Question 1 of 10
10.0/
10.0 Points
Business cycles are
A.movements
in stock prices.
B.the
transfer of executives between firms">
ECON102 quiz 2...

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"Question
Question 1 of 10
10.0/
10.0 Points
Business cycles are
A.movements
in stock prices.
B.the
transfer of executives between firms.
C.used
to describe fluctuations in GDP.
D.a
description of the time required to bring a new product to market.
Question 2 of 10
10.0/
10.0 Points
Economists define the unemployed as individuals who are
A.not
currently working.
B.not
currently working but are actively looking for work.
C.working
but looking for a different job.
D.working
less than their desired amount of time.
Question 3 of 10
10.0/
10.0 Points
Economists define the labor force to include
A.only
people who are working full time.
B.people
who are working.
C.people
who are not working but are actively looking for a job, and people who are
working.
D.all
individuals of work age, regardless of whether they are working or looking for
a job.
Question 4 of 10
10.0/
10.0 Points
People who want to work but have stopped looking for work
because they could not find jobs after actively searching are called
A.employed.
B.unemployed.
C.discouraged
workers.
D.empowered.
Question 5 of 10
0.0/
10.0 Points
Unemployment that naturally occurs during the normal
workings of an economy as people change jobs and move across the country is
called
A.natural
unemployment.
B.frictional
unemployment.
C.structural unemployment.
D.cyclical
unemployment.
Question 6 of 10
10.0/
10.0 Points
unemployment occurs due to a mismatch between the
jobs that are available and the skills of workers seeking jobs.
A.Structural
B.Cyclical
C.Frictional
D.Voluntary
Question 7 of 10
10.0/
10.0 Points
At full employment the unemployment rate equals the
A.cyclical
unemployment rate.
B.structural
unemployment rate.
C.structural
unemployment rate plus the cyclical unemployment rate.
D.structural
unemployment rate plus the frictional unemployment rate.
Question 8 of 10
10.0/
10.0 Points
Economists consider an economy to be at ""full employment
when
A.the unemployment rate equals the natural rate of
unemployment.
B.there
is only a small amount of cyclical unemployment.
C.there
is no frictional unemployment.
D.there
is no structural unemployment.
Question 9 of 10
0.0/
10.0 Points
Economists say that the economy is at ""full
employment"" when the
A.structural
unemployment rate is zero.
B.total
unemployment rate is zero.
C.frictional
unemployment rate is zero.
D.cyclical
unemployment rate is zero.
Question 10 of 10
0.0/
10.0 Points
The economy needs some unemployment to operate efficiently
because without it
A.firms
will find it difficult to recruit workers, leading to increased wages and prices.
B.firms
will find it difficult to recruit workers, leading to reduced wages and prices.
C.workers
will find it difficult to find a job, leading to increased wages and prices.
D.workers will find it difficult to find a job, leading to
reduced wages and prices."

 

Solution ID:393771 | This paper was updated on 26-Nov-2015

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