4. If an unemployed person quits looking for work, ceteris paribus, A. the unemployment rate increases....
4. If an unemployed person quits looking for work, ceteris paribus,
A. the unemployment rate increases.
B. the unemployment rate decreases.
C. the size of the labor force falls.
D. A and C, only
E. B and C only
6. Which of the following statements is (are) correct?
(x) Job search is the process of matching workers with appropriate jobs and people who are unemployed because of job search are best classified as frictionally unemployed.
(y) Frictional unemployment can be the consequence of an industry declining while another is growing or workers leaving existing jobs to find ones they like better.
(z) From time to time the demand for workers has risen in one region of the United States and fallen in another. This illustrates frictional unemployment created by sectoral shifts.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (x) only
7. Which of the following statements is (are) correct?
(x) Unemployment that results because the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one is called structural
(y) People who are unemployed because wages are, for some reason, set above the level that brings labor supply and demand into equilibrium are best classified as structurally unemployed.
(z) Jill is searching for a job that suits her tastes about where to live and Jack is looking for a job that makes best use of his skills. Both Jill and Jack are frictionally unemployed.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (z) only
Homework Answers
4. Option E
Unemployment rate =
(Unemployed)/(Employed + Unemployed)
Labor force = (Employed + Unemployed)
So, when unemployed person quits, the unemployment rate and labor
force both decreases
6. Option A.
Frictional unemployed is the one when people look for better opportunities
7. Option A
Structural unemployment results from industrial reorganization, because of technological changes
Frictional unemployed is resultant of one’s tastes, preferences and skill sets
Add Answer to:
4. If an unemployed person quits looking for work,
ceteris paribus,
A. the unemployment rate increases....
4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially....
4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, will The temporary unemployment resulting from such sectoral shifts in the economy is best described as unemployment The temporary the Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve...
4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially....
4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will 2. The demand for labor among automobile-producing firms in Michigan, for which steel is an input, will . The temporary unemployment resulting from such sectoral shifts in the economy is best described as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal?...
3. Types of unemployment The three people described in the following table are categorized as unemployed...
3. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Lucia is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. Ginny just graduated from college and...
3. Types of unemployment The three people described in the following table are categorized as unemployed...
3. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identily each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Beth is a real estate agent House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. 0 0 0 Sam left his...
In June there are 30,000 people classified as unemployed and the size of the labor force is 600,000. The only c...
In June there are 30,000 people classified as unemployed and the size of the labor force is 600,000. The only change between June a July is that 10,000 of the unemployed give up looking for work. Which of the following is true? A) In June the unemployment rate was 6% and in July the unemployment rate was 3.8% B) The unemployment rate in both June and July was 5%. C) In June the unemployment rate was 5% and in July...
In June there are 30,000 people classified as unemployed and the size of the labor force is 600,000. The only chang...
In June there are 30,000 people classified as unemployed and the size of the labor force is 600,000. The only change between June and July is that 10,000 of the unemployed give up looking for work. Which of the following is true? A) In June the unemployment rate was 6% and in July the unemployment rate was 3.8%. B) The unemployment rate in both June and July was 5%. C) In June the unemployment rate was 5% and in July...
TUTALT Macro - Fall 2019 Quiz 3 Chapter 22 & 23 NAME If Samantha quits her...
TUTALT Macro - Fall 2019 Quiz 3 Chapter 22 & 23 NAME If Samantha quits her job voluntarily and actively quits her job voluntarily and actively searches for other work, then she is considered A) structurally unemployed. B) frictionally unemployed. place C) cyclically unemployed. D) not to be unemployed. Telephone operators who have lost their jobs as a result of computerized switchboards are an example of A) structural unemployment. B) frictional unemployment. C) cyclical unemployment. D) voluntary unemployment. The floods...
Which of the following is a shortcoming of the unemployment rate? Choose one or more: A....
Which of the following is a shortcoming of the unemployment
rate?
Choose one or more:
A. There are too few observations collected monthly. The
small sample size causes inaccurate measurements.
B. Temporary workers are not counted as
employed.
C. If someone is working at a lower-paying job but is
qualified for a higher-paying job, he/she is counted as
unemployed.
D. The unemployment rate does not include discouraged
workers.
Which of the following can lower the level of frictional
unemployment over...
NAME Table 1: Employed 14.000 people Unemployed 3,000 people Not in the Labor Force 4,000 people...
NAME Table 1: Employed 14.000 people Unemployed 3,000 people Not in the Labor Force 4,000 people Refer to Table 1. The labor force equals A) 14,000 people. B) 17,000 people C) 18,000 people. D) 21,000 people will incre. er porma Refer to Table 1. The unemployment rate is A) 14.3% B) 16.7% C) 17.6% D) 25.0% ease ge. at? (11 Refer to l. The labor-force participation rate is A) 66.7% B) 75.0% C) 77,8% D) 80.9% dies fo this a...
