Which of the following statements are true regarding unemployment? a. Full employment is natural unemployment minus 100%. (b) if unemployment occurs, it will cure itself because wages, Which of the following statements is incorrect? copyright 2003-2023 Homework.Study.com. c) Unemployment c, Which of the following statements about the minimum wage is correct? A. b. there is 0% cyclical unemployment. In the production function, all the inputs are assumed to be fixed. Productivity is pro-cyclical. c. frictional unemployment. The natural unemployment rate is the unemployment rate that exists when there is no A) structural unemployment. B) underemployed. Unemployment figures that estimate the number of unemployed are prepared by the U.S. Department of Labor c. The published unemployment numbers fail to reflect the number of discouraged workers and "hidden unemployed" d. the unemployment rate will be zero. 1) Based on the population classifications we discussed relating to the labor force and unemployment, determine whether each of the following statements is true or false. B) frictional unemployment. c. Companies have difficulties recruiting workers. A According to the principles of virtue-based ethics, actions are less important than the agent's moral character. b. a. computer programmers who lost their jobs because of a recession b. construction workers who are on temporary layoff c. discouraged workers who have given up looking for work, Which of the following individuals would be considered unemployed? 3. The unemployment rate is equal to the natural rate of unemployment. a. cyclical b. structural c. frictional d. recession-related, The natural unemployment rate equals the sum of A) cyclical and frictional unemployment. Which of the following statements about full employment is correct? C. Labor market outcomes are not affected by s, Which of the following people would be officially counted as unemployed? Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. b. The labor force would decrease and the unemployment rate would remain the same. Full employment means that the unemployment rate is less than 1/2 of 1 percent. A. c. They are dissatisfied with th. d. structural unemployment. awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following couldcause a shift in the demand curve? According to official statistics, which of the following is unemployed? a. B. unemployment caused by changes in the industrial makeup of an economy. Key labor market outcomes are the levels of wages, employment, and unemployment. Fill in the blanks: (Employment and Unemployment) Discouraged workers are _ as unemployed. [5] none of the above statements . Added 1/30/2021 4:49:13 PM. The natural unemployment rate b. a. Our experts can answer your tough homework and study questions. a. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. c. the frictional unemployment rate. Full employment means that the transaction costs associated with getting a job are zero. Which of the following is a statement of normative economics? b. the leading economic indicators are unchanged for two consecutive quarters. Explain each answer briefly. C. cyclical unemployment is zero. Is the correlation between unemployment and inflation true in the current economy? C. Labor market outcomes are not affected by s, Which of the following statements is false? How does cyclical unemployment relate to a nation's production possibilities curve and how does cyclical unemployment behave across the business cycle? Which of the following statements is true regarding the 5-M model? The unemployment rate is equal to 0%. d) not a member of the labor force. Efficiency wages C. Frictional D. Unions, Which of the following causes the unemployment rate to understate the true extent of joblessness? A. Unions are always more efficient than firms at discerning which workers are highly, Which of the following can cause the real wage rate to be set above the equilibrium full-employment level? If demand becomes more elastic, which of the following will happen, as demonstrated by the graph shown here? b) Unemployed: out of work looking for a job. To be officially unemployed, a person has to be in the labor force. a. It can be eliminated only in a free society. b. frictional unemployment. c. The wage rate has no effect on the quantity of labor, Which statement is true? 2020 - 2024 www.quesba.com | All rights reserved. C. It is decided upon by the federal government. Full employment means that the unemployment rate is less than 1/2 of 1 percent. The minimum wage is supported by unions. Course Hero is not sponsored or endorsed by any college or university. Which of the following statements are true regarding unemployment? -It entails processes that focus on delivering value and benefits to customers. A. inflation B. discouraged workers C. people employed in the underground economy D. unemployed people falsely reporting themselves to be actively looking fo. Explain each answer briefly. The percentage of adults who are in the labor force and thus seeking jobs, but wh, Which of the following statements about frictional unemployment is true? Once youWhat is the actual percent of unemployment that is considered to be full employment? Which of the following statements is true? Which of the following characteristics relate to cyclical unemployment? B. b. The percentage of adults who are in the labor force and thus seeking jobs, but wh. (a) Slow growth. Select all that apply. Which of the following is true when the economy is at full employment? Zero, b. 