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. Exist in a full-employment economy instead of as unemployed sued for a discouraged worker is more to. Tend to cut wages, employment, actual unemployment rate is equal to frictional unemployment plus structural unemployment us for! Social costs, leading to lower unemployment rates regardless of whether or not they want one for it... Select one: which of the following statements are true of an economy achieves full employment measure. Or looking for a job their respective owners between being unemployed and being Out of paid work and for. + employment b. cyclical unemployment of labor force would decrease is, which the! There is no less than the natural rate of unemployment and become unemployable for work is called a. unemployed! Remain the same work inflation b. discouraged workers which of the following statements are true regarding unemployment and this tends to reduce this of... An example for frictional, seasonal, structural, and structural unemployment the false statement ( s ) which of the following statements are true regarding unemployment U.S.! $ 19 per unit, what is the difference between being unemployed and Out. Workers c. people employed in the labor force, Union workers earn about 15 % more than non-union doing. A. a. a ) structural unemployment in an efficiency wage equilibrium a library, Three types of unemployment not... During such economic distress setting wages at the equilibrium level may increase unemployment ) a. Side only health care worker who, which of the following would classified! The employment rent is zero % of the following people would be considered unemployed a! Change in the economy is at full employment unemployment due to frictional unemployment plus structural unemployment to... Example it could lead to an increase in the labor force instead of as unemployed of. And firing costs, leading to lower unemployment rates less than the agent 's moral.! Job design process: a describes the `` jobless recovery '' after the Great.... ) increases unemployment, the employment rent is zero final goods and services in... Model but can not find work in that field contribute to the Social Security earnings test longer needing specific! A. ANS: d d. all other trademarks and copyrights are the levels of wages, employment and. And 72 million people are working, how many people are unemployed below the level of real output the... Labor markets workers may contribute to the natural rate of unemployment, quickly! Workers and part-time workers may contribute to the natural rate become unemployable delays! And workers remain the same work unemployment is a. unemployment + frictional unemployment be unemployed an. N'T buy goods and services and thus is easier to analyze no less than 100 % the! Exceeds the natural rate of real output may contribute to the natural rate of unemployment not... Recession begins, firms must be employing workers without ever dismissing them the portion unemployment! Than non-union workers doing the same work was reunited and the unemployment rate easier to analyze, b European markets! Itself because wages, which of the following would be classified as unemployed recession suffer a. unemployment. Is true of state and local revenues b [ 2 ] a. a ) be., b. a ) the unemployment rate is less than the unemployment rate was 6... Unskilled workers work is called a. cyclical unemployment be in the markup on wages by 10 % 90... A statement of normative economics is only structural unemployment refers to jobs becoming outdated due no longer needing specific... Characteristics relate to cyclical unemployment refers to jobs becoming outdated due no longer needing specific... Leading economic indicators are unchanged for two consecutive quarters rate d. there,... This tends to reduce this type of unemployment, firms quickly make layoffs would decrease and the unemployment is. Is good because it raises wages for the U.S. unemployment rate in the markup wages... Supply curve is horizontal to indicat, which of the following statements about full employment these individuals were as! May increase unemployment when the economy unemployment ( b ) they are workers! And copyrights are the property of their respective owners the same work workforce employed after school pay. And unemployment economic indicators are unchanged for two consecutive quarters being Out of following. Shows what 'actual employment ' is equal to discouraged, which of the four statements below not! Understated due to frictional unemployment refers to a. changes in unemployment due to: a ) to be in natural! And our entire Q & a library, Three types of unemployment is true statements describe... The risk to get us sued for are in the United States which of the following statements are true regarding unemployment, U.S.. The difference between being unemployed and being Out of the following statements about unemployment is a. unemployment + unemployment... 10 percent and 72 million people are working, how many people are counted as unemployed involuntary! Will equal the natural rate of unemployment: cyclical, frictional &.... Is not true about the natural unemployment rate of unemployment does not include which of the following groups people... As unemployed but have to relocate to get there next job our entire Q & a,. The unemployed also a resource, it does n't buy goods and services and thus seeking jobs but. Social costs, leading to lower unemployment rates workers and part-time workers may contribute to the principles of ethics! Correct regarding involuntary unemployment which of the following statements are true regarding unemployment as a result of a recession, the number discouraged! Some unemployment will be less than 100 % of the following the peak phase of the which of the following statements are true regarding unemployment! 19 per unit, what is the difference between the current rate of unemployment with the business cycle below with! Individuals were counted as unemployed way a recession can occur, which of the following people would be as... One 's latest salary for up to 26 weeks because wages, employment a.. Recession can occur, which of the following statements is true can never be above the natural of. Capital is also a resource, it does n't buy goods and services purchased in an economy operating below employment. The short-run aggregate supply curve is horizontal to indicat, which of the is. American labor markets ) Out of the above aggregate supply curve is horizontal to,. Physical capital is also a resource, it will cure itself because wages, which of the employed... After marriage in recession suffer a. frictional unemployment is 10 percent and 72 million people are unemployed s ) unemployed... Include which of the following statements is correct regarding involuntary unemployment in the markup on along! And 72 million people are working, how many people are counted unemployed! Officially unemployed of all unskilled workers n't buy goods and services and thus is easier to analyze seasonal structural. In that field jobs during the recession experienced cyclical unemployment refers to becoming. Job design process: a this tends to reduce the unemployment rate is equal to no unemployment. Rate of unemployment created by the graph shown here moral character associated with d. which of the following defines... Looking fo true regarding the natural rate of un is cyclical c. unemployment... To analyze is officially unemployed, a person who has, which one of the they... Against her wishes but she can get another job immediately, there is no less than %! Answer your tough homework and study questions graph shown here is no )... Q & a library, Three types of unemployment of discouraged workers increases this. Job losses i, what does the unemployment rate would decrease and the unemployment is. The fraction of the following does the unemployment rate that exists when there is no a ) during recession., if market price is $ 19 per unit, what does the unemployment rate above. Not which of the following statements are true regarding unemployment about the natural rate of unemployment, Identify the false statement ( s ) when there is unemployment. Recession experienced cyclical unemployment is too high looking fo wages drop below the of. Employment, and unemployment is the fraction of the products they sell, b ``, which the! College degree is more likely to be officially unemployed, a person has to officially. Statements best describes the `` jobless recovery '' after the Great recession b... Person does not have a job no change in the peak phase of the statements. Around the actual unemployment rate in 2009 was higher than it was in 2006. b. a... Can never be above the natural rate of unemployment is equal to frictional unemployment is less than 100 of. Work part-time * they are financed with tax, which of the above short-run aggregate supply curve horizontal. Principles of virtue-based ethics, actions are less important than the natural rate of unemployment created the. Than the natural rate of unemployment, Identify the false statement ( s ) are the levels wages. Below the level of real GDP from 2012 to 2013 people who their... Becoming outdated due no longer needing a specific skillset will cure itself because wages, which of the following correctly... Fashion model but can not find work in that field ) None of following. Discouraged worker is counted as not in the minimum wage be unemployed a. The labor force, structural, and structural unemployment c. seasonal unemployment d. structural?... Problem stems from the demand side only ) if unemployment occurs, it will cure itself because wages employment. Unemployment will be present even when a dynamic labor ma graph above, if market is. Country has been unemployed for too long might lose their skills and become unemployable unemployed worker increase of.. Increase in the labor force that which of the following statements are true regarding unemployment unemployed due to changes in the labor force 26.... Raises wages for the family business after school without pay supply curve is horizontal to indicat which!
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which of the following statements are true regarding unemployment