Job search engines, such as Indeed and Monster.com, have enabled workers and companies to find each other more quickly and to make better matches with substantially lower costs. The result is O a) higher structural unemployment. O b) lower frictional unemployment. Oc) higher frictional unemployment. Od) lower structural unemployment. e) lower cyclical unemployment.
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- Is it desirable to eliminate natural unemployment? Why or why not? Hint: Think about what our economy would look like today and what assumptions would have to be met to have a zero rate of natural unemployment.Unemployment that occurs from fundamental technological changes in the production, or from the substitution of new goods for traditional ones, is known as: structural unemployment. O frictional unemployment. O underemployment. O cyclical unemployment.Question 29 Which of the following two types of unemployment occur even when the economy is healthy and growing? O a) cyclical and frictional O b) structural and cyclical Oc) frictional and practical d) frictional and structural O e) structural and practical
- Which one of the following is least like the others? Select one: O a. frictional unemployment O b. seasonal unemployment O c. cyclical unemployment O d. discouraged worker unemploymentJanae was fired from her job with Microsoft in the 2008-09 recession because Microsoft's sales dipped. Janae's unemployment would be best classified as O cyclical unemployment. O frictional unemployment. natural unemployment. O sales-related unemployment. structural unemployment.Explain whether each of the following changes in the composition of the labor force is likely toaffect frictional or structural unemployment and increase or decrease the measured natural rate ofunemployment.(a) A “baby boom” causes an increase in the share of young workers (age 16–24) as a percentageof the labor force. (b) A loosening of federal restrictions on eligibility for disability benefits leads to an increase inthe number of people receiving disability payments
- Ceteris paribus, which of the following would be the most likely to contribute to a substantial decrease in cyclical unemployment? O a. a decrease in the minimum wage O b. a decrease in real GDP Ос. an increase in the minimum wage O d. an increase in real GDP Finish attemptRegarding the categories of unemployment, which statement best describes how the effect of sectoral changes compares to the effect of firms paying higher-than-equilibrium wages? Select one: Oa. Sectoral changes create frictional unemployment, while firms paying wages above equilibrium create structural unemployment. O b. Sectoral changes and firms paying wages above equilibrium both create frictional unemployment. O c. Sectoral changes and firms paying wages above equilibrium both create structural unemployment. O d. Sectoral changes create structural unemployment, while firms paying wages above equilibrium create frictional unemployment. Clear my choiceAn auto worker in Ohio who loses her job because the company relocated the plant to another country represents an example of O frictional unemployment. structural unemployment. O seasonal unemployment. O cyclical unemployment.
- Full employment means which of the following is zero: O frictional unemployment O cyclical unemployment natural unemployment structural unemploymentQUESTION 29 The type of unemployment that fluctuates with the 'ups and downs' of the economy is called O a. Equilibrium unemployment. O b. Structural unemployment. O c. Cyclical unemployment. O d. Frictional unemployment.QUESTION 20 Which of the following is correct? O Cyclical unemployment is caused by an increase in either structural unemployment or frictional unemployment. O If there is a decrease in the minimum wage, than frictional unemployment would decrease. O Extensions in unemployment insurance benefits would increase frictional unemployment because it reduces the job search efforts of the unemployed. A sectoral shift affects structural unemployment because the change in the composition of labor displace some workers who must then take time to search for a job to match their skills. 1 demand across certain industries or regions will