Unemployment Answers

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1
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Please select the word from the list that best fits the definition

A
chronic inflation
B
deflation
C
frictional unemployment
D
wage-price spiral
E
poverty threshold
F
block grant
G
quantity theory
H
creeping inflation
I
purchasing power
J
market basket
2
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What is the difference between seasonal unemployment and structural unemployment?

A
Seasonal unemployment occurs because of schedules, whereas structural occurs because people lack skills.
B
Seasonal unemployment is rare in a modern society, whereas structural is not.
C
Seasonal unemployment occurs only in the summer, whereas structural can occur all year round.
D
Seasonal unemployment is generally among low-paid workers, whereas structural is among the highly paid.
4

Which unemployment occurs when people take time to find a job?

A
cyclical unemployment
B
frictional unemployment
C
structural unemployment
D
seasonal unemployment
5

When Alison, a college math professor, leaves her job at a small rural college and starts looking for a job at large urban university, she is

A
frictionally unemployed.
B
structurally unemployed.
C
cyclically unemployed.
D
a discouraged worker.
6

Which of the following is a result of unemployment that is very low?

A
The few people who are unemployed stop looking for jobs.
B
Wages drop below the level of minimum wage.
C
Companies have difficulties recruiting workers.
D
Companies stop looking for people to fill unfilled jobs.
9

Level of employment reached when there is no cyclical unemployment.

A
seasonal employment
B
full employment
C
frictional employment
D
structural employment
10

Unemployment that occurs when worker’s skills do not match the jobs that are available.

A
seasonal unemployment
B
structural unemployment
C
cyclical unemployment
D
frictional unemployment
11

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12

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