Jennifer Did Not Work During College

question 84

Multiple Choice

Jennifer did not work during college. She just obtained a bachelor's degree in marketing, and is now looking for a marketing job in the retail industry. Jennifer is considered

• A) structurally unemployed.
• B) frictionally unemployed.
• C) cyclically unemployed.
• D) not in the labor force.

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Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another currency.

Francs

Francs refer to the currency that was used in several countries, including France, Switzerland, and Belgium, before the introduction of the euro in some of these countries.

Laspeyres Price Index

A measure of price changes that uses the quantities of goods and services purchased in a base period to calculate the index.

Paasche Price Index

A price index that measures the price changes between the current and a base period, weighted by the current period's spending patterns.