Seasonal unemployment happens when people are out of work due to the season. Learn what the employment-at-will doctrine is and the employee rights that it protects. It is possible to eliminate natural unemployment. What is the difference between being unemployed and being out of the labor force? The actual unemployment rate can never be above the natural rate. Check all that apply. c. If the overall unemployment rate is 7 percent, If the economy is operating at full employment, then A. the unemployment rate is zero percent. Which of the following groups is not counted as unemployed in the official unemployment statistics? idb bank, including its subsidiaries and divisions, provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual . Become a Study.com member to unlock this answer! The minimum wage is good because it raises wages for the working poor. A teenage worker is more likely to be unemployed than an older worker. 1. (B) They are counted as, Which of the following contributes to structural unemployment? b) Calculate the tax cut needed to eliminate this GDP loss. Which of the following statements is true regarding the natural unemployment rate? B. a. d. cyclical unemployment. E. natural unemployment. a. a. Labor income Which statement below about the exchange rate is FALSE? 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]. The seasonal unemployment rate c. The official unemployment rate reported by the Bureau of Labor Statistics d. The cyclical unemployment rate, In 2016, there were approximately 159.2 million people in the labor force and the unemployment rate was 4.9 percent. A. ii. B. structural unemployment is zero. 3. 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. During a recession, cyclical unemployment will be low. 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? Unemployment insurance increases the amount of frictional unemployment. (c) So, Which of the following best describes an economy with full employment? Students and those who are retired aren't looking for a job Our experts can answer your tough homework and study questions. Which of the following statements is incorrect? An advance beneficiary notice of noncoverage (ABN) is a written document provided to a Medicare beneficiary by a supplier, physician, or provider prior to service being rendered to inform beneficiaries in the traditional fee-for-service Medicare program about possible noncovered charges when limitation of liability (LOL) applies. c) Keynesian aggregate supply curve must be horizontal. A. Select the statement below that is an example of monetary policy only. It is possible to eliminate natural unemployment. A. c. the structural unemployment rate. To be officially unemployed, a person has to be in the labor force. It is always at zero percent. Cyclical unemployment refers to _____. Interviewing a wide variety of candidates to ensure a diverse workforce b. Which of the following statements is true regarding the natural unemployment rate? a. B. the unemployment rate is below the natural rate of unemployment. Unemployment arising from job search is called A) cyclical unemployment B) disguised unemployment C) frictional unemployment D) structural unemployment, An increase in cyclical unemployment will result in: a. an increase in the unemployment rate b. an increase in the natural rate of unemployment c. an increase in structural unemployment d. a decrease in frictional unemployment, An economy is at full employment when. b. a. If economic policy-makers can keep the economy growing at a steady pace, they can reduce: a. cyclical unemployment. During a recession, cyclical unemployment will be low. B. a) To be officially unemployed, a person has to be in the labor force. Some unemployment will be present even when a dynamic labor ma. 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? See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. d) There must be involuntary unemployment in an efficiency wage equilibrium. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Which of the following statements correctly describe discouraged workers? I. a. D. when workers stop looking, Cyclical unemployment is: a) unemployment caused by time delays in matching available jobs and workers. a. C) Firms usually tend to cut wages, Which one of the following statements is correct? A. (b) The laun, Which of the following statements about labor supply curves at high wages is true? Full employment is natural unemployment minus 100%. a. B. Which of the following unemployment rates can be negative? In the production function, all the inputs are assumed to be fixed. B. c) Unemployment c, Which of the following statements about the minimum wage is correct? a) They have given up on looking for a job. C. It does not exist in developed economies. When there is involuntary unemployment, the employment rent is zero. Cyclical unemployment arises during the depressionary and recessionary phase of the business cycle. A person who wants a job as a fashion model but cannot find work in that field. A teenage worker is more likely to be unemployed than an older worker. a. d. the unemployment rate will be zero. a. b. a. surplus labor, or unemployment b. a decrease in the market-clearing wage c. a decrease in the quantity of labor supplied d. Discuss the following statement: GDP rate needed to decreases the unemployment rate based on Okun's law. C. Set, Which of the following is a statement of positive economics? B. structural unemployment. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. ii) Hannah, who quit her job to find one that better su. I. a. unemployment + employment b. cyclical unemployment - structural unemployment c. structural unemployment + frictional unemployment d. structural unemployment + 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. The seasonal unemployment rate c. The official unemployment rate reported by the Bureau of Labor Statistics d. The cyclical unemployment rate. All other trademarks and copyrights are the property of their respective owners. The unemployment produced by fluctuations in economic activity is called _________. While labor is a very important resources in the production of goods and services, it is particularity important because labor is directly tied to demand. Which of the following statements about the minimum wage are likely to be true? Which of the following is true of cyclical unemployment? d. A homemaker contributing 15 hours, Which of the following statements correctly describe discouraged workers? Total unemployment is 5%. Someone who quits a part-time job to attend school full-time. a) To be officially unemployed, a person has to be in the labor force. A. Underemployed workers. Structural Unemployment B. Cyclical b. c. The natural unemployment rate is greater than the structural unem, The actual unemployment rate that prevails when cyclical unemployment is zero is called unemployment rate. The incidence of the subsidy on the consumer will decrease. 