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.   declining aggregate demand
C.   increased crime rates
D.   a growth in consumer optimism
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.   married men
C.   high school dropouts
D.   college graduates
Question #4
The use of automated teller machines (ATMs) has caused some bank tellers to lose their jobs. This is an example of
A.   seasonal unemployment
B.   frictional unemployment
C.   cyclical 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.   cyclical unemployment
B.   frictional unemployment
C.   structural 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.   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 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 the military.
Question #9
Which of the following is an example of cyclical unemployment:
A.   An Aerospace worker shortly after Clinton takes office
B.   An airline worker who is unemployed because during a recession people tend to postpone their family vacations.
C.   A woman quits her job to move out of state
D.   A retired bus driver
Question #10
Recent research suggests that the federal minimum wage law
A.   clearly causes significant unemployment
B.   causes unemployment for high wage workers
C.   causes unemployment for teenagers
D.   may not cause much, if any, unemployment
Question #11
Which of the following is an example of someone who is underemployed?
A.   A non-working person who checks in at a local employment agency once a month
B.   A person who works for pay only one hour a week
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.   a decrease in interest rates
C.   a reduction in government spending
D.   an increase in the minimum wage
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.   creates incentives that lower the unemployment rate
B.   completely cushions the financial impact of unemployment on the unemployed
C.   partially compensates the country for the loss of output due to unemployment
D.   provides a safety net for some but not all of the unemployed
Question #15
Which of the following is an example of Frictional unemployment:
A.   A woman quits her job to move out of state
B.   An Aerospace worker shortly after Clinton takes office
C.   A retired bus driver
D.   Airline worker who is unemployed after September 11, 2001

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