Question 1

If N is the working-age population,Q is the labor force,and U is the number of unemployed,then the participation rate is measured as

Accepted Answer

A)  U/N 
B)  Q/U 
C)  Q/N 
D)  (Q-U)/N 
A)  U/N 
B)  Q/U 
C)  Q/N 
D)  (Q-U)/N

Question 2

If N is the working-age population,Q is the labor force,and U is the number of unemployed,then the employment/population ratio is measured as

Accepted Answer

A)  N/Q 
B)  U/Q 
C)  (Q-U)/N 
D)  Q/N 
A)  N/Q 
B)  U/Q 
C)  (Q-U)/N 
D)  Q/N

Question 3

The participation rate was higher in 2012 than in 1948 because

Accepted Answer

A)  the labor force was larger in 2012 than in 1948. 
B)  the unemployment rate became less variable over time. 
C)  of the Great Moderation 
D)  the participation rate of women rose between 1948 to 2012. 
A)  the labor force was larger in 2012 than in 1948. 
B)  the unemployment rate became less variable over time. 
C)  of the Great Moderation 
D)  the participation rate of women rose between 1948 to 2012.

Question 4

In the DMP model,a decrease in productivity

Accepted Answer

A)  decreases the unemployment rate. 
B)  reduces the vacancy rate. 
C)  increases the unemployment rate. 
D)  increases the size of the labor force. 
A)  decreases the unemployment rate. 
B)  reduces the vacancy rate. 
C)  increases the unemployment rate. 
D)  increases the size of the labor force.

Question 5

In the DMP model,

Accepted Answer

A)  Each consumer decides between searching for work and home production. 
B)  Each consumer decides whether or not to accept a job. 
C)  Each consumer decides whether to start a new business or to seek employment as a worker. 
D)  Each consumer decides whether to stay in his or her existing job or search for a new job. 
A)  Each consumer decides between searching for work and home production. 
B)  Each consumer decides whether or not to accept a job. 
C)  Each consumer decides whether to start a new business or to seek employment as a worker. 
D)  Each consumer decides whether to stay in his or her existing job or search for a new job.

Question 6

In the 1948-2012 data,the unemployment rate was highest in

Accepted Answer

A)  2009 
B)  1991 
C)  1975 
D)  1982 
A)  2009 
B)  1991 
C)  1975 
D)  1982

Question 7

In the DMP model

Accepted Answer

A)  the market wage is equal to the marginal product of labor. 
B)  the market wage is equal to the marginal rate of substitution of leisure for consumption. 
C)  the wage is equal to the marginal rate of transformation. 
D)  the wage is determined by bargaining between the firm and the worker. 
A)  the market wage is equal to the marginal product of labor. 
B)  the market wage is equal to the marginal rate of substitution of leisure for consumption. 
C)  the wage is equal to the marginal rate of transformation. 
D)  the wage is determined by bargaining between the firm and the worker.

Question 8

In the DMP model

Accepted Answer

A)  the firm threatens the worker with separation and takes all the surplus from the match. 
B)  the firm's surplus from a match is equal to a constant fraction of total surplus. 
C)  the firm earns zero profits in a match. 
D)  when a match occurs, the firm is indifferent between continuing with the match and letting the worker go. 
A)  the firm threatens the worker with separation and takes all the surplus from the match. 
B)  the firm's surplus from a match is equal to a constant fraction of total surplus. 
C)  the firm earns zero profits in a match. 
D)  when a match occurs, the firm is indifferent between continuing with the match and letting the worker go.

Question 9

In the DMP model,an increase in the unemployment insurance benefit does not,under any circumstances

Accepted Answer

A)  increase the vacancy rate. 
B)  increase the unemployment rate. 
C)  reduce labor market tightness. 
D)  reduce the size of the labor force. 
A)  increase the vacancy rate. 
B)  increase the unemployment rate. 
C)  reduce labor market tightness. 
D)  reduce the size of the labor force.

Question 10

If N is the working-age population,Q is the labor force,and U is the number of unemployed,then the unemployment rate is measured as

Accepted Answer

A)  U/N 
B)  U/Q 
C)  U/(N-Q) 
D)  Q/N 
A)  U/N 
B)  U/Q 
C)  U/(N-Q) 
D)  Q/N

If N is the working-age population,Q is the labor force,and U is the number of unemployed,then the participation rate is measured as

If N is the working-age population,Q is the labor force,and U is the number of unemployed,then the employment/population ratio is measured as

The participation rate was higher in 2012 than in 1948 because

In the DMP model,a decrease in productivity

In the DMP model,

In the 1948-2012 data,the unemployment rate was highest in

In the DMP model

In the DMP model

In the DMP model,an increase in the unemployment insurance benefit does not,under any circumstances

If N is the working-age population,Q is the labor force,and U is the number of unemployed,then the unemployment rate is measured as

Introduction

Measurement

Business Cycle Measurement

Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization

A Closed-Economy One-Period Macroeconomic Model

Economic Growth: Malthus and Solow

Income Disparity Among Countries and Endogenous Growth

A Two-Period Model: The Consumption-Savings Decision and Credit Markets

Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security

A Real Intertemporal Model with Investment

Money, Banking, Prices, and Monetary Policy

Business Cycle Models with Flexible Prices and Wages

New Keynesian Economics: Sticky Prices

International Trade in Goods and Assets

Money in the Open Economy

Money, Inflation, and Banking

Inflation, the Phillips Curve, and Central Bank Commitment

Filters

Exam 6: Search and Unemployment

If N is the working-age population,Q is the labor force,and U is the number of unemployed,then the participation rate is measured as

If N is the working-age population,Q is the labor force,and U is the number of unemployed,then the employment/population ratio is measured as

The participation rate was higher in 2012 than in 1948 because

In the DMP model,a decrease in productivity

In the DMP model,

In the 1948-2012 data,the unemployment rate was highest in

In the DMP model

In the DMP model

In the DMP model,an increase in the unemployment insurance benefit does not,under any circumstances

If N is the working-age population,Q is the labor force,and U is the number of unemployed,then the unemployment rate is measured as

Introduction

Measurement

Business Cycle Measurement

Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization

A Closed-Economy One-Period Macroeconomic Model

Economic Growth: Malthus and Solow

Income Disparity Among Countries and Endogenous Growth

A Two-Period Model: The Consumption-Savings Decision and Credit Markets

Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security

A Real Intertemporal Model with Investment

Money, Banking, Prices, and Monetary Policy

Business Cycle Models with Flexible Prices and Wages

New Keynesian Economics: Sticky Prices

International Trade in Goods and Assets

Money in the Open Economy

Money, Inflation, and Banking

Inflation, the Phillips Curve, and Central Bank Commitment

Filters