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:

Outcomes

The possible results or consequences of a specific situation, experiment, or decision.

Reduced Cost

In linear programming, the amount by which the objective function coefficient of a variable must decrease before that variable's value increases in the optimal solution.

Bounded Variable

A variable that has upper and lower limits.

Shadow Price

A monetary value assigned to currently unpriced goods or services, reflecting their worth in terms of opportunity cost or their valuation in a constrained optimization problem.