Practice Quiz Chapter 302 - Score 0/1 9 Which of the...

Info iconThis preview shows pages 1–9. Sign up to view the full content.

View Full Document Right Arrow Icon
Practice Quiz Chapter 32 Started: June 11, 2010 9:18 AM Submitted: June 11, 2010 9:18 AM Time spent: 00:00:05 Total score: 0/20 = 0% 1. Frictional unemployment arises from Student Response Value Correct Answer Feedback A. the poor skills of the work force. B. the minimum wage being too high. C. the time spent looking for work by those in the labor force. D. the prevalence of efficiency wages in unionized industries. Score: 0/1 2. As the unemployment rate rises
Background image of page 1

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

View Full Document Right Arrow Icon
Score: 0/1 3. Structural unemployment arises when Score: 0/1 4. If something is holding the wage above the equilibrium wage level, it will cause
Background image of page 2
Score: 0/1 5. A surplus of labor arises when Score: 0/1 6. To the extent that unions raise wages above the equilibrium level, Score: 0/1 7.
Background image of page 3

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

View Full Document Right Arrow Icon
If wage staggering causes a slow adjustment in the labor market, Score: 0/1 8. Why would a firm choose to pay efficiency wages?
Background image of page 4
Background image of page 5

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

View Full Document Right Arrow Icon
Background image of page 6
Background image of page 7

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

View Full Document Right Arrow Icon
Background image of page 8
Background image of page 9
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Score: 0/1 9. Which of the following would cause structural unemployment? Score: 0/1 10. The natural rate of unemployment is Score: 0/1 11. Which of the following appears to contribute to higher unemployment rates? Score: 0/1 12. The output gap is the Score: 0/1 13. When the output gap is equal to zero, Score: 0/1 14. Okun's law asserts that there is a relationship between Score: 0/1 15. To the extent that economic growth causes more people to enter the labor force, Score: 0/1 16. Most macroeconomists agree that Score: 0/1 17. Menu costs are a possible explanation for Score: 0/1 18. The shape of the short-run Phillips curve suggests that Score: 0/1 19. To avoid accelerating inflation over time, Score: 0/1 20. The NAIRU is Score: 0/1...
View Full Document

{[ snackBarMessage ]}

Page1 / 9

Practice Quiz Chapter 302 - Score 0/1 9 Which of the...

This preview shows document pages 1 - 9. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online