Topic 6 - Unemployment Quiz

Workers who stop looking for work due to unsuccessful job search


(a)  

The deviation of the unemployment rate from its natural rate.


(a)  

Wages voluntarily paid in excess of the competitive equilibrium wage to increase worker
productivity.


(a)  

Percentage of the labor force that is unemployed.


(a)  

Percentage of the adult population in the labor force


(a)  

Temporary financial assistance for unemployed persons while they look for work or upgrade their
skills


(a)  

The sum of persons who are either unemployed or employed.


(a)  

Unemployment that results from the number of jobs available in some labor markets is insufficient
for the number of workers


(a)  

Unemployment occurs when workers spend time searching for the jobs that best suit their skills and
tastes.


(a)  

Government policy can do nothing about the natural rate of unemployment

• False

• True