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

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After their second child was born, Brian decided to stay at home to be with the children. Brian would be classified as:

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Individuals are considered unemployed if they do not have a job.

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Use the following diagram to answer the following questions. Use the following diagram to answer the following questions.    -Refer to Minimum Wage. The imposition of a minimum wage would: -Refer to Minimum Wage. The imposition of a minimum wage would:

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The full employment rate of unemployment will change over time as the composition of the labor force and other factors change.

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The target rate of unemployment is currently about:

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If input prices are not "sticky," changes in aggregate supply will quickly eliminate any unemployment caused by a change in aggregate demand.

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Jack holds two part-time jobs to make ends meet. He loses one of them for sleeping on the job. Jack would be classified as:

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Job training programs are probably necessary to reduce structural unemployment.

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Suppose the unemployment rate increases. Which of the following groups is likely to have the most adverse affect?

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Frictional unemployment helps the economy to operate more efficiently.

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Sally quits her job and decides to go on a vacation to recover from hard work over the past several years. Sally would be classified as:

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Is the following statement true or False? Defend your answer. "Expansionary fiscal and monetary policies would not be very effective in dealing with the unemployment problems experienced by most European nations."

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Use the following diagram to answer the following questions. Use the following diagram to answer the following questions.    -Refer to Minimum Wage. As a result of the minimum wage: -Refer to Minimum Wage. As a result of the minimum wage:

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The unemployment rate is defined as:

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Robert has worked for the past twenty years on an assembly line at a General Motors plant. Recently Robert was laid off as robots were put on the line. Robert is experiencing:

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Which of the following results in impediments to accepting employment in most European nations?

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Which of the following is most likely to result in an increase in structural unemployment?

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Tamika worked as an accountant for the past twenty years in an accounting firm. Recently Tamika was laid off as the firm fully computerized the operations. Tamika is experiencing:

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The minimum wage would have the most adverse effect on which of the following groups?

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Rich is laid off his job. As a result, his income falls by $35,000. This is an example of unemployment's:

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