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EC201 chapter_7_Quiz Full


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Unformatted text preview: tive Thinking 59) The increase in unemployment that occurs during recessions and depressions is called A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) normal unemployment. Answer: C Diff: 1 Topic: Unemployment Skill: Definition 60) Cyclical unemployment is the A) portion of that is due to changes in the structure of the economy that result in a significant loss of jobs in unemployment certain industries. B) unemployment that occurs during recessions anddepressions. C) portion of unemployment that is due to the normal working of the labor market. D) unemployment when people become discouraged about their chances of finding a job so they stop looking for that results work. Answer: B Diff: 1 Topic: Unemployment Skill: Definition 61) The demand for refrigerators falls when the economy enters a downturn. If a refrigerator manufacturer lays off workers during an economic downturn, this would be an example of A) frictional unemployment. B) natural unemployment. C) structural unemployment. D) cyclical unemployment. Answer: D Diff: 1 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 62) The is in a recession and...
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