In one year, you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year. What percentage of the unemployment spells you encountered ended within one week and therefore was short term, and what percentage of the unemployment you encountered in a given week was long term?
A) 52% was short term; 13.3% was long term
B) 52% was short term; 88.9% was long term
C) 86.7% was short term; 13.3% was long term
D) 86.7% was short term; 88.9% was long term
Correct Answer:
Verified
Q316: Table 28-3 Q317: Table 28-2 Q318: If the natural rate of unemployment is Q319: Suppose that the adult population in the Q320: Table 28-3 Q322: Providing training for unemployed individuals is primarily Q323: Most spells of unemployment are Q324: Frictional unemployment is thought to explain relatively Q325: Frictional unemployment results from Q326: Violett quit her job because she was
Suppose people in the adult population
A)long, and most
A)short
A)job searching.It is often
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