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book Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson cover

Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson

Edition 15ISBN: 9781305176799
book Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson cover

Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson

Edition 15ISBN: 9781305176799
Exercise 8
Classify each of the following as employed, unemployed, or not in the labor force:
a. Brown is not working; she applied for a job at Walmart last week and is awaiting the result of her application.
b. Martinez is vacationing in Florida during a layoff at a General Motors plant due to a model changeover, but he expects to be recalled in a couple of weeks.
c. Green was laid off as a carpenter when a construction project was completed. He is looking for work but has been unable to find anything except a $10 -per-hour job, which he turned down.
d. West works 70 hours per week as a homemaker for her family of nine.
e. Carson, a 17-year-old, works six hours per week as a delivery person for the local newspaper.
f. Chang works three hours in the mornings at a clinic and for the last two weeks has spent the afternoons looking for a full-time job.
Explanation
Verified
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(a) Brown will be considered unemployed ...

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Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
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