Question 1 Discouraged workers are officially:A. unemployed.B. employed.C. not in the labor force.D. in the labor force.Question 2 Business cycles:A. have been a recurring source of debate to economic theory throughout history.B. represent a fairly recent problem confronting economic systems.C. show very regular and smooth patterns of ups-and-downs in economic systems.D. cannot occur in market-based economic systems.Question 3 Which can be negative?A. Only the nominal rate of interestB. Only the real rate of interestC. Both the nominal and real rates of interestD. Neither the nominal nor the real rate of interestQuestion 4 For purposes of calculating the unemployment rate a person who is between jobs is:A. counted as being structurally unemployed.B. not included in the labor force.C. not included in the population.D. counted as being frictionally unemployed.
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