chap16 - Macroeconomics,3e(Williamson) Chapter16 Unemploym...

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  Macroeconomics, 3e  (Williamson)  Chapter 16   
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Unemploym 1) 
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The  behavior  of the U.S. unemployment rate over the period from 1970 through the 1990s can be characterized as  A) 
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an upward trend  over the entire period.  B) 
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an upward trend  from 1970 through the mid - 1980s followed by a downward trend for the remainder of the period.  C) 
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a downward  trend from 1970  through the mid - 1980s followed by an upward trend for the remainder of the period.  D) 
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a downward  trend over the entire period.  Answer:  
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Question Status:  
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Previous Edition 2) 
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Which of  the  following statements is the most accurate about the behavior of the U.S. unemployment rate over the last  half of the twentieth century?  A) 
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Both the  cyclical  behavior of the unemployment rate and the trend behavior of the unemployment rate are well  explained by changes in the level of aggregate economic activity.  B) 
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The cyclical  behavior of the  unemployment rate is well explained by changes in the level of aggregate economic activity, and  the trend behavior of the unemployment rate is well explained by demographic factors.  C) 
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The cyclical  behavior of the  unemployment rate is well explained by demographic factors, and the trend behavior of the  unemployment rate is well explained by changes in the level of aggregate economic activity.  D) 
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Both the  cyclical  behavior of the unemployment rate and the trend behavior of the unemployment rate are well  explained by demographic factors.  Answer:  
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Question Status:  
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Previous Edition 3) 
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The  replacement ratio  A) 
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measures the  percentage rate of turnover in employment at any firm.  B) 
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is the fraction of  the work force covered by unemployment compensation.  C) 
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is the ratio of  unemployment compensation benefits to the wage the worker received when employed.  D) 
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measures the  rate of workforce displacement due to structural shifts.  Answer:  
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Question Status:  
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Previous Edition 4) 
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Which is  not a key determinant of the unemployment rate?  A) 
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demographics  B) 
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government  intervention  C) 
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long - term  money supply  D) 
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sectoral shifts  Answer:  
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Question Status:  
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chap16 - Macroeconomics,3e(Williamson) Chapter16 Unemploym...

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