Econ 102 - Principles of Macroeconomics » Spring 2023 » UE Quiz

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Question #1
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 #2
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 #3
Which of the following is not a result of an increasing unemployment rate
A.   declining aggregate demand
B.   a decline in GDP
C.   increased crime rates
D.   a growth in consumer optimism
Question #4
Most economists agree that full-employment:
A.   is in the range of 7-8% unemployment
B.   occurs when there is structural unemployment but no frictional unemployment
C.   is when structural unemployment is zero
D.   occurs when there is structural and frictional unemployment but no cyclical unemployment
Question #5
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.   An Aerospace worker shortly after Clinton takes office
C.   A woman quits her job to move out of state
D.   A retired bus driver
Question #6
People who have given up looking for work are classified as
A.   unemployed
B.   in the labor force
C.   temporarily unemployed
D.   discouraged workers
Question #7
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 #8
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.   frictional unemployment
C.   seasonal unemployment
D.   structural unemployment
Question #9
Which of the following is an example of Frictional unemployment:
A.   A retired bus driver
B.   Airline worker who is unemployed after September 11, 2001
C.   An Aerospace worker shortly after Clinton takes office
D.   A woman quits her job to move out of state
Question #10
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 decrease in interest rates
D.   a reduction in government spending
Question #11
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 #12
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 #13
Which of the following groups has the highest unemployment rates
A.   married men
B.   college graduates
C.   white workers
D.   high school dropouts
Question #14
Recent research suggests that the federal minimum wage law
A.   causes unemployment for teenagers
B.   may not cause much, if any, unemployment
C.   causes unemployment for high wage workers
D.   clearly causes significant unemployment

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