The sum of which of the following must be equal to the adult population?()
A. employed, unemployed
B. employed, unemployed, labor force
C. employed, unemployed, not in the labor force
D. employed, unemployed, labor force, not in the labor force
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Suppose that a large number of men who used to work or seek work now no longer do either. Other things the same, this makes()
A. the number of people unemployed rise but does not change the labor force.
B. the number of people unemployed rise but makes the labor force fall.
C. both the number of people unemployed and the labor force fall.
D. the number of people unemployed fall but does not change the labor force.
Which of the following is not correct?()
A. Most people who become unemployed will soon find jobs.
B. In an ideal labor market, wages would adjust to ensure that all workers are always fully employed.
C. The unemployment rate occasionally falls to zero.
D. There are always some workers without jobs, even when the overall economy is doing well.
Unemployment that results because the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one is called()
A. the natural rate of unemployment.
B. cyclical unemployment.
C. structural unemployment.
D. frictional unemployment.
Sectoral shifts in demand for output()
A. create structural unemployment.
B. immediately reduce unemployment.
C. increase unemployment due to job search.
D. do not affect demand for labor.
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