Macro CH 21 sample questions

Transcription

1 Class: Date: Macro CH 21 sample questions Multiple Choice Identify the choice that best completes the statement or answers the question. 1. Which of the following conducts the Current Population Survey? a. the President of the United States b. the Bureau of Population Studies c. the Bureau of Labor Statistics and the Bureau of the Census d. the Center for Labor and Jobs e. each of the 50 states' Employment Bureau 2. The Bureau of Labor Statistics (BLS) compiles information about employment by a. performing a census of every household in the nation. b. performing a quarterly survey 6,000,000 households. c. performing a monthly survey of 60,000 households. d. determining the average estimate of labor market specialists around the nation. e. contacting each of the 50 states' Departments of Labor. 3. The working-age population includes a. those in jails and hospitals. b. youngsters between the ages of 14 and 16 if they are working at least part time. c. employed and unemployed people over the age of 16. d. only employed people over the age of 16. e. people over the age of 16 who are in the Army. 4. If Michelle, age 22, worked 2 hours as a paid employee the week before the survey, Michelle is classified in the Current Population Survey as a. unemployed. b. employed. c. a discourage worker. d. not in the labor force. e. not in the working-age population. 5. If a 19-year old college student can not find a full time job and has to take a part-time job, he or she will be categorized in the Current Population Survey as a. unemployed. b. employed. c. not in the labor force. d. a dissatisfied worker. e. not in the working-age population. 6. In order to be considered "employed," in the week before the Current Population Survey a person must a. worked 40 hours or more as a paid employee. b. worked more than 35 hours as a paid employee. c. have looked for work. d. worked at least 1 hour as a paid employee. e. worked more than 20 hours as a paid employee. 1

2 7. If Brian, age 24, had no job but was available for work and had looked for a job the week before the survey, Brian is classified in the Current Population Survey as a. unemployed. b. employed. c. a discourage worker. d. not in the labor force. e. not in the working-age population. 8. Rob is considered unemployed in the Current Population Survey if he a. has looked for a job in the last four weeks but has not found a job. b. has worked at least 1 hour but not more than 15 hours as a paid employee during the last week. c. does not have a job and stopped looking for a job at least two months ago. d. has a part-time job but would like a full-time job. e. is in his last term of college before he graduates. 9. Jane is a 25 year old, full-time student. She works part time in her school library and is paid $7 an hour. She is considered to be a. unemployed. b. not in labor force. c. in labor force but not working. d. employed. e. not in the working-age population because she is in college. 10. The size of the labor force is a. equal to the size of the population. b. less than the number of employed workers if the number of unemployed workers is small enough. c. less than the number of unemployed workers if the number of employed workers is small enough. d. greater than the number of employed workers as long as there are some unemployed workers. e. equal to the working-age population. 11. In calculating the unemployment rate, part-time workers over the age of 16 are counted as a. employed. b. unemployed. c. not in the labor force. d. employed if they are part-time workers for noneconomic reasons and unemployed if they are involuntary part-time workers. e. not in the working-age population. 12. The unemployment rate equals 100 multiplied by the a. number of people unemployed divided by the labor force. b. number of people unemployed divided by the population. c. number of people unemployed divided by the number of people employed. d. labor force divided by the number of people unemployed. e. number of people unemployed divided by the working-age population. 2

3 13. Suppose the population is 220 million people, the labor force is 150 million people, the number of people employed is 130 million, and the working-age population is 175 million people. What is the unemployment rate? a. 9.0 percent b percent c percent d percent e. 20 percent 14. Suppose the working-age population is 220 million, the labor force is 150 million, and the unemployment rate is 10 percent. The number of unemployed people is a. 15 million. b. 22 million. c. 37 million. d. 7 million. e. 70 million. 15. In January of 2001, the population of the United States was million, the working-age population was million, the total number of people employed and unemployed was million, and the total number of unemployed people was 5.5 million. What is the unemployment rate? a percent b. 8.1 percent c. 2.4 percent d. 3.8 percent e. 4.6 percent 16. Using the table above, the working-age population is a. 155 million. b. 170 million. c. 195 million. d. 250 million. e. 220 million. 3

