D. There is, Which of the following statements correctly describe discouraged workers? Unemployment insurance decreases the amount of frictional unemployment. Suppose the government wants to reduce this type of unemployment. a. frictional unemployment b. When there is no involuntary unemployment, firms must be employing workers without ever dismissing them. Students and those who are retired aren't looking for a job Our experts can answer your tough homework and study questions. A. A person who wants a job as a fashion model but cannot find work in that field. The actual unemployment rate can never be above the natural rate. A person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job: A. is counted as out of the labor force but should be counted as unemployed. 4. b) job retraining. People who lost their jobs during the recession experienced cyclical unemployment. c. There is no involuntary unemployment. I. 1) Which of the following statements correctly describe discouraged workers? Hint: it's not zero. c. why the m, Which of the following is true? Which of the following is true when the economy is at full employment? Select one: Which of the following is true of seasonal unemployment? Which two types of unemployment still exist in a full-employment economy. B. a. an individual who is not working and is not looking for work b. an individual who works full-time in a family business, but is not paid c. an individual who works only part-time d. all, Which of the following statements is/are correct? C. the unemployment rate is equal to the natural rate. b. there is 0% cyclical unemployment. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. B. a) The unemployment rate is too high. A. inflation B. discouraged workers C. people employed in the underground economy D. unemployed people falsely reporting themselves to be actively looking fo, Which of the following best describes discouraged workers? a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Which of the following statements correctly describe discouraged workers? Which of the following is a statement of normative economics? 1/10 II) Employers may respond by buying more machine, Which of the following is not a wage or employment strategy that a union would follow? A. b. The unemployment rate is equal to the natural rate of unemployment. It is a long-term unemployment. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. (b) A person who has been unemployed for too long might lose their skills and become unemployable. The typical employment insurance compensation is roughly one-third of one's latest salary for up to 26 weeks. There is only cyclical unemployment in the economy. a. c. Outsourcing resulted in many job losses i, What does the unemployment rate measure? Full employment is natural unemployment minus 100%. 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The only way a recession can occur, Which of the following statements is true about the natural rate of unemployment? ", Which of the following does the Theory of Efficiency Wages explain? Cyclical unemployment is A. unemployment caused by time delays in matching available jobs and workers. Which of the following statements is true of an economy at its "natural rate of unemployment"? A person who stayed home to raise his children and now starts looking for a job. D) cyclical or structural unemployment. A contrast is at-will if the employee could be dismissed without any established just cause, as long as the firing is not based on illegal reasons such as gender, race, and religion. Which of the following terms is the sum of all final goods and services purchased in an economy? If there are 10,000 unemployed workers and 10,000 job vacancies in the economy, the unemployment rate for this economy will be zero (unemployment rate will be 0%). 2. There must be involuntary unemployment in an efficiency wage equilibrium. The natural unemployment rate is the fraction of the labor force that is unemployed due to frictional unemployment. [5] none of the above statements . C. Labor market outcomes are not affected by s, Which of the following statements is false? Some unemployment will be present even when a dynamic labor ma. During a recession, cyclical unemployment will be low. c. When an economy is at full employment, actual unemployment will be less than the natural rate of un. If the unemployment rate is 10 percent and 72 million people are working, how many people are unemployed? Discouraged, Which of the following statements is/are correct? They are financed with tax, Which of the following is NOT true about economics? How many fewer workers would have been unemployed? Cyclical b. The minimum wage is good because it raises wages for the working poor. (a) Decreases unemployment (b) Increases unemployment, The natural rate of unemployment does not include which of the following? a) In recent years, the unemployment rate in every European country has been higher than the unemployment rate in the United States. During the recession the business began importing most of the products they sell, b. a. There is only cyclical unemployment in the economy. The natural rate of unemployment does not include which of the following? b. d) Labor force: the number of employed plus the unemployed. All unemployment is cyclical c. The unemployment rate is less than the natural unemployment rate d. There is no frictional unemployment. c. Unemployment exceeds the nat, Cyclical unemployment refers to A. changes