Question : 41) A man fired from his job because he was : 1381095

41) A man is fired from his job because he was late for work too many times. While he is searching for another job he would be classified as

A) not in the labor force because his employer had a legitimate reason for firing him.

B) structurally unemployed.

C) cyclically unemployed.

D) frictionally unemployed.

42) When the Fed slows the rate of growth of the money supply to slow down the economy, the unemployment type that will be directly affected is the

A) frictional unemployment.

B) structural unemployment.

C) cyclical unemployment.

D) natural rate of unemployment.

43) When an individual is not working and is not looking for a job because he/she lacks any marketable job skills, he/she is

A) structurally unemployed.

B) frictionally unemployed.

C) cyclically unemployed.

D) none of the above

44) Structural unemployment is the

A) portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries.

B) unemployment that occurs during recessions and depressions.

C) portion of unemployment that is due to the normal working of the labor market.

D) unemployment that results when people become discouraged about their chances of finding a job so they stop looking for work.

45) An auto worker in Ohio who loses her job because the company relocated the plant to another country represents an example of

A) frictional unemployment.

B) structural unemployment.

C) cyclical unemployment.

D) seasonal unemployment.

46) A textile firm closes a plant in Massachusetts and transfers production to a plant in South Carolina, where the firm can take advantage of cheaper labor. The plant supervisor at the Massachusetts plant is given the opportunity to move to South Carolina to become the plant supervisor at that plant. He turns down this opportunity because of family obligations. While he is searching for a new job he would be classified as

A) structurally unemployed.

B) cyclically unemployed.

C) frictionally unemployed.

D) not in the labor force because he turned down the opportunity to relocate.

47) An individual who cannot find a job because his or her job skills have become obsolete is an example of

A) frictional unemployment.

B) structural unemployment.

C) cyclical unemployment.

D) seasonal unemployment.

48) The natural rate of unemployment is generally thought of as the

A) ratio of the frictional unemployment rate to the cyclical unemployment rate.

B) sum of structural unemployment and cyclical unemployment.

C) sum of frictional unemployment and cyclical unemployment.

D) sum of frictional unemployment and structural unemployment.

49) The sum of frictional and structural unemployment is thought of as the

A) natural rate of unemployment.

B) normal rate of unemployment.

C) cyclical rate of unemployment.

D) seasonal rate of unemployment.

50) Estimates for the natural rate of unemployment in the United States range from

A) 4% to 6%.

B) 2% to 10%.

C) 1% to 5%.

D) 3% to 8%.