Most of the unemployment experienced during the Great Depression was a. cyclical

Question

Most of the unemployment experienced during the Great Depression was
a. cyclical
b. structural
c. seasonal
d. functional

The Employment Act of 1946 set a specific unemployment rate target of 4 percent.
True
False

The idea of the natural rate of unemployment is that
a. frictional and structural causes prevent employment in the economy from ever becoming 100 percent of the labor force
b. each industry has its average turnover rate, and this rate determines its natural rate of unemployment
c. the market system requires that a pool of unemployed people be available to limit the power of workers
d. none of the above

The natural rate of unemployment is the rate of unemployment we would expect to find
a. when frictional and structural unemployment are equal
b. when all unemployment is structural or frictional
c. when there is no inflation in the economy
d. when structural unemployment has been eliminated


The amount of unemployment that arises because workers are temporarily between jobs or new entrants to the labor force is known as
a. structural unemployment
b. cyclical unemployment
c. frictional unemployment
d. induced unemployment

Explanation / Answer

The Employment Act of 1946 set a specific unemployment rate target of 4 percent. True

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