Reading 22: Monitoring Jobs and the Price Level-LOS c 习题精选 2011, employment, relation, between

1215

Session 5: Economics: Market Structure and Macroeconomic Analysis
Reading 22: Monitoring Jobs and the Price Level

LOS c: Explain the types of unemployment, full employment, the natural rate of unemployment, and the relation between unemployment and real GDP.

 

 

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

A) frictional unemployment.

B) structural unemployment.

C) cyclical unemployment.

---

 

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."

1215

The natural rate of unemployment exists when:

A) the economy operates below full employment.

B) structural unemployment is zero.

C) the economy operates at full employment.

---

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

1215

When individuals are unemployed because they do not have perfect information concerning available jobs, this is:

A) structural unemployment.

B) frictional unemployment.

C) natural unemployment.

---

Frictional unemployment exists because workers and employers do not have perfect information and must expend time and resources on search activities.

1215

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.

---

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.

1215

Which type of unemployment describes a situation where workers who have been laid off due to economic changes and they are unable to find work due to a lack of education or the necessary skills to move into another available job?

A) Frictional.

B) Structural.

C) Cyclical.

---

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 is when the economy is operating at less than full capacity.

1215

Unemployment can be divided into the following three categories:

A) Frictional, cyclical, structural.

B) Frictional, seasonal, cyclical.

C) Technical, frictional, seasonal.

---

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

1215

Which of the following is NOT a type of unemployment?

A) Temporal.

B) Frictional.

C) Structural.

---

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.

1215

At full employment:

A) structural unemployment is zero.

B) cyclical unemployment is zero

C) frictional unemployment is zero.

---

When the economy is operating at less than full capacity, positive levels of cyclical unemployment will be present. At levels above full capacity negative cyclical unemployment will exist.

1215

Which type of unemployment describes situations where qualified workers are not immediately matched with existing job openings?

A) Frictional.

B) Structural.

C) Cyclical.

---

Frictional unemployment will prevent qualified workers from being immediately matched with existing job openings. Two causes are imperfect information and the job search conducted by both employers and employees.

1215

Cyclical unemployment is closely associated with:

A) fluctuations in the natural rate of unemployment.

B) long-term economic growth.

C) short-run fluctuations in the economy.

---

Cyclical unemployment is caused by a change in the general level of economic productivity and occurs when the economy is not operating at full employment. Like a recession, cyclical unemployment is a short-run phenomenon. Frictional and structural unemployment exist even when the economy is operating a full employment, and thus are considered long-run types of unemployment.