If the Official Unemployment Rate Increases in August from Its

question 147

Multiple Choice

If the official unemployment rate increases in August from its July level,we can conclude that __________ unemployment is responsible for the increase.

• A)seasonal
• B)cyclical
• C)structural
• D)frictional
• E)any of the causes of

---

Definitions:

Agency Relationship

A legal relationship where one party (the agent) acts on behalf of another party (the principal), with the authority to create legal obligations.

Authority End

signifies the termination or conclusion of the legal or official power held by an individual or entity.

Vicarious Liability

Refers to the situation where one party is held partly responsible for the unlawful actions of a third party.

Scope of Employment

The range of activities and duties an employee is expected to perform as part of their job, as defined by their contract or role description.