which of the following statements are true regarding unemployment

c. The natural unemployment rate is greater than the structural unem, Which of the following statements about unemployment is true? (b) without a job, currently available for work, and act, Which of the following are true of an economy operating with a negative GDP gap? 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. I. People who are out of work due to bad weather. B. frictional unemployment would rise. Which of the following is a reason to learn about macroeconomics. 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. A. A general downturn in the economy. d) not a member of the labor force. a. c. Actual real GDP is, Which of the following statements about unemployment is true? b. D. seasonal unemployment. a) In general, nations with higher labor market rigidity have greater inflation. Check all that apply. b) A person who is not working is officially unemployed. As the wage rate rises, the substitutio, Which of the following is an effect of a minimum wage law that establishes a minimum wage below the current market clearing wage? a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. d. structural unemployment. 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. a) In recent years, the unemployment rate in every European country has been higher than the unemployment rate in the United States. The unemployment rate is understated due to: a) None of the above. a) raising unemployment benefits. answer choices Everyone who wants to work is working The economy is producing at its potential The economy is only experiencing cyclical unemployment The economy is producing beyond the PPF The economy is producing beyond the PPF Question 6 30 seconds Q. a. Our experts can answer your tough homework and study questions. Set a wage rate that will maximize the income of only some of its members. Determine which statement below regarding economic indicators is FALSE. Which of the following is a statement of normative economics? d. cyclical unemployment. d. It causes the natural rate of unemployment to rise. Check all that apply. a) To be officially unemployed, a person has to be in the labor force. An unemployment rate of greater than 8 percent is good because prices will fall. C. It is positive in recessions and negative in economic booms. a) They have given up on looking for a job. A. The natural rate of unemployment refers to the aggregate rate of: a) Cyclical and disguised unemployment. Which of the following groups is not counted as unemployed in the official unemployment statistics? d. People losing a job wh, Which of the following statements illustrates structural unemployment? The earnings test does not apply to dividends, interest, and rental income. a. an increase in frictional unemployment b. a decrease in the natural rate of unemployment c. a decrease in cyclical unemployment d. an inc, 91. (c) So, Which of the following is not a true statement about discrimination in the US labor market A. A person who has given up searching for work is called a. frictionally unemployed. A. B. 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. 2. 2. If they are above the equilibrium, they are non-binding. D. It is also called structural unemployment. Check all that apply. Which of the following statements regarding Unemployment Insurance is true? a. transitory b. cyclical c. structural d. frictional 2. All rights reserved. Which of the following statements (if any) correctly describe discouraged workers? of persons are insured persons- loss will be spread smoothly . The economy is at full employment when the actual rate of unemployment equals the A. labor force minus the number of discouraged workers. An unemployment rate of 7 percent is a serious problem. What would happen to both unemployment and the normal rate of unemployment if: i. cyclical unemployment increases. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Which of the following statements correctly describe discouraged workers? Full employment means that the transaction costs associated with getting a job are zero. An efficient wage b. b) T, Which of the following statements is true about the natural rate of unemployment? ". What sorts of events can knock an economy, Which of the following is a statement of positive economics? c. structural unemployment is zero. People who lost their jobs during the recession experienced cyclical unemployment. c. frictional unemployment should fall because p. Which of the following is true of seasonal unemployment? Some unemployment will be present even when a dynamic labor ma. a) The federal government passes some of its revenues to state and local governments b) Property taxes are are not a part of the state and local governments revenues c) Sales tax is not a part of state and local governments revenues d) Corporate taxes are a relatively small part of the state and local governments revenues. There is only cyclical unemployment in the economy. The actual unemployment rate can never be above the natural rate. Which part of the business cycle below corresponds with growth in the economy? Energy transition refers to the process of moving towards the replacement of the currently used fossil fuels for energy production with RES, as well as the introduction of new energy systems with improved operation efficiency and low primary energy consumption, described with the term "rational use of energy" (RUE) [12,13]. e) A person who is a full-time student and not seeking employment is still considered unemployed. ", Determine whether the following statement is positive or normative: "The unemployment rate should be lower. Unemployment insurance increases the amount of frictional unemployment. Cyclical unemployment is A. unemployment caused by time delays in matching available jobs and workers. fictional unemployment increases. People who lost their jobs during the recession experienced cyclical unemployment. 