4 17. Using the table above, the unemployment rate is a percent. b. 6.3 percent. c. 4.2 percent. d. 10 percent. e. 5.8 percent. 18. In the table above, the number of unemployed people is a. 2,000. b. 1,000. c. 1,100. d. 11,000. e. 3, The population of Oceana is 20 million. There are 5 million people under the age of 16. Of those 16 and over, 1 million are in jail, 1 million are in the armed forces, and 1 million are full-time students. One million people have given up looking for work because the economy is in a recession. Two million people are actively looking and 8 million are employed. What is the working-age population? a. 20 million b. 15 million c. 14 million d. 10 million e. 13 million 20. The population of Oceana is 20 million. There are 5 million people under the age of 16. Of those 16 and over, 1 million are in jail, 1 million are in the armed forces, and 1 million are full-time students. One million people have given up looking for work because the economy is in a recession. Two million people are actively looking and 8 million are employed. What is the labor force? a. 20 million b. 15 million c. 14 million d. 10 million e. 13 million 4

5 21. The labor force participation rate is the a. labor force divided by the working-age population, then multiplied by 100. b. number of people employed divided by the labor force, then multiplied by 100. c. labor force divided by the population, then multiplied by 100. d. discouraged workers divided by the labor force, then multiplied by 100. e. number of people employed divided by the population, then multiplied by If the number of employed people is 150 million, the number of unemployed people is 50 million, and the working-age population equals 285 million people, the labor force participation rate is a percent. b. 81 percent. c percent. d. 25 percent. e percent. 23. In January of 2001, the population of the United States was million, the working-age population was million, the total number of people employed was 140, and the total number of people unemployed was 5.0 million. What was the labor force participation rate? a. 78 percent b. 56 percent c. 69 percent d. 90 percent e. 67 percent 24. A discouraged worker is a. a person who is not happy with his or her job. b. someone who works part time but wants full-time work. c. someone who is asked to work overtime everyday. d. someone who does not have a job but has given up looking. e. another name for an unemployed worker. 25. A discouraged worker is a. a worker who is unhappy at his or her job. b. a worker who is looking for a job but can't find one. c. a worker who does not have a job and has not made any efforts to find a job within the previous four weeks. d. a person who only works part time but wants full-time work. e. counted as unemployed in the official labor market statistics. 26. Ted graduated from college six months ago. During his senior year and for three months following graduation, Ted applied for jobs but did not find one. Ted has not applied for any additional jobs over the last three months. Ted is a. unemployed. b. part of the labor force. c. an involuntary part-time worker. d. a discouraged worker. e. Both answers A and B are correct. 5

6 27. Discouraged workers a. would decrease the unemployment rate if they were added to the number of unemployed workers. b. would increase unemployment rate if they were added to the number of unemployed workers. c. are counted as one-half of a worker in the unemployment statistics. d. are counted as unemployed workers when the unemployment rate is calculated. e. are not included in the calculation of the unemployment rate, the labor force, or the working-age population. 28. Discouraged workers are included in the calculation of the i. unemployment rate. ii. labor force participation rate iii. working-age population a. i only. b. ii only. c. i and ii. d. iii only. e. ii and iii. 29. Part-time workers are defined as people who are working a. less than 20 hours per week. b. between 20 and 35 hours per week. c. less than 35 hours per week. d. more than 10 hours per week. e. fewer hours than they would want. 30. After taking maternity level, Barbara has decided to return to her medical practice. She will be working on Mondays, Tuesdays, and Thursdays from 8:00 am to 5:00 pm. Barbara is considered a. a discouraged worker. b. a full-time worker for noneconomic reasons. c. an involuntary part-time worker. d. a part-time worker for noneconomic reasons. e. unemployed because she has decided to no longer work full time. 31. The total number of hours worked by the labor force is measured by a. the employment rate. b. the labor force participation rate. c. aggregate hours. d. the employment hours rate. e. the labor force hours index. 32. Aggregate hours measures the total number of a. hours worked by full-time workers. b. hours worked by part-time workers. c. people employed. d. hours worked by both full-time and part-time employees. e. hours everyone in the labor force could work if they were all fully employed. 6

