Assume That a High Proportion of Recent College Graduates Decides

question 59

Essay

Assume that a high proportion of recent college graduates decides to stay in school seeking advanced degrees,rather than confront the challenge of landing a good job in the midst of generally high unemployment.What is the direct impact of this behavior on the unemployment rate? In the longer term,what indirect impacts might there be on the unemployment rate?

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Definitions:

Surety

A person or entity that takes responsibility for another's performance of an obligation, such as the payment of a debt.

Payment

The transfer of money, goods, or services as compensation for an obligation or debt.

Collateral

refers to assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.

Tangibles

Physical assets that can be touched and seen, such as machinery, buildings, and land, as opposed to intangible assets like stocks or patents.