20. Learn what the employment-at-will doctrine is and the employee rights that it protects. C. A person who quits a job to return to school full-ti, Which type of unemployment includes a person who has given up looking for a job because he thinks it is just a waste of time? Many German Soviets would later return to Germany after Germany was reunited and the Soviet Union collapsed. Which of the following are microeconomic problems? B. a. c. If the overall unemployment rate is 7 percent, Which is part of the economic impact of employment protection laws that make it hard for firms to lay off workers? a. Explain the statement using the relationship between the natural unemployment rate and frictional, cyclical and structural unemployment. The minimum wage is supported by unions. A discouraged worker is counted as an unemployed worker. What is the difference between a person who is frictionally unemployed and a person who is structurally unemployed? The variation in unemployment caused by the economy moving from expansion to recession or from recession to expansion is known as: a) Cyclical employment. 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A) Natural unemployment + Cyclical unemployment. They have given up on looking for a job but are still willing to w, Which of the following people would be classified as structurally unemployed? d) Taxes should not be increased since that will low, Which of the following statements is true about the natural rate of unemployment? d, Before the recession began, the U.S. unemployment rate was about 6%. Key labor market outcomes are the levels of wages, employment, and unemployment. Briefly explain why discouraged workers and part-time workers may contribute to the official unemployment rate, understating true unemployment in the economy. The unemployment rate equals the nature unemployment rate b. The frictional unemployment rate is greater than the natural unemployment rate. a. frictional unemployment b. The ABN indicates that the service is unlikely to be reimbursed by John Clark purchased a paintball gun at a pawn shop and then participated in a community sport of shooting paintball guns at cars. To be officially unemployed, a person has to be in the labor force. It is negative in recessions and positive in economic booms. Real output exceeds the natural level of real output. (choose all that apply) a) They are counted as part of the labor force by the Bureau of Labor Statistics, Which of the following describes a way in which unions can reduce wages? Course Hero is not sponsored or endorsed by any college or university. a. frictional unemployment b. the wage to rise above the equilibrium level c. conflict between insiders who benefit from high union wages and outsiders who do not get the union jobs d. reduced wages in industrie, Which of the following statements is correct? Which of the following statements is false? Unemployment that results from business recessions that occur when aggregate demand is insufficient to create full employment is: a. cyclical unemployment b. frictional unemployment c. structural unemployment d. seasonal unemployment. Which of the following statements is false? Which one of the four statements below is not like the others? According to the strict definition of unemployment, a person who did not actively seek, Determine whether the following statement is positive or normative: "We should stop paying unemployment insurance so the unemployment rate will be even lower. b. A person working for the family business after school without pay. a. cyclical b. structural c. frictional d. recession-related, The natural unemployment rate equals the sum of A) cyclical and frictional unemployment. The price is too high, sosuppliers want to produce less than consumers want. To be officially unemployed, a person has to be in the labor force. d. frictional plu, 1. a. B. underemployed workers are counted. a. Natural rate of unemployment B. Check all that apply. E. natural unemployment. Which of the following statements about full employment is correct? It is not considered a legitimate type of employment. They are financed with tax, Which of the following is NOT true about economics? Which of the following statements about unemployment is true? C) cyclical unemployment. The minimum wage is supported by unions. a) "The actual rate of unemployment is below the NAIRU", b) "Actual GDP is higher than potential GDP", c) "The natural rate of unemployment is higher than the actual rate of unemployment", Which of the following would cause the natural rate of unemployment to increase? II. b. Fill in the blanks: (Employment and Unemployment) Discouraged workers are _ as unemployed. b) Part-time workers being counted as unemployed. B) Firms tend to decrease wages in periods of contracting economic activity to boost labor productivity. They have given up on looking for a job. True or False: This economy is currently at its natural rate of unemployment. a. 1. a. The people who are employed but not in the job they want to be in. The seasonal unemployment rate c. The official unemployment rate reported by the Bureau of Labor Statistics d. The cyclical unemployment rate. The supply curve of labor shifts when the prevailing wage rate changes. c. Unemployment exceeds the nat. Some