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