Sheamous loses his job and decides to sit on the beach rather than look for work during the next few months.Other things the same, the unemployment rate Select one: O a. is unaffected and the labor-force participation rate decreases. O b. increases and the labor-force participation rate is unaffected. O C. and the labor-force participation rate are both unaffected. Od increases and the labor-force participation rate decreases.

Which of the following statements are true? Select one or more: O a. Someone is counted as unemployed if they do not have a job. O b. The participation rate is the (employed/labour force) x 100. Oc. The unemployment rate is (unemployed/labour force) x 100. O d. The unemployment rate is (unemployed/population of working age) x 100. F

Question 33 One shortcoming of the official unemployment rate is that it a) is unreliable because it is easily manipulated by the government. b) accounts for underemployed workers and marginally attached workers. Oc) is very stable through recessions and is unreliable as an economic indicator. O d) includes only workers who have no jobs and are actively seeking work. O e) only indicates the length of unemployment.

during expansions. The rate of unemployment tends to during recessions and During prolonged recessions, it is difficult for workers to find a job and many workers become discouraged. Which of the following is a correct statement? O A. Discouraged workers are counted in the labor force and cause the participation rate to fall. B. Discouraged workers are counted in the labor force and cause the participation rate to rise. C. Discouraged workers are not counted in the labor force and cause the participation rate to fall. OD. Discouraged workers are not counted in the labor force and cause the participation rate to rise.

Sheamous loses his job and decides to sit on the beach rather than look for work during the next few months.Other things the same, the unemployment rate Select one: O a. and the labor-force participation rate are both unaffected. O b. is unaffected and the labor-force participation rate decreases. O c. increases and the labor-force participation rate decreases. O d. increases and the labor-force participation rate is unaffected.

The reference base period is a period for which the is defined to equal Currently, the reference base period is 1982-1984. O A. inflation rate; 1 percent O B. PPI; 110 O C. interest rate; 1 percent O D. CPI; 100 Click to select your answer. DI

The figure on the right shows the average monthly flows (in millions) between employment, unemployment, and non-participation for a hypothetical economy. According to the figure, the proportion of unemployed workers finding jobs in an average month is %. (Round your response to one decimal place.) U.S. data covering the 1996-2014 period show that the proportion of unemployed workers finding jobs has O A. an indeterminate relationship with the unemployment rate. OB. a strong inverse relationship with the unemployment rate. OC. a weak inverse relationship with the unemployment rate. OD. a strong positive relationship with the unemployment rate. Employment 165.8 million 1.9 4.7 2.6 1.7 5.3 Unemployment Out of the labor force 7.7 million 2.0 77.1 million G

When is the economy at the natural rate of unemployment? Select one: O a. All of these choices are correct O b. When everyone in the economy who wants to work is working O c. When the only kinds of unemployment are frictional, structural, and cyclical O d. When everyone in the economy is working Oe. When the only people who want to work and are not working are frictionally unemployed people who are not willing to work unskilled jobs while they search, and structurally unemployed people who are not willing to work unskilled jobs while the get new skills O f. None of these choices are correct