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.   frictional unemployment
B.   seasonal unemployment
C.   cyclical unemployment
D.   structural unemployment
Question #2
During the past 40 years the labor force participation rate of women has
A.   increased dramatically
B.   increased slightly
C.   decreased slightly
D.   decreased dramatically
Question #3
Which of the following is not a result of an increasing unemployment rate
A.   increased crime rates
B.   a decline in GDP
C.   a growth in consumer optimism
D.   declining aggregate demand
Question #4
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 #5
Which of the following is an example of cyclical unemployment:
A.   An Aerospace worker shortly after Clinton takes office
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.   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.   discouraged workers
D.   temporarily unemployed
Question #7
The unemployment rate is equal to
A.   the number of unemployed divided by the labor force
B.   the number of unemployed divided by the population
C.   the number of unemployed divided by the number of employed
D.   the labor force 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.   structural unemployment
D.   seasonal unemployment
Question #9
Which of the following is an example of Frictional unemployment:
A.   A woman quits her job to move out of state
B.   Airline worker who is unemployed after September 11, 2001
C.   A retired bus driver
D.   An Aerospace worker shortly after Clinton takes office
Question #10
The reduction of structural unemployment in the U.S. economy may require
A.   a reduction in government spending
B.   an increase in the minimum wage
C.   increased spending on worker retraining
D.   a decrease in interest rates
Question #11
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 #12
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 person in prison
C.   A highly trained technician whose job is dishwashing
D.   A non-working person who checks in at a local employment agency once a month
Question #13
Which of the following groups has the highest unemployment rates
A.   college graduates
B.   white workers
C.   high school dropouts
D.   married men
Question #14
Recent research suggests that the federal minimum wage law
A.   causes unemployment for high wage workers
B.   clearly causes significant unemployment
C.   causes unemployment for teenagers
D.   may not cause much, if any, unemployment

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