7 33. The average U.S. unemployment rate during the past 40 years has been about a percent. b percent. c. 5.9 percent. d. 2.9 percent. e percent. 34. In the mid 1970s, the unemployment rate was high because a. oil prices plummeted. b. the war in Vietnam was still going on. c. oil prices increased rapidly. d. people did not look for work hard enough. e. the government increased defense expenditures. 35. A main reason for the low unemployment rate during 1990s was because of a. higher oil prices. b. the government's policy of tightening immigration policies. c. the rapid development of the Internet industry and other new technologies. d. government's more liberal social benefit programs. e. increased defense expenditures by the government. 36. During a recession, the unemployment rate a. is, by definition, above 25 percent. b. is, by definition, above 10 percent. c. usually increases but not necessarily to 10 percent or 25 percent. d. remains constant. e. usually decreases. 37. The highest unemployment rate ever in U.S. history was about a. 3.9 percent in b. 5.9 percent in c. 10 percent in d. 25 percent in e. 52 percent in During the Great Depression, the unemployment rate rose to a maximum of about a. 10 percent. b. 13 percent. c. 25 percent. d. 50 percent. e. 67 percent. 39. The unemployment rates during the last 10 years in Germany, France, and Italy was a. constantly lower than the unemployment rate in the United States and not rising toward the U.S. unemployment rate. b. constantly lower than the unemployment rate in the United States but were rising toward the U.S. unemployment rate. c. more or less constant at 3 percent. d. higher than the U.S. unemployment rate. e. approximately equal to those in the United States, with some years the U.S. unemployment rate being slightly higher and in other years the U.S. unemployment rate was slightly lower. 7

8 40. Recent unemployment rates in a. Germany, France, and Italy are less than the U.S. unemployment rates. b. Germany, France, and Italy are greater than the U.S. unemployment rates. c. the United Kingdom are much greater than the U.S. unemployment rates. d. Canada are less than the U.S. unemployment rates. e. Japan are much larger than those in the United States. 41. After combining the effects of women and men, over the past 40 years in the United States the overall labor force participation rate has a. decreased during most years. b. stayed constant during most years. c. increased during most year. d. decreased until 1988, then stayed constant, and now has increased over the last decade. e. stayed constant until 1992, after which it increased. 42. Over the past 40 years, in the United States the labor force participation rate of men has and of women has. a. increased; increased b. increased; decreased c. decreased; increased d. decreased; decreased e. not changed; decreased 43. Since 1965, the labor force participation rate in the United States a. has remained remarkably stable. b. has generally decrease. c. has generally increased. d. at first rose sharply and then gradually decreased. e. at first gradually decreased and in recent years has risen sharply. 44. In the United States, from 1975 to 2005, the a. percentage of involuntary part-time workers has risen during recessions and fallen during expansions. b. percentage of part-time workers has increased significantly to over 30 percent. c. percentage of part-time workers has had significantly sharper fluctuations during the business cycle than the percentage of involuntary part-time workers. d. percentage of part-time workers has decreased from about 35 percent to 17 percent. e. percentage of part-time workers who are involuntary part-time workers has remained roughly constant at 50 percent. 45. In the United States, beginning in 1975, the percentage of part-time workers who were involuntarily part-time workers a. has steadily decreased. b. has steadily increased. c. at first decreased then generally increased. d. generally increases in recessions and decreases in expansions. e. has remained approximately constant. 46. In the United States, during the 1982 recession, the involuntary part-time rate a. fell to near 30 percent. b. rose to near 30 percent. c. fell to near 18 percent. d. rose to near 18 percent. e. rose to near 65 percent. 8

