If the Official Unemployment Rate Increases in March from Its

question 116

Multiple Choice

If the official unemployment rate increases in March from its February level because of sluggish sales in the auto industry, we can conclude that ____ unemployment is responsible for the increase.

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

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Definitions:

Arbitration Clause

A part of an insurance contract that calls for a dispute to be settled by an arbitrator, a neutral third party.

Disputes

Conflicts or disagreements between parties that may arise over various issues, requiring resolution or negotiation.

Whole-Life Insurance

Life insurance that provides protection for the entire life of the insured person.

Cash-Surrender Value

The amount an insurance policyholder receives upon cancellation of a contract before its maturity or an insured event occurs.