in unemployment due to changes in the natural rate of unemployment. Briefly explain why discouraged workers and part-time workers may contribute to the official unemployment rate, understating true unemployment in the economy. They have given up on looking for a job but are still willing to w, Which of the following people would be classified as structurally unemployed? The natural unemployment rate is the unemployment rate that exists when there is no A) structural unemployment. (b) The pricing policies of firms. d. Companies stop lookin, Which of the following groups of people are counted as unemployed? E) cyclical, fri, When the unemployment rate matches the natural unemployment rate, A) there is no structural or cyclical unemployment. Workers laid off as a result of a recession suffer A. frictional unemployment. a. Which of the following statements is true regarding the natural unemployment rate? -4%. To be officially unemployed, a person has to be in the labor force. b. a) To be officially unemployed, a person has to be in the labor force. d) Full employment. The unemployment rate is equal to the natural rate of unemployment. a. Frictional unemployment refers to unemployed people who are switching jobs or looking for new jobs. c. Actual real GDP is, Which of the following best defines frictional unemployment? c. discouraged unemployment. Check all that apply. b. What is the difference between being unemployed and being out of the labor force? Using the table below, what is the approximate growth rate of real GDP from 2012 to 2013? b. c. The natural rate of unemployment, Identify the false statement(s). South Africa's unemployment problem stems from the demand side only. a. The people who are counted as unemployed but have to relocate to get there next job. Output cannot begin rising due to the lack of available labor, c. Ne, Which of the following might help explain the higher productivity of union workers? c. If the overall unemployment rate is 7 percent, Which is part of the economic impact of employment protection laws that make it hard for firms to lay off workers? C. A part-time worker. (b) if unemployment occurs, it will cure itself because wages, Which of the following statements is incorrect? Which of the following are true of state and local revenues? a) To be officially unemployed, a person has to be in the labor force. C) Firms usually tend to cut wages, Which one of the following statements is correct? B. d) economy must have entered a recession, Which of the following causes the unemployment rate to understate the true extent of joblessness? As a result. Which of the following are true of an economy operating below full employment? however, now we learned that everything is gone. C. There is no less than 100% of the workforce employed. Become a Study.com member to unlock this answer! A. a. Get access to this video and our entire Q&A library, Three Types of Unemployment: Cyclical, Frictional & Structural. Which of the following statements is (are) true with respect to the Social Security earnings test? a) A worker with a college degree is more likely to be unemployed than a worker without one. (choose all that apply) a) They are counted as part of the labor force by the Bureau of Labor Statistics, Which of the following describes a way in which unions can reduce wages? * They are full-time workers who would like to work part-time *They are counted as part of the labor for, 91. b. People who lost their jobs during the recession experienced cyclical unemployment. C. A person who quits a job to return to school full-ti, Which type of unemployment includes a person who has given up looking for a job because he thinks it is just a waste of time? Productivity is pro-cyclical. a) Fricti. Total unemployment is 5%. c. frictional unemployment will be zero. 4%. The United States assumed total responsibility for the . When there is involuntary unemployment, the employment rent is zero. Which of the following statements are true regarding unemployment? a. Mark all that apply. Which of the following statements is correct regarding involuntary unemployment? b. the cyclical unemployment rate. Which of the following statements is incorrect? A According to the principles of virtue-based ethics, actions are less important than the agent's moral character. b. c. The natural unemployment rate is greater than the structural unem, The actual unemployment rate that prevails when cyclical unemployment is zero is called unemployment rate. The unemployment rate is understated due to: a) None of the above. 2.25 c. 3.33 d. Cannot be calculated with the information provided, By creating an account, you agree to our terms & conditions, Download our mobile App for a better experience. Real wage is cyclical. Many German Soviets would later return to Germany after Germany was reunited and the Soviet Union collapsed. d. the unemployment rate will be zero. The unemployment rate as fallen by 1 percentage point c. The rate of the increase in unemployment has decr, As an economy enters a deep recession, most of the changes in the unemployment rate are associated with which type of unemployment? c. The doctrine helps lower labor hiring and firing costs, leading to lower unemployment rates. (a) Higher unemployment has social costs, for example it could lead to increased criminal activity. d. the natural unemployment rate. b. As the wage rate rises, the substitution effect increases the opportunity cost of leisure and causes a worker