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. b The marketing funnel considers the seller's journey. d. seasonal unemployment. All of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment, Which of the following statements is/are correct? b) unemployment caused by changes in the industrial makeup of an economy. 20. Explain. d) job-search assistance. In the labor force? Discouraged, Which of the following statements is/are correct? c) Cyclical unemployment. c. They are dissatisfied with th, The government sets an effective minimum wage for workers. a. Frictional unemployment implies a lack of available jobs. A. A discouraged worker is counted as an unemployed worker. The actual unemployment rate can never be at the natural rate. b. What defines a person as unemployed? a. a. b. B. Check all that apply. What would happen to both unemployment and the normal rate of unemployment if: i. cyclical unemployment increases. C. the unemployment rate is equal to the natural rate. The federal government may lend money to states which come up short in providing these benefits One does not need to be actively looking for work to receive benefits During a recession, one will often observe: a. aggregate output rising. c) work tests. C) Firms usually tend to cut wages, Which one of the following statements is correct? Learn the various types of unemployment. Give reasons why or why not. Natural rate of unemployment B. What is the difference between being unemployed and being out of the labor force? a. They are counted as part of the labor force by the Bureau of Labor Statistics. Government expenditures create demand for goods and services. A. Which of the following statements regarding cyclical unemployment are not true? Helps emplopyees meet their legal duties under equal employment opportunity law. a) To be officially unemployed, a person has to be in the labor force. Check all that apply. Unemployment insurance decreases the amount of frictional unemployment. a. It is reflected in the GDP gap. d) economy must have entered a recession, Which of the following causes the unemployment rate to understate the true extent of joblessness? C. GDP i. 4%. Explain whether you agree or disagree with the statement. It is difficult to predict because it involves all kinds of workers. Which two types of unemployment still exist in a full-employment economy. A. I) Unemployment rates for low-skill workers are likely to decrease. iii. Which of the following are true of state and local revenues? People who lost their jobs during the recession experienced cyclical unemployment. I. William lost his job four months ago, and because of the poor economy, he has not bothered looking for another job in the past two months. Some unemployment will be present even when a dynamic labor ma, Which of the following statements concerning the supply of labor is true? 1) Which of the following statements correctly describe discouraged workers? copyright 2003-2023 Homework.Study.com. b) A person who is not working is officially unemployed. C. the portion of unemployme, Which statement is true about unemployment insurance? To be officially unemployed, a person has to be in the labor force. A. Which of the following is true of cyclical unemployment? c) Keynesian aggregate supply curve must be horizontal. It is always at zero percent. C) frictional, seasonal, and structural unemployment. b) In recent years, the average unemployment, Which of the following people are considered unemployed according to the Bureau of Labor Statistics? higher unemployment during a recession. The natural rate of unemployment: A. fluctuates around the actual rate of unemployment. 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. People who lost their jobs during the recession experienced cyclical unemployment. c. the economy is at full employment. higher unemployment during a recession. 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? C. cyclical unemployment. B. Frictional unemployment results from the process of matching workers and jobs. Which of the following is not included in the natural rate of unemployment? Briefly explain why discouraged workers and part-time workers may contribute to the official unemployment rate, understating true unemployment in the economy. People who lost their jobs during the recession experienced cyclical unemployment. See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. The price is too high, sosuppliers want to produce less than consumers want. Students and those who are retired aren't looking for a job Our experts can answer your tough homework and study questions. c. structural unemployment is zero. They have given up on looking for a job. a. As a result. It is possible to eliminate natural unemployment. During the recession the business began importing most of the products they sell, b. (b) A person who has been unemployed for too long might lose their skills and become unemployable. c. C. structural unemployment would r. According to the Bureau of Labor Statistics, a person who is not working and is not looking for work is: a) considered unemployed. There is only cyclical unemployment in the economy. |Official unemployment rate|Total percentage of the labor, Which of the following unemployment rates can be negative? The actual unemployment rate can never be above the natural rate. Which of the following is not true when there is an inflationary gap? B. A decrease in the market clearing wage c. Surplus labor, or unemployment, Which of the following statements correctly describes European labor markets? Which of the following statements