21. Cyclical unemployment is a result of a. b. c. d. e. An inadequate matching o

Question

21. Cyclical unemployment is a result of a. b. c. d. e. An inadequate matching of qualified workers and available jobs Inaccurate and/or costly information about job opportunities Insufficient employment in the building trades Not enough employees to fill available jobs A downturn in economic activity 22. When people are unemployed because their skills have become obsolete due to advances, this type of unemployment is called a. Frictional b. structural c. cyclical d. voluntary e. abnormal 23. The natural unemployment is the unemployment rate that results from a. b. c. d. Rapid changes in the business cycle Frictional and structural conditions in labor markets Welfare benefits to unemployed workers Inflexible wages in the marketplace 24. Full employment is that rate of employment when All labor resources of an economy are employed somewhere There is efficient use of the labor force, with allowance made for normal unemplo due to dynamic changes and the structural conditions in the economy a. b. c. Cyclic d. al unemployment is between 4 percent and 5 percent of the labor force Everybody who wants a job can find one 25. In the United States, an employment of between 94 percent and 95 percent indicates t a. The economy has inefficiently high unemployment b. Economy is at full employment c. Government has not done enough to provide jobs d. Economy is in a recession

Explanation / Answer

21. option e, because cyclical unemployment is due to change in business cycle.

22. option b, because structural unemployment is the result of mismatchof skills.

23. option b,because while calculating natural rate of unemployment we include structural and frictional unemployment

24 option a) ,when all reources are employed.

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