New college graduates still looking for their first jobs would be classified in the BLS data as
A. not yet in the labor force.
B. part of structural unemployment.
C. frictionally unemployed.
D. cyclically unemployed.
Answer: C
You might also like to view...
If a firm produces components of its goods and services in other countries, it is said to be outsourcing
Indicate whether the statement is true or false
In the above figure, B is the current long-run aggregate supply curve and E is the current short-run aggregate supply curve
If there is an increase in the full-employment quantity of labor, then the long-run aggregate supply curve and the short-run aggregate supply curve A) remain B and E. B) shift to A and D, respectively. C) shift to C and F, respectively. D) remain at B and shift at F, respectively.
If the average interval between firms' price adjustments is relatively long
A) an increase in aggregate demand will cause a relatively short-lived increase in real GDP. B) an increase in aggregate demand will cause a relatively long-lived increase in real GDP. C) a reduction in aggregate demand will cause a relatively short-lived reduction in real GDP. D) none of the above.
Which of the following is a function of the Federal Reserve System?
fiscal policy (is determined the President and Congress) tariffs and quotas free trade monetary policy