FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 28: Unemployment

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 211

Multiple Choice

Review LaterAdd Note

Review Later

Which of the following is correct?

A) Unemployment insurance raises structural unemployment because it reduces the job search efforts of the unemployed.
B) Most economists are skeptical of the value of unemployment insurance primarily because they believe that it results in a poorer match between workers and jobs.
C) Studies show that when the unemployed become ineligible for benefits,the probability of their finding a job rises markedly.
D) All of the above are correct.

E) C) and D)
F) None of the above

Correct Answer

verified

Show Answer

Question 212

Multiple Choice

Review LaterAdd Note

Review Later

Efficiency wages contribute to

A) frictional unemployment and the natural rate of unemployment.
B) frictional unemployment but not the natural rate of unemployment.
C) structural unemployment and the natural rate of unemployment.
D) structural unemployment but not the natural rate of unemployment.

E) B) and D)
F) A) and B)

Correct Answer

verified

Show Answer

Question 213

True/False

Review LaterAdd Note

The Bureau of Labor Statistics' household survey and establishment survey both yield information about unemployment.

One explanation for long-run unemployment is that it takes time for workers to search for the jobs that are best suited for them.

Unemployment insurance causes workers to be less likely to seek guarantees of job security when they negotiate with employers over the terms of employment.

More than 3 percent of U.S.workers leave their jobs in a typical month.

The unemployment that results from the process of matching workers and jobs is called frictional unemployment.

Define the natural rate of unemployment and cyclical unemployment.

Every month,the Bureau of Labor Statistics surveys 160,000 business establishments to help determine the number of jobs the economy has gained or lost.

Table 15-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 15-3.What is the adult male unemployment rate in Meditor?

Suppose that because of the popularity of the low-carb diet,bakeries need fewer workers and steak houses need more workers.The unemployment created by this change is

Almost half of all spells of unemployment end when the unemployed person __________.

The introduction of a union into an industry

Wages in excess of their equilibrium level help explain

Unemployment generated by the existence of labor unions is structural unemployment and so contributes to the natural rate of unemployment.

Data show that at least 20 percent of U.S.manufacturing jobs are destroyed every year.

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.

In 2009,the U.S.natural rate of unemployment was estimated to be 5.0 percent,which at the time was close to the actual rate of unemployment of 9.3 percent.

Define efficiency wages.

Sheamous loses his job and decides to sit on the beach rather than look for work during the next few months.Other things the same,the unemployment rate