The labor force equals the sum of the employed and the unemployed
a. True
b. False
Indicate whether the statement is true or false
True
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Job search is defined as
A) equivalent to job rationing. B) being paid an efficiency wage. C) the activity of looking for an acceptable, vacant job. D) attending school to increase your employability. E) saying you are looking for a job when you are actually not looking.
The GI Bill provided educational opportunities to many young men returning from military service. Using a production possibilities curve, demonstrate how the GI Bill affected economic growth and explain your answer
FOMC stands for:
A. Federal Open Market Committee. B. Federation of Open Monies Committee. C. Fixed Open Market Commitments. D. Federal Open Money Committee.
:Employed full-time:4,200Employed part-time: 700Not employed and looking for work: 300Not employed and not looking for work: 200
Suppose that 50 percent of the part-time workers of Metropolis are looking for full-time jobs. Given the data in Table 12.1, if these workers were counted as not employed and looking for work, the unemployment rate of Metropolis would be approximately:
A. 6 percent. B. 13 percent. C. 16 percent. D. 21 percent.