Exam 13: Unemployment: the Legacy of Recession, Technological Change, and Free Choice
Exam 1: Economic Growth: an Introduction to Scarcity and Choice89 Questions
Exam 2: An Introduction to Economic Systems and the Workings of the Price System94 Questions
Exam 3: Competitive Markets and Government Policy: Agriculture138 Questions
Exam 4: Efficiency in Resource Allocation: How Much Do We Have How Much Do We Want49 Questions
Exam 5: Market Power: Does It Help or Hurt the Economy93 Questions
Exam 6: Air Pollution: Balancing Benefits and Costs85 Questions
Exam 7: Health Care: How Much for Whom70 Questions
Exam 8: Crime and Drugs: a Modern Dilemma104 Questions
Exam 9: College Education: Is It Worth the Cost71 Questions
Exam 10: Educational Reform: the Role of Incentives and Choice79 Questions
Exam 11: Poverty: Old and New Approaches to a Persistent Problem96 Questions
Exam 12: Tracking and Explaining the Macroeconomy116 Questions
Exam 13: Unemployment: the Legacy of Recession, Technological Change, and Free Choice101 Questions
Exam 14: Inflation: a Monetary Phenomenon103 Questions
Exam 15: Sustained Budget Deficits: Is This Any Way to Run a Government84 Questions
Exam 16: Social Security: Leading Issues and Approaches to Reform65 Questions
Exam 17: International Trade: Beneficial, but Controversial88 Questions
Exam 18: Financing Trade and the Trade Deficit77 Questions
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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:
(Multiple Choice)
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Individuals are considered unemployed if they do not have a job.
(True/False)
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Use the following diagram to answer the following questions.
-Refer to Minimum Wage. The imposition of a minimum wage would:

(Multiple Choice)
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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.
(True/False)
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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.
(True/False)
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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:
(Multiple Choice)
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Job training programs are probably necessary to reduce structural unemployment.
(True/False)
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Suppose the unemployment rate increases. Which of the following groups is likely to have the most adverse affect?
(Multiple Choice)
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Frictional unemployment helps the economy to operate more efficiently.
(True/False)
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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:
(Multiple Choice)
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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."
(Essay)
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Use the following diagram to answer the following questions.
-Refer to Minimum Wage. As a result of the minimum wage:

(Multiple Choice)
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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:
(Multiple Choice)
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Which of the following results in impediments to accepting employment in most European nations?
(Multiple Choice)
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Which of the following is most likely to result in an increase in structural unemployment?
(Multiple Choice)
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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:
(Multiple Choice)
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The minimum wage would have the most adverse effect on which of the following groups?
(Multiple Choice)
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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:
(Multiple Choice)
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