practicetest-Ch6 Results

# practicetest-Ch6 Results - practicetest-Ch6 Results...

This preview shows pages 1–3. Sign up to view the full content.

30% (6 out of 20 correct) 1. If the number of employed workers equals 200 million and the number of unemployed workers equals 20 million, the unemployment rate equals _____ percent (rounded to the nearest percent). A. 0 B. 9 C. 10 D. 20 2. In a steady state: A. no hiring or firings are occurring. B. the number of people finding jobs equals the number of people losing jobs. C. the number of people finding jobs exceeds the number of people losing jobs. D. the number of people losing jobs exceeds the number of people finding jobs. 3. If the steady-state rate of unemployment equals 0.10 and the fraction of employed workers who lose their jobs each month (the rate of job separation) is 0.02, then the fraction of unemployed workers who find jobs each month (the rate of job findings) must be: A. 0.02. B. 0.08. C. 0.10. D. 0.18. 4. Any policy aimed at lowering the natural rate of unemployment must either ______ the rate of job separation or ______ the rate of job finding. A. reduce; reduce B. increase; increase C. reduce; increase D. increase; reduce practicetest-Ch6 Results http://www.colorado.edu/Economics/courses/fall06-3080-003/practicetes. .. 1 of 5 11/6/2009 2:54 PM

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
5. One reason for unemployment is that: A. it takes time to match workers and jobs. B.
This is the end of the preview. Sign up to access the rest of the document.

## This note was uploaded on 11/17/2009 for the course ECO 121212 taught by Professor Smith during the Spring '09 term at Culver-Stockton.

### Page1 / 5

practicetest-Ch6 Results - practicetest-Ch6 Results...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online