EC201 chapter_7_Quiz Full

D notconsidered aspartofthelaborforce answer d diff2

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Unformatted text preview: to ________ and the labor-force participation rate to ________. A) increase; decrease B) stay the same; stay the same C) increase; increase D) increase; stay the same Answer: C Diff: 2 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 35) Discourag ed workers are A) considered cyclically unemployed. B) considered structurally unemployed. C) considered frictionally unemployed. D) not considered as part of the labor force. Answer: D Diff: 2 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 36) In June people classified as unemployed and the size of the labor force is 600,000. The only change between there are June and July is that 10,000 of the unemployed give up looking for work. Which of the following is true? 30,000 A) In June the unemployment rate was 6% and in July the unemployment rate was 3.8%. B) The unemployment rate in both June and July was 5%. C) In June the unemployment rate was 5% and in July the unemployment rate was 3.39%. D) In June the unemployment rate was 3.8% and in July the unemployment rate was 6%. Answer: C Diff: 3...
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This note was uploaded on 11/13/2013 for the course BUSINESS EC201-03 taught by Professor Auguste during the Fall '13 term at Monroe.

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