Chapter 12 Unemployment and Inflation

| November 9, 2018

37)
What is cyclical unemployment?

38)
What is frictional unemployment?

39)
What is structural unemployment?

40)
Could the advent of the Internet completely eliminate frictional unemployment?

41)
Why is the line between frictional and structural unemployment sometimes hard
to draw?

42)
In what sense is frictional unemployment “good” for the economy?

43)
What is meant by the term “the natural rate of unemployment”?

44)
Why does unemployment not go to zero during booms?

12.3 The Costs of Unemployment

Recall
the Application about the study done about the perceptions and behavior of the
unemployed in Great Britain to answer the following question(s).

1)
Recall the application. Becoming unemployed caused ________ in perceived
well-being for men if those in their peer group were also unemployed.
A)
a larger decrease
B)
a smaller decrease
C)
no change
D)
an large increase

2)
Recall the application. The more unhappy unemployed individuals were,
A)
the more likely they were to remain unemployed.
B)
the more aggressive they would be to try to find a job.
C)
the more they congregated around others who were unemployed.
D)
the longer they collected unemployment benefits.

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