QUIZ #2 UNEMPLOYMENT

An increase in unemployment benefits tends to:

lower the incentive to search for a job and raise structural unemployment.

If the adult population of a country is 200 million, 100 million are employed, and 10 million are unemployed, this country's labor force is:

110 million.

Which of the following is a case of cyclical unemployment?

Garrett lost his job after the company closed during last year's recession.

As the baby boomers retire, the United States labor force participation rate will:

decrease.

An unemployed person is one who:

does not have a job but is actively looking for one.

Countries in Western Europe have:

higher minimum wages, higher median wages, and higher unemployment than the United States.

The actual unemployment rate varies around the:

natural unemployment rate.

A discouraged worker is a:

person who has given up looking for work but would still like a job if one is available.

Frictional unemployment is best defined as:

short-term unemployment caused by difficulties of matching employees to employers.

Oil shocks, the shift from manufacturing to service jobs, and the use of new technologies are reason for __________ unemployment.

structural