Mod 2.3: Unemployment

In general, economic expansions are characterized by:

• increasing rates of unemployment.

• decreasing rates of unemployment.

• decreasing employment.

• unchanged rates of employment.

• unchanged rates of unemployment.

To be considered unemployed, a person must

• collect unemployment insurance.

• work more than 30 hours per week.

• have been laid off from a job that was held for one year or longer.

• not be working but want to have a job.

• not be working but be available for and actively seeking a job.

Which of the following types of unemployment is due to the amount of time workers spend on the job search?

• structural unemployment

• cyclical unemployment

• frictional unemployment

• natural unemployment

• unemployment rate

Which of the following is a cause of structural unemployment?

• Workers take more time looking for the right job.

• There are more jobs than workers.

• Workers lack the skills to do the jobs available.

• The jobs available are not appealing to workers.

• Workers are underpaid.

What type of unemployment is caused by a recession?

• structural

• cyclical

• frictional

• natural

• actual

If an 18-year-old worker is employed part time, they are definitely part of the:

• marginally employed workers

• unemployment rate

• natural unemployment rate

• work force participation rate

• cyclical unemployment rate

If the actual unemployment rate is 7% and the cyclical unemployment rate is 2%, then the natural rate of unemployment is

• 2%

• 3%

• 5%

• 7%

• 9%