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That unemployment that is caused by the mismatch between labor skills and jobs- and that characterizes those that the economy has left behind; those...

12. That unemployment that is caused by the mismatch between labor skills and jobs-

and that characterizes those that the economy has left behind; those who have no

marketable skills-is called:(Points : 3)       

a. frictional unemployment


b. structural unemployment


c. cyclical unemployment


d. seasonal unemployment



Question 13. 13. That unemployment that occurs because time is needed to enter the labor force to
find a job, or to move from one job to another job (even though the person possesses marketable skills) is called:(Points : 3)
       a. frictional unemployment
       b. structural unemployment
       c. cyclical unemployment
      d.  seasonal unemployment


Question 14. 14. One would expect traditional expansionary monetary and fiscal policies to be most effective (to the degree that it is effective at all) in terms of curing, or at least mitigating against:(Points : 3)
       a. Frictional unemployment
       b. Cyclical unemployment
       c. Structural unemployment
       d. Frictional and technological about equally well


Question 15. 15. "The total of all unemployed plus all persons marginally attached to the labor force plus total employed part time for economic reasons as a percent of the civilian labor force plus all marginally attached to the labor force" best describes what?(Points : 3)
       a. the official unemployment rate as determined by the BLS--that widely publicized number released the first Friday of each month
      b.  the natural rate of unemployment
      c.  the alternative unemployment measure referred to as U6
      d.  the 'hard core/structural/technological' rate of unemployment
      e.  that metric called "initial claims"


Question 16. 16. The group/agency that decides timing or dating issues of recession (peaks, troughs of business cycles) for the U.S. economy is:(Points : 3)
       a. Bureau of the Census
       b. Commerce Department--Bureau of Economic Analysis
       c. Labor Department--Bureau of Labor Statistics
       d. National Bureau of Economic Research
       e. Federal Reserve--FOMC


Question 17.17. The largest component of personal consumption expenditures is:(Points : 3)

       a. durables
       b. nondurables
       c. services
       d. home construction and maintenance
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That unemployment that is caused by the mismatch between labor skills and jobs.docx

. That unemployment that is caused by the mismatch between labor skills and jobsand that characterizes those that the economy has left behind; those who have no
marketable skills-is called:(Points...

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