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Terms in this set (12)Which of the following will most likely occur during the contractionary phase of a business cycle? A. Inflation rises, and employment/population ratio falls. B. The sales of most businesses decline, and the unemployment rate rises. C. Real GDP rises, and the unemployment rate falls. D. Real GDP declines, and the rate of inflation rises. B Which of the following will most likely occur during the expansionary phase of a business cycle? A. Interest rates rise, and the number of business failures rise. B. Inflation rises, and employment falls. C. Real GDP declines, and inflation rises. D. Real GDP rises, and unemployment falls. D Which of the following is most indicative of a recession? A. a decline in real GDP B. a rise in inflation C. an increase in the interest rate D. a decline in unemployment A Terrance loses his job and immediately begins looking for another. Other things the same, the unemployment rate A. increases, and the labor-force participation rate decreases. B. is unaffected, and the labor-force participation rate increases. C. increases, and the labor-force participation rate is unaffected. D. decreases, and the labor-force participation rate is unaffected. C Camila is a homemaker. Last week, she was busy with her normal household activities. How would the Bureau of Labor Statistics classify her? A. A member of the civilian labor force who is underemployed. B. A member of the civilian labor force who is employed. C. Not a member of the labor force. D. A member of the civilian labor force who is unemployed. E. A discouraged worker who is not a member of the labor force. C Suppose the population (age 16 and over) of Vietnam is 100 million; 5 million are unemployed, and 40 million hold jobs. The labor force participation rate in Vietnam is A. 90 percent. B. 45 percent. C. 10 percent. D. 50 percent. B When information about potential jobs is costly to acquire and individuals must spend time searching for jobs, which type of unemployment will result? A. Frictional B. Structural C. Cyclical D. Seasonal A Structural unemployment is a result of A. inaccurate or costly information about job opportunities. B. difficulties in matching qualified workers with available jobs. C. not enough workers to fill available jobs. D. slow or negative economic growth, as during a recession. B The type of unemployment that occurs because of a recession is called A. frictional unemployment. B. cyclical unemployment. C. natural unemployment. D. seasonal unemployment. B When the rate of cyclical unemployment is zero, the A. natural rate of unemployment must also be zero. B. rate of frictional unemployment must be negative. C. economy is considered to be at full employment. D. economy must have entered a recessionary stage. C Which of the following will most likely reduce the natural rate of unemployment? A. an increase in the proportion of prime-age workers (35-54) as a share of the labor force B. an increase in the minimum wage C. an increase in unemployment benefits D. an increase in the labor force participation rate of teenagers A The current U.S. unemployment insurance program A. has no effect on the unemployment rate. B. tends to significantly lower the unemployment rate. C. tends to modestly lower the unemployment rate. D. tends to raise the unemployment rate. D Other sets by this creatorAMH final questions23 terms michaelelmudesiPlus AMH final terms236 terms michaelelmudesiPlus better chem polyatomic memorization (ATE)6 terms michaelelmudesiPlus Chem polyatomic14 terms michaelelmudesiPlus Recommended textbook solutions
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Which of the following will most likely cause a decrease the natural rate of unemployment?If people retire earlier, this would likely decrease frictional unemployment. As more jobs open up as retirees leave them, it will be easier for the frictionally unemployed to find jobs. This means that the natural rate of unemployment would decrease. The current rate of unemployment in Burrland is 3%.
Which of the following is a commonly cited reason for a decrease in the unemployment rate between the 1980s and today quizlet?Real GDP is equal to real potential GDP. Which of the following is a commonly cited reason for a decrease in the unemployment rate between the 1980s and today? The aging baby boomer population reaching middle age.
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Which of the following will most likely decrease the unemployment rate quizlet
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