practicequestions6spring2005

practicequestions6spring2005 - Economics 302 Spring 2005...

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Economics 302 Spring 2005 Practice Questions 6 for Chapter 6 Multiple Choice Questions: 1. Which of the following statements is true? a. The natural rate of unemployment is equivalent to the NAIRU, or the non- accelerating inflation rate of unemployment. b. The Classical Model assumes the economy operates at the natural rate of unemployment. c. The rate of unemployment depends solely on the rate of job separation. d. All of the above. e. (a) and (b) 2. Which of the following are not included in the civilian labor force? a. The population under sixteen years of age b. The population housed in prisons or institutions c. Those people who are categorized as discouraged workers d. Full-time military e. All of the above are excluded from the civilian labor force. 3. If the unemployment rate is in a steady-state equilibrium then it must be true that a. There are no discouraged workers. b. The rate of job separation exceeds the rate of job finding. c. The rate of job separation equals the rate of job finding. d. The rate of job separation is less than the rate of job finding. e. None of the above. 4. If the rate of job separation decreases holding everything else constant, then a. The rate of job finding increases. b.
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practicequestions6spring2005 - Economics 302 Spring 2005...

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