Econ 102 - Principles of Macroeconomics » Fall 2022 » UE Quiz

Need help with your exam preparation?

Existing Quiz Clients Login here
Question #1
Which of the following is not a result of an increasing unemployment rate
A.   a growth in consumer optimism
B.   declining aggregate demand
C.   increased crime rates
D.   a decline in GDP
Question #2
Most economists agree that full-employment:
A.   is when structural unemployment is zero
B.   occurs when there is structural unemployment but no frictional unemployment
C.   is in the range of 7-8% unemployment
D.   occurs when there is structural and frictional unemployment but no cyclical unemployment
Question #3
Which of the following groups has the highest unemployment rates
A.   high school dropouts
B.   white workers
C.   college graduates
D.   married men
Question #4
The use of automated teller machines (ATMs) has caused some bank tellers to lose their jobs. This is an example of
A.   structural unemployment
B.   cyclical unemployment
C.   frictional unemployment
D.   seasonal unemployment
Question #5
Richard loses his job at the railroad due to a downturn in general business conditions. He is experiencing
A.   cyclical unemployment
B.   frictional unemployment
C.   seasonal unemployment
D.   structural unemployment
Question #6
During the past 40 years the labor force participation rate of women has
A.   increased slightly
B.   decreased dramatically
C.   decreased slightly
D.   increased dramatically
Question #7
People who have given up looking for work are classified as
A.   in the labor force
B.   unemployed
C.   discouraged workers
D.   temporarily unemployed
Question #8
Who among the following is not included in the labor force?
A.   A person in the military.
B.   A person who works for pay only one hour a week
C.   A highly trained technician whose job is dishwashing
D.   A non-working person who checks in at a local employment agency once a month
Question #9
Which of the following is an example of cyclical unemployment:
A.   An airline worker who is unemployed because during a recession people tend to postpone their family vacations.
B.   A retired bus driver
C.   A woman quits her job to move out of state
D.   An Aerospace worker shortly after Clinton takes office
Question #10
Recent research suggests that the federal minimum wage law
A.   clearly causes significant unemployment
B.   may not cause much, if any, unemployment
C.   causes unemployment for high wage workers
D.   causes unemployment for teenagers
Question #11
Which of the following is an example of someone who is underemployed?
A.   A highly trained technician whose job is dishwashing
B.   A person who works for pay only one hour a week
C.   A non-working person who checks in at a local employment agency once a month
D.   A person in prison
Question #12
The reduction of structural unemployment in the U.S. economy may require
A.   a reduction in government spending
B.   an increase in the minimum wage
C.   increased spending on worker retraining
D.   a decrease in interest rates
Question #13
The unemployment rate is equal to
A.   the labor force divided by the population
B.   the number of unemployed divided by the labor force
C.   the number of unemployed divided by the population
D.   the number of unemployed divided by the number of employed
Question #14
Unemployment insurance:
A.   completely cushions the financial impact of unemployment on the unemployed
B.   partially compensates the country for the loss of output due to unemployment
C.   provides a safety net for some but not all of the unemployed
D.   creates incentives that lower the unemployment rate
Question #15
Which of the following is an example of Frictional unemployment:
A.   An Aerospace worker shortly after Clinton takes office
B.   A retired bus driver
C.   A woman quits her job to move out of state
D.   Airline worker who is unemployed after September 11, 2001

Need help with your exam preparation?

Existing Quiz Clients Login here