Suppose That Matt Quits a Job with the XYZ Corporation

question 351

Multiple Choice

Suppose that Matt quits a job with the XYZ Corporation in order to look for more rewarding employment. Matt would be

• A)counted as still being employed.
• B)included in the economy's "hidden employment."
• C)counted as frictionally unemployed.
• D)counted as cyclically unemployed.

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Definitions:

Government of Alberta

The provincial government responsible for public policy, regulation, and administration in the province of Alberta, Canada.

Treasury Bill

Short-term government securities issued at a discount from the face value and paying no interest, maturing usually in one year or less.

Issue Price

The price at which new securities are offered to the public by the issuer.

Simple Interest

Interest calculated only on the initial principal of a loan or deposit, without compounding.