Question 1

The minimum wage may cause businesses to hire fewer workers, and this results in structural unemployment.

Accepted Answer

A) True 
 B)False

Question 2

The organization that releases the official unemployment data in the United States is the Bureau of Labor Statistics.

Accepted Answer

A) True 
 B)False

Question 3

Suppose the measured unemployment rate is 3.9% and the natural rate of unemployment is 5.1%. In this situation, policymakers should

Accepted Answer

A)   attempt to stimulate the economy.
B)   attempt to slow the economy.
C)   not intervene in the economy.
D)   The actions of policymakers will depend on how much of the natural rate is frictional unemployment and how much is structural unemployment.E) A) and B)
F) A) and C)

Question 4

Labor unions create ________ unemployment at the higher end of the wage ladder.

Accepted Answer

A)   frictional
B)   cyclical
C)   structural
D)   under-reportedE) A) and B)
F) C) and D)

Question 5

Structural unemployment results in a ________ of labor which should theoretically be reduced by a(n)  ________ in the wage rate.

Accepted Answer

A)   surplus; decrease
B)   surplus; increase
C)   shortage; decrease
D)   shortage; increaseE) B) and D)
F) None of the above

Question 6

Caroline tells her friend Octavia to keep searching for a job because there are plenty of jobs in the area for which she is qualified. This advice is most appropriate for which of the following types of unemployment?

Accepted Answer

A)   structural unemployment
B)   frictional unemployment
C)   cyclical unemployment
D)   seasonal unemploymentE) All of the above
F) A) and B)

Exam 17: Unemployment

The minimum wage may cause businesses to hire fewer workers, and this results in structural unemployment.

Correct Answer
verified

The organization that releases the official unemployment data in the United States is the Bureau of Labor Statistics.

Correct Answer
verified

Suppose the measured unemployment rate is 3.9% and the natural rate of unemployment is 5.1%. In this situation, policymakers should

Correct Answer
verified

Labor unions create ________ unemployment at the higher end of the wage ladder.

Correct Answer
verified

Caroline tells her friend Octavia to keep searching for a job because there are plenty of jobs in the area for which she is qualified. This advice is most appropriate for which of the following types of unemployment?

Correct Answer
verified

Structural unemployment results in a of labor which should theoretically be reduced by a(n) in the wage rate.

Correct Answer
verified

Exam 17: Unemployment

The minimum wage may cause businesses to hire fewer workers, and this results in structural unemployment.

Correct AnswerverifiedShow Answer

The organization that releases the official unemployment data in the United States is the Bureau of Labor Statistics.

Correct AnswerverifiedShow Answer

Suppose the measured unemployment rate is 3.9% and the natural rate of unemployment is 5.1%. In this situation, policymakers should

Correct AnswerverifiedShow Answer

Labor unions create ________ unemployment at the higher end of the wage ladder.

Correct AnswerverifiedShow Answer

Caroline tells her friend Octavia to keep searching for a job because there are plenty of jobs in the area for which she is qualified. This advice is most appropriate for which of the following types of unemployment?

Correct AnswerverifiedShow Answer

Structural unemployment results in a ________ of labor which should theoretically be reduced by a(n) ________ in the wage rate.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Structural unemployment results in a of labor which should theoretically be reduced by a(n) in the wage rate.

Correct Answer
verified