The descriptions give the responses of four individuals to Statistics Canada.
1.Mollie just graduated from university and is now looking for work.She has had three job interviews in the past month.
2.George works in an automotive assembly plant.He was laid off six months ago as the economy weakened.He expects to return to work in several months when national economic conditions improve.
3.Jeanette worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the federal government cut defence spending.She has been looking for similar work for a year but no company seems interested in her aircraft design skills.
4.Ryan lost his job last year when his company downsized and laid off middle-level managers.He tried to find another job for a year,but was unsuccessful and quit looking for work.
-Refer to the above information.Which individual would be included in the calculation of the full-employment unemployment rate?
A) 1 only
B) 2 only
C) 1 and 3
D) 2 and 4
Correct Answer:
Verified
Q34: The natural rate of unemployment is the
A)
Q76: Full-employment output is also called
A) zero-unemployment output.
B)
Q78: Canada's economy is considered to be at
Q79: If the unemployment rate is 9 percent
Q81: At the economy's natural rate of unemployment:
A)the
Q82: Okun's law:
A)measures the tradeoff between the rate
Q83: When the unemployment rate is relatively high,
Q87: Assume the natural rate of unemployment in
Q89: The relationship between the size of the
Q98: For every 1 percent that the actual
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents