Chapter 12 Unemployment and Inflation

| November 9, 2018

41)
Marginally attached workers are discouraged workers who have stopped their job
search for reasons other than the lack of jobs.

42)
Explain what is meant by the terms “labor force,” “unemployment
rate,” and “labor force participation rate.”

43)
Name two types of jobs most likely affected by “seasonal
unemployment.”

12.2 Categories of Unemployment

1)
Unemployment that naturally occurs during the normal workings of an economy as
people change jobs and move across the country is called
A)
natural unemployment.
B)
frictional unemployment.
C)
structural unemployment.
D)
cyclical unemployment.

2)
Hector voluntarily left his job to search for a job in accounting, the field in
which he has his bachelor’s degree. Hector is considered
A)
structurally unemployed.
B)
cyclically unemployed.
C)
frictionally unemployed.
D)
not to be unemployed.

3)
Juanita quit her job to move to Santa Fe to be closer to her family. She is
actively looking for a new job in Santa Fe. Juanita is considered
A)
structurally unemployed.
B)
cyclically unemployed.
C)
frictionally unemployed.
D)
not to be unemployed.

4)
Auto workers laid off from Hot-Rod Autoworks as the result of a recession are
considered
A)
structurally unemployed.
B)
cyclically unemployed.
C)
frictionally unemployed.
D)
seasonally unemployed.

5)
Steel workers laid off from their jobs as the result of a recession are
considered
A)
structurally unemployed.
B)
cyclically unemployed.
C)
frictionally unemployed.
D)
seasonally unemployed.

6)
Customer service representatives who have lost their jobs as a result of call
centers being outsourced to India are an example of
A)
structural unemployment.
B)
cyclical unemployment.
C)
frictional unemployment.
D)
voluntary unemployment.

7)
________ unemployment is most closely associated with periods of falling GDP.
A)
Structural
B)
Cyclical
C)
Frictional
D)
Voluntary

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