ECON 2030 FINAL EXAM
QUESTIONS AND 100% CORRECT
ANSWERS!!
Suppose the government launches a successful advertising campaign that convinces
workers with high school degrees to quit their jobs and become full time college students.
This would cause
no change in the unemployment rate.
the labor force participation rate to decrease.
the number of discouraged workers to increase.
the unemployment rate to decrease.
the labor force participation rate to decrease.
Which of the following cause the unemployment rate as measured by the Bureau of Labor
Statistics to understate the true extent of joblessness?
unemployed persons falsely report themselves to be actively looking for a job
discouraged workers
inflation
people employed in the underground economy
discouraged workers
Which of the following cause the unemployment rate as measured by the Bureau of Labor
Statistics to overstate the true extent of joblessness?
unemployed persons falsely report themselves to be actively looking for a job
inflation
discouraged workers
counting people as employed who are working part time, although they would prefer to be
working full time
,unemployed persons falsely report themselves to be actively looking for a job
Frictional unemployment is the result of
the process of matching workers with jobs.
the ups and downs in inflation.
a slowdown in the economy.
a persistent mismatch between the skills and characteristics of workers and
the requirements of the jobs.
the process of matching workers with jobs.
The natural rate of unemployment is the amount of unemployment
that exists when the economy is in an expansion.
equal to frictional plus structural unemployment.
that exists when the economy goes into recession.
associated with the business cycle.
equal to frictional plus structural unemployment.
If you have trouble finding a job because of a slowdown in the overall economy, we would
say that you are
cyclically unemployed.
structurally unemployed.
seasonally unemployed.
frictionally unemployed.
cyclically unemployed.
The advice to "retrain" would be most appropriate for which of the following types
of unemployment?
structural unemployment
, cyclical unemployment
core unemployment
frictional unemployment
structural unemployment
Cyclical unemployment is the result of
the ups and downs in inflation.
a persistent mismatch between the skills and characteristics of workers and
the requirements of the jobs.
the search process of matching workers with jobs.
a slowdown in the economy.
a slowdown in the economy.
Structural unemployment is the result of
the search process of matching workers with jobs.
a slowdown in the economy.
a persistent mismatch between the skills and characteristics of workers and
the requirements of the jobs.
the ups and downs in inflation.
a persistent mismatch between the skills and characteristics of workers and the requirements
of the jobs.
If advances in robotics, automation, and artificial intelligence lead to the elimination of
jobs, and the people who held those jobs need to learn new skills to find new jobs,
those people would be considered
cyclically unemployed.
seasonally unemployed.
frictionally unemployed.
structurally unemployed.
QUESTIONS AND 100% CORRECT
ANSWERS!!
Suppose the government launches a successful advertising campaign that convinces
workers with high school degrees to quit their jobs and become full time college students.
This would cause
no change in the unemployment rate.
the labor force participation rate to decrease.
the number of discouraged workers to increase.
the unemployment rate to decrease.
the labor force participation rate to decrease.
Which of the following cause the unemployment rate as measured by the Bureau of Labor
Statistics to understate the true extent of joblessness?
unemployed persons falsely report themselves to be actively looking for a job
discouraged workers
inflation
people employed in the underground economy
discouraged workers
Which of the following cause the unemployment rate as measured by the Bureau of Labor
Statistics to overstate the true extent of joblessness?
unemployed persons falsely report themselves to be actively looking for a job
inflation
discouraged workers
counting people as employed who are working part time, although they would prefer to be
working full time
,unemployed persons falsely report themselves to be actively looking for a job
Frictional unemployment is the result of
the process of matching workers with jobs.
the ups and downs in inflation.
a slowdown in the economy.
a persistent mismatch between the skills and characteristics of workers and
the requirements of the jobs.
the process of matching workers with jobs.
The natural rate of unemployment is the amount of unemployment
that exists when the economy is in an expansion.
equal to frictional plus structural unemployment.
that exists when the economy goes into recession.
associated with the business cycle.
equal to frictional plus structural unemployment.
If you have trouble finding a job because of a slowdown in the overall economy, we would
say that you are
cyclically unemployed.
structurally unemployed.
seasonally unemployed.
frictionally unemployed.
cyclically unemployed.
The advice to "retrain" would be most appropriate for which of the following types
of unemployment?
structural unemployment
, cyclical unemployment
core unemployment
frictional unemployment
structural unemployment
Cyclical unemployment is the result of
the ups and downs in inflation.
a persistent mismatch between the skills and characteristics of workers and
the requirements of the jobs.
the search process of matching workers with jobs.
a slowdown in the economy.
a slowdown in the economy.
Structural unemployment is the result of
the search process of matching workers with jobs.
a slowdown in the economy.
a persistent mismatch between the skills and characteristics of workers and
the requirements of the jobs.
the ups and downs in inflation.
a persistent mismatch between the skills and characteristics of workers and the requirements
of the jobs.
If advances in robotics, automation, and artificial intelligence lead to the elimination of
jobs, and the people who held those jobs need to learn new skills to find new jobs,
those people would be considered
cyclically unemployed.
seasonally unemployed.
frictionally unemployed.
structurally unemployed.
