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.   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.   a decline in GDP
B.   a growth in consumer optimism
C.   increased crime rates
D.   declining aggregate demand
Question #4
Most economists agree that full-employment:
A.   occurs when there is structural unemployment but no frictional unemployment
B.   occurs when there is structural and frictional unemployment but no cyclical unemployment
C.   is when structural unemployment is zero
D.   is in the range of 7-8% unemployment
Question #5
Which of the following is an example of cyclical unemployment:
A.   A retired bus driver
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.   An Aerospace worker shortly after Clinton takes office
Question #6
People who have given up looking for work are classified as
A.   temporarily unemployed
B.   in the labor force
C.   unemployed
D.   discouraged workers
Question #7
The unemployment rate is equal to
A.   the labor force divided by the population
B.   the number of unemployed divided by the number of employed
C.   the number of unemployed divided by the labor force
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.   structural unemployment
B.   frictional unemployment
C.   seasonal unemployment
D.   cyclical unemployment
Question #9
Which of the following is an example of Frictional unemployment:
A.   An Aerospace worker shortly after Clinton takes office
B.   Airline worker who is unemployed after September 11, 2001
C.   A woman quits her job to move out of state
D.   A retired bus driver
Question #10
The reduction of structural unemployment in the U.S. economy may require
A.   a reduction in government spending
B.   a decrease in interest rates
C.   increased spending on worker retraining
D.   an increase in the minimum wage
Question #11
Unemployment insurance:
A.   creates incentives that lower the unemployment rate
B.   provides a safety net for some but not all of the unemployed
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 who works for pay only one hour a week
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 in prison
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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