The absence of cyclical unemployment means the economy is at the natural unemployment rate. O True False QUESTION 2 The unemployment rate measures the percentage of the working-age population who can't find a job. O True False

When cyclical unemployment is zero, O the unemployment rate equals the natural unemployment rate. O frictional unemployment is zero. O cyclical and frictional unemployment are zero. O the natural unemployment rate is zero. O structural unemployment is zero.

Which of these scenarios would result in an decrease of the unemployment rate as well as an increase in the labour force participation rate? O O Some working people decide to retire early Some unemployed people decide to stop looking for a job Some women come back to the labor market after years of raising the kids at home and start looking for a job Some full time, not working students graduate from college and

Suppose the economy of Mistania has an adult population of 600 million people. 43 million workers are unemployed and 437 millions are employed. What is the labor force? ← OBelow the Natural Rate of Unemployment OAt the Natural Rate of Unemployment OAbove the Natural Rate of Unemployment million What is the unemployment rate? Indicate how the unemployment rate in Mistania compares to the Natural Rate of Unemployment. %

Suppose the unemployment rate increases. If at the same time we observe the labor force participation rate decreasing, we can conclude that The labor force participation rate is falling for a bad reason O The unemployment rate is increasing for a bad reason O The unemployment rate is increasing for a good reason O The labor force participation rate is falling for a good reason

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

Which statement correct describes the U.S. unemployment rate? The U.S. unemployment rate A. is calculated as the percentage of the working-age population who are unemployed or discouraged B. shows a downward trend O C. was lower during World War II than during the Vietnam War O D. is calculated as the percentage of the labor force who are unemployed or discouraged