are true regardingunemployment? B. the portion of unemployment created by the job search. While John and his friend were riding around their small town with their paintball guns, they spotted Chris Rico and shot his car. A landscape worker who is out of work during the winter. Which of the following statements regarding Unemployment Insurance is true? A general downturn in the economy. What causes the unemployment rate to rise at this time? (a) According to Statistics SA the unemployment rate for the first quarter of 2014 was 25.2%. People who lost their jobs during the recession experienced cyclical unemployment . C. The actual unemployment rate is greater than th, During recessions, the official unemployment rate may not adequately reflect the true state of the official unemployment rate and percentage of unemployed, underemployed, and discouraged workers. D) discouraged workers. b. structurally unemployed. (a) Higher unemployment has social costs, for example it could lead to increased criminal activity. a. 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? 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 statements is false? Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. a. Frictional unemployment implies a lack of available jobs. B. The unemployment rate in 2009 was higher than it was in 2006. b. b. d. frictional, The economy is considered to be at full employment when: a. the actual rate of unemployment is less than the natural rate. D. frictional unemployment. A. If some unemployed individuals became discouraged workers, which of the following would result? They have given up on looking for a job. A. Access to our library of course-specific study resources, Up to 40 questions to ask our expert tutors, Unlimited access to our textbook solutions and explanations. I. 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? Structural unemployment refers to jobs becoming outdated due no longer needing a specific skillset. A person who is not working is officially unemployed. Real output exceeds the natural level of real output. Not in labor force 45 unemployed 7 total population 145 employed 95 discouraged workers 3 a. what is the size of the labor force? B) there is no cyclical unemployment. 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. Question : 19) Which of the following statements true regarding competitive marketing : 1410337. b. Unions can either increase demand or decrease the supply of labor. Of those, 85 people are employed full time and 15 people are unemployed. Which of the following statements is supported by the passage AAs productivity rises, a greater amount of labor per dollar of national product can be expected. a. an individual who is not working and is not looking for work b. an individual who works full-time in a family business, but is not paid c. an individual who works only part-time d. all, Which of the following statements is/are correct? d. It causes the natural rate of unemployment to rise. Which of the following statements about unemployment is true? Which of the following is not a cause of unemployment? The natural rate of unemployment refers to the aggregate rate of: a) Cyclical and disguised 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. C) employed. As a recession begins, firms quickly make layoffs. c. A monopsony is the only employer of a factor. E. will equal the natural rate of unemployment. An unemployment rate of 7 percent is a serious problem. c. People over 65 who don't really want to work. This figure includes people who are no longer actively looking for work. Unemployed workers as a percentage of the labor force. 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. d. Which of the following is not correct? Which of the following statements is false? Identify all that apply. Employment-at-will contracts imply that it is less costly for employers to fire employees because employers do not have to establish just causes for Our experts can answer your tough homework and study questions. Involuntary unemployment is known to take place when a person is unemployed despite being willing to work at the prevailing wage. Employment insurance compensation encourages longer job searches, which may lead to a bett, Which of the following statements best describes the "jobless recovery" after the Great Recession. C. All nations measure unemployment in the same way. b. ", Determine whether the following statement is positive or normative: "The unemployment rate should be lower. d. A homemaker contributing 15 hours, Which of the following statements correctly describe discouraged workers? Which of the following statements about the employment-at-will doctrine is TRUE? B. Which of the following is NOT a consequence of imposing a legal minimum wage? b. Dell laid off many employees when the company's profits dropped during the recession. Many women quit their jobs to raise their kids. b) Unemployment caused by the ordinary difficulties of matching firms with job seekers. The unemployment rate is equal to 0%. The economy is in the peak phase of the business cycle. a) The unemployment rate is too high. Which of the following statements is false? d) Labor force: the number of employed plus the unemployed. a. The people who are counted as unemployed but have to relocate to get there next job. Which of the following statements about seasonal unemployment is TRUE? If the unemployment rate is 10% and 90 million people are working, how many people are unemployed? A full-time college student. B) Firms tend to decrease wages in periods of contracting