Leaving the Labor Force or Finding a Job Are Two

question 94

Multiple Choice

Leaving the labor force or finding a job are two ways that:

• A)a person can become a discouraged worker.
• B)a person can become an involuntary part-time worker.
• C)an unemployment spell can begin.
• D)an unemployment spell can end.

Understand the ethical considerations necessary in psychological research including the handling of deception.

Acknowledge the strengths and weaknesses of different research settings (laboratory vs. field).

Appreciate the importance of representing the population in a sample for generalizable results.

Understand the concept of research methods in psychology, including surveys, experiments, and naturalistic observation.

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Definitions:

Money Market Mutual Funds

Investment funds that invest in short-term debt securities, offering investors a high degree of liquidity and typically low risk.

M1 Money Supply

The measure of the most liquid components of the money supply, including currency in circulation and demand deposits in banks.

Checkable Deposits

Bank deposits that allow the account owner to write checks to third parties; debit cards can also access these deposits and transmit them electronically.

Nonbank Public

Refers to individuals and entities that are participants in the economy and financial system but do not include regulated banking institutions.