9 47. Since 1965, the number of people employed in the U.S. economy increased by 100 percent while the aggregate hours worked increased by only 75 percent. What explains this? a. The labor force participation rate has fallen. b. The unemployment rate has, on the average, increased. c. The average hours worked per worker has decreased. d. The working-age population has increased. e. The number of part-time workers has increased and today is about equal to the number of full-time workers. 48. Since 1965, aggregate hours of work in the U.S. economy have a. decreased. b. grown, but less rapidly than the number of workers. c. grown more rapidly than the number of workers. d. remained essentially constant. e. decreased in expansions and grown in recessions. 49. The decline of the average number of hours per worker can be attributed to a. a decrease in the number of average hours worked by full-time workers. b. the number of full-time jobs increasing faster than the number of part-time jobs. c. the increase of employer-required overtime for full-time workers. d. the decrease in the number of workers in the labor force. e. recessions because the average number of hours of work falls drastically during recessions. 50. In the United States, since 1965 average weekly hours of work per person has a. stayed constant at approximately 40 hours per week. b. increased to over 40 hours per week. c. decreased to approximately 34 hours per week. d. initially decreased, but has recently grown to exceed 40 hours per week. e. risen strongly in expansions and fallen strongly in recessions. 51. Job losers are people who a. voluntarily leave their jobs for other jobs. b. are laid off either permanently or temporarily. c. have just completed school and are entering the job market. d. have their full-time hours cut to part-time hours. e. leave the labor market because they believe they will be unable to find a job. 52. People who are laid off from work are called a. job leavers. b. job losers. c. job entrants. d. withdrawals. e. discouraged workers. 53. The biggest source of unemployment is a. job losers. b. job leavers. c. entrants. d. reentrants. e. withdrawals. 9

10 54. People who leave their jobs are called a. job leavers if they left voluntarily. b. job losers. c. job lovers. d. discouraged workers. e. job leavers if they left voluntarily or if they left involuntarily, perhaps by being fired. 55. Job leavers are people who a. are laid off. b. leave a job voluntarily. c. recently left school. d. returned to the workplace after raising children. e. are discouraged workers. 56. Entrants include people who a. are laid off. b. voluntarily leave their jobs. c. recently left school to look for a job. d. left their jobs to have children. e. is fired from a job. 57. Withdrawals are people who a. voluntarily quit a job. b. stop being unemployed by being hired. c. stop being unemployed by being recalled to a previous job. d. decide to stop looking for a job. e. who used to be discouraged workers. 58. Frictional unemployment is the result of a. an economic recession. b. the economic decline of major industries. c. the normal process of jobs being created and destroyed. d. people not getting along (having friction) with their employers. e. changing weather throughout the year. 59. Bill has graduated with his degree in economics. Through Career Services he submitted his resume to several companies and he will visit them during the next two weeks. Bill is considered a. not in the labor force. b. frictionally unemployed. c. structurally unemployed. d. cyclically unemployed. e. employed because he is visiting firms. 60. Mary has decided that the she does not like Iowa and has decided to quit her job as a medical technician and move to Arizona. Mary's unemployment as she searches for a new job is best classified as a. cyclical. b. seasonal. c. structural. d. frictional. e. traveling. 10

11 61. An employee who is fired from his or her job because he or she lacks the skills required to accomplish the task, is part of unemployment. a. frictional b. cyclical c. unskilled d. structural e. withdrawal 62. During 1998, Levi Strauss announced that it would close its U.S. factories and would move its sewing division to Mexico. This corporate move a. increased structural unemployment. b. increased seasonal unemployment. c. increased cyclical unemployment. d. had no impact on unemployment. e. decreased frictional unemployment. 63. After 15 years with Ford Motor Corporation, one summer Cameron loses his job. His boss explained that his position has been downsized after the technological advances in automobile production. Cameron is best considered a. not in the labor force. b. frictionally unemployed. c. structurally unemployed. d. cyclically unemployed. e. seasonally unemployed. 64. Seasonal unemployment includes people who become unemployed from a. the seasonal weather patterns. b. normal changes in the labor force. c. technological changes. d. changes in the business cycle. e. changes in international competition. 65. Mary loves the outdoors, so every summer Mary works as a lifeguard at the YMCA. Once summer ends Mary returns to college as a full-time student. After summer ends Mary is considered a. not in the labor force. b. frictionally unemployed. c. structurally unemployed. d. cyclically unemployed. e. seasonally unemployed. 66. Amy was laid off from her construction job, but Amy is laid off every winter because of the snow. Amy's unemployment is best classified as a. cyclical. b. seasonal. c. structural. d. frictional. e. monthly. 67. The type of unemployment that arises from a decrease in real GDP is called a. frictional unemployment. b. structural unemployment. c. seasonal unemployment. d. cyclical unemployment. e. downturn unemployment. 11

