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)
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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
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
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
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