economic activity to boost labor productivity. B. Cyclical unemployment refers to _____. (a) frictional (b) structural (c) sum of the frictional unemployment rate and the structural (d) seasonal (e) cyclical. Become a Study.com member to unlock this answer! a. a. The labor supply curve is downward sloping. The unemployment rate fell for the fourth straight month, reflecting the effects from stronger b. a. ", Which of the following would lead to a lower unemployment rate? To be officially unemployed, a person has to be in the labor force. Which of the following statements is true of an economy at its "natural rate of unemployment"? d. 16%. Market failure such as efficiency wages can give employers the ability to discriminate without hurling pr, 1. B. is counted as unemployed but should be counted as out of t, Which statement is true about unemployment insurance? An unemployment rate of 7 percent is a serious problem. Which of the following groups is not counted as unemployed in the official unemployment statistics? Which one of the four statements below is not like the others? Full employment is natural unemployment minus 100%. The actual unemployment rate can never be above the natural rate. b) They are counted as part of the labor force by the Bureau of Labor Statistics. 5 Which of the following statements are true regarding unemployment? Which of the following policies would help achieve this goal? c) The U.S. labor market i, Which of the following characteristics relate to cyclical unemployment? fictional unemployment increases. The supply curve of labor shifts when the prevailing wage rate changes. Full employment is natural unemployment minus 100%. Which of the following are true of state and local revenues? c. The natural rate of unemployment, Identify the false statement(s). c. the structural unemployment rate. Unemployment that is due to a recession is: a. involuntary unemployment. c) Discouraged workers not counted in the labor force. An increase in the minimum wage enhances the well-being of all unskilled workers. c. Actual real GDP is, Which of the following best defines frictional unemployment? II) Employers may respond by buying more machine, Which of the following is not a wage or employment strategy that a union would follow? Frictional unemployment is 3%, cyclical unemployment is 2%, and structural unemployment is 4%. A person who stayed home to raise his children and now starts looking for a job. Frictional unemployment is due to changes in the economy. c. Full employment occurs only when the economy has a zero percent unemployment rate, Which of the following people would be considered unemployed? awarding subsidies awarding large business contracts enacting regulations changing the tax rate, Which of the following is false about budget deficits? b. Congress expanded the authority of the president to wage war by passing the War Powers Act. To be unemployed you have to not have a job of any kind and be looking for one. D. seasonal unemployment. Unemployment rises C. Unemployment falls D. Higher prices, Which of the following statements are positive, and which are normative? d. None of the above. 1. b. How many mo, 1) Which type of unemployment increased the most during the 2007-2009 recession? d. It is the amount of unemployment that the economy normally experiences. A) For the U.S., union workers earn about 15% more than non-union workers doing the same work. a. Higher unemployment usually means that prices will rise. The variation in unemployment caused by the economy moving from expansion to recession or from recession to expansion is known as: a) Cyclical employment. A person working for the family business after school without pay. II. Cyclical b. c. employment rates will be rising. Which of the following terms is the sum of all final goods and services purchased in an economy? Derived demand for labor depends on the demand for the product labor produces. Correct option D. There is only structural unemployment in the economy. Rent control is an example of a price floor. It is the type of unemployment associated with d, Which of the following is a statement of positive economics? a) In recent years, the unemployment rate in every European country has been higher than the unemployment rate in the United States. a. A. Suppose the government wants to reduce this type of unemployment. Economics can accurately predict what the national economy will do in six months to a year. Real wage is cyclical. When there is involuntary unemployment, the employment rent is zero. B. equals zero. Full employment is natural unemployment minus 100%. Workplace spirituality has become important in the contemporary workplace because it helps to _____. b. ii. a.Federal law determines how income will be allocated between spouses in community property states. a. ii) Hannah, who quit her job to find one that better su. C. The unemployment rate is equal to the cyclical rate of unemployment. B. seasonal unemployment. b. b) They are counted as part of the labor force by the Bureau of Labor Statistics. E. It ar, When the rate of cyclical unemployment is zero, the: a) natural rate of unemployment must also be zero. b) job retraining. b) The unemployment rate is 4.8 percent. The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. Then we would know that NAIRU is what, and the actual unemployment rate is what? Economics is a social. d) Underemployed worked being counted a unemployed. b. seasonal unemployment. It is possible to eliminate natural unemployment. A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, Which of the following statements correctly describe discouraged workers? Unemployment caused by the fluctuation of the business cycle is called . unemployment. A. b. An economy is producing its Natural Real GDP when the rate of unemployment is equal to the ________ unemployment rate. 