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Exam 15: Unemployment

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Question 241

True/False

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The amount of unemployment varies little over time and across countries.

A) True
B) False

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Question 242

Multiple Choice

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In the absence of right-to-work laws, workers

A) that went on strike could be permanently replaced.
B) might be required to join the union if they worked for a unionized firm.
C) would not be able to unionize.
D) would not be able to strike.

E) B) and D)
F) B) and C)

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Question 243

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Figure 15-1 -Refer to Figure 15-1. If the government imposes a minimum wage of $4, then how many workers will be employed?

According to 2009 data on the U.S. population, which of the following groups of adults (ages 20 and older) had the lowest unemployment rate?

Public policy

Suppose some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were employed?

If people who report being unemployed are not, in fact, trying hard to find a job, then the reported unemployment rate will be baised upward.

Why have labor-force participation rates for women in the United States increased since World War II while labor-force participation rates for men have decreased?

Even though the difference in labor-force participation rates of U.S. males and females has narrowed, the labor-force participation rate of males remains higher than that of females.

Figure 15-1 -Refer to Figure 15-1. If the government imposes a minimum wage of $8, then how many workers will be unemployed?

Since the 1940's U.S. union membership has

Most spells of unemployment are short, and most unemployment observed at any given time is long-term.

People who report being not in the labor force but who, in fact, want to work but have given up trying to find a job after an unsuccessful search cause the reported unemployment rate to be lower than it would otherwise be.

Government policy can do nothing about the natural rate of unemployment.

The natural rate of unemployment is closely associated with the short-run ups and downs of economic activity.

Figure 15-1 -Refer to Figure 15-1. If unemployment is 2000 workers, then the minimum wage must be

Table 15-1 Labor Data for Aridia $\begin{array} { | l | c | c | c | } \hline \text { Year } & \mathbf { 2 0 1 0 } & \mathbf { 2 0 1 1 } & \mathbf { 2 0 1 2 } \\\hline \text { Adult population } & 2000 & 3000 & 3200 \\\hline \text { Number of emplayed } & 1400 & 1300 & 1600 \\\hline \text { Number of unemplayed } & 200 & 600 & 200 \\\hline\end{array}$ -Refer to Table 15-1. The labor-force participation rate of Aridia

Public policy can reduce frictional unemployment.

Edgar is working part-time. Diane is on temporary layoff. Who is included in the Bureau of Labor Statistics' "employed" category?

Most spells of unemployment are long, and most unemployment observed at any given time is long-term.