12 68. Cyclical unemployment is a. the total of structural and frictional unemployment. b. always greater than the total of structural and frictional unemployment. c. created by a recession. d. higher when the economy is expanding. e. part of frictional unemployment. 69. Teenage unemployment rates are a. lower than the unemployment rates for older workers because most teenagers are in school. b. lower than the unemployment rates for older workers because most teenagers are less than 16 years old. c. higher than the unemployment rates for older workers because most teenagers work at home for no pay. d. higher than the unemployment rates for older workers because teenagers tend to leave jobs more frequently. e. lower than the unemployment rates for older workers because most teenagers are not in the labor force. 70. At full employment there is no a. unemployment. b. cyclical unemployment. c. seasonal unemployment. d. frictional unemployment. e. structural unemployment. 71. When the economy is at full employment, the a. natural unemployment rate is equal to 0 percent. b. natural unemployment rate equals the unemployment rate. c. natural unemployment rate is equal to 10 percent. d. unemployment rate is equal to 0 percent. e. frictional unemployment rate is equal to 0 percent. 72. Full employment is the level of unemployment that occurs a. when everyone looking for a job has a job. b. when cyclical unemployment is zero. c. when frictional and structural unemployment are zero. d. when frictional, structural, and cyclical unemployment are zero. e. when frictional, structural, seasonal, and cyclical unemployment are zero. 73. Full employment means that a. 100 percent of the labor force have jobs. b. only those who are willing, able and looking for work are unemployed. c. the cyclical unemployment rate is zero. d. the natural unemployment rate is zero. e. the frictional unemployment rate is zero. 74. The natural unemployment rate is the unemployment rate that exists when there is no a. structural unemployment. b. frictional unemployment. c. cyclical unemployment. d. cyclical or structural unemployment. e. seasonal unemployment. 12

13 75. Potential GDP is reached when a. unemployment is zero. b. there is no cyclical unemployment. c. unemployment is above full employment. d. unemployment is below full employment. e. the natural unemployment rate equals zero. 76. When the unemployment rate is greater than the natural unemployment rate, real GDP is a. greater than potential GDP. b. less than potential GDP. c. unrelated to real GDP. d. equal to potential GDP. e. greater than full employment GDP. 77. When the unemployment rate equals the natural unemployment rate, most likely the economy is producing a. on the production possibilities frontier. b. within the production possibilities frontier. c. beyond the production possibilities frontier. d. either on or within the production possibilities frontier. e. either on or beyond the production possibilities frontier. 78. After the passage of the North American Free Trade Agreement, which made it less expensive to import good from Mexico, workers in some industries found their factories being relocated to Mexico to take advantage of lower labor costs. These workers experienced what type of unemployment? a. Cyclical b. Seasonal c. Structural d. Frictional e. Foreign 79. During the Great Depression of the 1930s when the unemployment rate was exceptionally high due to the Great Depression, the government had employment programs, such as the Civilian Conservation Corps, which built campsites and planted trees. These programs were aimed at reducing which type of unemployment? a. Cyclical b. Seasonal c. Structural d. Frictional e. Discouraged 80. Suppose people decide to buy fewer GE stoves. If General Electric reduces the number of its employees to reduce its costs but no other stove company does so, which type of unemployment results? a. Cyclical b. Seasonal c. Structural d. Frictional e. Discouraged 13

