Economic Indicators and the Business Cycle
Which group is included in the calculation of the official unemployment rate?
Individuals who have given up looking for work
Individuals without a job who have actively looked for work in the past four weeks
Retired individuals not seeking employment
Students full-time not seeking employment
What type of unemployment occurs when a construction worker loses their job because the project was completed?
Structural unemployment
Cyclical unemployment
Seasonal unemployment
Frictional unemployment
What is an indirect consequence that might arise from persistent exchange rate devaluation affecting a nation's balance of payments?
A structural improvement in fiscal policy efficiency arises from better terms of trade adjustments.
Inflationary pressures could increase due to higher prices for imported goods and services.
A long-term surplus in the capital account due to enhanced export revenue accumulation occurs.
Deflation might occur because imported raw material costs are reduced in domestic currency terms.
Which of the following is an example of frictional unemployment?
A worker losing their job due to a recession in the manufacturing sector.
A business laying off employees due to a decline in demand for its products.
A worker being temporarily laid off due to a natural disaster.
A recent college graduate actively searching for their first job.
What type of unemployment would most likely increase if a government imposes higher taxes on businesses to fund public goods?
Structural unemployment
Frictional unemployment
Seasonal unemployment
Cyclical unemployment
If the Federal Reserve decides to increase the money supply, which of the following is most likely to decrease as a direct result?
Aggregate demand
Currency value in foreign exchange markets
Interest rates
The price level
Which of the following is an example of structural unemployment?
A worker being laid off due to automation replacing their job.
A business temporarily closing down during the off-season.
A person taking a sabbatical from work to travel.
A worker being let go due to a company downsizing its workforce.

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Which of the following is an example of structural unemployment?
A worker losing their job due to the relocation of a manufacturing plant.
A person voluntarily leaving their job to start their own business.
A worker being laid off due to a decrease in consumer spending.
A temporary employee being let go after completing a short-term project.
What is one direct effect of a cut in personal income tax on employment?
Increased personal savings leading immediately towards higher investment returns for individuals but no change in employment levels.
A potential short-term increase in interest rates with limited immediate impact on job creation or destruction.
Higher government borrowing required due to reduced tax revenue that does not guarantee immediate effects on employment rates.
Increased consumer spending could lead to higher demand for goods and services and therefore more jobs created.
Which of the following is an example of voluntary unemployment?
A person who chooses not to work and relies on government assistance.
A recent college graduate actively searching for their desired job.
A worker being temporarily furloughed during a company's financial crisis.
A worker being laid off due to a company bankruptcy.