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