After Looking for a Job for More Than Eight Months,Kyle

question 42

Multiple Choice

After looking for a job for more than eight months,Kyle has become frustrated and stopped looking.How do economists view Kyle?

• A)as cyclically unemployed
• B)as unemployed
• C)as part of the labour force, but neither employed nor unemployed
• D)as a discouraged worker

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Definitions:

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a particular price, within a given time period.

Diagram

A simplified drawing showing the appearance, structure, or workings of something, often used to explain or clarify concepts or processes.

Excise Tax

This is a tax levied on specific goods, services, or transactions, usually to discourage their use or generate revenue from specific sectors.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied.