Phillip Is a 22-Year Old Who Has No Job and Is

question 124

Multiple Choice

Phillip is a 22-year old who has no job and is available for work,but has not actively looked for a job in the last month.The Current Population Survey identifies Phillip as ________,________ the labor force,and ________ the working-age population.

• A)unemployed;part of;part of
• B)unemployed;part of;not part of
• C)not unemployed;not part of;part of
• D)not unemployed;not part of;not part of
• E)not unemployed;part of;part of

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Definitions:

Serial Correlation

The relationship between a data series and a lagged version of itself over consecutive time intervals.

Mutual Funds

Investment schemes that are financed by investors, trade in a variety of holdings, and are overseen by professional managers.

Jensen Measure

A performance metric used to evaluate the excess return of an investment portfolio over the predicted return of a risk-adjusted model.

Market Portfolio

A theoretical bundle of investments that includes every type of asset available in the market, with each asset weighted by its total market value.