An example of structural unemployment caused by a change in tastes and preferenc
ID: 1091392 • Letter: A
Question
An example of structural unemployment caused by a change in tastes and preferences is
A) newspaper journalists
B) administrative assistants
C) lifeguards
D) steelworkers during recessions
E) None of the answers is correct
15.
Which of the following is not an effect of hyperinflation?
A) Price differences among sellers of the same product become smaller.
B) People hold on to currency only for very short periods of time.
C) People tend to exchange the currency that is subject to high inflation for a more stable currency.
D) Resources are wasted by constant attention to inflation's effects.
E) Inflation-induced activity that is rational for individuals often has detrimental effects on the economy as a whole.
16.
Structural unemployment refers to unemployment that results from
A) inefficiencies in the market for labor that prolong the job search
B) being in the wrong geographical location
C) taking the time to find the best job
D) seasonal decreases in demand for labor
E) a recession in the economy
17.
The unemployment rate for blacks in the United States is higher than that for whites.
A) True
B) False
18.
Which of the following is true about inflation?
A) Inflation promotes social harmony by uniting people against the government.
B) Inflation is more damaging if it is unanticipated.
C) Accurate anticipation of inflation is possible for everyone who is well informed about economic events.
D) Those who lend money at a rate above the rate of inflation suffer economic losses.
E) If people accurately anticipate inflation, their actions will prevent it.
19.
Suppose the price levels in four successive years are 100, 120, 133, and 140. Which of the following is true?
A) The economy is experiencing hyperinflation.
B) The economy is experiencing deflation.
C) The economy is experiencing inflation.
D) The economy is experiencing increasing inflation.
E) The economy is experiencing reflation.
20.
If the inflation rate is higher than expected, which of the following groups in society would be most likely to gain?
A) borrowers
B) lenders
C) persons holding large amounts of money
D) persons on fixed incomes
E) workers under contract without a cost of living adjustment
21.
Anticipated inflation distorts markets more than does unanticipated inflation.
A) True
B) False
22.
A discouraged worker is one who
A) is underqualified for his current job
B) dislikes his current job but is afraid to quit
C) drops out of the labor force because he cannot find a job
D) quits his job because the possibility of advancement was very low
E) is overqualified for his current job
23.
Unanticipated inflation generally hurts borrowers and benefits lenders.
A) True
B) False
24.
Relative prices describe the terms at which individual goods are exchanged for one another.
A) True
B) False
25.
Which of the following is not considered a cost of unemployment?
A) loss of self-respect by those who are unemployed
B) waste of the economy's resources
C) negative psychological effects on those who have lost their jobs
D) higher inflation rates
E) loss of income by those who are unemployed
Explanation / Answer
14 A.newspaper journalists
15. B.People hold on to currency for long periods of time
16.
17.(b) B) False
18.(D) Those who lend money at a rate below the rate of inflation suffer economic losses.
19. (C) The economy is experiencing inflation.
20 (A). borrowers
21.B) False
22. B) dislikes his current job but is afraid to quit
23. A) True
24.B) False
25.D) higher inflation rates
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