ECN 1500 - FINAL QUESTIONS AND VERIFIED ANSWERS |
100% CORRECT | ALREADY GRADED A
How often does the BLS produce employment data? Correct Answers
Monthly
If I go to school full-time and work at a restaurant at nights to help pay
for school, how would I be categorized by the BLS? Correct Answers
Employed
Consider a labor force of 45,000 with a 16% unemployment rate, find E.
Correct Answers 37,800
The natural rate of unemployment represents the most current rate of
unemployment. Correct Answers False
Unemployment numbers are generally attributable to a majority of
workers who are unemployed for long periods of time. Correct Answers
False
Sectoral shifts cause structural unemployment. Correct Answers False
What is an example of when the government can cause an increase in
frictional unemployment? Correct Answers Unemployment insurance
If my unemployment insurance ends in 3 months, when am I most likely
to find a job? Correct Answers about 3 months from now
, A wage above the equilibrium wage will cause a(n) Correct Answers
surplus of labor
Why might a firm choose to pay a higher than market wage? Correct
Answers encourage workers to work harder
I got fired from my job 4.5 weeks ago. I took that whole time to take a
trip to Europe and just got home today. What am I according to the
BLS? Correct Answers Unemployed
If the labor-force participation rate is greater than or equal to 63%,
which of these could be the unemployment rate? Correct Answers 20%
Employment and unemployment are easily measured. Correct Answers
False
Cyclical unemployment refers to the cycle of long-term unemployment.
Correct Answers False
Since 2007, the labor-force participation rate has _____. Correct
Answers
Most all economists agree that unemployment benefits are a bad policy.
Correct Answers False
100% CORRECT | ALREADY GRADED A
How often does the BLS produce employment data? Correct Answers
Monthly
If I go to school full-time and work at a restaurant at nights to help pay
for school, how would I be categorized by the BLS? Correct Answers
Employed
Consider a labor force of 45,000 with a 16% unemployment rate, find E.
Correct Answers 37,800
The natural rate of unemployment represents the most current rate of
unemployment. Correct Answers False
Unemployment numbers are generally attributable to a majority of
workers who are unemployed for long periods of time. Correct Answers
False
Sectoral shifts cause structural unemployment. Correct Answers False
What is an example of when the government can cause an increase in
frictional unemployment? Correct Answers Unemployment insurance
If my unemployment insurance ends in 3 months, when am I most likely
to find a job? Correct Answers about 3 months from now
, A wage above the equilibrium wage will cause a(n) Correct Answers
surplus of labor
Why might a firm choose to pay a higher than market wage? Correct
Answers encourage workers to work harder
I got fired from my job 4.5 weeks ago. I took that whole time to take a
trip to Europe and just got home today. What am I according to the
BLS? Correct Answers Unemployed
If the labor-force participation rate is greater than or equal to 63%,
which of these could be the unemployment rate? Correct Answers 20%
Employment and unemployment are easily measured. Correct Answers
False
Cyclical unemployment refers to the cycle of long-term unemployment.
Correct Answers False
Since 2007, the labor-force participation rate has _____. Correct
Answers
Most all economists agree that unemployment benefits are a bad policy.
Correct Answers False