3rd attempt Which of the following can be responsible for a drop in the unemployment rate?...
3rd attempt Which of the following can be responsible for a drop in the unemployment rate? Choose one or more: A. More people become employed. B. The labor force shrinks. C. There is an increase in the number of discouraged workers. D. More people with full-time jobs become part-time workers. 2nd attempt Which of the following can lower the level of frictional unemployment over time? Choose one or more: A. reducing the regulations on hiring practices in a country B....
4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, will The temporary unemployment resulting from such sectoral shifts in the economy is best described as unemployment The temporary the Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve...
4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will 2. The demand for labor among automobile-producing firms in Michigan, for which steel is an input, will . The temporary unemployment resulting from such sectoral shifts in the economy is best described as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal?...
3. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identily each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Beth is a real estate agent House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. 0 0 0 Sam left his...
In June there are 30,000 people classified as unemployed and the size of the labor force is 600,000. The only change between June a July is that 10,000 of the unemployed give up looking for work. Which of the following is true? A) In June the unemployment rate was 6% and in July the unemployment rate was 3.8% B) The unemployment rate in both June and July was 5%. C) In June the unemployment rate was 5% and in July...
In June there are 30,000 people classified as unemployed and the size of the labor force is 600,000. The only change between June and July is that 10,000 of the unemployed give up looking for work. Which of the following is true? A) In June the unemployment rate was 6% and in July the unemployment rate was 3.8%. B) The unemployment rate in both June and July was 5%. C) In June the unemployment rate was 5% and in July...
TUTALT Macro - Fall 2019 Quiz 3 Chapter 22 & 23 NAME If Samantha quits her job voluntarily and actively quits her job voluntarily and actively searches for other work, then she is considered A) structurally unemployed. B) frictionally unemployed. place C) cyclically unemployed. D) not to be unemployed. Telephone operators who have lost their jobs as a result of computerized switchboards are an example of A) structural unemployment. B) frictional unemployment. C) cyclical unemployment. D) voluntary unemployment. The floods...
Which of the following is a shortcoming of the unemployment
rate?
Choose one or more:
A. There are too few observations collected monthly. The
small sample size causes inaccurate measurements.
B. Temporary workers are not counted as
employed.
C. If someone is working at a lower-paying job but is
qualified for a higher-paying job, he/she is counted as
unemployed.
D. The unemployment rate does not include discouraged
workers.
Which of the following can lower the level of frictional
unemployment over...
NAME Table 1: Employed 14.000 people Unemployed 3,000 people Not in the Labor Force 4,000 people Refer to Table 1. The labor force equals A) 14,000 people. B) 17,000 people C) 18,000 people. D) 21,000 people will incre. er porma Refer to Table 1. The unemployment rate is A) 14.3% B) 16.7% C) 17.6% D) 25.0% ease ge. at? (11 Refer to l. The labor-force participation rate is A) 66.7% B) 75.0% C) 77,8% D) 80.9% dies fo this a...
3rd attempt Which of the following can be responsible for a drop in the unemployment rate? Choose one or more: A. More people become employed. B. The labor force shrinks. C. There is an increase in the number of discouraged workers. D. More people with full-time jobs become part-time workers. 2nd attempt Which of the following can lower the level of frictional unemployment over time? Choose one or more: A. reducing the regulations on hiring practices in a country B....
Most questions answered within 3 hours.
-
If the momentum of a system is conserved, is the momentum of
each particle in the...
asked 10 minutes ago -
What does Socrates defense reveal about the values he lives by?
What matters most to Socrates?
asked 32 minutes ago -
A sample of ore containing manganese weighed 1.2354 grams. This
sample was heated in a solution...
asked 1 hour ago -
In JAVA please (need answers in a few hours!)
Exercise #2: Design and implement a program...
asked 4 hours ago -
The mass spectrum of an organic compound shows the relative
abundances of M to be 53.76%...
asked 5 hours ago -
Coca Cola’s strategy of “think local, act local” represents a
__________ approach.
Question options:
1)
transnational...
asked 5 hours ago -
which of the following is not a category of project management
risk?
a) external
b) internal...
asked 6 hours ago -
Focus on Critical Thinking: Are citizen suit provisions an
effective way to achieve environmental objectives? Do...
asked 6 hours ago -
Gaseous butane CH3CH22CH3 will react with gaseous oxygen O2 to
produce gaseous carbon dioxide CO2 and...
asked 7 hours ago -
Required to construct counters using synchronous sequential
logic. Use one hex digit to display the result....
asked 7 hours ago -
(Ultra) Large-Scale Systems –Characteristics?
explain in detail
How the nature of an enterprise affect complex...
asked 7 hours ago -
Some of the antibiotic susceptible strains show colonies within
the clear zone. What it does this...
asked 7 hours ago