During the Great Recession That Began in January 2008, Average

question 40

Multiple Choice

During the Great Recession that began in January 2008, average weekly claims for unemployment were 420,000. The normal weekly average during full employment is 122,000. How many more people were filing for unemployment in January 2008?

• A) 298,000
• B) 542,000
• C) 288,000
• D) 400,000
• E) None of these

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Definitions:

Shareholders

Individuals or entities that own shares in a company, thus holding a portion of the company's ownership and sometimes entitled to dividends and a say in company decisions.

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.

Statute of Frauds

Legal regulation requiring certain kinds of contracts to be written and signed to be enforceable.

Anticipatory Agreement

A contract in which the parties acknowledge and accommodate the future performance of an obligation before its due.