Eco100 Review Quiz: Week 8 Chapter 12 Quiz ALL ANSWERS 100% CORRECT SPRING FALL-2022 LATEST GUARANTEED GRADE A+

Eco100 Review Quiz: Week 8 Chapter 12 Quiz ALL ANSWERS
100% CORRECT SPRING FALL-2022 LATEST
GUARANTEED GRADE A+
1. Economists define the labor force to include
A. people who are working.
B. only people who are working full−time.
Your answer is correct.
C. People who are not working but are actively looking for a job, and
people who are working.
D. all individuals of working age, regardless of whether they are working or
looking for a job.
2. The unemployment rate is the number of unemployed people
A. divided by the total working minus−age population.
B. and the number of people working fewer than their desired number of
hours, divided by the number of people who are working or looking for
work.
Your answer is correct.
C. divided by the sum of the number of people who are working and the
number of people who are looking for work.
D. divided by the number of people who are working.


3. unemployment is most closely associated with periods of falling GDP.
A. Structural
B. Voluntary
C. Frictional
Your answer is correct.
D. Cyclical


4. Economists say that the economy is at "full employment" when the