Exam 2 - SAMPLE QUESTIONS

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Unformatted text preview: y typically experiences is not a determinant of that country's standard of living, and some degree of unemployment is inevitable in a complex economy. ____ 16. The natural rate of unemployment a. is a constant. b. is the desirable rate of unemployment. c. cannot be altered by economic policy. d. None of the above is correct. ____ 17. President Bigego is running for re‐election against Senator Pander. Bigego proclaims that more people are working now than when he took office. Pander says that the unemployment rate is higher now than when Bigego took office. You conclude that a. one of them must be lying. b. both of them could be telling the truth if the labor force and employment grew at the exact same rate. c. both of them could be telling the truth if the labor force grew slower than employment. d. both of them could be telling the truth if the labor force grew faster than employment. 4 Name: ________________________ ID: A Table 28‐3 2003 Labor Data for Adults (age 16 and older) in Meditor Males not in labor force Females not in labor force Males unemployed Females unemployed Males employed Females employed 45 million 35 million 5 million 5 million 85 million 65 million ____ 18. Refer to Table 28‐3. What is the adult unemployment rate in Meditor? a. 4.2 percent b. 6.25 percent c. 6.7 percent d. 10 percent ____ 19. Data on the unemployment rate in the U.S. since 1960 show that the economy a. always has some unemployment and that the amount stays constant from year to year. b. always has some unemployment and that the amount changes from ye...
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