Which of the following individuals is classified as unemployed?
A fifteen-year-old high school student who is looking for a babysitting job
A laid-off computer programmer who has given up looking for a new job
A parent who works in an after-school day care center for 15 hours a week
A recent college graduate who is looking for her first job
A mayor who lost an election and retired
An increase in the labour force participation rate will
Increase investment and decrease savings
increase savings and decrease investment
have no effect on unemployment
make it easier to reduce unemployment
make it more difficult to reduce unemployment
The unemployment rate measures the percentage of
people in the labour force who do not have jobs
people in the labour force who have a part-time job but are looking for a full-time job
people who do not have jobs and have given up looking for work
people in the adult population who do not have jobs
people in the adult population who have temporary jobs
Which of the following would cause the oficial unemployment rate to understate the problem of unemployment?
Workers receiving unemployment compensation
Cyclically unemployed workers
Discouraged workers
Recent college graduates looking for work
Retirees
The table on the left gives population and labour-market data for an economy. The unemployment rate in this economy is
3.3%
5%
10%
33.3%
50%
The table shows labour market statistics for a nation.
4%
5%
6%
9%
66.7%
Which of the following unemployed individuals represents frictional unemployment?
Marissa, a full-time student who plays on the school's soccer team.
Janet, an accounting graduate who is interviewing with a number of accounting firms.
Sameer, a retired faculty member who voluteers at the local hospital.
Jeremy, a customer service representative who was laid-off after his job was automated
Elizabeth, a financial analyst who was laid-off beacuse of the recession
Which of the following best describes an economy at full employment?
The rate of unemployment is zero
There is only structural and cyclical unemployment
There is only cyclical unemployment
There is cyclical, but not cyclical, unemployment
There is frictional, but not cyclical, unemployment
Olivia volunteers full time at an animal shelter and will not accept any offers for a paid job for the next six months. Olivia is
cyclically unemployed
not in the labour force
employed
structurally unemployed
a seasonal worker
Which of the following types of unemployment is caused by a recession?
Hidden
Frictional
Seasonal
Structural
Cyclical
Ying has just graduated from college and is now interviewing for jobs. Ying would best be described as
cyclically unemployed
frictionally unemployed
structurally unemployed
not in the labour force
a discouraged worker