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Exam 15: Unemployment

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Question 231

Multiple Choice

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If an unemployed person quits looking for work, then, eventually the unemployment rate

A) decreases and the labor-force participation rate is unaffected.
B) and the labor-force participation rate both decrease.
C) is unaffected and the labor-force participation rate decreases.
D) and the labor-force participation rate are both unaffected.

E) A) and D)
F) All of the above

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Question 232

Multiple Choice

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If unions were formed in more industries, the supply of labor in other industries would

A) increase, causing employment in other industries to rise.
B) increase, causing employment in other industries to fall.
C) decrease, causing employment in other industries to rise.
D) decrease, causing employment in other industries to fall.

E) A) and B)
F) A) and C)

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Question 233

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Most spells of unemployment are short, and most unemployment observed at any given time is short-term.

Table 15-1 Labor Data for Aridia $\begin{array} { | l | c | c | c | } \hline \text { Year } & \mathbf { 2 0 1 0 } & \mathbf { 2 0 1 1 } & \mathbf { 2 0 1 2 } \\\hline \text { Adult population } & 2000 & 3000 & 3200 \\\hline \text { Number of emplayed } & 1400 & 1300 & 1600 \\\hline \text { Number of unemplayed } & 200 & 600 & 200 \\\hline\end{array}$ -Refer to Table 15-1. The labor-force participation rate of Aridia in 2010 was

The natural rate of unemployment is any type of unemployment that does not go away on its own even in the long run.

If the wage is kept above the equilibrium level for any reason, the result is unemployment.

Following the recession of 2001, there was a month in which employment and the unemployment rate both rose. Assuming the computations were correct, how is it possible for both to have increased?

Who is included in the labor force by the Bureau of Labor Statistics?

Over the past several decades in the United States, the labor-force participation rate of women has increased and the labor-force participation rate of men had remained steady.

Minimum wages are the predominant reason for unemployment in the U.S. economy.

Suppose that consumers choose to smoke less and chew gum more. Tobacco companies cut back on the number of people they employ while chewing gum manufacturers employ more. This is an example of

According to 2009 data on the U.S. population, which of the following groups of adults (ages 20 and older) had the highest unemployment rate?

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

The Bureau of Labor Statistics' U-5 measure of joblessness includes marginally attached workers.

Which of the following is not a cause of frictional unemployment?

Every month, the Bureau of Labor Statistics surveys 160,000 business establishments to help determine the number of jobs the economy has gained or lost.

Table 15-5 2010 Labor Data for Tajnia $\begin{array} { | l | l | } \hline \text { Number of adiults employed } & 10,000 \\\hline \text { Number of adults unemployed } & 2,250 \\\hline \text { Number of atults not in the labar force } & 17,750 \\\hline\end{array}$ -Refer to Table 15-5. The unemployment rate of Tajnia in 2010 is about 18.4 percent.

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

The introduction of a union into a firm benefits all of that firm's workers.

Matt is waiting to be recalled to a job from which he was laid off. David was fired but hasn't looked for work during the last two months. Who does the BLS count as unemployed?