Unemployment Review (FA)

Which year was the unemployment rate the highest?

(a)  

Which period saw a consistent decline in the unemployment rate?

• 1998-2002

• 2000-2004

• 2002-2006

• 2006-2010

According the graph, what probably happened in 2007?

• The US economy did not change.

• The US economy experienced a recession.

• The US economy experienced a boom.

• The US economy experienced an upswing.

Read the following situation and determine which type of unemployment is featured:

A person picked grapes in California during the harvest, but now has no job because the harvest is over.

• Frictional

• Seasonal

• Structural

• Cyclical

Read the following situation and determine which type of unemployment is featured:

A person worked at car manufacturing plant but was let go because a machine was invented to do his job.

• Frictional

• Seasonal

• Structural

• Cyclical

Read the following situation and determine which type of unemployment is featured:

A person graduated from college and decided to take a long time to find the right job.

• Frictional

• Seasonal

• Structural

• Cyclical

Read the following situation and determine which type of unemployment is featured:

A person worked at a beach souvenir shop during the summer but was let go at the end of the summer.

• Frictional

• Seasonal

• Structural

• Cyclical

Read the following situation and determine which type of unemployment is featured:

A person quit his job because he hated it and is now looking for another.

• Frictional unemployment

• Structural unemployment

• Cyclical unemployment

• Seasonal unemployment

Read the following situation and determine which type of unemployment is featured:

A person was working at a new restaurant in town, but it closed due to slow business.

• Cyclical unemployment

• Frictional unemployment

• Structural unemployment

• Seasonal unemployment

Read the following situation and determine which type of unemployment is featured:

Uber and Lyft have taken over, leaving taxi drivers out of business.

• Frictional unemployment

• Structural unemployment

• Seasonal unemployment

• Cyclical unemployment