Some Unemployment Is Unavoidable Because

question 113

Multiple Choice

Some unemployment is unavoidable because

• A)people are making transitions through the stages of life and businesses are making transitions.
• B)many part-time workers would like to have full-time work.
• C)often people become discouraged searchers.
• D)many people in the working-age population attend school and are unemployed.
• E)there is always some cyclical unemployment.

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Definitions:

Revised Probabilities

Updated likelihoods, based on new evidence or information, that a particular event will happen.

Additional Information

Supplementary data or details provided to enhance understanding or clarification of a subject.

Posterior Probabilities

Posterior probabilities are the revised probabilities of events occurring after taking into consideration new evidence or information.

P(A ∪ B)

The probability that at least one of two events, A or B, occurs, including the possibility that both events occur simultaneously.