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.   structural unemployment
C.   cyclical unemployment
D.   seasonal unemployment
Question #2
During the past 40 years the labor force participation rate of women has
A.   decreased slightly
B.   increased slightly
C.   decreased dramatically
D.   increased dramatically
Question #3
Which of the following is not a result of an increasing unemployment rate
A.   increased crime rates
B.   a growth in consumer optimism
C.   a decline in GDP
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 when structural unemployment is zero
C.   is in the range of 7-8% unemployment
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.   A woman quits her job to move out of state
B.   An airline worker who is unemployed because during a recession people tend to postpone their family vacations.
C.   A retired bus driver
D.   An Aerospace worker shortly after Clinton takes office
Question #6
People who have given up looking for work are classified as
A.   unemployed
B.   temporarily unemployed
C.   discouraged workers
D.   in the labor force
Question #7
The unemployment rate is equal to
A.   the number of unemployed divided by the population
B.   the labor force divided by the population
C.   the number of unemployed divided by the number of employed
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.   frictional unemployment
B.   seasonal unemployment
C.   structural unemployment
D.   cyclical unemployment
Question #9
Which of the following is an example of Frictional unemployment:
A.   Airline worker who is unemployed after September 11, 2001
B.   A retired bus driver
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.   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 non-working person who checks in at a local employment agency once a month
B.   A person in prison
C.   A person who works for pay only one hour a week
D.   A highly trained technician whose job is dishwashing
Question #13
Which of the following groups has the highest unemployment rates
A.   college graduates
B.   high school dropouts
C.   white workers
D.   married men
Question #14
Recent research suggests that the federal minimum wage law
A.   clearly causes significant unemployment
B.   causes unemployment for teenagers
C.   may not cause much, if any, unemployment
D.   causes unemployment for high wage workers

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