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AP Macroeconomics Unemployment — practice questions

Explore 112 free Unemployment questions in AP Macroeconomics Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Unemployment questions and exercises with answers

Showing questions 1–30 of 112.

The unemployment rate is defined as the number of unemployed persons divided by the number of persons in the:Read the answer and worked solution →The unemployment rate is explicitly NOT divided by which group?Read the answer and worked solution →People who are not working and not looking for work are described as:Read the answer and worked solution →Unemployment that occurs as workers move between jobs is called:Read the answer and worked solution →Variation in unemployment caused by movement between expansion and recession is called:Read the answer and worked solution →The remaining level of unemployment that occurs even when the economy is healthy is called the:Read the answer and worked solution →Which factor is named as influencing the natural rate of unemployment?Read the answer and worked solution →When the economy is below full employment, the unemployment rate is:Read the answer and worked solution →When the economy is below full employment, real GDP is described as:Read the answer and worked solution →The labor force participation rate for January 2017 is given as:Read the answer and worked solution →At the outset of the recession described, the unemployment rate was:Read the answer and worked solution →Even after recovery began, population and labor force growth kept the unemployment rate:Read the answer and worked solution →Workers trained for one type of work but employed in a lower paying job that does not use their skills illustrate a cost of:Read the answer and worked solution →Reclassifying unemployed workers as discouraged workers moves them out of the labor force, so the unemployment rate:Read the answer and worked solution →An economy in a deep recession has unemployment that is mainly which type?Read the answer and worked solution →An economy exactly at full employment has an unemployment rate that is:Read the answer and worked solution →Unemployment falling from 6 percent while the labor force grows can still mean the number employed rose because the rate is a:Read the answer and worked solution →Tap the type of unemploymentRead the answer and worked solution →Match each unemployment termRead the answer and worked solution →Work the unemployment rateRead the answer and worked solution →True or false: unemploymentRead the answer and worked solution →Complete the unemployment rulesRead the answer and worked solution →The organisation responsible for conducting a nation's monetary policy is its:Read the answer and worked solution →The Federal Reserve Board of Governors has how many members?Read the answer and worked solution →Federal Reserve governors are appointed for terms of:Read the answer and worked solution →Who was Federal Reserve Chair from 1987 until early 2006?Read the answer and worked solution →In early 2014, who became the first woman to chair the Federal Reserve Board?Read the answer and worked solution →How many regional Federal Reserve Banks are there?Read the answer and worked solution →Which of these is one of the Fed's three functions?Read the answer and worked solution →Bank regulation aims to maintain banks':Read the answer and worked solution →

Worked practice questions

The unemployment rate is defined as the number of unemployed persons divided by the number of persons in the:

  1. The labor force
  2. Adult population
  3. Total population
  4. Working people
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Correct answer: A. The labor force

1. The denominator of the unemployment rate is carefully specified. 2. Economists define the unemployment rate using two counts. 3. It is the number of unemployed persons divided by the number in the labor force. 4. It is explicitly not divided by the overall adult population. _Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 7 'Unemployment'_

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The unemployment rate is explicitly NOT divided by which group?

  1. The number of firms hiring
  2. The overall adult population
  3. The number in the labor force
  4. The count of unemployed persons
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Correct answer: B. The overall adult population

1. A common mistake is to use the wrong denominator. 2. The unemployment rate is the number of unemployed divided by the labor force. 3. The definition adds a parenthetical warning. 4. It is not the overall adult population. _Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 7 'Unemployment'_

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People who are not working and not looking for work are described as:

  1. Out of the labor force
  2. Inside the labor force
  3. Formally unemployed
  4. Fully employed now
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Correct answer: A. Out of the labor force

1. The adult population splits into more than two groups. 2. Some people work and some are looking for work. 3. A third group are not working and not looking for work. 4. Economists refer to that group as out of the labor force. _Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 7 'Unemployment'_

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