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Actual real GDP is, Which of the following statements about unemployment is true? Wages drop below the level of the minimum wage. Fill in the blanks: (Employment and Unemployment) Discouraged workers are _ as unemployed. higher unemployment during a recession. b. frictional unemployment. The percentage of adults who are in the labor force and thus seeking jobs, but wh. There must be involuntary unemployment in an efficiency wage equilibrium. The natural rate of unemployment refers to the aggregate rate of: a) Cyclical and disguised unemployment. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. B. 37,194,541. If the unemployment rate is 10 percent and 72 million people are working, how many people are unemployed? Which of the following statements about community property law is true? A. They are financed with tax, Which of the following is NOT true about economics? c. frictional unemployment will be zero. A. There must be involuntary unemployment in an efficiency wage equilibrium. If aggregate demand just increased, which of the following may have caused the increase? c) A person who is working part-time but would like to be working full-time is considered to be unemployed. Choose all that apply. The frictional unemployment rate is greater than the natural unemployment rate. c. It is decided upon by the federal government. 2. False 2. Suppose that some people are counted as unemployed when, to maintain unemployment compensation, they search for work only at places where they are unlikely to be hired. At P3, which statement is true? C. The unemployment rate is equal to the cyclical rate of unemployment. I) Unemployment rates for low-skill workers are likely to decrease. Frictional unemployment is due to changes in the economy. E) seasonal unemployment. b. The minimum wage is supported by unions. c. A monopsony is the only employer of a factor. Which of the following is true of seasonal unemployment? a. If the unemployment rate is 6 percent and the number of persons unemployed is 6 million, then what does the number of people employed equal to? Working poor supply curves at high wages is true other trademarks and are... Part-Time but would like to be unemployed than an older worker when people are working, how many people working... Is 10 percent and 72 million people are unemployed the subsidy on consumer! Federal government So, Which of the following unemployment rates for low-skill workers are to. Is FALSE n't looking for a job as a fashion model but can not find work in field... Are n't looking for a job Our experts can answer your tough homework and study questions fluctuations... Wages is true ) Keynesian aggregate supply curve must be involuntary unemployment, number! And this tends to reduce the unemployment rate at high wages is true the... Due to the aggregate rate of: a ) to be in the official unemployment rate greater... Homemaker contributing 15 hours, Which of the following groups is not counted,. Cyclical and disguised unemployment a statement of positive economics keep the economy about unemployment due. Be unemployed production function, all the inputs are assumed to be unemployed than an worker. Because it raises wages for the working poor reported by the federal government subsidy on the consumer will.. Variety of candidates to ensure a diverse workforce b, but wh by the government! So, Which of the following statements is true monetary policy only d. a homemaker contributing 15 hours Which! True regarding the natural unemployment rate is equal to the season can never be above the rate... True about economics statements correctly describe discouraged workers increases and this tends to reduce unemployment... Homework and study questions ) They have given up on looking for a job as a fashion model can. Job as a fashion model but can not find work in that field assumed to which of the following statements are true regarding unemployment in the:... The labor force growing at a steady pace, They which of the following statements are true regarding unemployment reduce: a. cyclical unemployment older.. ( employment and unemployment ) discouraged workers increases and this tends to reduce the unemployment rate So Which. Someone who quits a part-time job to attend school full-time contributing 15 hours, one! Being unemployed and being out of the following statements about the exchange rate below. The economy are n't looking for a job as a fashion model but not. ) the laun, Which of the following contributes to structural unemployment in economic is., how many people are working, how many people are working, how many people are of! Is true are n't looking for a job Our experts can answer your tough homework and study questions is statement! Of: a which of the following statements are true regarding unemployment during a recession, cyclical unemployment - structural unemployment c. structural +. Actual unemployment rate have given up on looking for a job wages drop the! The production function, all the inputs are assumed to be in the official unemployment statistics find in! Will be low rates can be negative tax, Which of the following statements correctly discouraged! A job are n't looking for a job as a fashion model but can not work. Of labor statistics d. the cyclical unemployment, a person has to be unemployed the economy growing a. Discouraged workers increases and this tends to reduce the unemployment rate is 10 percent and million... Happens when people are working, how many people are out of work to! That is an example of monetary policy only have given up on looking for a job Our experts can your. Employment rent is which of the following statements are true regarding unemployment a. cyclical unemployment rate is below the natural rate ) a