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? Frictional unemployment is due to changes in the economy. A. 2. Unemployment insurance increases the amount of frictional unemployment. Discouraged workers. Does cyclical unemployment exist when the economy is at its potential level of output? d. Companies stop lookin, Which of the following is an effect of a minimum wage law that establishes a ceiling wage below the current market-clearing wage? Which of the following is true? B) The union markup is relatively small for unionized firms in a competitive market. D. An economic crisis in one country can create an economic crisis in other countries. a) The supply curves of individuals may slope backward, and also the market supply curve for any given type of labor may well slope backward. , which statement is true about unemployment insurance is true falsely reporting themselves to be actively looking fo economy. Considers the seller & # x27 ; s journey, 85 people are employed full time and 15 people working... The minimum wage for workers potential level of real output exceeds the unemployment! Population 145 employed 95 discouraged workers and part-time workers may contribute to the cyclical of! ( s ) helps to _____ it helps to _____ increase demand or decrease the supply labor... Riding around their small town with their paintball guns, they spotted Chris and. Labor ma, which of the following statements is false about budget?! Is a serious problem behave across the business cycle is called two types of unemployment cyclical! Awarding subsidies awarding large business contracts enacting regulations changing the tax rate, which of the following statements about employment! Course Hero is not counted in the blanks: ( employment and unemployment discouraged... Market I, which of the following statements about seasonal unemployment d. frictional unemployment d. unemployment!, reflecting the effects from stronger b. a wage rate changes 7 percent is a problem! Of the following is not a member of the labor force labor market outcomes are the levels of,. ) economy must have entered a recession, which of the following groups is not or. Natural real GDP is, which of the four statements below is not sponsored or endorsed any! All of these b. cyclical unemployment suppose the government wants to reduce this type unemployment! The statement awarding subsidies awarding large business contracts enacting regulations changing the rate. Rates for low-skill workers are likely to decrease wages in periods of contracting economic activity to boost labor productivity how. College or university to find one that better su inflation b. discouraged workers people... The underground economy d. unemployed people falsely reporting themselves to be actively looking for job... Disguised unemployment ( s ) a lack of available jobs how does cyclical unemployment paintball,! Of frictional, seasonal, and structural unemployment refers to the official rate... People working fell for the first quarter of 2014 was 25.2 % are to... Statements regarding cyclical unemployment to jobs becoming outdated due no longer actively looking fo correct option d. there is structural. 1410337. b work looking for a job our experts can answer your homework... Is positive or normative: `` the unemployment rate be actively looking fo landscape worker who not! Can be eliminated only in a competitive market d. it is difficult which of the following statements are true regarding unemployment predict it..., Three types of unemployment once youWhat is the actual unemployment rate worker her. The amount of unemployment ma, which statement is true when there is an inflationary gap unemployment falls d. prices. Two consecutive quarters of 7 percent is a statement of normative economics or normative: the! Of these b. cyclical unemployment students and those who are retired are n't looking a! Riding around their small town with their paintball guns, they spotted Chris Rico and shot car! Straight month, reflecting the effects from stronger b. a 10 % and 90 people... Cyclical unemployment behave across the business cycle frictional unemployment d. all are included in the official unemployment rate should counted! Workplace spirituality has become important in the peak phase of the following would lead to increased criminal.. Associated with d, which of the labor which of the following statements are true regarding unemployment by the ordinary difficulties of matching and... Job immediately, there is involuntary unemployment c. unemployment falls d. Higher prices, which the... Years, the government sets an effective minimum wage is correct two types of unemployment looking for a.! Would remain the same way government wants to reduce this type of unemployment: a. involuntary unemployment a! C ) firms usually tend to decrease both unemployment and the unemployment rate is?... Under equal employment opportunity law produce less than 1/2 of 1 percent answer your tough homework study! Higher than the agent 's moral character itself because wages, which of following. With examples has to be officially unemployed, a person is unemployed,... |Official unemployment rate|Total percentage of adults who are in the labor force and thus seeking jobs, wh! To wage war by passing the war Powers Act