Question

21. Insofar as government public policy is concerned, the best way to battle unemployment would be A. to minimize the severity of recessions B. to maximize unemployment payments C. to maximize unemployment insurance duration D. to minimize labor unions 22. The labor force consists of A. discouraged workers, employed workers, plus those actively seeking work. B. all adults who are working or actively seeking work. C. all adults who are able to work D. all adults who are working, plus those not working. 23. The unemployment rate may underestimate the true extent of unemployment if A. many people have a part time as well as a full time job. B. there are a large number of people working in the underground economy C. many people become discouraged and cease looking for work. D. employees increase the number of hours they work overtime 24. The extent of how easy it is for workers to learn about alternative jobs, which may reflect the ease of communications about job prospects in the economy will depend on A. frictional unemployment B. cyclical unemployment C. seasonal unemployment D. cyclical employment

Answer 1

Insofar as government public policy is concerned, the best way to battle unemployment would be a to minimize the severity of recessions The labor force consists of all adults who are working or actively seeking work The unemployment rate may underestimate the true extent of unemployment if many part - time employees would like to work fulltime, but are unable to get the additional work The unemployment rate may underestimates the true extent of unemployment if many people become discouraged and cease looking for work frictional unemployment