14 Macro CH 21 sample questions Answer Section MULTIPLE CHOICE 1. ANS: C PTS: 1 DIF: Level 1: Definition TOP: Current population survey 2. ANS: C PTS: 1 DIF: Level 2: Using definitions TOP: Current population survey 3. ANS: C PTS: 1 DIF: Level 1: Definition TOP: Current population survey Working-age population 4. ANS: B PTS: 1 DIF: Level 2: Using definitions TOP: Current population survey Employed 5. ANS: B PTS: 1 DIF: Level 1: Definition TOP: Current population survey Employed 6. ANS: D PTS: 1 DIF: Level 1: Definition TOP: Current population survey Employed 7. ANS: A PTS: 1 DIF: Level 2: Using definitions TOP: Current population survey Unemployed 8. ANS: A PTS: 1 DIF: Level 2: Using definitions TOP: Current population survey Unemployed 9. ANS: D PTS: 1 DIF: Level 2: Using definitions TOP: Labor force 10. ANS: D PTS: 1 DIF: Level 2: Using definitions TOP: Labor force 11. ANS: A PTS: 1 DIF: Level 2: Using definitions 12. ANS: A PTS: 1 DIF: Level 1: Definition 13. ANS: B PTS: 1 DIF: Level 2: Using definitions 14. ANS: A PTS: 1 DIF: Level 2: Using definitions 15. ANS: D PTS: 1 DIF: Level 2: Using definitions 16. ANS: C PTS: 1 DIF: Level 3: Using models TOP: Working-age population 17. ANS: C PTS: 1 DIF: Level 3: Using models 18. ANS: B PTS: 1 DIF: Level 3: Using models TOP: Unemployment 19. ANS: E PTS: 1 DIF: Level 4: Applying models TOP: Working-age population 20. ANS: D PTS: 1 DIF: Level 4: Applying models TOP: Labor force 21. ANS: A PTS: 1 DIF: Level 1: Definition TOP: Labor force participation rate 22. ANS: A PTS: 1 DIF: Level 2: Using definitions TOP: Labor force participation rate 23. ANS: C PTS: 1 DIF: Level 2: Using definitions TOP: Labor force participation rate 1

15 24. ANS: D PTS: 1 DIF: Level 1: Definition TOP: Discouraged workers 25. ANS: C PTS: 1 DIF: Level 1: Definition TOP: Discouraged workers 26. ANS: D PTS: 1 DIF: Level 2: Using definitions TOP: Discouraged workers 27. ANS: B PTS: 1 DIF: Level 2: Using definitions TOP: Discouraged workers 28. ANS: D PTS: 1 DIF: Level 2: Using definitions TOP: Discouraged workers 29. ANS: C PTS: 1 DIF: Level 1: Definition TOP: Part-time workers 30. ANS: D PTS: 1 DIF: Level 2: Using definitions TOP: Part-time workers 31. ANS: C PTS: 1 DIF: Level 1: Definition TOP: Aggregate hours 32. ANS: D PTS: 1 DIF: Level 1: Definition TOP: Aggregate hours 33. ANS: C PTS: 1 DIF: Level 2: Using definitions 34. ANS: C PTS: 1 DIF: Level 2: Using definitions 35. ANS: C PTS: 1 DIF: Level 2: Using definitions TOP: Recent unemployment rates 36. ANS: C PTS: 1 DIF: Level 2: Using definitions 37. ANS: D PTS: 1 DIF: Level 2: Using definitions TOP: Eye on the U.S. economy The labor market in the Great Depression 38. ANS: C PTS: 1 DIF: Level 2: Using definitions TOP: Eye on the U.S. economy The labor market in the Great Depression 39. ANS: D PTS: 1 DIF: Level 3: Using models TOP: Eye on the global economy Global unemployment rates 40. ANS: B PTS: 1 DIF: Level 3: Using models TOP: Eye on the global economy Global unemployment rates 41. ANS: C PTS: 1 DIF: Level 1: Definition TOP: Labor force participation rate 42. ANS: C PTS: 1 DIF: Level 1: Definition TOP: Labor force participation rate 43. ANS: C PTS: 1 DIF: Level 2: Using definitions TOP: Labor force participation rate 44. ANS: A PTS: 1 DIF: Level 2: Using definitions TOP: Part-time workers 45. ANS: D PTS: 1 DIF: Level 2: Using definitions TOP: Part-time workers 46. ANS: B PTS: 1 DIF: Level 2: Using definitions TOP: Part-time workers 47. ANS: C PTS: 1 DIF: Level 2: Using definitions TOP: Aggregate and average hours 2

