The Total Amount of Unemployment in the Economy Is Constant

question 31

Multiple Choice

The total amount of unemployment in the economy is constant when the flows of individuals

• A)into unemployment are positive.
• B)into unemployment exceed the flows out of unemployment.
• C)out of unemployment exceed the flows into unemployment.
• D)out of unemployment are negative.
• E)out of unemployment are equal to the flows into unemployment.

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Definitions:

Lender

An entity or individual that provides funds to another under the agreement that the funds will be repaid, typically with interest.

Dischargeable Debts

Debts that can be eliminated through bankruptcy proceedings, releasing the debtor from personal liability for certain debts.

Chapter 7

A provision under the U.S. Bankruptcy Code that deals with the process of liquidation, where a debtor's assets are sold off to pay creditors.

False Pretenses

A deceitful action or statement made with the intent to obtain money, property, or other benefits unlawfully.