An Increase in the Number of Discouraged Workers in the Economy

question 252

Multiple Choice

An increase in the number of discouraged workers in the economy tends to:

• A)raise the official unemployment rate.
• B)lower the official unemployment rate.
• C)lower the number of people who are frictionally unemployed.
• D)increase the number of people who are structurally unemployed.

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Definitions:

Uniform Commercial Code Article 3

A section of the Uniform Commercial Code that governs negotiable instruments, such as checks and promissory notes.

UCC Article 4

A portion of the Uniform Commercial Code that governs bank deposits and collections.

Negotiable Instrument

An official paper that commits to paying a designated sum, either immediately upon request or at a predetermined date, clearly identifying the individual who will make the payment.

Drawer's Signature

is the signature of the person who has written and is responsible for the financial instrument, such as a check, authorizing its use and the payment it represents.