Part2_ExtraHomework-1

Part2_ExtraHomework-1 - Intro Macro Extra Homework...

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

View Full Document Right Arrow Icon
Intro Macro Extra Homework Questions Part 2 These questions are not a substitute for the questions in your study guide. These questions are to be done in addition to the questions in your study guide. Do not limit your studying to just these questions or only these topics. These questions will not be graded. They are to help you study. 1 . T h e u n e m p l o y m e n t r a t e i n d i c a t e s i n d i v i d u a l s w h o a. are not working b. have lost their jobs in the past month c. are not working and are not actively looking for jobs d. do not want to work e. are not working, who want to work but who are unable to find jobs 2 . R e c e s s i o n s a r e i d e n t i f i e d b y a. severe and long-lasting phases of decreased output b. high employment c. increasing output d. decreasing output e. low unemployment 3 . W h i c h o f t h e f o l l o w i n g i s a p e r i o d o f d e c r e a s i n g output that is severe and long lasting? a. business cycle b. expansion c. peak d. recession e. depression 4 . D u r i n g t h e e x p a n s i o n p h a s e o f a b u s i n e s s c y c l e a. employment and output are both at a peak b. employment and output are both rising c. employment is falling and output is rising d. unemployment and output are both rising e. employment is rising and output is falling 5 . Y u a n r e c e n t l y c o m p l e t e d h i s c o l l e g e d e g r e e a n d is entering the labor market for the first time. He has been submitting applications and has been interviewed twice in the last two weeks, but so far has not found a job. Yuan could be classified as a. frictionally unemployed b. seasonally unemployed c. structurally unemployed d. cyclically unemployed e. not yet in the labor force 6 . K a r a i s a c o n s t r u c t i o n w o r k e r . B e c a u s e o f a d v e r se weather during the winter months, she has been laid off from her job. She is available for work and has even sought work with other construction companies. Kara is experiencing a. frictional unemployment b. seasonal unemployment c. structural unemployment d. cyclical unemployment e. Kara is not in the labor force at this time
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
7 . S e a s o n a l u n e m p l o y m e n t a. is short-term joblessness experienced by those entering the labor market for the first time b. arises from a mismatch between available jobs and workers' skills or geographic location c. is joblessness affecting people such as construction workers, farm workers and retail sales clerks after the Christmas shopping season d. is joblessness resulting from business cycle movements e. does not exist when the economy is at full employment 8 . D e n n i s i s a n e x c e l l e n t t y p i s t . H o w e v e r , b e c a u s e he has been unable to adapt to his company's new computer system, he has lost his job. He is currently seeking another secretarial position, but it is likely that he will have to acquire new skills to become employable as a secretary again. Dennis would best be described as a. frictionally unemployed
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 8

Part2_ExtraHomework-1 - Intro Macro Extra Homework...

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

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