worker. c) Out of labor force: Out of paid work and looking for a job. If the unemployment rate is 10% and 90 million people are working, how many people are unemployed? Unemployment or joblessness is a situation wherein the able-bodied persons capable of working and earning are looking for a job and are not able to find a job. a. a person who works only 5 hours per week for pay b. a full-time college student who chooses not to have a paying job c. a family member who works 20 hours per week in the family b, Which of the following is a result of unemployment that is very low? a) They have given up on looking for a job. a. b. c. The natural rate of unemployment, Identify the false statement(s). (b) The laun, Which of the following statements about labor supply curves at high wages is true? b. A) Establishing government-run employment agencie, Identify whether each of the following statements are positive or normative. d. the unemployment rate will be zero. b) They have not looked for a job in 6 weeks, but they w, Which of the following is true? The economy is in the peak phase of the business cycle. B. Frank qu, Official unemployment statistics are more likely to understate the true unemployment problem when A. people are not working or actively seeking work, but claim to be looking for work when asked by government surveyors. A) Firms usually tend to lay off workers than cut wages to reduce costs. c. Some unemployment will be present even when a dynamic labor ma. "Full employment" is said to exist when the unemployment rate equals a. zero. B. Someone who quits a part-time job to attend school full-time. In the official unemployment statistics, retired persons are officially classified as A) unemployed. B. B. Pick one type of unemployment and explain what it is with an example. D. t, Which of the following is not consistent with full employment? a. Unemployment/Full Employment - Frictional / Structural / Cyclical. Students and those who are retired aren't looking for a job Our experts can answer your tough homework and study questions. A. a. reduce unemployment rates b. boost company profits c. restore a sense of community d. bring religion into business (c; moderate; pp. B. C. A person who is working part-time but would like to be work. It is possible to eliminate natural unemployment. Government expenditures create demand for goods and services. b. the leading economic indicators are unchanged for two consecutive quarters. The minimum wage is supported by unions. D. c. If the overall unemployment rate is 7 percent, u, Which of the following statements most closely describes the variation in unemployment rates across countries in Europe: a) Countries with higher rates of unionization tend to have higher unemployment rates, but this is partially mitigated if wage negotia, Which of the following types of unemployment results when workers are willing to work at a prevailing wage rate though firms are unwilling to employ all of them at that wage rate? a. why setting wages at the equilibrium level may increase Unemployment. b) A person who is not working is officially unemployed. Someone who has lost her job in the last week. Employment exceeds full employment. Labor unions have no effect on a nation's unemployment level. (B) They are counted as, Which of the following contributes to structural unemployment? c) Cyclical and structural unemployment. Unemployment or joblessness is a situation wherein the able-bodied persons capable of working and earning are looking for a job and are not able to find a job. The alternation between recessions and expansions is known as the: a. unemployment rate b. long-run economic growth c. business cycle d. macroeconomy, The economy is at full employment when the actual rate of unemployment equals the A. labor force minus the number of discouraged workers. Employment at will is a legal term in the area of labor law. During a recession, one will often observe: a. aggregate output rising. c. The natural rate of unemployment, Define each of the following: (a) Employed (b) Unemployed, Which of the statements would be considered as unemployed and therefore part of normal labor market turnover? Which of the following statements about unemployment is true? c. a discouraged worker. c. It is always present, even in a healthy economy. c. They are dissatisfied with th. Discover three exceptions to employment-at-will and participating states. a. Choose one or more: A. the economy enters a recession B. a new company hires 1,000 college graduates C. unemployment benefits are reduced from 26 weeks to 20 weeks D. advances in techno, Which of the following is not consistent with full employment? a. B. (a) Decreases unemployment (b) Increases unemployment, The natural rate of unemployment does not include which of the following? When there is involuntary unemployment, the employment rent is zero. I. Workers kept out of unionized jobs to move to other industries, increasing the labor. b. The incidence of the, 1. This type of unemployment is prevalent in agriculture and the primary sector. Question : 19) Which of the following statements true regarding competitive marketing : 1410337. Which of the following would be considered unemployed, according to our official statistics? Which of the following statements is true regarding the 5-M model? (a) frictional unemployment (b) cyclical unemployment (c) natural unemployment (d) structural unemployment. See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. a. 2. A. a. The frictional unemployment rate is greater than the natural unemployment rate. There must be involuntary unemployment in an efficiency wage equilibrium. Which part of the business cycle below corresponds with growth in the economy? a. -When unemployment is increasing, it is a sign of a recession. Frictional unemployment is due to changes in the economy. (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. Which of the following statements are true regarding unemployment? False 2. A person working for the family business after school without pay. b. Which of the following statements (if any) correctly describe discouraged workers? South Africa's unemployment problem stems from the demand side only. 0.44 b. d) Underemployed worked being counted a unemployed. a. C) cyclical unemployment. Which of the following statements is false? Which of the following policies will not reduce structural unemployment? The actual unemployment rate is equal to the natural rate of unemployment. C. The unemployment rate is 0%. Which of the following statements about the minimum wage are likely to be true? b. structurally unemployed. A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, Suppose the wage on the vertical axis refers to the real wage. a. D. will equal frictional unemployment. What would happen to both unemployment and the normal rate of unemployment if: i. cyclical unemployment increases. Employment insurance compensation encourages longer job searches, which may lead t, Which statement is true about unemployment insurance? c. Actual real GDP is, Which of the following statements about unemployment is true? E. will equal the natural rate of unemployment. Full employment means that the unemployment rate is less than 1/2 of 1 percent.
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