to devote more time to working and less time to leisure. struct. B. structural and frictional unemployment have been eliminated. Which one of the four statements below is not like the others? All rights reserved. c) They are employed workers who. There must be involuntary unemployment in an efficiency wage equilibrium. C. the unemployment rate is above the natural rate of unemployment. b. A. A. d) All of the above. "The natural rate of unemployment is equal to frictional unemployment plus structural unemployment". Unions are becoming a greater influence in American labor markets. b. (A) They are full-time workers who would like to work only part-time. Between 1944 and 1948, millions of people, including ethnic Germans ( Volksdeutsche) and German citizens ( Reichsdeutsche ), were permanently or temporarily moved from Central and Eastern Europe. b) considered underemployed. Unemployment figures that estimate the number of unemployed are prepared by the U.S. Department of Labor c. The published unemployment numbers fail to reflect the number of discouraged workers and "hidden unemployed" An unemployment rate of 7 percent is a serious problem. a. The short-run aggregate supply curve is horizontal to indicat, Which of the following equations shows what 'actual employment' is equal to? D. Someone who has, Which of the following would be considered unemployed, according to official statistics? The unemployment rate is measured by dividing the number of unemployed persons by the number of people working. Which of the following statements is true regarding the natural unemployment rate? Full employment is natural unemployment minus 100%. Which of the following statements is false? a. Which of the following would be considered unemployed, according to our official statistics? The percentage of adults who are in the labor force and thus seeking jobs, but wh. A) For the U.S., union workers earn about 15% more than non-union workers doing the same work. A recession not always lead to an increase of unemployment rate, indeed this rate may drop during such economic distress. Which of the following is true? a. b. If the unemployment rate is 6 percent and the number of persons unemployed is 6 million, then what does the number of people employed equal to? Explain each answer briefly. It is possible to eliminate natural unemployment. ", Which of the following is an example of an active labor market policy? B. structural unemployment is zero. a. unemployment + employment b. cyclical unemployment - structural unemployment c. structural unemployment + frictional unemployment d. structural unemployment + cyclical unemployment. Either way, we want to make sure this statement wont have the risk to get us sued for . higher unemployment during a recession. There is only cyclical unemployment in the economy. A. b. The labor force would decrease and the unemployment rate would remain the same. A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, Suppose the wage on the vertical axis refers to the real wage. The actual unemployment rate can never be at the natural rate. B. b. a. Which of the following characteristics relate to cyclical unemployment? B. It is the type of unemployment associated with d. Which of the following people would be classified as unemployed? Which part of the business cycle below corresponds with growth in the economy? 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This type of unemployment is prevalent in agriculture and the primary sector. Wages drop below the level of the minimum wage. d. cyclical unemployment. A. a. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. a. c. Unemployment exceeds the nat. It is possible to eliminate natural unemployment. c. Unemployment insurance increases the amount of. Createyouraccount. A. inflation B. discouraged workers C. people employed in the underground economy D. unemployed people falsely reporting themselves to be actively looking fo. While physical capital is also a resource, it doesn't buy goods and services and thus is easier to analyze. The natural rate of unemployment: A. fluctuates around the actual rate of unemployment. Which of the following is true? a. D. cyclical unemployment is greater than, If the actual unemployment rate is less than the natural unemployment rate: a. a recessionary gap exists and wages are likely to rise. Suppose that some people are counted as unemployed when, to maintain unemployment compensation, they search for work only at places where they are unlikely to be hired. A. The unemployment rate is equal to 0%. b. d, Before the recession began, the U.S. unemployment rate was about 6%. Interviewing a wide variety of candidates to ensure a diverse workforce b. c. If the overall unemployment rate is 7 percent, u, Which of the following statements most closely describes the variation in unemployment rates across countries in Europe: a) Countries with higher rates of unionization tend to have higher unemployment rates, but this is partially mitigated if wage negotia, Which of the following types of unemployment results when workers are willing to work at a prevailing wage rate though firms are unwilling to employ all of them at that wage rate? Which of the following statements about unemployment is true? A. answer choices Everyone who wants to work is working The economy is producing at its potential The economy is only experiencing cyclical unemployment The economy is producing beyond the PPF The economy is producing beyond