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Question 1
A recession is marked by ______________ output and
________ unemployment.
Question 2
To be classified as unemployed, an individual who is
sixteen years of age or older
Question 3
The unemployment rate
Question 4
The decline in the measured unemployment rate that
results when people who want to work but cannot find work stop looking for jobs
and then drop out of the ranks of the unemployed and the labor force is known
as
Question 5
The sum of frictional and structural unemployment is
thought of as the
Question 6
Cyclical unemployment is the
Question 7
The difference between the interest rate on a loan
and the inflation rate is the
Question 8
If discouraged workers were counted as unemployed,
the measured unemployment rate would increase.
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