A job loser is an individual
A) in the labor force whose employment was involuntarily terminated.
B) who used to work full time but left the labor force and has now reentered it looking for a job.
C) in the labor force who quits voluntarily.
D) who has never held a full-time job lasting two weeks or longer but is now seeking employment.
A
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Questions of what to produce, how much to produce, and who will get the output must be faced by
a. market economies. b. centrally planned economies. c. the economies of underdeveloped countries. d. all economies.
Economic analysis indicates that the monetary policy of the 1930s, which shifted back and forth between restrictive monetary policy and expansionary monetary policy, would likely result in
a. economic stability and growth in real levels of output. b. keeping the general level of prices relatively stable because the periods of restrictive policy would just offset the periods of expansion. c. an environment of uncertainty, which would lead to economic instability. d. economic stability, because changes in monetary policy can be counted on to exert a predictable impact on the economy quickly.