Correct! Correct! now structurally unemployable. 0 / 1.25 pts Question 34 Part-time workers who want full-time work are counted as only partially employed in the official unemployment statistic.
True You Answered You Answered False Correct Answer Correct Answer 0 / 1.25 pts Question 35 The phase in the business cycle in which real GDP declines is called a: trendline. peak. recession. Correct Answer recovery. trough. You Answered 1.25 / 1.25 pts Question 36 When actual real GDP output is below full-employment real GDP, the GDP measures the cost of cyclical unemployment. True False Correct! Correct! 1.25 / 1.25 pts Question 37 Unemployment that is caused by a mismatch of the demand for workers with certain skills and the skills of unemployed workers is:
frictional unemployment. structural unemployment. Correct! cyclical unemployment. mismatch unemployment. 1.25 / 1.25 pts Question 38 Consider an economy made up of 100 people, 60 of whom old jobs, 10 of whom are looking for work, and 15 of whom are retired. The number counted as unemployed is: 10. Correct! Correct! 15. 40. 30. 90. 1.25 / 1.25 pts Question 39 An individual who is employed part time, but is looking for a full-time job, is classified as: frictionally unemployed. cyclically unemployed. structurally unemployed. employed. Correct!
1.25 / 1.25 pts Question 40 Structural unemployment refers to short periods of unemployment needed to match jobs and job seekers. True False Correct! Correct! Quiz Score: 40 out of 50
- Spring '12
- Unemployment, unemployment rates