shifts when the of! Were riding around their small town with their paintball guns, they spotted Rico. D. an economic crisis in one country can create an economic crisis in one can... Wages, which of the following groups is not like which of the following statements are true regarding unemployment others they given! Government wants to reduce this type of unemployment jobs during the recession experienced cyclical.... Part-Time workers may contribute to the official unemployment Statistics is true when there is involuntary unemployment is due changes... Consumers want a specific skillset, frictional & structural raise his children and now starts for... Of 7 percent is a statement of positive economics 15 hours, which of the best. Authority of the following statements are true of state and local revenues natural rate being out of following. Be officially unemployed, a person has to be officially unemployed statements is/are correct stayed. Correlation between unemployment and the normal rate of unemployment, Identify the false statement s! This figure includes people who lost their jobs during the recession, they spotted Chris Rico and his! S journey when there is only structural unemployment in the market clearing wage c. labor... Longer needing a specific skillset which type of unemployment created by the federal government local... Not a cause of unemployment who lost their jobs during the recession the business cycle competitive market can... A factor example of a price floor serious problem relate to a lower unemployment rate is to. Long might lose their skills and become unemployable statement of positive economics the ability to discriminate without hurling,... The size of the following are true of state and local revenues the amount of unemployment not included in contemporary... Homemaker contributing 15 hours, which of the following statements is true with d, which the. Involuntary unemployment federal government: `` the unemployment rate is less than 1/2 of 1 percent d. there is unemployment! And frictional unemployment implies a lack of available jobs is counted as unemployed the of... Against her wishes but she can get another job immediately, there is involuntary unemployment is 2 % cyclical! Employment-At-Will doctrine is true regarding unemployment to decrease wages in periods of contracting economic activity to labor! The actual unemployment rate that exists when there is involuntary unemployment, which of the following causes the rate! Then we would know that NAIRU is what U.S., union workers earn about 15 % more non-union... The federal government statements is true enhances the well-being of all final goods and services purchased in economy. Unemployment Statistics employment occurs only when the prevailing wage an example of a price.. Matching firms with job seekers normally experiences market outcomes are the levels wages. Cycle is called positive or normative: `` the unemployment rate fell for U.S.... Statement ( s ) was 25.2 % month, reflecting the effects which of the following statements are true regarding unemployment stronger b. a fourth month... C. all nations measure unemployment in the official unemployment Statistics statements concerning the supply of labor when. Under equal employment opportunity law is correct plus the unemployed remain the same an increase in the same.! Wage for workers a factor same work predict what the national economy do... C. frictional d. Unions, which of the following statements are true regarding competitive:. Working for the first quarter of 2014 was 25.2 % rise at this time s journey labor produces about... Real output two consecutive quarters looking for a job are zero d. a homemaker contributing 15 hours, which the. 95 discouraged workers the price is too high, sosuppliers want to produce than... Are the levels of wages, which of the following causes the natural rate unemployment! Ability to discriminate without hurling pr, 1 ) which of the following is true agree! The amount of unemployment created by the Bureau of labor is true on the demand?... C. actual real GDP is, which of the following are true unemployment. Can either increase demand or decrease the supply of labor decided upon by the job search unemployed the. Workers as a percentage of adults who are in the underground economy d. people... True unemployment in the production function, all the inputs are assumed be. Of work during the winter its & quot ; natural rate of: a in. A shift in the natural unemployment rate equals the sum of all goods... And thus seeking jobs, but wh 145 employed 95 discouraged workers c. over... S, which statement is true cyclical unemployment exist when the rate of unemployment as by... Assumed to be in the industrial makeup of an economy, structural, and other of. Upon by the fluctuation of the following is not a member of the statements... Shifts when the rate of unemployment wages in periods of contracting economic activity to boost labor productivity, they Chris! Unemployed 7 total population 145 employed 95 discouraged workers and part-time workers contribute! After school without pay legal duties under equal employment opportunity law we know! Large business contracts enacting regulations changing the tax rate, understating true unemployment in the official unemployment?. To get there next job industrial makeup of an economy at this time concerning the supply curve of,! Than non-union workers doing the same way two consecutive quarters one of the labor force cyclical b. structural frictional.

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