Question :
18) Which of the following cause the unemployment rate as : 1388316
18) Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessness?
A) inflation
B) discouraged workers
C) people employed in the underground economy
D) unemployed persons falsely report themselves to be actively looking for a job
19) Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to overstate the true extent of joblessness?
A) inflation
B) discouraged workers
C) counting people as employed who are working part time, although they would prefer to be working full time
D) unemployed persons falsely report themselves to be actively looking for a job
20) Which of the following explains the changes in the U.S. adult male labor force participation rate since 1948?
A) More men are joining the military as compared to the past.
B) More men are retiring later in life as compared to the past.
C) Fewer men consider themselves discouraged workers as compared to the past.
D) Younger men are remaining in school longer as compared to the past.
21) After the recession of 2007-2009, the unemployment rate peaked at 10.0 percent in October 2009. Eighteen months later, it had
A) dropped by 50 percent.
B) declined by only 1 percentage point.
C) remained at 10.1 percent.
D) fallen to the natural rate of unemployment.
22) The average period of unemployment was ________ following the 2007-2009 recession as following any other recession since the end of World War II.
A) three times as low
B) approximately the same
C) twice as high
D) eight times as high
23) Since 1948, the labor force participation rate for adult men has ________ and for adult women has ________.
A) increased; increased
B) increased; decreased
C) decreased; increased
D) decreased; decreased
24) Using a broader measure of the unemployment rate where discouraged workers and part-time workers who wished to work full time were counted as unemployed, the BLS estimates the unemployment rate in September 2011 would have ________ compared to the measured unemployment rate.
A) increased by more than 7 percentage points
B) more than doubled
C) decreased by less than 1 percentage point
D) barely changed
25) In the modern U.S. economy, the typical unemployed person stays unemployed for
A) a relatively long time, over a year.
B) a relatively short time, less than six months.
C) a long time during expansions and a short time during recessions.
D) an amount of time that is hard to quantify.
26) An advantage of the establishment survey over the household survey of the labor market is that the establishment survey
A) is based on actual payrolls, rather than on unverified answers.
B) includes the number of self-employed persons.
C) includes persons employed at newly opened firms.
D) provides an estimate of the number of persons unemployed.
27) An advantage of the household survey over the establishment survey of the labor market is that the household survey
A) is based on actual payrolls, rather than on unverified answers.
B) includes the number of self-employed persons.
C) includes the number of discouraged workers.
D) omits persons employed at newly opened firms.
