With a Revolving Line of Credit, a Firm Can Borrow

question 115

True/False

With a revolving line of credit, a firm can borrow and repay whenever it wants so long as the balance does not exceed the credit limit.

---

Definitions:

Job Losers

Individuals who have been involuntarily terminated or laid off from their employment.

Data On Unemployment

Statistical information relating to the number of unemployed individuals in the workforce, often presented as an unemployment rate.

Frictional Unemployment

Short-term unemployment that occurs when people are between jobs or entering the workforce for the first time, often seen as a natural part of a healthy economy.

Unemployment Spells

Periods during which an individual is without work but is available for and seeking employment.