ECON102_Quiz_2 ALL ANSWERS 100% CORRECT SPRING FALL -2022 LATEST SOLUTION GUARANTEED GRADE A+

Question 1 of 10 10.0/ 10.0 Points Business cycles are A. movements in stock prices. B. the transfer of executives between firms. Correct C. used to describe fluctuations in GDP. D. a description of the time required to bring a new product to market. Answer Key: C Question 2 of 10 10.0/ 10.0 Points Economists define the unemployed as individuals who are A. not currently working. Correct B. not currently working but are actively looking for work. C. working but looking for a different job. D. working less than their desired amount of time. Answer Key: B Question 3 of 10 10.0/ 10.0 Points Economists define the labor force to include A. only people who are working full time. B. people who are working. Correct C. people who are not working but are actively looking for a job, and people who are working. D. all individuals of work age, regardless of whether they are working or looking for a job. Answer Key: C Question 4 of 10 10.0/ 10.0 Points People who want to work but have stopped looking for work because they could not find jobs after actively searching are called A. employed. B. unemployed. Correct C. discouraged workers. D. empowered. Answer Key: C Question 5 of 10 10.0/ 10.0 Points Unemployment that naturally occurs during the normal workings of an economy as people change jobs and move across the country is called A. natural unemployment. Correct B. frictional unemployment. C. structural unemployment. D. cyclical unemployment.