Use the following information to answer the following questions. $ \begin{array}{lr}\text { Homemakers } & 55,000 \\ \text { Retired Persons } & 25,000 \\ \text { College Students } & 32,000 \\ \text { Part-time Workers } & 39,120 \\ \text { Full-time Workers } & 523,700 \\ \text { Persons 16 years of age and older actively seeking employment } & 23,680 \\ \text { Individuals on strike } & 5,500\end{array} $ -Refer to Homemakers. The unemployment rate is:

A) 7 percent. B) 6 percent. C) 5 percent. D) 4 percent. A) 7 percent. B) 6 percent. C) 5 percent. D) 4 percent.

Exam 13: Unemployment: the Legacy of Recession, Technological Change, and Free Choice

Evaluate the following statement. "Government can use expansionary fiscal and monetary policies to deal with unemployment."

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Question 1

Correct Answer:

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The government can use expansionary policies to deal with cyclical unemployment; however, the student should be aware of the fact that expansionary policies will be of little use in dealing with unemployment caused by structural changes in the economy or frictional unemployment.

If full employment GDP is $6,000 billion and actual GDP is $5,500 billion, the economy is most likely experiencing:

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Question 2

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An increase in cyclical unemployment would most likely be caused by:

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Question 3

Correct Answer:

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Use the following information to answer the following questions. -Refer to Labor Force. Calculate the number of persons in the civilian labor force.

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Question 4

An increase in the natural rate of unemployment would most likely result from an increase:

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Question 5

Which of the following groups is likely to have the highest unemployment rate?

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Question 6

The number of persons employed plus the number of persons unemployed is:

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Question 7

Suppose the number of people aged 16 - 65 is 4,000,000. The number of these individuals who are working full time is 2,000,000, those working part-time is 650,000, and those not working, but seeking employment is 106,000. What is the unemployment rate?

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Question 8

Use the following diagram to answer the following questions. -Refer to Diagram 13-1. Suppose the economy is currently in equilibrium at point A. If households decrease spending, this would most likely:

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Question 9

Which of the following is most likely to result in a decrease of structural unemployment?

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Question 10

If households and firms become pessimistic about the future of the economy:

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Question 11

Changes in the unemployment rate over the business cycle are most likely caused by:

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Question 12

An automobile production line worker who is laid off as a result of robotics being employed in the factory is an example of a structurally unemployed worker.

(True/False)

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Question 13

Which of the following best describes cyclical unemployment?

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Question 14

Use the following information to answer the following questions. Homemakers 55,000 Retired Persons 25,000 College Students 32,000 Part-time Workers 39,120 Full-time Workers 523,700 Persons 16 years of age and older actively seeking employment 23,680 Individuals on strike 5,500 -Refer to Homemakers. The unemployment rate is:

(Multiple Choice)

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Question 15

Suppose GDP is currently at the full employment level. If aggregate demand falls, this will most likely lead to:

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Question 16

Teenagers are among those most adversely affected by the minimum wage.

(True/False)

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Question 17

Suppose the population 16 of years of age or older is 4,000,000, the number of employed is 2,700,000, and the number of unemployed is 200,000. The unemployment rate is:

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Question 18

Higher wages due to the minimum wage and the bargaining power of labor unions have contributed to the unemployment problem in most European countries.

(True/False)

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Question 19

An increase in government spending or taxes will result in an increase in aggregate demand.

(True/False)

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Question 20

Showing 1 - 20 of 101

Evaluate the following statement. "Government can use expansionary fiscal and monetary policies to deal with unemployment."

If full employment GDP is $6,000 billion and actual GDP is $5,500 billion, the economy is most likely experiencing:

An increase in cyclical unemployment would most likely be caused by:

Use the following information to answer the following questions. -Refer to Labor Force. Calculate the number of persons in the civilian labor force.

An increase in the natural rate of unemployment would most likely result from an increase:

Which of the following groups is likely to have the highest unemployment rate?

The number of persons employed plus the number of persons unemployed is:

Suppose the number of people aged 16 - 65 is 4,000,000. The number of these individuals who are working full time is 2,000,000, those working part-time is 650,000, and those not working, but seeking employment is 106,000. What is the unemployment rate?

Use the following diagram to answer the following questions. -Refer to Diagram 13-1. Suppose the economy is currently in equilibrium at point A. If households decrease spending, this would most likely:

Which of the following is most likely to result in a decrease of structural unemployment?

If households and firms become pessimistic about the future of the economy:

Changes in the unemployment rate over the business cycle are most likely caused by:

An automobile production line worker who is laid off as a result of robotics being employed in the factory is an example of a structurally unemployed worker.

Which of the following best describes cyclical unemployment?

Suppose GDP is currently at the full employment level. If aggregate demand falls, this will most likely lead to:

Teenagers are among those most adversely affected by the minimum wage.

Suppose the population 16 of years of age or older is 4,000,000, the number of employed is 2,700,000, and the number of unemployed is 200,000. The unemployment rate is:

Higher wages due to the minimum wage and the bargaining power of labor unions have contributed to the unemployment problem in most European countries.

An increase in government spending or taxes will result in an increase in aggregate demand.

Economic Growth: an Introduction to Scarcity and Choice

An Introduction to Economic Systems and the Workings of the Price System

Competitive Markets and Government Policy: Agriculture

Efficiency in Resource Allocation: How Much Do We Have How Much Do We Want

Market Power: Does It Help or Hurt the Economy

Air Pollution: Balancing Benefits and Costs

Health Care: How Much for Whom

Crime and Drugs: a Modern Dilemma

College Education: Is It Worth the Cost

Educational Reform: the Role of Incentives and Choice

Poverty: Old and New Approaches to a Persistent Problem

Tracking and Explaining the Macroeconomy

Inflation: a Monetary Phenomenon

Sustained Budget Deficits: Is This Any Way to Run a Government

Social Security: Leading Issues and Approaches to Reform

International Trade: Beneficial, but Controversial

Financing Trade and the Trade Deficit

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