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Employed Unemployed Not in the Labor Force 11000 people 2 500 people 3000 people Table 7 1 23 Refer to Table 7 1 The labo Employed Unemployed Not in the Labor Force 11 000 people 2500 people


Employed Unemployed Not in the Labor Force 11,000 people 2,500 people 3,000 people Table 7.1 23. Refer to Table 7.1. The labo Employed Unemployed Not in the Labor Force 11,000 people 2,500 people 3,000 people Table 7.1 23. Refer to Table 7.1. The labor force equals 11,000 b 13,500 C. 16,500 d. none of the above 24. Refer to Table 7.1. The labor-force participation rate is a. 71.43% (.81.8% C. 90.91% d. 136.36% 25. The civilian population consists of those who are: 16 years or older 8. not in an institution (prison or mental hospital) c.not on active duty in the Armed Forces d. all of the above 26. Estimates for the natural rate of unemployment in the United States range from a) 4% to 6%. B. 4% to 10%. c. 4% to 5%. d. 4% to 8%. 27. The natural rate of unemployment is generally thought of as the a. ratio of the frictional unemployment rate to the cyclical unemployment rate. b. sum of structural unemployment and cyclical unemployment, c. sum of frictional unemployment and cyclical unemployment. d. sum of frictional unemployment and structural unemployment. 28. Cyclical unemployment arises because: a. of increases in efficiency wages. b. real output falls beneath potential output. c. of increases in minimum wages. d. of increases in search costs.

Feb 06 2020 View more View Less

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