Which of the Following Statements Is Not True

question 294

Multiple Choice

Which of the following statements is not true?

• A) The unemployment rate does not tell us anything about the duration of unemployment.
• B) The duration of unemployment increases during recessions.
• C) The duration of unemployment increases during economic expansions.
• D) The unemployment rate plus the employment rate equals 100% of the labor force.

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Definitions:

Economic Report

A document or release that details the current state of the economy or analyzes economic indicators, trends, and policies.

Continuing Resolutions

Budget agreements that allow agencies, in the absence of an approved budget, to spend at the rate of the previous year’s budget.

Government Transfer Programs

Policies and initiatives where the government redistributes income through mechanisms such as social security, welfare, and unemployment benefits.

Social Security

A government program that provides financial assistance to people with inadequate or no income, particularly the elderly, disabled, and survivors.