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Hpreet796 Hpreet796
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5 years ago

Question 1.

During the severe recession of the early 1980s, cyclical unemployment increased as the recession continued. This increase in cyclical unemployment would have



▸ increased the natural rate of unemployment.

▸ decreased the natural rate of unemployment.

▸ had no effect on the natural rate of unemployment.

▸ caused structural unemployment to decrease.

Question 2.

Matt graduated from college six months ago and is currently without work. He accepted a job that will start in three months. Today, Matt is



▸ in the labor force.

▸ employed.

▸ a discouraged worker.

▸ not in the labor force.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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javiermorillajaviermorilla
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Hpreet796 Author
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5 years ago
Thanks
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