Which of the following best defines unemployment?
Unemployment
Quiz
•
Social Studies
•
11th - 12th Grade
•
Hard
Mr. McLeod
Used 38+ times
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7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best defines unemployment?
The state of being able to work and actively seeking work, but unable to find employment
The state of being able to work, but choosing not to
The percentage of the labour force that is able and actively seeking work, but cannot find employment
The total number of people who do not work
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following are criticisms of unemployment rate statistics?
The underemployed are counted as being employed
Discouraged workers (who give up searching for employment) are not counted as part of the labour force
Survey inaccuracies
It provides information about the relative health of the economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If an economy is operating at its full employment level of output, labour markets have ___________, and the aggregate demand for labour __________ the aggregate supply of labour.
Overheated, is greater than
Overheated, equals
Reached an equilibrium, equals
Reached an equilibrium, is smaller than
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the formula of unemployment rate???
=(labor force/unemployed)*100%
=(GDP*labor force)/100%
=(unemployed/labor force)*100%
none of them
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the natural rate of unemployment (NRU)?
is defined as the percentage of unemployed workers in the total labor force
is defined an economy if there were no cyclical unemployment. In other words, it's frictional unemployment plus structural unemployment.
refers to an overall increase in the Consumer Price Index (CPI),
none of them
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
When individuals lose jobs due to fall in aggregate demand, often during an economic recession.
Structural Unemployment
Cyclical Unemployment
Frictional Unemployment
Seasonal Unemployment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If auto workers lose their jobs as the industry becomes far more technically intensive and capital intensive, what form of unemployment occurs?
Cyclical
Seasonal
Frictional
Structural
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