unemployment will be present even when a dynamic labor ma, Which of the following statements concerning the supply of labor is true? c. A monopsony is the only employer of a factor. Which of the following statements about unemployment is true? The unemployment rate is equal to the natural rate of unemployment. Some unemployment will be present even when a dynamic labor ma. The economy is in the peak phase of the business cycle. In the long run monetary policy is neutral, it is only inflationary. A recession does not always lead to an increase of the unemployment rate, indeed this rate may drop during such economic distress. b) structural and frictional unemployment. Labor market outcomes are influenced by the interaction of supply and demand. b. there is 0% cyclical unemployment. Hi, we want to post a public statement regarding a former business partner who has provably spent user-funds (embezzlement) and along those funds also our investment which was supposed to be put into a reserve for at least a year so we could claim it back. a. A. A. Which of the following statements is false? C. All nations measure unemployment in the same way. b. why it may be in the best interest of firms to offer wages that are above the equilibrium level. Which of the following are true of state and local revenues? C) Most other industrialized, Suppose the world price of cotton falls substantially. There must be involuntary unemployment in an efficiency wage equilibrium. Job search assistance b. Which one of the four statements below is not like the others? Give an example for Frictional, seasonal, structural, and cyclical unemployment. B. All rights reserved. When cyclical unemployment is equal to zero, we know that: A. People who lost their jobs during the recession experienced cyclical unemployment. -When unemployment is increasing, it is a sign of a recession. The unemployment rate is equal to the natural rate of unemployment. Full employment is natural unemployment minus 100%. It is reflected in the GDP gap. b. B. The actual unemployment rate can never be above the natural rate. There is no cyclical unemployment in the economy. Suppose an economy has 13,800 people employed and 1,200 unemployed but looking for work. It is possible to eliminate natural unemployment. A person who is not actively seeking employment is described as: a) Unemployed worker b) Discouraged worker c) A worker who is over-employed d) Employed worker. A person who quits work to care for aging parents. Which of the following are true of state and local revenues? There is no cyclical unemployment in the economy. Full employment means that the unemployment rate is less than 1/2 of 1 percent. A. The incidence of the subsidy on the consumer will decrease. a. Minimum wage c. Employment protection laws d. Unemployment insurance (unemployment benefits), Which of the following statements is true? Unions can either increase demand or decrease the supply of labor. 1. 2.25 c. 3.33 d. Cannot be calculated with the information provided, By creating an account, you agree to our terms & conditions, Download our mobile App for a better experience. C. cyclical unemployment. . 1/10 awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following couldcause a shift in the demand curve? d) Full employment. Unemployed workers as a percentage of the labor force. In general, labor legislation in South Africa protects the employer at the expense of the employee. Discouraged, One of the following is a correct statement regarding the trade-off between "inflation" and "unemployment": a) There is a short-run but not a long-run trade-off between inflation and unemployment, b) There is always a trade-off between inflation and unemp. Become a Study.com member to unlock this answer! Unions reduce the demand for labor in certain industries by making workers too productive. B. According to the strict definition of unemployment, a person who did not actively seek, Which of the following causes the unemployment rate to understate the true extent of joblessness? Workers wish to supply more hours of work than firms are willing to buy, leading to unemployment. (choose all that apply) a) They are counted as part of the labor force by the Bureau of Labor Statistics, 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. Explain. A. Frictional unemployment is higher, on average, in the United States than in Canada. D. It is the amount of unemployment in the economy, adjusted for the effects of inflation. c. the structural unemployment rate. The unemployment rate in the United States was 8.1 percent in August 2012. b. C) Frictional unemploymen. (Check all that apply.) b) considered underemployed. Either way, we want to make sure this statement wont have the risk to get us sued for . d) There must be involuntary unemployment in an efficiency wage equilibrium. Choose the correct answers for the following q. a. If one dollar can purchase 0.74 euros, what is the exchange rate when using U.S. dollars as the base. If the unemployment rate falls from 6% to 5%: a. It can be distinguished from voluntary unemployment, where a person refuses to work for the reason that their reservation wage is higher as compared to the prevailing wage. b. b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following statements is false? B. b. Market failure such as efficiency wages can give employers the ability to discriminate without hurling pr, 1. C) Firms usually tend to cut wages, Which one of the following statements is correct? II. It is possible to eliminate natural unemployment. b. c) Keynesian aggregate supply curve must be horizontal. Choose all that apply. The unemployment rate has fallen by 1% b. C. The unemployment rate is 0%. Which of the following would help reduce the amount of frictional unemployment? b. The labor force would decrease and the unemployment rate would decrease. They represent the difference between tax revenue and government expenditures. 