Multiple Choice
The accompanying list describes the responses of four individuals to a Bureau of Labor Statistics (BLS) survey of employment.
1) Mollie just graduated from college and is now looking for work. She has had three job interviews in
The past month but still has not gotten a job offer.
2) George used to work in an automotive assembly plant. He was laid off six months ago as the
Economy weakened. He expects to return to work in a few months when national economic
Conditions improve.
3) Jeanette worked as an aircraft design engineer for a company that produces military aircraft until
She lost her job last year when the Federal government cut defense spending. She has been
Looking for similar work for a year, but no company seems interested in her aircraft design skills.
4) Ricardo lost his job last year when his company downsized and laid off middle-level managers. He
Tried to find another job for a year but was unsuccessful and quit looking for work.
Which individual(s) would be included in the calculation of the natural rate of unemployment?
A) Mollie only
B) George only
C) Mollie and Jeanette
D) George and Ricardo
Correct Answer:

Verified
Correct Answer:
Verified
Q100: For a given amount of nominal income,
Q101: Official unemployment statistics overstate unemployment because discouraged
Q102: Part-time workers who want full-time work are
Q103: Recurring upswings and downswings in an economy's
Q104: The presence of discouraged workers<br>A) increases the
Q106: How does unanticipated inflation affect savers?
Q107: Assume that Kyle is temporarily unemployed because
Q108: Define the "full-employment" or "natural" rate of
Q109: In the United States, business cycles have
Q110: What is meant by the term "business