Consider the Following Scenario

question 119

Multiple Choice

Consider the following scenario. In March 2006, 40,000 people are employed, 10,000 people are actively looking for work, and 30,000 people are neither working nor looking for work. In April, 12,000 of the 30,000 people who were not looking for work begin their job search. Holding all else constant, the unemployment rate in April will rise to _____.

• A) 35.48%
• B) 27.52%
• C) 19.46%
• D) 15.00%

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Definitions:

Truman's Response

Refers to President Harry S. Truman's policies and actions in response to particular events or challenges during his presidency, such as the use of atomic bombs or the start of the Cold War.

Late 1940s

The end of the decade following World War II, from 1945 to 1949, marked by significant political, social, and economic changes worldwide.

Early 1950s

Refers to the period from 1950 to 1953, a time noted for the post-World War II economic recovery and the beginning of the Cold War era.

McCarthyism

Represents the period of intense anti-communist suspicion in the United States around the 1950s, led by Senator Joseph McCarthy, characterized by unfounded accusations and investigations.