FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 28: Unemployment

Show Answer

Share

---

All types

Filters

Study Flashcards

Question 71

True/False

Review LaterAdd Note

Review Later

Economists at the Congressional Budget Office estimated that for 2007,the U.S.natural rate of unemployment was 4.8 percent.

A) True
B) False

Correct Answer

verified

Show Answer

Question 72

True/False

Review LaterAdd Note

Review Later

Within the U.S.population,teenagers have similar rates of unemployment as older workers.

A) True
B) False

Correct Answer

verified

Show Answer

Question 73

True/False

Review LaterAdd Note

In the 1940s and 1950s,about one-third of U.S.workers belonged to unions,but today,only about one-fifth of U.S.workers belong to unions.

Suppose that neither textile workers nor shoemakers are unionized.If textile workers unionize,then the supply of shoemakers will

Within the U.S.population,teenagers have higher rates of unemployment than older workers.

People who report being unemployed but who,in fact,are not trying hard to find a job are really not in the labor force and therefore cause the reported unemployment rate to be higher than it would otherwise be.

Unemployment insurance reduces the incentive for the unemployed to find and take new jobs.

Suppose some country had an adult population of about 25 million,a labor-force participation rate of 60 percent,and an unemployment rate of 6 percent.How many people were employed?

Sectoral shifts in demand for output

Table 28-1 Labor Data for Wrexington -Refer to Table 28-1.The labor-force participation rate of Wrexington in 2006 was

The theory of efficiency wages explains why

Suppose that butchers and bakers have no unions.Now suppose the butchers form a union.What does this do the labor supply of and wages of bakers?

Measuring unemployment is the job of the

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 600 households,called the Current Population Survey.

It is best to view the official unemployment rate as a useful but imperfect measure of joblessness.

Which of the following was not among the four industries with the largest employment in the United States a century ago?

If the natural rate of unemployment is 5.2 percent and the actual rate of unemployment is 5.7 percent,then by definition there is

One reason economies always experience some unemployment is job search.

When a minimum-wage law forces the wage to remain above the level that balances supply and demand,the result is a surplus of labor.

A firm might offer efficiency wages so its workers will eat a more nutritious diet and therefore be healthier and more productive.