Multiple Choice
In one year, you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year. What percentage of the unemployment spells you encountered ended within one week and therefore was short term, and what percentage of the unemployment you encountered in a given week was long term?
A) 52% was short term; 13.3% was long term
B) 52% was short term; 88.9% was long term
C) 86.7% was short term; 13.3% was long term
D) 86.7% was short term; 88.9% was long term
Correct Answer:

Verified
Correct Answer:
Verified
Q52: Table 28-6<br>The table below lists the
Q53: The Bureau of Labor Statistics defines discouraged
Q54: Why might a favorable change in the
Q55: Suppose that the adult population in the
Q56: Government-run employment agencies and public training programs
Q59: Suppose that there is an excess supply
Q60: Almost nine-tenths of all spells of unemployment
Q61: Following the recession of 2001, there was
Q62: The Bureau of Labor Statistics' U-3 measure
Q316: Most spells of unemployment are long, and