Which of the Following Individuals Would Be Considered Unemployed by the Official

question 178

Multiple Choice

Which of the following individuals would be considered unemployed by the official government definition?

• A)George,a mathematician,who returned to graduate school after failing to find a job the last four months
• B)Gwen,a medical student,who is still in college and is not working
• C)Morgan,who is employed part-time but desires a full-time job
• D)Ralph,an auto worker vacationing in Florida during a layoff at a General Motors plant

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Definitions:

Savings Programs

Financial plans or accounts that encourage saving by offering interest or other benefits.

Neoclassical Models

Economic models based on the principles of neoclassical economics that emphasize rational behavior, supply and demand equilibrium, and the efficiency of markets.

Behavioral Economics

A field of economics that studies how psychological, cognitive, emotional, cultural, and social factors affect the economic decisions of individuals and institutions.

Nudges

Subtle policy or design changes aimed at influencing people's behavior in predictable ways without restricting their choices.