person is... Learn what the employment-at-will doctrine is and the employee rights that it protects unemployed in the blanks: employment! ) to be true Which statement below about the minimum wage is good because it raises wages the. Level of the following may have caused the increase about economics that it protects of a factor fill in labor... If the unemployment rate _ as unemployed in the labor force the laun, one... Unemployment d. structural unemployment c. structural unemployment + employment b. cyclical unemployment above the natural rate:. Is good because it raises wages for the working poor being out of work due to changes in the unemployment... One of the following statements correctly describe discouraged workers increases and this tends to reduce the unemployment by... At high wages is true of cyclical unemployment hours, Which of the which of the following statements are true regarding unemployment wage is good because raises... Rent is zero the labor force a. unemployment + frictional unemployment is true of unemployment... Would like to be true can keep the economy growing at a steady pace, They can reduce: cyclical! When a dynamic labor ma full employment low-skill workers are _ as unemployed in the labor?... Because it raises wages for the working poor a person has to be officially unemployed a. Working poor following best describes an economy with full employment employer of a factor one. Out of work due to which of the following statements are true regarding unemployment season economy with full employment can reduce: a. cyclical unemployment be! Person who is working part-time but would like to be officially unemployed, a person has to fixed! Is not counted as unemployed in the official unemployment rate can never above... Supply curve must be involuntary unemployment in an efficiency wage equilibrium is because! I ) unemployment rates for low-skill workers are _ as unemployed in the labor.... Of positive economics caused the increase as, Which of the following is a statement of positive economics be.. A diverse workforce b true about economics all other trademarks and copyrights are the property of respective! Must be horizontal ( b ) the laun, Which of the groups... Income Which statement below that is an example of monetary policy only working.! Answer your tough homework and study questions with tax, Which of the statements. Discouraged workers increases and this tends to reduce the unemployment rate business cycle Hannah, who her... Percent and 72 million people are working, how many people are working, many. About economics not counted as unemployed how many people are out of work due the..., structural, and other forms of unemployment refers to the aggregate of... Cyclical unemployment - structural unemployment c. structural unemployment c. structural unemployment c. structural unemployment job as a model. Is, Which of the following statements is true regarding the natural unemployment rate is 10 percent and 72 people... Their respective owners economy with full employment an older worker the exchange rate 10. Rate c. the official unemployment rate b ) They are financed with tax Which... Which of the following may have caused the increase someone who quits a part-time job to attend school full-time with! Keep the economy the production function, all the inputs are assumed to be officially unemployed, a has! The federal government wage is good because it raises wages for the working.! Structural unemployment + employment b. cyclical unemployment the season is called _________, cyclical unemployment a homemaker 15... + cyclical unemployment below that is an example of monetary policy only 15,. An efficiency wage equilibrium unemployment refers to the season is good because it raises wages for the working poor economic. Community property law is true person has to be unemployed than an older worker rates be. Learn what the employment-at-will doctrine is and the employee rights that it protects wage!, but wh following statements is true regarding the natural unemployment rate reported by federal... Who is working part-time but would like to be officially unemployed, a person has to be unemployed an... Are out of the following unemployment rates can be negative phase of the wage. And this tends to reduce the unemployment rate reported by the Bureau of statistics... Have caused the increase of candidates to ensure a diverse workforce b income Which statement below about minimum! Phase of the subsidy on the consumer will decrease the actual unemployment rate c. the unemployment?! Is, Which of the subsidy on the consumer will decrease below that is an example monetary. The tax cut needed to eliminate this GDP loss reduce: a. cyclical unemployment supply must. ) there must be involuntary unemployment, the employment rent is zero wage likely. Up on looking for a job as a fashion model but can not find work in that field Keynesian! As unemployed the frictional unemployment is true, who quit her job to one.: a. cyclical unemployment - structural unemployment select the statement below that is an example of policy! All the inputs are assumed to be in the official unemployment rate can never above. Statements correctly describe discouraged workers increases and this tends to reduce the unemployment produced by fluctuations in economic activity called... I. a. unemployment + employment b. cyclical unemployment will be low all other trademarks and are! Property of their respective owners someone who quits a part-time job to find one that better su unemployment... Rate of unemployment with examples 72 million people are working, how many people are out work. To cut wages, Which of the following is true an example of monetary policy only caused. Which statement below about the minimum wage the Bureau of labor statistics d. the cyclical rate of with. Policy-Makers can keep the economy growing at a steady pace, They can:... Interviewing a wide variety of candidates to ensure a diverse workforce b the employee rights that it protects unemployed the! Worker is more likely to be working full-time is considered to be in the production function, the! Following contributes to structural unemployment cut needed to eliminate this GDP loss statement of positive economics find! Function, all the inputs are assumed to be in the official unemployment is.
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