U-1 Is a More _{-------------} Measure of Unemployment Rate Than

question 22

Multiple Choice

U-1 is a more _{-------------} measure of unemployment rate than the conventional U-3 measure and U-1 counts as unemployed workers who _{-------------}.

• A)broad; who are discouraged workers
• B)narrow; have been unemployed for 15 weeks or more weeks
• C)narrow; have been laid off
• D)broad; are marginally attached to the labor force
• E)broad; have been laid off

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Definitions:

Normal Balance

The side (debit or credit) of an account that is expected to have a positive balance, determining the increase or decrease of an account.

Financial Statement

Reports that detail a company's financial activities over a specific period, crucial for investors, management, and regulators.

Permanent/Temporary

Refers to accounting records: permanent accounts track financial activities that span over multiple fiscal years; temporary accounts measure activity within a single fiscal year.

Normal Balance

The side of an account (either debit or credit) expected to have a higher balance based on standard accounting practices.