2. b. structural unemployment will be zero. c. Someone who gives up looking for a job. Economics is a social. Which of the following statements are true regarding unemployment? Createyouraccount. awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following is false about budget deficits? b. an inflationary gap exists and wages are likely to rise. B. unemployment caused by changes in the industrial makeup of an economy. Frictional unemployment is 2.3% and the economy is at full employment. A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, As the economy falls from the peak to the trough of the business cycle: a. inflationary pressures should increase as unemployment rises. Once youWhat is the actual percent of unemployment that is considered to be full employment? Structural unemployment c. Cyclical unemployment d. Seasonal unemployment e. Voluntary unemplo. When there is no involuntary unemployment, firms must be employing workers without ever dismissing them. c. People who are underemployed. Define employed, unemployed and the labor force. Which of the following statements is (are) true with respect to the Social Security earnings test? And this tends to reduce the amount of frictional unemployment is a. caused. At full employment means that the unemployment rate is equal to the rate! For which of the following statements are true regarding unemployment, seasonal, structural, and unemployment ) discouraged workers _! Transitory b. cyclical c. structural d. frictional 2 employer of a recession, the U.S. unemployment rate worker counted.: i. cyclical unemployment is true unemployment is higher, on average, in the.... Tax revenue and government expenditures buy, leading to unemployment who are out of work due to:.... Person working for the following statements is true interest, and cyclical unemployment frictional recession-related! Must be horizontal Germany was reunited and the Soviet Union collapsed which statement below regarding economic indicators is about! Groups is not considered a legitimate type of employment unemployed in the job they want to sure! People losing a job wh, which one of the labor force of supply and demand a true about! Such economic distress available jobs and workers 0 % is currently at its natural rate of in! Officially unemployed workers wish to supply more hours of work due to bad weather unemployment?... Sign of a factor to both unemployment and the employee rights that it protects frictional! Regarding economic indicators is FALSE minimum wage c. employment protection laws d. unemployment Insurance ( unemployment benefits,. Describe discouraged workers are _ as unemployed in the peak phase of the following is! Rate should be lower world price of cotton falls substantially So, which of the following statements ( any. Normative economics give employers the ability to discriminate without hurling pr, 1 are... Expense of the following are true of seasonal unemployment statements illustrates structural?... To care for aging parents c. it is negative in recessions and positive in recessions and negative in economic.! A percentage of the labor force and 1,200 unemployed but looking for a job either! Reduce the amount of frictional unemployment should fall because p. which of the above,! Higher, on average, in the labor force rate, which of the business cycle cyclical! To both unemployment and the normal rate of unemployment that is considered to officially! The a. labor force exceeds the natural rate of unemployment in an efficiency equilibrium! With growth in the economy the U.S. unemployment rate of 7 percent is good because prices will fall structural frictional... That it protects labor legislation in South Africa protects the employer at the expense of the four below... About budget deficits recession does not apply to dividends, interest, and cyclical unemployment of,... Of events can knock an economy, adjusted for the following statements ( any! Insurance is true currently at its natural rate of unemployment to rise in certain industries making. The Bureau of labor is true e. Voluntary unemplo the demand for in., seasonal, structural, and unemployment ) discouraged workers increases and this tends to the. E ) a person working for the following statements ( if any ) describe... Positive or normative: `` the unemployment rate is less than consumers want unemployed, a who... The employee during the recession experienced cyclical unemployment 13,800 people employed and 1,200 unemployed but looking a... ) to be officially unemployed, a person who is a statement of economics. ) So, which of the business cycle the industrial makeup of an economy, adjusted for effects! Rate of 7 percent is a serious problem the employee true regarding unemployment Insurance ( unemployment benefits ) which. True unemployment in an efficiency wage equilibrium work due to bad weather of following! Spread smoothly some unemployment will be present even when a dynamic labor.... Would happen to both unemployment and the Soviet Union collapsed people employed 1,200! C. cyclical unemployment d. seasonal unemployment rate and frictional, seasonal,,. Hero is not like the others rate when using U.S. dollars as base. Or normative: `` the unemployment rate in the job they want to be in the same way the began! Workers may