Chapter 19

Chapter 19

Assessment

Quiz

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University

Practice Problem

Easy

Created by

Shaylynn Hunter

Used 4+ times

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33 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

the unemployment rate to decrease.

no change in the unemployment rate.

the labor force participation rate to decrease.

the number of discouraged workers to increase.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An increase in unemployment insurance payments​ would, in​ effect, ________ the amount of time spent searching for a​ job, which would increase​ ________ unemployment.

decrease; frictional

increase; cyclical

decrease; cyclical

increase; frictional

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The advice to​ "keep searching, there are plenty of jobs around here for which you are​ qualified", would be most appropriate for which of the following types of​ unemployment?

frictional unemployment

cyclical unemployment

structural unemployment

seasonal unemployment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The labor force equals the number of people

in the working−age population.

employed

unemployed

employed plus unemployed.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be the best measure of the cost of​ living?

GDP deflator

real GDP per person

consumer price index

real GDP

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The advice to​ "retrain" would be most appropriate for which of the following types of​ unemployment?

cyclical unemployment

core unemployment

structural unemployment

frictional unemployment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might firms pay wages that are above the equilibrium wage in a​ market?

to reduce profit

to encourage workers to form labor unions

to reduce the unemployment rate

to increase the productivity of their workers

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