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Exam 15: Unemployment

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Question 81

True/False

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Today, unions play a larger role in Europe than they do in the U.S.

A) True
B) False

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Question 82

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Write the formula for calculating the unemployment rate.

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Question 83

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All else equal, which of the following would increase the unemployment rate? i) an increase in the number of women who return to work after being stay-at-home mothers Ii) a preference among older men to retire early Iii) an increase in the maximum number of weeks for which someone can receive government unemployment benefits Iv) an increase in the number of previously unemployed women who stop looking for work and become discouraged workers

When job search is the explanation for unemployment, workers are searching for the jobs that best suit their tastes and skills, but when the wage is above the equilibrium level, the quantity of labor supplied exceeds the quantity of labor demanded, and workers are unemployed because they are waiting for jobs to open up.

Within the U.S. population, blacks of prime working age ages 25-54) have similar rates of unemployment than whites of prime working age ages 25-54), regardless of gender.

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no

The Bureau of Labor Statistics computes labor-force participation rates for the entire adult population and for more narrowly defined groups.

Since 1960, the natural rate of unemployment in the U.S. has been between

Table 28-4 2010 Labor Data for Adults ages 16 and older) in Meditor -Refer to Table 28-4. What is the adult female labor-force participation rate in Meditor?

Frictional unemployment is often thought to explain relatively long spells of unemployment.

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Table 28-7 Below is data about the labor market in the city of Productionville. -Refer to Table 28-7. If the local government imposed a minimum wage of $8 in Productionville, how many people would be unemployed?

Most economists agree that eliminating unemployment insurance would increase the amount of unemployment in the economy.

Most economists believe unions are bad for the economy as a whole.

Figure 28-3 -Refer to Figure 28-3. At the equilibrium wage, how many workers are unemployed?

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age ages 25-54) had the highest labor-force participation rate?

The Bureau of Labor Statistics produces data on unemployment, types of employment, length of the average workweek, and the duration of unemployment.

Table 28-4 2010 Labor Data for Adults ages 16 and older) in Meditor -Refer to Table 28-4. What is the adult female unemployment rate in Meditor?

Table 28-6 -Refer to Table 28-6. What is the U-4 measure of labor underutilization?

Some long-run unemployment may be explained by the fact that the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one.