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 when structural unemployment is zero
B.   is in the range of 7-8% unemployment
C.   occurs when there is structural unemployment but no frictional 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.   college graduates
B.   high school dropouts
C.   white workers
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.   frictional unemployment
B.   seasonal unemployment
C.   structural unemployment
D.   cyclical 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.   seasonal unemployment
C.   structural unemployment
D.   cyclical unemployment
Question #6
During the past 40 years the labor force participation rate of women has
A.   increased slightly
B.   decreased dramatically
C.   increased dramatically
D.   decreased slightly
Question #7
People who have given up looking for work are classified as
A.   temporarily unemployed
B.   unemployed
C.   in the labor force
D.   discouraged workers
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 non-working person who checks in at a local employment agency once a month
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 woman quits her job to move out of state
B.   A retired bus driver
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.   clearly causes significant unemployment
B.   causes unemployment for high wage workers
C.   may not cause much, if any, unemployment
D.   causes unemployment for teenagers
Question #11
Which of the following is an example of someone who is underemployed?
A.   A person in prison
B.   A highly trained technician whose job is dishwashing
C.   A non-working person who checks in at a local employment agency once a month
D.   A person who works for pay only one hour a week
Question #12
The reduction of structural unemployment in the U.S. economy may require
A.   an increase in the minimum wage
B.   a decrease in interest rates
C.   increased spending on worker retraining
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 labor force divided by the population
C.   the number of unemployed divided by the labor force
D.   the number of unemployed divided by the population
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.   A woman quits her job to move out of state
B.   An Aerospace worker shortly after Clinton takes office
C.   Airline worker who is unemployed after September 11, 2001
D.   A retired bus driver

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