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.   structural unemployment
C.   seasonal unemployment
D.   frictional unemployment
Question #2
During the past 40 years the labor force participation rate of women has
A.   increased slightly
B.   increased dramatically
C.   decreased slightly
D.   decreased dramatically
Question #3
Which of the following is not a result of an increasing unemployment rate
A.   a decline in GDP
B.   increased crime rates
C.   a growth in consumer optimism
D.   declining aggregate demand
Question #4
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 #5
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 #6
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 #7
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 population
D.   the number of unemployed divided by the labor force
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.   seasonal unemployment
C.   structural unemployment
D.   frictional 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.   A retired bus driver
C.   Airline worker who is unemployed after September 11, 2001
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 decrease in interest rates
B.   a reduction in government spending
C.   an increase in the minimum wage
D.   increased spending on worker retraining
Question #11
Unemployment insurance:
A.   provides a safety net for some but not all of the unemployed
B.   creates incentives that lower the unemployment rate
C.   partially compensates the country for the loss of output due to unemployment
D.   completely cushions the financial impact of unemployment on the unemployed
Question #12
Which of the following is an example of someone who is underemployed?
A.   A person in prison
B.   A non-working person who checks in at a local employment agency once a month
C.   A highly trained technician whose job is dishwashing
D.   A person who works for pay only one hour a week
Question #13
Which of the following groups has the highest unemployment rates
A.   high school dropouts
B.   white workers
C.   college graduates
D.   married men
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.   clearly causes significant unemployment
D.   causes unemployment for high wage workers

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