Knowing the Length of Unemployment Is Important Because

question 140

Multiple Choice

Knowing the length of unemployment is important because

• A) if most unemployment is long term,we might not be as concerned with higher unemployment because unemployment will consist mostly of structural unemployment.
• B) if most unemployment is short term,we might not be as concerned with a higher unemployment rate,because this indicates that the unemployment is a temporary situation,rather than a long-term problem.
• C) if most unemployment is short term,the government can easily reduce the unemployment rate through government programs.
• D) the length of unemployment dictates the official unemployment rate.
• E) if most unemployment is short term,we might be concerned that businesses are quickly laying off workers.

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Definitions:

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.

Rejection

The refusal to accept an offer or proposal, in the context of contracts, it is the refusal to agree to the terms.

Valid

A term applied to a contract that includes all four elements of a contract: agreement (offer and acceptance), consideration, contractual capacity, and legal object.

Time Condition

A stipulation in a contract or agreement that specifies a period or deadline by which certain actions must be performed.