Multiple Choice
Suppose the country of Quasiland experienced a decrease in real GDP and people were laid off from their jobs. The people would be considered part of
A) frictional unemployment.
B) structural unemployment.
C) cyclical unemployment.
D) discouraged workers.
Correct Answer:
Verified
Correct Answer:
Verified
Q178: The unemployment rate equals<br>A) (the number of
Q179: The employment-to-population ratio is equal to the
Q180: Suppose that the number of jobs in
Q181: When more labor is unemployed than the
Q182: Suppose the population is 220 million people,
Q184: Give an example of a frictionally unemployed
Q185: Full employment means<br>A) zero unemployment.<br>B) only cyclical
Q186: When the economy is at full employment
Q187: Can frictional unemployment ever be totally eliminated?
Q188: If the CPI was 121.5 at the