The BLS Classifies People Who Would Like to Work but Have

question 18

Multiple Choice

The BLS classifies people who would like to work but have given up looking for a job as

• A)unemployed. If they were classified as out of the labor force, the reported unemployment rate would be larger.
• B)unemployed. If they were classified as out of the labor force, the reported unemployment rate would be smaller.
• C)out of the labor force. If they were classified as unemployed, the reported unemployment rate would be larger.
• D)out of the labor force. If they were classified as unemployed, the reported unemployment rate would be smaller.

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Definitions:

Statistical Forecasting

The process of using statistical methods to predict future events or trends based on historical data.

Malicious Compliance

The act of intentionally following orders or instructions in a way that is known to cause harm or failure, using adherence to the directives as a form of passive aggression.

Organizational Change

The process by which companies or organizations change their structure, strategies, operational methods, technologies, or organizational culture to affect change within the organization or to respond to external influences.

Cost-Cutting Strategy

A business approach aimed at reducing expenses to improve overall profitability without compromising the quality of products or services.