Homework Answers
Ans) the correct option is e) frictional unemployment can never exceed the natural rate of unemployment.
Natural rate of unemployment = frictional unemployment + structural unemployment
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Which of the following statements is TRUE about the rates of unemployment? Select one: O a....
If cyclical unemployment is positive, which of the following statements MUST be true? Select one: a....
If cyclical unemployment is positive, which of the following statements MUST be true? Select one: a. The natural rate of unemployment MUST be 7% O b. Unemployment is above the natural rate of unemployment O C. The unemployment rate is negative O d. The economy is experiencing an expansion e. Employment is above the full level of employment
The natural unemployment rate is not zero because natural unemployment includes O A. cyclical and structural...
The natural unemployment rate is not zero because natural unemployment includes O A. cyclical and structural unemployment O B. frictional and cyclical unemployment Oc frictional and structural unemployment OD. Cyclical unemployment O E. discouraged workers during an expansion The unemployment rate fluctuates around the natural unemployment rate O A frictional unemployment increases, decreases OD cyclical unemployment decreases increases OG Structural unemployment increases, decreases OD. cyclical unemployment increases, decreases OL frictional unemployment decreases increases
If unemployment is above the natural level of unemployment, which one of these statements MUST be...
If unemployment is above the natural level of unemployment, which one of these statements MUST be true? Select one: O a. Employment must be below full employment O b. Cyclical unemployment must be negative o c. Real GDP must be above potential GDP d. The economy must be in an expansion e. The economy is experience a strong demand-pulled inflation
The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Unemployment...
The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Unemployment Type Frictional Rate (Percent) 3.6 0.0 Cyclical Structural Total unemployment True or False: This economy is currently at its natural rate of unemployment. True O False
The natural rate of unemployment is generally thought of as the A) ratio of the frictional...
The natural rate of unemployment is generally thought of as the A) ratio of the frictional unemployment rate to the cyclical unemployment rate. B) sum of structural unemployment and cyclical unemployment. C) sum of frictional unemployment and cyclical unemployment. D) sum of frictional unemployment and structural unemployment.
________ unemployment changes slowly and depends on ________. Select one: a. Frictional; the rate at which...
________ unemployment changes slowly and depends on ________. Select one: a. Frictional; the rate at which people enter and exit the labor force b. Seasonal; the rate at which people enter and exit the labor force c. Frictional; the skills of the unemployed d. Structural; the inflation rate e. Structural; the rate at which people enter the labor force --------- An increase in nominal GDP could result from an increase in i. production. ii. prices. iii. subsidies. Select one: a....
3rd attempt Which of the following can be responsible for a drop in the unemployment rate?...
3rd attempt Which of the following can be responsible for a drop in the unemployment rate? Choose one or more: A. More people become employed. B. The labor force shrinks. C. There is an increase in the number of discouraged workers. D. More people with full-time jobs become part-time workers. 2nd attempt Which of the following can lower the level of frictional unemployment over time? Choose one or more: A. reducing the regulations on hiring practices in a country B....
The trend rate of unemployment around which the unemployment rate fluctuates is called Select one: a....
The trend rate of unemployment around which the unemployment rate fluctuates is called Select one: a. fluctuating unemployment. b. cyclical unemployment. c. the natural rate of unemployment. d. the normal rate of unemployment.
In June there are 30,000 people classified as unemployed and the size of the labor force is 600,000. The only c...
In June there are 30,000 people classified as unemployed and the size of the labor force is 600,000. The only change between June a July is that 10,000 of the unemployed give up looking for work. Which of the following is true? A) In June the unemployment rate was 6% and in July the unemployment rate was 3.8% B) The unemployment rate in both June and July was 5%. C) In June the unemployment rate was 5% and in July...
Which of the following statements about explicit costs is true? Select one: a. They are the...
Which of the following statements about explicit costs is true? Select one: a. They are the only costs that matter to business owners b. They usually exceed implicit costs. Oc. They are difficult to measure. O d. They appear on the firm's balance sheet.
If cyclical unemployment is positive, which of the following statements MUST be true? Select one: a. The natural rate of unemployment MUST be 7% O b. Unemployment is above the natural rate of unemployment O C. The unemployment rate is negative O d. The economy is experiencing an expansion e. Employment is above the full level of employment
The natural unemployment rate is not zero because natural unemployment includes O A. cyclical and structural unemployment O B. frictional and cyclical unemployment Oc frictional and structural unemployment OD. Cyclical unemployment O E. discouraged workers during an expansion The unemployment rate fluctuates around the natural unemployment rate O A frictional unemployment increases, decreases OD cyclical unemployment decreases increases OG Structural unemployment increases, decreases OD. cyclical unemployment increases, decreases OL frictional unemployment decreases increases
If unemployment is above the natural level of unemployment, which one of these statements MUST be true? Select one: O a. Employment must be below full employment O b. Cyclical unemployment must be negative o c. Real GDP must be above potential GDP d. The economy must be in an expansion e. The economy is experience a strong demand-pulled inflation
The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Unemployment Type Frictional Rate (Percent) 3.6 0.0 Cyclical Structural Total unemployment True or False: This economy is currently at its natural rate of unemployment. True O False
The natural rate of unemployment is generally thought of as the A) ratio of the frictional unemployment rate to the cyclical unemployment rate. B) sum of structural unemployment and cyclical unemployment. C) sum of frictional unemployment and cyclical unemployment. D) sum of frictional unemployment and structural unemployment.
3rd attempt Which of the following can be responsible for a drop in the unemployment rate? Choose one or more: A. More people become employed. B. The labor force shrinks. C. There is an increase in the number of discouraged workers. D. More people with full-time jobs become part-time workers. 2nd attempt Which of the following can lower the level of frictional unemployment over time? Choose one or more: A. reducing the regulations on hiring practices in a country B....
In June there are 30,000 people classified as unemployed and the size of the labor force is 600,000. The only change between June a July is that 10,000 of the unemployed give up looking for work. Which of the following is true? A) In June the unemployment rate was 6% and in July the unemployment rate was 3.8% B) The unemployment rate in both June and July was 5%. C) In June the unemployment rate was 5% and in July...
Which of the following statements about explicit costs is true? Select one: a. They are the only costs that matter to business owners b. They usually exceed implicit costs. Oc. They are difficult to measure. O d. They appear on the firm's balance sheet.
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