the PPF Question 6 30 seconds Q. Economics can accurately predict what the national economy will do in six months to a year. a) To be officially unemployed, a person has to be in the labor force. b. [1] b [2] a. a. A) An unemployment rate of 5 percent or 6 percent B) Seasonal unemployment C) Structural unemployment D) Cyclical unemployment E) Frictional unemployment, Which of the following statements correctly describe discouraged workers? A person who has given up searching for work is called a. frictionally unemployed. d. the structural unemployment rate. C) frictional, seasonal, and structural unemployment. Employment exceeds full employment. The labor force would decrease and the unemployment rate would decrease. As a recession begins, firms quickly make layoffs. Based on the graph above, if market price is $19 per unit, what is happening at that market price? a. frictional unemployment b. the wage to rise above the equilibrium level c. conflict between insiders who benefit from high union wages and outsiders who do not get the union jobs d. reduced wages in industrie, Which of the following statements is correct? The variation in unemployment caused by the economy moving from expansion to recession or from recession to expansion is known as: a) Cyclical employment. A. A decline in the markup on wages by 10% along with no change in the pa. The economy is in the peak phase of the business cycle. B. Give an example for Frictional, seasonal, structural, and cyclical unemployment. c) A person who is working part-time but would like to be workin. B. will equal structural unemployment. Correct option D. There is only structural unemployment in the economy. It is always at zero percent.b. A. B) frictional unemployment. d. frictional, The economy is considered to be at full employment when: a. the actual rate of unemployment is less than the natural rate. The unemployment rate in 2009 was higher than it was in 2006. b. a. II. D) seasonal and cyclical unemployment. b. frictional unemployment. C. rate of cyclically unemployed. Structural unemployment refers to jobs becoming outdated due no longer needing a specific skillset. Become a Study.com member to unlock this answer! Full employment is natural unemployment minus 100%. There is no cyclical unemployment in the economy. When an economy achieves full employment, a. the unemployment rate will equal the natural rate of unemployment. An increase in the markup on wages along with an increase in the payment of unemployment benefits b. A person working for the family business after school without pay. a. why setting wages at the equilibrium level may increase Unemployment. A. c. a person does not have a job, regardless of whether or not they want one. Unemployment insurance increases the amount of frictional unemployment. Select all that apply. B) there is no cyclical unemployment. a. Key labor market outcomes are the levels of wages, employment, and unemployment. Which of the following is true when the economy is at full employment? Learn the various types of unemployment. Unemployment correlated with the business cycle is called A. cyclical unemployment. c) Out of labor force: Out of paid work and looking for a job. b. structural unemployment. c.Separate property acquired before marriage becomes community property after marriage in . A U.S. software firm discharged 15 workers last month and transferred the work, Which of the following statements (if any) correctly describe discouraged workers? higher unemployment during a recession. If these individuals were counted as not in the labor force instead of as unemployed. An unemployment rate of greater than 8 percent is good because prices will fall. In the labor force? Which of the following statements about full employment is correct? b. the leading economic indicators are unchanged for two consecutive quarters. If an unemployment report stated that the economy created 50,000 new jobs, and the unemployment rate has increased by 0.2 percent, is there an error in the report? iv. A discouraged worker is counted as an unemployed worker. b. the leading economic indicators are unchanged for two consecutive quarters. During the recession the business began importing most of the products they sell, b. Which of the following statements is true? If demand becomes more elastic, which of the following will happen, as demonstrated by the graph shown here? Which of the following statements are true regarding the job design process:a. B. Real output exceeds the natural level of real output. d. Un. 5 Which of the following statements are true regarding unemployment? b. B. the portion of unemployment created by the job search. A person who is not working is officially unemployed. An increase in the minimum wage enhances the well-being of all unskilled workers. B. A teenage worker is more likely to be unemployed than an older worker. marketing. If the unemployment rate is 10% and 90 million people are working, how many people are unemployed? c. Actual real GDP is, Which of the following statements best describes the "jobless recovery" after the Great Recession. Energy transition refers to the process of moving towards the replacement of the currently used fossil fuels for energy production with RES, as well as the introduction of new energy systems with improved operation efficiency and low primary energy consumption, described with the term "rational use of energy" (RUE) [12,13]. A. B. 1. a. All of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment. C) there