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

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

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