The spell of unemployment is
A. defined as the period during which a person remains continuously unemployed
B. defined as the average length of time a person remains unemployed
C. defined as the time it takes for the economy to reduce unemployment to its natural rate
D. the same as the average duration of unemployment
E. the average number of times a worker is laid off within a year
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The duration of unemployment depends on
A. how organized the labor market is in matching potential workers with jobs
B. the age, sex, and racial mix of the labor force
C. the ability and desire of those who are unemployed to hold out for a better job
D. the availability of jobs that match workers' skills
E. all of the above
Which of the following statements is FALSE?
A. there is a high turnover rate in the labor market
B. a significant amount of the turnover rate in the labor market is cyclical
C. there are large variations in unemployment rates across groups defined by age, race, and sex
D. over 50 percent of the workers who became unemployed in 2009 remained unemployed for more than half a year
E. many workers who are counted as unemployed will be (or have been) unemployed for several weeks
If we look at U.S. unemployment by duration we can see that in 2009
A. more than half of the unemployed stayed unemployed for more than half a year
B. less than 20 percent of the unemployed were unemployed for more than half a year
C. the mean duration of unemployment was less than 12 weeks
D. the mean duration of unemployment was more than 24 weeks
E. none of the above
Which of the following does NOT affect the duration of unemployment?
A. the availability of unemployment benefits
B. the rate at which new workers enter the work force
C. the demographic make-up of the labor force
D. the organization of the labor market
E. none of the above
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