Mac07L2

  • 1

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    From 1960 to 1998, the labor force participation rate of women in the United States _______ at a ___________rate than the labor force participation rate of men __________.

    increased; slower; decreased
    increased; faster; increased
    decreased; faster; decreased
    increased; faster; decreased

  • 2

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    During a recession, the _________________________.

    unemployment rate decreases
    number of discouraged workers decreases
    number of aggregate hours worked increases
    employment-to-population ratio decreases

  • 3

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    People enter the labor force _____________________.

    as entrants or reentrants
    when their unemployment benefits run out
    by being hired or recalled
    when they switch from being unemployed to being employed

  • 4

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    Suppose that the number of jobs in the fishing industry decreases but the number of jobs in the travel industry increases. Initially, ________________________.

    the economy remains at full employment
    there is a shortage of workers in both sectors
    cyclical unemployment increases
    structural unemployment increases

  • 5

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    Cyclical unemployment __________________________.

    grows at the same rate as potential GDP
    is zero at a business-cycle trough
    decreases during a recession
    increases during a recession

  • 6

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    Between 1960 and 1998, average hours per worker in the United States ___________.

    decreased
    increased
    did not change
    hovered at almost 30 hours per week

  • 7

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    The wages of private manufacturing nonsupervisory workers _______________.

    increase at a rate similar to the inflation rate
    includes fringe benefits such as pension contributions
    have followed a 15-year downward trend
    have increased steadily since 1960

  • 8

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    Full-time students are ____________________.

    counted as unemployed
    not in the labor force
    in the labor force
    counted as discouraged workers

  • 9

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    The _________ fluctuates more than does the _________.

    labor force participation rate; employment-to-population ratio
    labor force participation rate; unemployment rate
    employment-to-population ratio; labor force participation rate
    employment-to-population ratio; unemployment rate

  • 10

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    Aggregate hours _________________.

    decrease during a recession
    decrease during an expansion
    have decreased since 1960
    increase during a recession

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