Unit 1 Intellipath_Unemployment (1) - Unit 1 Intellipath Applied Managerial Economics(ECON616-1802B-03 Unemployment Vincent L Smith Natural

Unit 1 Intellipath_Unemployment (1) - Unit 1...

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Unit 1 Intellipath Applied Managerial Economics (ECON616-1802B-03) Unemployment Vincent L. Smith May 15, 2018 Natural unemployment __________. A. is the unemployment rate used often by economists and the government U6 employment __________. A. includes marginally attached workers B. includes those unemployed not looking for a job, but wanting a job C. includes total employment ________ unemployment is the mismatch between the employer’s requirements and the current or prospective employee’s ability to meet them. A. Frictional Discouraged workers ______ A. are viewed as the hidden faces of unemployment B. are individuals who have stopped looking for a job after a significant period of time C. are not included in the unemployment statistics D. distort the true rate of unemployment ________ unemployment is a consequence of industry-wide changes in technology. A. Structural Underemployment _____ A. often occurs when an individual is overqualified for a job B. distorts the real rate of unemployment C. results in an underemployed worker Unemployment benefits __________. A. are normally administered by the states B. are transfer payments for workers who lose their job
C. are for a specific period of time Natural unemployment __________. A. includes frictional unemployment B. Includes part time workers C. does not include discouraged workers D. is the unemployment rate used often by economists and the government To be in the labor force, an individual __________. A. must be at least 16 years old B. must be able bodied __________ unemployment moves along with changes of the business cycle. A. Cyclical The ______ population is the number of people between 16 and 65 within a country. A. Working-age Cyclical unemployment __________. A. is lower during high growth periods

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