The Unemployment Rate Is the Number of Unemployed People

question 29

Multiple Choice

The unemployment rate is the number of unemployed people

• A) divided by the number of people who are working.
• B) divided by the total working-age population.
• C) divided by the sum of the number of people who are working and the number of people who are looking for work.
• D) and the number of people working fewer than their desired number of hours, divided by the number of people who are working or looking for work.

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Definitions:

Contingency Theory

Contingency Theory is a behavioral theory that suggests the effectiveness of leadership or decision-making strategies is contingent upon the context and situation.

Maximization Theory

A theory suggesting that individuals seek to maximize expected utility in decision-making scenarios, often considered in economics and psychology.

Guthrie

Edwin Ray Guthrie was a psychologist known for his associationist theories of learning, emphasizing the contiguity principle.

Hull

A reference to Clark L. Hull, an influential psychologist known for his work on drive theory and behaviorism.