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Unit 1 IntellipathApplied Managerial Economics (ECON616-1802B-03)UnemploymentVincent L. SmithMay 15, 2018 Natural unemployment __________.A.is the unemployment rate used often by economists and the governmentU6 employment __________.A.includes marginally attached workersB.includes those unemployed not looking for a job, but wanting a jobC.includes total employment________ unemployment is the mismatch between the employer’s requirements and the current or prospective employee’s ability to meet them.A.FrictionalDiscouraged workers ______A.are viewed as the hidden faces of unemploymentB.are individuals who have stopped looking for a job after a significant period of timeC.are not included in the unemployment statisticsD.distort the true rate of unemployment________ unemployment is a consequence of industry-wide changes in technology. A.StructuralUnderemployment _____ A.often occurs when an individual is overqualified for a jobB.distorts the real rate of unemployment C.results in an underemployed workerUnemployment benefits __________.A.are normally administered by the statesB.are transfer payments for workers who lose their job
C.are for a specific period of timeNatural unemployment __________.A.includes frictional unemploymentB.Includes part time workersC.does not include discouraged workersD.is the unemployment rate used often by economists and the governmentTo be in the labor force, an individual __________.A.must be at least 16 years oldB.must be able bodied__________ unemployment moves along with changes of the business cycle. A.CyclicalThe ______ population is the number of people between 16 and 65 within a country. A.Working-ageCyclical unemployment __________.A.is lower during high growth periods