Suppose the Country of Tiny Town Experienced Frictional Unemployment

question 117

Multiple Choice

Suppose the country of Tiny Town experienced frictional unemployment. This frictional unemployment would

• A) definitely signal that the country is in a recession.
• B) be considered a natural occurrence in a growing economy.
• C) signal that there are more job leavers than job losers.
• D) signal that the number of discouraged workers is growing.

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Definitions:

Halo Effect

The tendency to let an overall impression of a person, brand, or product positively influence one's thoughts and feelings about their specific traits.

Underweight Information

Information that is given less significance or consideration than is warranted by its importance or relevance.

Guided Interview

A method of data collection in research or hiring processes where the interviewer follows a set list of questions but is free to explore topics that arise during the conversation.

Contrast Effect

A cognitive bias in which the evaluation of something is influenced by comparisons with other similar entities that differ in some aspects.