2. Which of the following is characteristic of a downturn in the business cycle? Lower unemployment...
2. Which of the following is characteristic of a downturn in the business cycle?
- Lower unemployment rates.
- Lower real output.
- Higher prices.
- Higher interest rates.
5. People leave the labor force when they:
- Give up looking for a job.
- Cannot find work between growing seasons.
- Become unemployed as a result of a recession.
- None of the above.
Homework Answers
a) "B"
When the business cycle takes a downturn that means its a recession and that will reduce the price and lower the real output.
b) "A"
When people are unemployed and they give up looking for a job that means they are out of the labor force in the market.
Add Answer to:
2. Which of the following is characteristic of a
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Which of the following is a shortcoming of the unemployment
rate?
Choose one or more:
A. There are too few observations collected monthly. The
small sample size causes inaccurate measurements.
B. Temporary workers are not counted as
employed.
C. If someone is working at a lower-paying job but is
qualified for a higher-paying job, he/she is counted as
unemployed.
D. The unemployment rate does not include discouraged
workers.
Which of the following can lower the level of frictional
unemployment over...
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