uestion

Which of the following is true about workers who experience structural unemployment?

A.	They quickly accept a much lower salary in a different industry.
B.	They become unemployed due to the business cycle fluctuations
C.	They sometimes enter the pool of discouraged workers.
D.	They tend to quit their job search very easily.
E.	They usually have the necessary skills to maintain their level of income in another industry

1 points QUESTION 15

Which of the following statements about frictional unemployment is true?A.It can be eliminated only in a free societyB.It is a long-term unemployment.C.It does not exist in developed economies.D.It is also called structural unemployment.E.It arises when people choose to change jobs.

1 points QUESTION 16

Which of the following is true of seasonal unemployment?A.It is not included in calculating the natural rate of unemployment. B.It is reflected in the GDP gap.C.It is always present, even in a healthy economy.D.It causes the natural rate of unemployment to rise.E.It inflates potential GDP.

1 points QUESTION 17

Which of the following would tend to increase the natural unemployment rate?A.The creation of national unemployment offices to increase the information about job B.Recessionary downturns in the economy that result in massive layoffs of auto workersC.Sociological changes that encourage people to seek employmentD.The creation of government subsidies for workers who relocate into areas where new jobs can be foundE.Less government money made available as unemployment compensation

1 points QUESTION 18

The inflation rate is a:A.percentage decrease in price level.B.percentage increase in price level.C.sustained increase in relative pricesD.sustained decrease in relative prices.E.sudden increase in the weighted average of all prices

1 points QUESTION 19

During the off season, a fruit picker did not work, so he should be considered:A.cyclically unemployed.B.frictionally unemployed.C.structurally unemployed.D.seasonally unemployed.E.naturally unemployed.

1 points QUESTION 20

Which of the following is the closest example of structural unemployment?A.An accountant quitting her job to become an investment bankerB.An auto worker being fired for poor job performanceC.Workers in a firm manufacturing films for roll film cameras losing jobs due to the popularity of digital camerasD.A consultant being laid off because poor economic conditions have depressed the market for consultantsE.A college graduate seeking his/her first job in the IT industry

1 points QUESTION 21

A worker who loses his or her job as a consequence of a decline in aggregate demand in the economy is experiencing:A.disguised unemployment.B.underemployment.C.cyclical unemployment.D.frictional unemployment.E.seasonal unemployment.

1 points QUESTION 22

If prices rise within a country, then, other things equal, the value of a unit of domestic currency will:
A.rise in both the domestic and the foreign exchange markets.B.fall in both the domestic and the foreign exchange markets.C.rise in the domestic market and fall in the foreign exchange market.D.fall in the domestic market and rise in the foreign exchange market.E.fluctuate unpredictably in both domestic and foreign exchange markets.

1 points QUESTION 23

When the U.S. dollar depreciates against other currencies:
A.foreign goods become less expensive to U.S. buyers.B.U.S. goods become more expensive to foreign buyers.C.foreign currencies depreciate against the U.S. dollar.D.the volume of U.S. imports decline.E.the volume of U.S. exports decline.

1 points QUESTION 24

If both real GDP and nominal GDP of a country increased at the same rate in a particular year, which of the following is most likely to have taken place?
A.Output increased and the price level increasedB.Output increased and the price level decreasedC.Output decreased and the price level increasedD.Output decreased and the price level decreasedE.Output increased and the price level remained constant

1 points QUESTION 25

Consider a small country producing only two commodities (coffee beans and corn). Following are the price and output of these two commodities in the year 2008:Price Quantity$12500 lbs. of coffee beans$6600 bushels of cornAssuming the price level in the economy remains same while the output of both these products increase by 10 percent in 2009, calculate the value of real GDP in this country for the year 2009?
A.$9,600B.$10,560C.$1,056D.$6,900E.$10, 960