The Duration of Unemployment Is the Number Unemployed Divided by the Labour

question 36

True/False

The duration of unemployment is the number unemployed divided by the labour force.

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Definitions:

Note

A written promise to pay a specific sum of money to a specific person or bearer on demand or at a specified future time.

National Bank

A financial institution chartered and regulated by the federal government, usually involved in commercial banking services.

Drawee's Liability

The responsibility of the drawee (typically a bank) to pay the amount specified on a draft or check when properly presented for payment.

Certifies

The act of officially recognizing something as true, accurate, or in compliance with a particular standard.