Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Answer all of these questions to get amazing feedback if you are not don't waste your time because you will get horrible feedback!!
1. Inflation always increases from one month to the next? True or false
2. A person may become unemployed as a result of cutbacks in a business’s production? True or False
3. Which type of unemployment is experienced by a person who is simply out of work, is actively seeking a job, and could start working immediately?
A. Structural unemployment
B. Cyclical unemployment
C. Frictional unemployment
D. Seasonal unemployment
4. To calculate full unemployment, which citizens are taken into consideration?
A. All citizens legally able to work
B. All citizens who are able to work
C. All citizens
D. All citizens willing and able to work
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