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EC201 chapter_7_Quiz Full

Answer false diff2 topic unemployment skill

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Unformatted text preview: ition 3) An increase in search costs will decrease structural unemployment. Answer: FALSE Diff: 2 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 4) The natural rate of unemployment is the unemployment rate during a period of full employment. Answer: TRUE Diff: 1 Topic: Unemployment Skill: Definition 5) Anyone 16 years of age or older who is not classified as employed is classified as unemployed. Answer: FALSE Diff: 2 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 6) If discouraged workers were counted as unemployed, the measured unemployment rate would increase. Answer: TRUE Diff: 2 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 7) An unemployment rate of 10% means that the average worker has been unemployed for 10% of the year. Answer: FALSE Diff: 1 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 8) If labor markets were perfectly efficient, the unemployment rate would fall to zero. Answer: FALSE Diff: 2 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 9) The natural ra...
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