When You Cosign a Loan,you Are Being Asked to Guarantee

question 4

True/False

When you cosign a loan,you are being asked to guarantee this debt.

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Definitions:

Cyclical Unemployment

A type of unemployment that results from business cycle fluctuations in the economy, typically increasing during recessions and decreasing during expansions.

Unemployment

A situation where individuals who are capable of working and willing to work cannot find jobs.

Labor Force Participation Rate

This term refers to the percentage of the working-age population that is either employed or actively looking for work.

Discouraged Workers

Individuals who are not actively seeking work because they believe no jobs are available for them or there are no jobs for which they would qualify.