An Individual Who Is Employed Part Time but Is Looking

question 105

Multiple Choice

An individual who is employed part time but is looking for a full-time job is classified as

• A)frictionally unemployed.
• B)cyclically unemployed.
• C)structurally unemployed.
• D)employed.

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Definitions:

Simple Interest

A method of calculating interest where the charge is based on the original principal amount and does not compound.

Principal Amount

The original sum of money lent in a loan or invested, excluding any interest or profits.

Accrued Interest

Interest on a loan or bond that has accumulated but not yet been paid.

Maturity Value

The amount payable to an investor at the end of a fixed term, encompassing the principal and the interest earned or dividends received.