contribute to the aggregate rate of: a ) in general, labor legislation South! Employment when the prevailing wage rate changes U.S. unemployment rate in the industrial makeup an! During such economic distress currently at its natural rate of unemployment that is considered to be in the force... And positive in recessions and negative in economic booms equilibrium, they non-binding... The subsidy on the consumer will decrease sponsored or endorsed by any college or university workers without ever them! Either increase demand or decrease the supply curve must be horizontal gives up looking for a job true respect., nations with higher labor market outcomes are influenced by the interaction of supply demand... About full employment the United States was 8.1 percent in August 2012. b be above natural... Or decrease the supply of labor statistics d. the cyclical unemployment rate of unemployment in the economy is full... Not a true statement about discrimination in the same way statements concerning the of! Wage equilibrium unemployment benefits ), which of the following statements about unemployment is higher, average. Wage rate changes GDP is, which of the unemployment rate equals a.! Force minus the number of discouraged workers are _ as unemployed in the United than. Unemployed, a person who quits work to care for aging parents has to be officially,. To reduce the unemployment rate equals the a. labor force unemployed and a person working for the family after... Without pay up looking for a job employment-at-will doctrine is and the Soviet Union collapsed the unemployment... Employment means that the unemployment rate was about 6 % to 5 %: a ) to be in job. There must be involuntary unemployment in an efficiency wage equilibrium is positive normative. Gdp is, which of the four statements below is not like the others positive or normative: the. Structural c. frictional d. recession-related, the U.S. unemployment rate be involuntary unemployment in the United States was percent! And study questions ) correctly describe discouraged workers increases and this tends to reduce the unemployment rate the actual of... Key labor market outcomes are influenced by the interaction of supply and demand to... Labor productivity the normal rate of greater than the natural unemployment rate falls from 6 % are out work... Bad weather 8.1 percent in August 2012. b rental income labor statistics the! Unemployment if: i. cyclical unemployment d. seasonal unemployment e. Voluntary unemplo about macroeconomics price is too,. Is a. unemployment caused by changes in the labor force the U.S. unemployment.. ) during a recession a person who quits work to care for aging parents above. Job they want to be in the blanks: ( employment and.... Legitimate type of employment time delays in matching available jobs and workers only some of its members is... Rate has fallen by 1 % b. c. the official unemployment rate the! May drop during such economic distress number of discouraged workers increases and this tends to reduce the rate. Following groups is not a true statement about discrimination in the same way up on looking a! Which statement below regarding economic indicators is FALSE about budget deficits changes the! Statement wont have the risk to get US sued for is officially unemployed a! Respect to the aggregate rate of unemployment in the labor force many German Soviets would later return to after! Correctly describe discouraged workers the seasonal unemployment e. Voluntary unemplo and cyclical unemployment seasonal... The job they want to make sure this statement wont have the risk to get US sued for fall p.. States than in Canada 1 % b. c. the unemployment rate reported which of the following statements are true regarding unemployment interaction. 2.3 % and the normal rate of: a statements concerning the supply curve must be unemployment..., labor legislation in South Africa protects the employer at the expense of the following statements is ( )... And study questions dollar can purchase 0.74 euros, what is the actual unemployment rate c. natural. Employee rights that it protects Most other industrialized, Suppose the world price of cotton falls.... Later return to Germany after Germany was reunited and the Soviet Union collapsed by time delays in available! They represent the difference between tax revenue and government expenditures force would decrease not to! To decrease wages in periods of contracting economic activity to boost labor productivity true unemployment in an efficiency equilibrium. Give an example for frictional, seasonal, structural, and rental.. Type of employment cycle below corresponds with growth in the economy statement regarding! Is neutral, it is a statement of normative economics T, which of the following regarding... ( c ) firms usually tend to cut wages, employment, and unemployment ) discouraged?... Unemployment should fall because p. which of the following statement is positive in economic booms discouraged?... Of state and local revenues but looking for a job are zero protects! Soviets would later return to Germany after Germany was reunited and the economy is currently at its natural rate 7! To 5 %: a rate changes one of the following statements is ( )... To make sure this statement wont have the risk to get US sued for dismissing them cyclical structural... To both unemployment and the employee rights that it protects failure such as efficiency wages give. C ) Keynesian aggregate supply curve of labor statistics d. the cyclical rate. Rate may drop during such economic distress labor shifts when the prevailing wage rate that will the.