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Econ 202 assignment 1 100- SURE ANSWERS_.pdf
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8/4/24, 10:55 AMEcon 202 assignment 1
Jeremiah
Terms in this set (22)
Sam is a real estate salesman but because Employed
very few people were buying houses around
2008, although they were buying other
goods. Sam could not find a job in the real
estate business. However, he did find a less
enjoyable job in a book store. Sam is
Which type of unemployment is associated Cyclical
with downward fluctuations of economic
activity leading to a decrease in
expenditures.
Which type of unemployment is the worst Structural
kind of unemployment?
If the unemployment rate is 8%, we can say Not enough information
that the economy
The labor force equals the number of employed plus unemployed
people
While the costs of unemployment are high, varies greatly among individuals
the personal cost to the unemployed
Mary just received a degree in Business at frictional unemployed
BSU and has been offered
An increase in the unemployment rate not enough info
means that
Country A has an unemployment rate of 8% i have no idea
and country B has an unemployment rate of
12%. Which country has the strongest
An increase in the participation rate is a it depends upon why it increased
good sign since it indicates that more
people are interested in obtaining a job
Econ 202 assignment 1
1/2
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