Suppose in a Given Month the Flow Out of Unemployment

question 67

Multiple Choice

Suppose in a given month the flow out of unemployment equals 300 000 per month,and the flow into unemployment equals 330 000 per month.The rate of unemployment has

• A)increased by 30 000.
• B)decreased by 30 000.
• C)increased by 10%.
• D)decreased by 10%.
• E)Not enough information to determine.

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Definitions:

Hypothetical Reasoning

The process of applying logical thinking to situations that are often based on suppositions or possibilities, rather than facts.

Deductive Reasoning

A deductive process in which an inference is made based on the harmony of several statements that are commonly believed to be accurate.

Adolescent Egocentrism

A characteristic of adolescent thought involving an increased focus on the self and a belief in the uniqueness of one's own feelings and experiences.

Intuitive Thinking

A cognitive process that enables a person to know something directly without analytic reasoning, bridging the gap between the conscious and nonconscious parts of our mind.