Refer to the above information. Which individual is cyclically unemployed?
The following items describe the responses of four individuals to a Bureau of Labor Statistics (BLS) survey of employment.
1. Mollie just graduated from college and is now looking for work. She has had three job interviews in the past month, but still has not gotten a job offer.
2. George used to work in an automotive assembly plant. He was laid off six months ago as the economy weakened. He expects to return to work in a few months when national economic conditions improve.
3. Jeanette worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the Federal government cut defense spending. She has been looking for similar work for a year but no company seems interested in her aircraft design skills.
4. Ricardo lost his job last year when his company downsized and laid off middle-levelmanagers. He tried to find another job for a year, but was unsuccessful and quit looking for work.
A. Mollie
B. George
C. Jeanette
D. Ricardo
B. George
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The outside lags related to monetary policy tend to be quite long
Indicate whether the statement is true or false
Gerald is deciding what kind of light bulbs to install in the light fixtures in his new home. He has it narrowed down to compact fluorescent bulbs (CFLs) or LED bulbs. The CFLs will cost $350 and the LEDs will cost $900
Gerald estimates that the energy-saving benefits from the CFLs will be $750 and the energy-saving benefits from the LEDs will be $1,250. Based on these numbers, Gerald should purchase the A) CFLs because the cost is cheaper. B) CFLs because the the net benefit is greater. C) LEDs because the benefit is greater. D) LEDs because the net benefit is greater.