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Multiple Choice Quiz
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1
Which of these people is officially counted as unemployed?
A)a secretary who took six months off on a maternity leave
B)an aspiring actress who works part-time as a waitress but would prefer to act full-time
C)a maid who got fired from her old job three months ago but will start a new job in a week
D)a student who joined the baby sitters' pool but averages only about four customers a week
2
The Bureau of Labor Statistics defines a person as employed if, during a reference week, that person
A)worked 15 or more hours as an unpaid worker in a business operated by a family member
B)was out of work but was actively looking for work in the previous four weeks
C)was waiting to be recalled to a job from which she was laid off a short time ago
D)none of the above
3
Assume adult males have a 50% share of the work force and their unemployment rate is 5.0%; adult females' share is 40% and their unemployment rate is 6.0%; teenagers' share of the work force is 10% and their unemployment rate is 10.0%. What is the overall unemployment rate?
A)5.2%
B)5.6%
C)5.9%
D)6.1%
4
Which of the following statements is FALSE?
A)the natural rate of unemployment varies over time
B)the average duration of unemployment has not changed much over time
C)improving job mobility of workers and making information about new jobs more available will help to reduce the natural unemployment rate
D)reducing unemployment benefits will help to reduce the duration of unemployment
5
The term unemployment hysteresis refers to the fact that
A)the natural rate of unemployment cannot be reduced through conventional demand management policies
B)laid-off workers reduce their consumption, causing unemployment to increase in other sectors
C)firms are more likely to lay off workers if they know that these workers can get unemployment benefits
D)long periods of high unemployment may actually increase the natural rate of unemployment
6
The Beveridge curve represents the relationship between
A)inflation and unemployment
B)unemployment and job vacancies
C)inflation and output
D)unemployment and output
7
Which of the following constitutes moving out of the unemployment pool
A)being hired into a new job
B)being recalled to a job after a layoff
C)a person stopping his/her job search
D)all of the above
8
The weights used to calculate the overall unemployment rate are
A)the number of people that fall into each specific group
B)the fraction of people that fall into each specific group
C)the fraction of the civilian labor force that fall into each specific group
D)the fraction of unemployed persons that fall into each specific group
9
Frictional unemployment is
A)unemployment that exists when the economy is at full employment
B)unemployment that exists when the economy is below full employment
C)unemployment that exists when the economy is above full employment
D)unemployment caused by the business cycle
10
Which of the following is a determinant of the natural rate of unemployment?
A)organization of the labor market
B)the demographic makeup of the labor force
C)availability of unemployment benefits
D)all of the above





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