is no frictional cyclical unemployment. Hence, lesser will be premium It is neither Charity nor Gambling Set a wage rate that will maximize the income of only some of its members. b. It is the difference between the current rate of unemployment and the natural rate of unemployment. b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following causes of unemployment is not associated with an excess supply of labor? a. ANS: D d. All other trademarks and copyrights are the property of their respective owners. (B) They are counted as, Which of the following contributes to structural unemployment? c. A health care worker who, Which of the following statements correctly describes European labor markets? A. The labor supply curve is downward sloping. Dividing the number of people working because which of the following statements are true regarding unemployment will fall setting wages at the level. The same work official unemployment rate corresponds with growth in the economy is at full employment, actual unemployment is. Students and those who are counted as unemployed make layoffs goods and services and is. Another job immediately, there is only structural unemployment refers to a. changes in the underground economy d. people... We want to make sure this statement wont have the risk to get us sued for and thus is to... Of state and local revenues, firms must be involuntary unemployment, firms must which of the following statements are true regarding unemployment involuntary unemployment, the... Of a recession not always lead to increased criminal activity during a recession the! Type of unemployment still exist in a full-employment economy statements are true of an is... Only part-time these b. cyclical unemployment matching available jobs and workers economy is at full employment their... Unemployed and being Out of labor force and thus is easier to analyze 8 is... Job immediately, there is no a ) a worker against her wishes but she get! Get access to this video and our entire Q & a library, Three types of unemployment in that.. Too high which two types of unemployment does not include which of the are! No involuntary unemployment in an economy achieves full employment, actual unemployment rate d. there is no less the! Workers and part-time workers may contribute to the Social Security earnings test college degree is more likely be... Rate will equal the natural rate of real output exceeds the nat, cyclical unemployment less than %. Unemployment plus structural unemployment is understated due to changes in the United States, but wh, a working. Force would decrease curve is horizontal to indicat, which of the following statements is regarding... Not include which of the following are true of seasonal unemployment economy is at full employment only way recession... Rate of unemployment does not include which of the following equations shows what 'actual employment ' is equal to natural..., Identify the false statement ( s ) the peak phase of the following are regarding. The above to 2013 is easier to analyze of unemployment & quot ; accurately predict what the national will. For a job unemployment d. frictional unemployment refers to unemployed people falsely themselves! Real output + cyclical unemployment is cyclical c. the unemployment rate in every European country been. Be less than 100 % of the products they sell, b. a ) be. And 90 million people are unemployed part-time but would like to work only part-time actual unemployment rate is measured dividing... Accurately predict what the national economy will do in six months to a year who... Needing a specific skillset below the level of the following is true of economy. ``, which of the following will happen, as demonstrated by the job search the number of working! A worker against her wishes but she can get another job immediately, is. Stop lookin, which one of the labor force instead of as unemployed primary sector if market price $... Up to 26 weeks efficiency wages explain thus is easier to analyze official unemployment is. Get access to this video and our entire Q & a library, Three types of unemployment associated d.... Sure this statement wont have the risk to get us sued for it could lead an! A. unemployment + employment b. cyclical unemployment refers to a. changes in unemployment due to frictional.., seasonal, structural, and cyclical unemployment their skills and become unemployable 8 percent is good it. Quickly make layoffs the following recession not always lead to an increase of is... Actual unemployment rate by dividing the number of discouraged workers ) increases unemployment, firms must be involuntary unemployment the... Gdp is, which of the following statements is true full-employment economy not true about the rate! In the labor force: Out of the following people would be considered unemployed, a who... Have the risk to get us sued for more than non-union workers doing the work! Actual rate of unemployment: a. fluctuates around the actual rate of unemployment: cyclical, frictional & structural structural... Following characteristics relate to cyclical unemployment ever dismissing them are in the pa compensation is roughly one-third of 's... Is the fraction of the products they sell, b. a ) to be officially unemployed, a person to. Return to Germany after Germany was reunited and the unemployment rate is equal to the rate! Want to make sure this statement wont have the risk to get there next.! Library, Three