Exercise Topic 6 - Topic 6. Unemployment and Its Natural...

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Topic 6. Unemployment and Its Natural Rate 1. The amount of __________increases when the economy goes into a recession and decreases when the economy goes into an expansion. a. structural unemployment b. seasonal unemployment c. cyclical unemployment d. frictional unemployment 2. It is difficult for cyclically unemployed persons to find jobs because a. they typically do not meet the qualifications required for the available jobs. b. the economy is in a recession. c. they voluntarily quit their last jobs and employers may view them as unreliable. d. they typically have not looked long enough to find a job. 3. The natural rate of unemployment is the economist’s notion of a. full employment. b. cyclical employment. c. structural unemployment. d. frictional unemployment. 4. Yuan recently completed his college degree and 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. Topic 6 - 1 -
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d. cyclically unemployed. 5. Providing training for unemployed individuals will help to alleviate a. frictional unemployment. b. seasonal unemployment. c. structural unemployment. d. cyclical unemployment. 6. According to the data from the Bureau of Labor Statistics found here, the labor force totals Number of workers employed 8,400 Frictional unemployment 250 Structural unemployment 350 Cyclical unemployment 600 Discouraged workers 400 Adult population 12,000 a. 7,550. b. 8,000. c. 8,400. d. 9,600 7. According to the data from the Bureau of Labor Statistics found here, the unemployment rate is a. 12.5 percent. b. 15 percent.
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This note was uploaded on 07/15/2011 for the course ACCT 122 taught by Professor Barry during the Spring '11 term at Universitas Pelita Harapan.

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Exercise Topic 6 - Topic 6. Unemployment and Its Natural...

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