Use the information below to answer the following questions.
Fact 21.2.1 Some Firms Struggle to Hire Despite High Unemployment
Matching people with available jobs is always difficult after a recession as the economy remakes itself. But labour market data suggest the disconnect is particularly acute this time. Since the recovery began, the number of job openings has risen more than twice as fast as actual hires. If the job market were working normally, openings would be getting filled as they appear. Some 5 million more would be employed and the unemployment rate would be 6.8%, instead of 9.5%.
Source: The Wall Street Journal, August 9, 2010
-Consider Fact 21.2.1. Choose the statement that is incorrect. If the labour market is working properly, there is still unemployment because
A) there are always firms laying off workers, and these workers search for another job.
B) there are always discouraged searchers.
C) there are always workers leaving one job to search for another job.
D) there are always workers who have left the labour market in the past and are entering the labour market to search for work.
E) there are always students who have finished school who are entering the labour market to search for work.
Correct Answer:
Verified
Q62: When the unemployment rate is less than
Q63: Use the information below to answer the
Q64: People end unemployment when they
A)retire from a
Q65: Suppose that the natural unemployment rate is
Q68: If the economy is at full employment,
A)the
Q69: People become unemployed when they
A)retire.
B)are on maternity
Q70: Some unemployment is unavoidable because
A)people are making
Q71: If the number of discouraged searchers decreases
Q72: Suppose the economy is experiencing frictional unemployment
Q79: Henelyn lost her job as a factory
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