|Name||Which of the following statements illustrates structural unemployment|
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Structural unemployment refers to a mismatch between the jobs available and the skill levels of the unemployed. Unlike cyclical unemployment, it’s caused by forces other than the business cycle. It occurs when an underlying shift in the economy makes it difficult for some groups to find jobs. Sample Test -- Answers are at the end of the test . Multiple Choice. Identify the choice that best completes the statement or answers the question. ____ 1. Which of the following illustrates the law of demand? a. Jorge buys fewer pencils at $2 per pencil than at $1 per pencil, ceteris paribus. b. Chen A) an increase in the unemployment rate to 3.4% B) a decrease in the unemployment rate to 3.0% C) a decrease in the demand for labor in the economy D) a return to the original inflation rate of 1.3% 3. If the Phillips curve represents a "structural relationship," then A) the trade-off between unemployment and inflation is permanent. 29. Harold, a dot-com entrepreneur, made the following statement in a meeting with his key managers: 'We need to focus our attention on determining what our customers want, where they want it, and when they want it.' Based on this statement, Harold is most likely trying to build A. a rapidly growing dot-com company. 3. a moderate level of unemployment in the economy. 4. moderate inflation and all of the above. In an AD/AS diagram, an increase in structural unemployment will: A. shift AS to the right. B. have no effect on AS or AD. C. shift AS to the left. Which of the following statements about markets is not true. An increase in the marginal propensity to save E. An indeterminate change in the consumption possibilities frontier Which type(s) of unemployment exist in an economy at full employment? A. Frictional B. Structural C. Cyclical D. Frictional and structural E. Frictional and cyclical Suppose the Irish economy is at full employment.
Frictional and structural unemployment are two different types of unemployment that occur in an economy. Frictional unemployment is not a direct result of economic factors and occurs when workers
Which of the following statements about structural unemployment is true? a Structural unemployment is unhealthy for the long-run growth of an economy. b Structural unemployment is not a burden on household incomes. c Structural unemployment can be eliminated through government intervention. d Structural unemployment is equal to zero when the Which of the following illustrates the difficulty of distinguishing between frictional, structural, and cyclical unemployment? structural unemployment, or cyclical unemployment. Need essay sample on "Chapter 9 Quiz"? We will write a custom essay sample specifically for you for only $ 13.90/page. View Chap. 21.2.pdf from ECON 1010 at York University. 21.2 Unemployment and Full Employment 21.2 Key Term Quiz (static) Which of the following statements illustrates frictional unemployment? (E) A. Structural Unemployment Definition: Structural unemployment is a longer-lasting form of unemployment caused by fundamental shifts in an economy and exacerbated by extraneous factors such as technology, competition, and government policy. Structural unemployment occurs because workers’ lack the requisite job skills or workers live too far from regions where jobs are available and cannot move
Finally, we have illustrated unemployment before using the AS-AD model. during these decades that resulted in more frictional and structural unemployment.
Chapter 1 What is Economics? Test bank MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1)An incentive A)is the opposite of a tradeoff. B)could be a reward but could not be a penalty. C)could be either a reward or a penalty. D)could be a penalty but could not be a reward. 1) Which of the following conditions does NOT describe a firm in a monopolistically competitive market? a. It sells a product different from its competitors. It is an imperfect market structure in which many firms sell products that are differentiated from one another. arrow_back. Classify each of the following statements as positive or D) the Illinois bonus program for unemployment insurance claimants who found jobs quickly. 5. All of the following are causes of structural unemployment except: A) minimum-wage laws. B) the monopoly power of unions. C) unemployment insurance. D) efficiency wages. 6. All of the following statements about minimum-wage workers in the United States are In each of the following examples, identify whether the individual is experiencing cyclical unemployment, frictional unemployment, structural unemployment, or no unemployment. Eduardo has recently moved to a new city with his wife who was offered a great job there. He is trying to find a position in the same industry he worked in before relocating. Refer to Exhibit 8-4. Assume the economy is self-regulating and currently is in long-run equilibrium with the price level equal to P 3.If, as the result of a shocking act of war by terrorists who profane the name of God by their beliefs and actions, American consumers negatively change their expectations, then the price level and the level of Real GDP , in the short run, is likely to be