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During the great recession of the 2008, many laborers found great difficulty finding work. They were classified as:
Group of answer choices
Frictionally unemployed
Discouraged worker
Structurally unemployed
Employed
Cyclically unemployed
 
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Question 2
1 pts
Working as an elevator operator used to be a common job in the workforce four decades ago, but today few jobs remain. The unemployment created by the introduction of automatic elevators would be considered as:
Group of answer choices
Cyclically unemployed
Structurally unemployed
Discouraged worker
Employed
Frictionally unemployed
 
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Question 3
1 pts
Joe lost his job a year ago. He would take a job if one became available, but he hasn’t looked for a job in the past 3 months. Joe’s classification is:
Group of answer choices
Employed
Discouraged worker
Structurally unemployed
Cyclically unemployed
Frictionally unemployed
 
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Question 4
1 pts
A 22 year-old college graduate who wants to work full-time, but was unable to find a full-time job, and accepts a part-time job. He is classified as:
Group of answer choices
Structurally unemployed
Frictionally unemployed
Discouraged worker
Employed
Cyclically unemployed
 
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Question 5
1 pts
Sebastien is working on his Dad’s farm four hours a day without any pay while looking for a job. He is classified as:
Group of answer choices
Frictionally unemployed
Cyclically unemployed
Employed
Structurally unemployed
Discouraged worker
 
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Question 6
1 pts
The data of a hypothetical country is given as: total population, 600; population under 16 years of age 50; institutionalized 50; not in labor force, 150; unemployed, 21; part-time workers looking for full-time jobs, 40. The size working-age population is:
Group of answer choices
500
450
550
600
 
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Question 7
1 pts
 The data of a hypothetical country is given as: total population, 600; population under 16 years of age 50; institutionalized 50; not in labor force, 150; unemployed, 21; part-time workers looking for full-time jobs, 40. Labor force participation rate is:
Group of answer choices
75%
70%
82%
90%
 
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Question 8
1 pts
The data of a hypothetical country is given as: total population, 600; population under 16 years of age 50; institutionalized 50; not in labor force, 150; unemployed, 21; part-time workers looking for full-time jobs, 40. The official unemployment rate is:
Group of answer choices
15%
9%
6%
12%
 
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Question 9
1 pts
If the Consumer Price Index was 100 in one year and 105 in the next year, then the rate of inflation from one year to the next was:
Group of answer choices
6.0%
10.0%
5.0%
4.8%
 
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Question 10
1 pts
Increase in the purchasing power or decrease in price level is known as:
Group of answer choices
Hyperinflation
Deflation
Disinflation
Cost-push inflation
 
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