EC201 chapter_7_Quiz Full

Thischangeinthewaybusinessesoperatewouldhave a

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Unformatted text preview: inition 56) Estimates for the natural rate of unemployment in the United States range from A) 4% to 6%. B) 4% to 10%. C) 4% to 5%. D) 4% to 8%. Answer: A Diff: 1 Topic: Unemployment Skill: Fact 57) If the labor market becomes more efficient so that the unemployed are more quickly matched with jobs, then A) the natural rate of unemployment will increase. B) the natural rate of unemployment will decrease. C) the natural rate of unemployment will not change. D) the natural rate of unemployment could either increase or decrease. Answer: B Diff: 1 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 58) During 1990s, companies started downsizing. One of the results of this downsizing was the permanent reduction the early in the number of middle management positions. This change in the way businesses operate would have A) increased the natural rate of unemployment. B) decreased the natural rate of unemployment. C) not affected the natural rate of unemployment. D) could have either increased or decreased the natural rate of unemployment. Answer: A Diff: 2 Topic: Unemployment Skill: Conceptual AACSB: Reflec...
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