Reading 22: Monitoring Cycles, Jobs, and the Price Level - following, class, style, black

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1.Which of the following is NOT a type of unemployment?

A)   Frictional.

B)   Cyclical.

C)   Structural.

D)   Temporal.

2.Unemployment can be divided into the following three categories:

A)   Frictional, seasonal, cyclical.

B)   Structural, seasonal, technical.

C)   Frictional, cyclical, structural.

D)   Technical, frictional, seasonal.

3.Which of the following statements about unemployment is least accurate?

A)   Frictional unemployment is unemployment due to changes in the economy that prevent qualified workers from being immediately matched with existing job openings.

B)   The economy is said to be operating at full employment only if there is no cyclical or frictional unemployment in the economy.

C)   The economy is said to be operating at full employment when cyclical unemployment is zero.

D)   There is some level of unemployment when the economy is said to be operating at full employment.

4.The natural rate of unemployment exists when:

A)   the economy operates below full employment.

B)   the economy operates at full employment.

C)   frictional unemployment is zero.

D)   structural unemployment is zero.

5.Unemployment due to the time it takes for qualified workers to be matched with existing job openings describes:

A)   structural unemployment.

B)   frictional unemployment.

C)   cyclical unemployment.

D)   normal unemployment.

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答案和详解如下：

1.Which of the following is NOT a type of unemployment?

A)   Frictional.

B)   Cyclical.

C)   Structural.

D)   Temporal.

The correct answer was D)

There are only three types of unemployment: frictional, cyclical, and structural.

§ Frictional unemployment is due to constant changes in the economy that prevent qualified workers from being immediately matched with existing job openings.

§ Cyclical unemployment is when the economy is operating at less than full capacity.

§ Structural unemployment is due to structural changes in the economy that eliminate some jobs while generating job openings for which unemployed workers are not qualified.

2.Unemployment can be divided into the following three categories:

A)   Frictional, seasonal, cyclical.

B)   Structural, seasonal, technical.

C)   Frictional, cyclical, structural.

D)   Technical, frictional, seasonal.

The correct answer was C)

Unemployment can be divided into frictional, cyclical, or structural unemployment.

3.Which of the following statements about unemployment is least accurate?

A)   Frictional unemployment is unemployment due to changes in the economy that prevent qualified workers from being immediately matched with existing job openings.

B)   The economy is said to be operating at full employment only if there is no cyclical or frictional unemployment in the economy.

C)   The economy is said to be operating at full employment when cyclical unemployment is zero.

D)   There is some level of unemployment when the economy is said to be operating at full employment.

The correct answer was B)

The economy is said to be operating at full employment when cyclical unemployment is zero. Structural and/or frictional unemployment may still exist, but the economy may still be said to be at full employment.

4.The natural rate of unemployment exists when:

A)   the economy operates below full employment.

B)   the economy operates at full employment.

C)   frictional unemployment is zero.

D)   structural unemployment is zero.

The correct answer was B)

The natural rate of unemployment exists when the economy operates at full employment. At full employment, cyclical unemployment is zero.

5.Unemployment due to the time it takes for qualified workers to be matched with existing job openings describes:

A)   structural unemployment.

B)   frictional unemployment.

C)   cyclical unemployment.

D)   normal unemployment.

The correct answer was B)

Structural unemployment is due to structural changes in the economy that eliminate some jobs while generating job openings for which unemployed workers are not qualified. Cyclical unemployment results from short-term deviations from "full employment."