The Measured Unemployment Rate Does Not Fall as Much as One

question 89

Multiple Choice

The measured unemployment rate does not fall as much as one might expect when output increases because, as the economy expands,

• A) more people enter the labor force.
• B) firms want to hire additional workers.
• C) more people find jobs.
• D) more people leave the labor force.

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Definitions:

Finance Charges

Fees that are assessed for the use of credit or the extension of existing credit, might include interest, transaction fees, and service charges.

Collection Agency

is an organization that pursues the collection of debts owed by individuals or businesses on behalf of creditors.

Threatening to Sue

Expressing an intention to initiate legal action against someone.

Dodd-Frank Act

A United States federal law that places regulation of the financial industry in the hands of the government, aimed at reducing risks in the financial system.