Chapter 8 First Homework.docx - Chapter 8 First Homework 1...

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Chapter 8 First Homework 1. Discouraged workers: are working part-time but are looking for a full-time job. are getting paid too little. do not like their job. have given up looking for a job. 2. In general, for the U.S. economy, the relation between unemployment and economic growth is: neutral. negative. direct. positive. 3. Structural unemployment consists of people who are unemployed because of: more labor demanded than labor supplied. temporary changes in jobs. the time it takes for employers and workers to find each other. more job hunters than jobs. 4. Unemployment that is due to the time workers spend in job search is _____ unemployment. frictional cyclical structural natural 5. Shoe-leather costs are the: effect of inflation on transportation costs. effect of inflation on the prices of food, clothes, and other necessities. high price of leather goods. increased cost of transactions due to inflation. 6. The rate of unemployment when the economy is at full employment is: zero.
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