Which of the following statements is not correct? OA. In 1985, the U.S. economy was in recession. OB. In 2000, the cyclical unemployment rate was approximately -1%. OC. In 2010, the economy was not in full employment. OD. In 1980, the cyclical unemployment rate was equal to the frictional unemployment rate.

If a sizable number of workers switched from full-time to half-time employment, then: O the official unemployment rate would fall. O the official unemployment rate would rise. the official unemployment rate would change but in an uncertain direction. O the official unemployment rate would remain unchanged.

EXPLAIN.....  In the long run, the unemployment rate is determined by ____. the rate of cyclical unemployment the rates of frictional and structural unemployment the rate of structural unemployment the rate of frictional unemployment

Q19 MCQ The unemployment rate may underestimate the true extent of unemployment if:   many people have a part time as well as a full time job. there are a large number of people working in the underground economy. many people become discouraged and cease looking for work. D. employees increase the number of hours they work overtime

Recovery won't Improve unemployment Despite some optimism about the seeds of recovery, the Congressional Budget Office (CBO) sees joblessness rising. The CBP sees unemployment peaking at 10.4% next year from an average of 9.3% this year, before it falls to 9.1% in 2011. Source: Fortune, August 25, 2009 Why does unemployment continue to rise as an expansion begins? OA. The unemployment rate is a leading indicator of the business cycle, so unemployment continues to rise as an expansion begins. OB. In the early stages of an expansion, the labor force decreases. OC. In the early stages of an expansion, unemployment increases as firms lay off workers in an attempt to cut costs. D. As an expansion begins, previously marginally attached workers look for jobs, exceeding the number of people hired.

The structural unemployment rate is 4 percent, the natural unemployment rate is 5 percent, and the cyclical unemployment rate is 3 percent. The frictional unemployment rate is ____________ percent and the actual unemployment rate is __________ percent.   A. 2; 7   B. 2; 8   C. 1; 7   D. 1; 8

At a business cycle trough, cyclical unemployment is A. high; zero B. zero; low C. negative; positive D. positive; negative and at a business cycle peak, cyclical unemployment is

The sum of frictional, seasonal, and structural unemployment is referred to as the _______________________________. This is the average level of unemployment that is expected to prevail in an economy and in the absence of cyclical unemployment.   a. natural rate of unemployment   b. “full employment" unemployment rate   c. normal rate of unemployment   d. none of the above is correct   e. a, b, and c are all correct

If Jupiter has a population of 300,000 people, a labor force of 250,000 people, and 220,000 are employed, what is the unemployment rate?Hint: Find the employment rate. How is it related to the unemployment rate? Question 8Answer a. 16% b. 10% c. 14% d. 12%

不 Ottawa Seeks ways to Speed Up Skills-Training Programs Last year, the federal government introduced a training benefit designed to help employed workers upgrade their skills or to help workers made unemployed as a result of automation to learn new skills that are in demand now. What effect will this training benefit have on Canada's unemployment rate and the natural unemployment rate? This training benefit will OA. decrease; increase the unemployment rate and the natural unemployment rate. OB. decrease; not change OC. increase; increase OD. decrease; decrease Source: theglobeandmail.com, April 5, 2020