How does an increase in the minimum wage affect unemployment levels in a perfectly competitive labor market? A. It has no effect on unemployment levels. B. It decreases unemployment levels. C. It increases unemployment levels. D. It initially increases but eventually decreases unemployment levels.
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- 1) As the unemployment rate rises: A) the separation rate decreases. B) the young and unskilled experience lower-than-average increases in unemployment. C) the young and skilled experience larger-than-average increases in unemployment. D) the young and unskilled experience larger-than-average increases in unemployment. E) the proportion of the unemployed finding a job increases.In the beginning of a recovery after a recession, employment begins to rise and the news media report these data on job growth. a) would such a report have an impact on the labor force ? b) how would it effect the unemployment rate?Describe how a rise in the wage rate might cause unemployment.
- How is the labor force defined and who measures it? How is the unemployment rate calculated? Does an increase in the unemployment rate necessarily mean a decline in the size of the labor force? Why is a positive unemployment rate—one more than zero percent—fully compatible with full employment?When there is an increase in the duration of unemployment, the U.S. Congress typically responds by Select one: a. extending unemployment benefits. b. encouraging unemployed U.S. workers to seek employment overseas. c. lowering income taxes. d. redefining "unemployed" so the unemployment rate does not look so bad.In the figure above, if a minimum wage of $6 per hour has been imposed and the labor demand curve then shifts from Do to D1 the wage rate and the amount of employment A.falls; decreases B.does not change; increases C.does not change; decreases Pay attention that word above is "employment," not"unemployment" D) falls, increases
- Who reports the official U.S. unemployment rate? a. the U.S. Federal Reserve b. the U.S. Bureau of Labor Statistics c. unemployment collection offices d. the U.S. Treasury Department How frequently is the survey that determines unemployment released? a. yearly b. quarterly c. monthly d. weekly30. Which of the following represents the unemployment that happens due to employee dissatisfaction in the working environment? a.Seasonal unemployment b.Underemployment c.Frictional unemployment d.Cyclical unemploymentUnemployment rate ......... when more people ...... or ...... (QUEATİON MAY HAVE MORE THAN ONE CORRECT ANSWER.) a. declines / find jobs/enter the labor force b.declines / find jobs / take a vacation c.declines / find jobs / withdraw from the labor force d.dincreases/lose jobs / run out of unemployment insurance compensation e.increses/lose jobs/ enter the labor force
- Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania willdecrease . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, willincrease . The temporary unemployment resulting from such sectoral shifts in the economy is best described asfrictional unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply.8) The text lists four types of unemployment, structural, cyclical, frictional, or seasonal. Which type is each of the following? a. You quit your job in Kars because you are tired of cold weather, drive to Antalya and look for work. b. You are laid off from Alpha Computer, Inc., because demand for computers has fallen off in the current recession. c. You have 15 vears experience as a pipeline worker, but number of pipeline projects is declining and you cannot find a company that is hiring pipeline workers. d. You, a high school dropout, can find no openings for manual labor, and you are not qualified for any of the openings that do exist. e. You have just graduated from secretarial school with strong word-processing skills, but as you looks for work she discovers that almost every business in town is laying off clerical staff. f. You are a construction worker. Because of adverse weather during the winter, you have been laid off from your job. You are available for work and have even…For the following situations, identify the type of unemployment each represents. a. Because of the decline in the U.S. birth rate, baby clothes manufacturers are laying off workers. b. Bill decided to relocate to Texas. He quit his present job and found a new job in Texas three weeks later. c. As interest rates continue to rise, the sale of new homes decreases. This has caused an increase of unemployed construction workers.
