Multiple Choice
In order to be considered unemployed, a person must:
(i) be part of the working-age population.
(ii) be actively looking for work.
(iii) not have been self-employed.
(iv) must be noninstitutionalized.
A) (iii) and (iv)
B) (i) , (ii) , and (iv)
C) (i) and (ii)
D) (ii) and (iv)
Correct Answer:

Verified
Correct Answer:
Verified
Q13: (Figure: The Labor Market) Use Figure: The
Q14: A special credit program is begun to
Q15: Suppose that the graph depicts the labor
Q16: Refer to the following table that
Q17: Explain the concept of a "minimum wage"
Q19: Define the following terms:<br>(a) marginally attached worker<br>(b)
Q20: If the frictional rate of unemployment is
Q21: Both _ and _ may cause structural
Q22: You have four friends. Which of your
Q23: The equilibrium unemployment rate is the:<br>A)rate of