A) Men have lower rates of labor-force participation and similar unemployment rates compared to women.
B) Men have lower rates of labor-force participation and higher rates of unemployment than do women.
C) Women have lower rates of labor-force participation and higher rates of unemployment compared to those of men.
D) Women have lower rates of labor-force participation and similar unemployment rates compared to those of men.
F) A) and B)
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A) frictional unemployment.
B) structural unemployment.
C) both frictional and structural unemployment.
D) neither frictional unemployment nor structural unemployment.
F) All of the above
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A) unions but not efficiency wages.
B) efficiency wages, but not unions.
C) neither efficiency wages nor unions.
D) both efficiency wages and unions.
F) B) and C)
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A) Bob and Tom are both frictionally unemployed.
B) Bob and Tom are both structurally unemployed.
C) Bob is frictionally unemployed, and Tom is structurally unemployed.
D) Bob is structurally unemployed, and Tom is frictionally unemployed.
F) None of the above
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A) Blacks have higher rates of labor-force participation and lower unemployment rates than those of whites.
B) Blacks have higher rates of labor-force participation and higher unemployment rates than those of whites.
C) Blacks have similar rates of labor-force participation and lower unemployment rates than those of whites.
D) Blacks have similar rates of labor-force participation and higher unemployment rates than those of whites.
F) A) and C)
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Even generally favorable changes will us...View Answer
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A) total adult population that is in the labor force.
B) total adult population that is employed.
C) labor force that is employed.
D) labor force that is either employed or unemployed.
F) A) and C)
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A) Jay develops a new assembly line technology that limits the amount of shirking workers may do, so he reduces what he pays his employees so as to make it closer to the equilibrium wage.
B) Kay pays her workers less than the equilibrium wage so they won't have the time or money to look for work somewhere else.
C) Ray pays his workers in a developing country more than the going wage hoping that they will get a better diet and so be more productive.
D) All of the above are not consistent with the logic of efficiency wage theory.
F) C) and D)
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A) from unemployment insurance claims.
B) through a regular survey of about 60,000 households.
C) through a regular survey of about 200,000 firms.
D) Unemployment data is collected using all of the above.
F) All of the above
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A) long, and most unemployment observed at any given time is long term.
B) long, but most unemployment observed at any given time is short term.
C) short, but most unemployment observed at any given time is long term.
D) short, and most unemployment observed at any given time is short term.
F) A) and B)
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A) Mary, who is waiting for her new job to start
B) Karen, who worked only 35 hours last week
C) Shasta, who neither has a job nor is looking for one
D) None of the above would be counted as unemployed.
F) B) and D)
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A) Both the first and the second fact tend to make the reported unemployment rate lower than the actual unemployment rate.
B) Both the first and the second fact tend to make the reported unemployment rate higher than the actual unemployment rate.
C) The first fact tends to make the reported unemployment rate higher than the actual unemployment rate.The second fact tends to make the reported unemployment rate lower than the actual rate.
D) The first fact tends to make the reported unemployment rate lower than the actual unemployment rate.The second fact tends to make the reported unemployment rate higher than the actual rate.
F) A) and B)
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A) the relation between the probability of unemployment and a worker's changing level of experience.
B) how often a worker is likely to be employed during her lifetime.
C) year-to-year fluctuations of unemployment around its natural rate.
D) long-term trends in unemployment.
F) C) and D)
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A) 7.40%
B) 33.33%
C) 37.03%
D) 66.67%
F) B) and C)
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A) creates frictional unemployment.Efficiency wages create structural unemployment.
B) creates structural unemployment.Efficiency wages create frictional unemployment.
C) and efficiency wages both create structural unemployment.
D) and efficiency wages both create frictional unemployment.
F) C) and D)
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The text offers two explanations for the...View Answer
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A) rise by 40.
B) rise by 20.
C) fall by 20.
D) fall by 40.
F) B) and C)
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A) George, a full-time student who is not looking for work
B) Jenna, who is on temporary layoff
C) Larry, who has retired and is not looking for work
D) All of the above would be counted as unemployed.
F) A) and C)
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A) Sally, who is on temporary layoff
B) Sue, who has retired and is not looking for work
C) Kylie, who does not have a job, but has applied for several in the last week
D) None of the above is included in the labor force.
F) None of the above
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A) Frictional unemployment is inevitable in a dynamic economy.
B) Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards.
C) At least 10 percent of U.S.manufacturing jobs are destroyed every year.
D) In a typical month more than 9 percent of workers leave their jobs.
F) All of the above
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