Concerns about high unemployment
A. are not justified since most people find new employment in less than 3 months
B. are irrational since the government routinely provides unemployment benefits for more than one year
C. arise from its high costs in terms of lost output
D. stem from the fact that the costs of unemployment tend to be unevenly distributed
E. both C) and D)
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Based on what we know about the unemployment rates of adult males and females over the last five decades, which of the following is true?
A. the female unemployment rate was consistently higher than the male rate
B. the male unemployment rate was consistently higher than the female rate
C. after 1980, males experienced much more drastic changes in unemployment than females
D. the unemployment rate for males never exceeded 10 percent
E. none of the above
An employed person is defined as a person who during a reference week
A. had a job but was not working due to family or personal reasons
B. had a job but was not working due to maternity or paternity leave
C. did at least one hour of work as a paid employee
D. all of the above
E. none of the above
Which of the following people is in the unemployment pool?
A. Chris, who quit her job to look for other employment
B. Jack, who has been temporarily laid off by his employer, but who expects to be called back after one or two months
C. Lesley, who lost her job because her firm had to shut down
D. all of the above
E. only A) and C)
Which of the following people has moved out of the pool of unemployment?
A. Peter, who just got hired as a part-time security guard
B. Paul, who was laid off two months ago but just got a recall notice to resume his job at the assembly line starting the week after next
C. Mary, who has given up looking for a job, leaving the work force permanently
D. all of the above
E. both Peter and Mary
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