16 48. ANS: B PTS: 1 DIF: Level 3: Using models TOP: Aggregate hours 49. ANS: A PTS: 1 DIF: Level 2: Using definitions TOP: Average hours 50. ANS: C PTS: 1 DIF: Level 3: Using models TOP: Average hours 51. ANS: B PTS: 1 DIF: Level 1: Definition TOP: Sources of unemployment Job losers 52. ANS: B PTS: 1 DIF: Level 1: Definition TOP: Sources of unemployment Job losers 53. ANS: A PTS: 1 DIF: Level 2: Using definitions TOP: Sources of unemployment Job losers 54. ANS: A PTS: 1 DIF: Level 1: Definition TOP: Sources of unemployment Job leavers 55. ANS: B PTS: 1 DIF: Level 1: Definition TOP: Sources of unemployment Job leavers 56. ANS: C PTS: 1 DIF: Level 1: Definition TOP: Sources of unemployment Entrants and reentrants 57. ANS: D PTS: 1 DIF: Level 1: Definition TOP: How unemployment ends Withdrawals 58. ANS: C PTS: 1 DIF: Level 2: Using definitions TOP: Types of unemployment Frictional 59. ANS: B PTS: 1 DIF: Level 2: Using definitions TOP: Types of unemployment Frictional 60. ANS: D PTS: 1 DIF: Level 2: Using definitions TOP: Types of unemployment Frictional 61. ANS: D PTS: 1 DIF: Level 1: Definition TOP: Types of unemployment Structural 62. ANS: A PTS: 1 DIF: Level 2: Using definitions TOP: Types of unemployment Structural 63. ANS: C PTS: 1 DIF: Level 2: Using definitions TOP: Types of unemployment Structural 64. ANS: A PTS: 1 DIF: Level 1: Definition TOP: Types of unemployment Seasonal 65. ANS: A PTS: 1 DIF: Level 2: Using definitions TOP: Types of unemployment Seasonal 66. ANS: B PTS: 1 DIF: Level 2: Using definitions TOP: Types of unemployment Seasonal 67. ANS: D PTS: 1 DIF: Level 1: Definition TOP: Types of unemployment Cyclical 68. ANS: C PTS: 1 DIF: Level 1: Definition TOP: Types of unemployment Cyclical 69. ANS: D PTS: 1 DIF: Level 2: Using definitions TOP: Demographics of unemployment 70. ANS: B PTS: 1 DIF: Level 1: Definition TOP: Full employment 71. ANS: B PTS: 1 DIF: Level 1: Definition TOP: Full employment 72. ANS: B PTS: 1 DIF: Level 1: Definition TOP: Full employment 73. ANS: C PTS: 1 DIF: Level 1: Definition TOP: Full employment 3

17 74. ANS: C PTS: 1 DIF: Level 2: Using definitions TOP: Natural unemployment rate 75. ANS: B PTS: 1 DIF: Level 3: Using models TOP: Potential GDP 76. ANS: B PTS: 1 DIF: Level 1: Definition TOP: Potential GDP and real GDP 77. ANS: A PTS: 1 DIF: Level 2: Using definitions OBJ: Integrative TOP: Integrative 78. ANS: C PTS: 1 DIF: Level 4: Applying models OBJ: Integrative TOP: Integrative 79. ANS: A PTS: 1 DIF: Level 4: Applying models OBJ: Integrative TOP: Integrative 80. ANS: D PTS: 1 DIF: Level 4: Applying models OBJ: Integrative TOP: Integrative 4