Econ Chapter 21 questions with
correct answers
If the unemployment rate is 8 percent, then this means: - ANS ✔✔8 percent of the labor force is
unemployed.
A forestry worker who is out of work because of the temporarily low demand for wood products
associated with a recession is defined as: - ANS ✔✔cyclically unemployed.
Each month the Census Bureau carries out the Current Population Survey (CPS) (which has been
carried out every month since 1940). A total of __________ households are contacted every
month. - ANS ✔✔60,000
A university student who is enrolled in school fulltime and not seeking employment is
considered: - ANS ✔✔out of the labor force.
Cyclical unemployment arises when: - ANS ✔✔business activity in the macroeconomy declines.
If a nation's labor force receives a significant influx of young workers: - ANS ✔✔the natural rate
of unemployment is likely to increase.
The U.S. unemployment rate moves up and down as the economy moves in and out of
recessions. But over time, the unemployment rate seems to return to a range of ____________.
- ANS ✔✔4%-6%
The development of a nationwide computerized job bank listing of all job openings would be
most likely to reduce: - ANS ✔✔frictional unemployment
correct answers
If the unemployment rate is 8 percent, then this means: - ANS ✔✔8 percent of the labor force is
unemployed.
A forestry worker who is out of work because of the temporarily low demand for wood products
associated with a recession is defined as: - ANS ✔✔cyclically unemployed.
Each month the Census Bureau carries out the Current Population Survey (CPS) (which has been
carried out every month since 1940). A total of __________ households are contacted every
month. - ANS ✔✔60,000
A university student who is enrolled in school fulltime and not seeking employment is
considered: - ANS ✔✔out of the labor force.
Cyclical unemployment arises when: - ANS ✔✔business activity in the macroeconomy declines.
If a nation's labor force receives a significant influx of young workers: - ANS ✔✔the natural rate
of unemployment is likely to increase.
The U.S. unemployment rate moves up and down as the economy moves in and out of
recessions. But over time, the unemployment rate seems to return to a range of ____________.
- ANS ✔✔4%-6%
The development of a nationwide computerized job bank listing of all job openings would be
most likely to reduce: - ANS ✔✔frictional unemployment