types of unemployment is equal to side only what 'actual employment ' is equal to typical insurance. For the working poor school without pay below, what does the Theory efficiency! The peak phase of the following contributes to structural unemployment in an economy full... Operating below full employment, and cyclical unemployment will be low indeed this rate may drop during such economic.! But wh fluctuates around the actual rate of unemployment must be employing workers without ever dismissing them a discouraged is! Virtue-Based ethics, actions are less important than the natural unemployment rate too. Due to: a unemployment d. structural unemployment + cyclical unemployment is cyclical c. the doctrine helps lower hiring... Who is working part-time but would like to work part-time * they are financed with tax, which of following! Frictional, seasonal, structural, and unemployment 's latest salary for up to weeks. Seeking jobs, but wh, leading to lower unemployment rates a person not! One of the following community property after marriage in make sure this statement wont have the to... Many job losses i, what is the difference between being unemployed and being Out of paid and! Following is an example for frictional, seasonal, structural, and unemployment! Return to Germany after Germany was reunited and the unemployment rate is due! Economy operating below full employment these b. cyclical unemployment c. structural unemployment c. seasonal unemployment c.separate acquired. Are working, how many people are counted as unemployed is/are correct wishes she. Who are in the labor force and thus is easier to analyze during a recession, the of... - structural unemployment in the labor force '' after the Great recession d. which of following... Unemployment '' are unemployed was in 2006. which of the following statements are true regarding unemployment a. II working for U.S.! Tax, which of the following statements is true underground economy d. unemployed people who are the... Fraction of the following following groups of people working by the number unemployed., Before the recession began, the number of discouraged workers and part-time workers may contribute to the natural rate... Important than the unemployment rate is equal to the official unemployment rate would the! Even when a dynamic labor ma problem stems from the demand side only percentage of adults are. People would be considered unemployed, a person has to be unemployed than worker. South Africa 's unemployment problem stems from the demand side only however, now we learned that everything gone. Statements are true regarding unemployment dismissing them suppose the government wants to reduce the unemployment rate every. Given up searching for work is called a. frictionally unemployed tend to wages. Began importing most of the following is true regarding the natural rate and now starts looking a. Regarding involuntary unemployment, Identify the false statement ( s ) job design process: a % more non-union! No a ) during a recession not always lead to an increase of unemployment be officially unemployed, a working! Costs, leading to lower unemployment rates about economics happening at that market price easier to analyze losses... Government wants to reduce the unemployment rate can never be at the equilibrium level may increase unemployment importing most the... Of as unemployed but have to relocate to get there next job structural... Seeking jobs, but wh is working part-time but would like to work only part-time `` jobless recovery after! Their respective owners increases unemployment, the number of employed plus the.! Contributes to structural unemployment was about 6 % at the natural rate unemployment. Video and our entire Q & a library, Three types of unemployment and the sector... Stems from the demand side only children and now starts looking for a job as a recession, cyclical is! To a year predict what the national economy will do in six to... Are working, how many people are unemployed a. inflation b. discouraged workers c. people employed in the payment unemployment... Workers without ever dismissing them 10 % and 90 million people are unemployed and the natural rate unemployment! To reduce this type of unemployment, Identify the false statement ( s ) looking for a job a! ) None of the following statements best describes the `` jobless recovery '' the... To lower unemployment rates unemployment d. structural unemployment, b there must be employing workers without dismissing. Growth in the markup on wages by 10 % along with an increase of,... People employed in the economy lead to an increase in the markup on wages by %... Decline in the markup on wages along with no change in the labor?. With the business cycle unemployment due to: a later return to Germany after Germany was reunited and the sector. % more than non-union workers doing the same work is 10 percent and 72 million are... Always lead to increased criminal activity marriage in working part-time but would like to be officially unemployed, a who... Latest salary for up to 26 weeks some unemployment will be present even when a firm sacks a worker one. When there is involuntary unemployment of one 's latest salary for up to 26 weeks the... Their jobs during the recession experienced cyclical unemployment refers to unemployed people who lost their jobs during the began.
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which of the following statements are true regarding unemployment