宏观经济学课件 chapter 06.docx

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宏观经济学课件chapter06

Macroeconomics,6e(Blanchard/Johnson)

Chapter6:

TheLaborMarket

6.1MultipleChoiceQuestions

1)Whichofthefollowingisconsideredoutofthelaborforce?

A)theunemployed

B)thosetemporarilylaidoffwhowillsoonberecalled

C)thosewhoworkedfulltime,butinafamilybusiness

D)thoseindividualswhohavestartedsearchingforemploymentforthefirsttime

E)noneoftheabove

Answer:

E

Diff:

1

Usetheinformationprovidedbelowtoanswerthefollowingquestions.

Thenon-institutionalcivilianpopulationis250million,ofwhich100millionareemployedand10millionareunemployed.

2)Basedontheinformationabove,theunemploymentrateis

A)4%.

B)6.6%.

C)9.1%.

D)10%.

E)11.1%

Answer:

C

Diff:

2

3)Basedontheinformationabove,thelaborforceparticipationrateis

A)36%.

B)40%.

C)44%.

D)90.1%.

E)66%.

Answer:

C

Diff:

2

4)Basedontheinformationabove,thenon-employmentrateis

A)4%.

B)9.1%.

C)10%.

D)60%.

E)66%

Answer:

D

Diff:

2

5)Whichofthefollowingindividualswouldbeconsideredunemployed?

A)anindividualwhoworksonlypart-time

B)anindividualwhoworksfull-timeinafamilybusiness,butisnotpaid

C)anindividualwhoisnotworkingandisnotlookingforwork

D)alloftheabove

E)noneoftheabove

Answer:

E

Diff:

2

6)Dataonlabor-forceflowsshowthat

A)almostallseparationsareduetodeath.

B)almostallseparationsareduetoseriousillness.

C)almostallseparationsarequits.

D)almostallseparationsarelayoffs.

E)noneoftheabove

Answer:

E

Diff:

2

7)Dataonlabor-forceflowsshowthat

A)inanygivenmonth,almostnoneoftheunemployedgetsjobs.

B)inanygivenmonth,almostalloftheunemployedgetsjobs.

C)theaveragedurationofunemploymentisabout2weeks.

D)theaveragedurationofunemploymentisabout2years.

E)inanygivenmonth,aboutone-fourthoftheunemployedgetjobs.

Answer:

E

Diff:

2

8)Whichofthefollowingvariablesismostdirectlydeterminedinthelabormarket?

A)stockprices

B)nominalwages

C)interestrates

D)alloftheabove

E)noneoftheabove

Answer:

B

Diff:

1

9)Thetwolabormarketsinthe"duallabormarket"are

A)southernversusnorthern.

B)westernversuseastern.

C)Englishspeakingversusnon-Englishspeaking.

D)domesticversusforeign.

E)noneoftheabove

Answer:

E

Diff:

1

10)WhentheCurrentPopulationSurvey(CPS)wasintroducedin1940,itwasbasedonasurveyofapproximately8000households.TheCPSsurveyisnowbasedonasurveyofhowmanyhouseholds?

A)8,000

B)10,000

C)12,0000

D)20,000

E)60,000

Answer:

E

Diff:

2

11)Astheunemploymentratefalls,

A)theproportionoftheunemployedfindingajobincreases.

B)theseparationrateincreases.

C)theyoungandunskilledexperiencelarger-than-averagedecreasesinunemployment.

D)bothAandC.

E)alloftheabove

Answer:

D

Diff:

2

12)Whichofthefollowingstatementsaboutwagesettingistrue?

A)mostworkersintheU.S.havetheirwagessetbyformalcontracts.

B)formalcontractsplayamoreimportantroleinJapanandWesternEuropethanintheUnitedStates.

C)theminimumwageintheU.S.isabout75%oftheaveragewage.

D)alloftheabove

Answer:

B

Diff:

1

13)Thereservationwageis

A)thewagethatanemployermustpayworkerstoreduceturnovertoareasonablelevel.

B)thewagethatensuresalaid-offindividualwillwaitforre-hire,ratherthanfindanotherjob.

C)thelowestwagefirmsareallowedbylawtopayworkers

D)thewageofferthatwillendalabor-strike.

E)noneoftheabove

Answer:

E

Diff:

1

14)Efficiencywagetheorysuggeststhat

A)workerswillbepaidlessthantheirreservationwage.

B)productivitymightdropifthewagerateistoolow.

C)thegovernmentcanonlysettaxratessohighbeforepeoplewillprefernottowork.

D)unskilledworkerswillhavealowerturnoverratethanskilledworkers.

E)firmswillbemoreresistanttowageincreasesasthelabormarkettightens.

Answer:

B

Diff:

2

15)Ifefficiencywagetheoryisvalid,wewouldexpectarelativelylowpremiumoverthereservationwagewhen

A)theunemploymentrateislow.

B)thejobrequiresverylittletraining.

C)workerscanbeeasilymonitored.

D)workershavefewotheroptionsforemploymentinthearea.

E)alloftheabove

Answer:

C

Diff:

2

16)HenryFord'sexperimentwithefficiencywagesresultedin

A)adramaticdropinproductivity.

B)adramaticincreaseintheturnoverrate.

C)areductioninthelayoffrate.

D)newproblemswiththeworkforce,likedrunkennessandrecklessdriving.

E)nonoticeableeffects.

Answer:

C

Diff:

2

17)Inthewage-settingrelation,thenominalwagetendstodecreasewhen

A)thepricelevelincreases.

B)theunemploymentratedecreases.

C)unemploymentbenefitsdecrease.

