1. Over the past several years, the target rate of unemployment has risen. Which

ID: 1165513 • Letter: 1

Question

1. Over the past several years, the target rate of unemployment has risen. Which of the following would not be used to explain this?

a) Congress passed a bill that requires the target rate to rise along with rising government deficits

b) the workforce is getting younger

c) more women have entered the workforce

d) government has expanded income support programs

2. According to the individual responsibility framework, which of the following would be most likely counted as unemployed?

A) A person graduates from a job-training program but cannot find a job.

B) A person has a lower reservation wage than the equilibrium wage, and cannot find a job.

C) A person has a higher reservation wage than the equilibrium wage and cannot find a job.

D) A person who has looked for a job for 24 months and can't find one.

1> b) the workforce is getting younger

Reason

On the contrary, the workforce is getting older. This can be a reason for increasing unemployment.

2> B) A person has a lower reservation wage than the equilibrium wage, and cannot find a job.

Reason

The person has a lower reservation wage but he is unable to find a job, but he must have got one.

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