D)theminimumwageincreases.

E)alloftheabove

Answer:

C

Diff:

1

18)InthewagesettingrelationW=PeF(u,z),thevariablezdoesNOTincludewhichofthefollowingvariables?

A)theminimumwage

B)unemploymentbenefits

C)theextenttowhichfirmsmarkuppricesovertheirmarginalcost

D)alloftheabove

E)noneoftheabove

Answer:

C

Diff:

1

19)Laborproductivityisrepresentedbywhichofthefollowing?

A)theratioofoutputtoemployment

B)workersperunitofcapital

C)capitalperworker

D)theratioofoutputtopopulation

E)theratioofoutputtothelaborforce

Answer:

A

Diff:

1

20)Thepricesettingequationisrepresentedbythefollowing:

P=(1+m)W.Whenthereisperfectcompetition,weknowthatmwillequal

A)W.

B)P.

C)1.

D)W/P.

E)noneoftheabove

Answer:

C

Diff:

2

21)Thenaturalrateofunemploymentistherateofunemployment

A)thatoccurswhenthemoneymarketisinequilibrium.

B)thatoccurswhenthemarkupofpricesovercostsiszero.

C)wherethemarkupofpricesovercostsisequaltoitshistoricalvalue.

D)thatoccurswhenboththegoodsandfinancialmarketsareinequilibrium.

E)noneoftheabove

Answer:

E

Diff:

2

22)Thenaturallevelofoutputisthelevelofoutputthatoccurswhen

A)thegoodsmarketandfinancialmarketsareinequilibrium.

B)theeconomyisoperatingattheunemploymentrateconsistentwithboththewage-settingandprice-settingequations.

C)themarkup(m)iszero.

D)theunemploymentrateiszero.

E)therearenodiscouragedworkersintheeconomy.

Answer:

B

Diff:

2

23)Supposewewishtoexaminethedeterminantsoftheequilibriumrealwageandequilibriumlevelofemployment(N).Inagraphwiththerealwageontheverticalaxis,andthelevelofemploymentonthehorizontalaxis,theprice-settingrelationwillnowbe

A)averticalline.

B)ahorizontalline.

C)anupwardslopingline.

D)adownwardslopingline.

E)kinkedatthenaturalrateofunemployment.

Answer:

B

Diff:

2

24)Supposewewishtoexaminethedeterminantsoftheequilibriumrealwageandequilibriumlevelofemployment(N).Inagraphwiththerealwageontheverticalaxis,andthelevelofemploymentonthehorizontalaxis,thewage-settingrelationwillnowbe

A)averticalline.

B)ahorizontalline.

C)anupwardslopingline.

D)adownwardslopingline.

E)acurvethatfirstslopesupward,thendownward.

Answer:

C

Diff:

2

25)Thenaturallevelofemployment(N)willincreasewhenwhichofthefollowingoccurs?

A)anincreaseinthemarkupofpricesovercosts

B)areductioninunemploymentbenefits

C)anincreaseintheactualunemploymentrate

D)alloftheabove

E)noneoftheabove

Answer:

B

Diff:

2

26)Basedonthedataprovidedinthechapter,whichofthefollowingrepresentsthelargestcomponentofthelaborforce?

A)discouragedworkers

B)retiredindividuals

C)employed

D)unemployed

Answer:

C

Diff:

1

27)Thelaborforceisdefinedas

A)thesumoftheemployedandunemployed.

B)thetotalnumberemployed.

C)thetotalnumberofworkingageindividualsinthepopulation.

D)thesumofthenumberofemployed,unemployedanddiscouragedindividuals.

Answer:

A

Diff:

1

28)TheparticipationrateintheUnitedStatesin2010wasapproximatelyequalto

A)96%.

B)90%.

C)65%.

D)26%.

E)5%.

Answer:

C

Diff:

1

29)Whichofthefollowingrepresentstheparticipationrate?

A)theratioofthenumberemployedtothesizeofthelaborforce

B)theratioofthenumberemployedtotheciviliannoninstitutionalpopulation

C)theratioofthelaborforcetotheciviliannoninstitutionalpopulation

D)theratioofthelaborforcetothetotalnumberofemployedandunemployedworkers

Answer:

C

Diff:

1

30)Theaverageamountoftimepeoplespendunemployedisapproximately

A)1month.

B)6months.

C)12months.

D)noneoftheabove

Answer:

D

Diff:

2

31)TheCurrentPopulationSurveyinterviewsapproximatelyhowmanyhouseholdseachmonth?

A)5000

B)10,000

C)60,000

D)100,000

Answer:

C

Diff:

1

32)IntheUnitedStates,howmanyworkersbecomeunemployed,onaverage,everyday?

A)5,000

B)10,000

C)50,000

D)100,000

Answer:

C

Diff:

1

33)IntheUnitedStates,theaveragelengthoftimepeoplespendunemployedis

A)approximatelyonemonth

B)betweentwoandthreemonths

C)betweentenandelevenmonths

D)greaterthantwelvemonths

Answer:

B

Diff:

2

34)Areductionintheunemploymentratewilltendtocausewhichofthefollowing?

A)anincreaseintheseparationrate

B)areductioninthenominalwage

C)areductioninthedurationthatoneisunemployed

D)noneoftheabove

Answer:

C

Diff:

2

35)Whentheunemploymentrateislow,wewouldexpectthat

A)theprobabilityoflosingajobishigh.

B)theprobabilityoflosingajobislow.

C)theprobabilityanunemployedindividualwillfindanotherjobislow.

D)theseparationratewillincrease.

Answer:

B

Diff:

2

36)Supposew

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