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Question 16 of 20

1.0 Points

The unemployment rate may:

A. understate the effect of a recession on employment because
some leave the labor force.

B. understate the effect of a recession on employment because
many enter the labor force.

C. overstate the effect of a recession on employment because
some leave the labor force.

D. overstate the effect of a recession on employment because
many enter the labor force.

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Question 17 of 20

1.0 Points

If you hear that unemployment decreased by 2 percentage points to 6
percent in the past year, while the labor force participation rate
remained constant, it means:

A. 2 out of every 10 people lost their job in the last year.

B. 20 out of every 1,000 unemployed persons found a job in the
last year.

C. 2 out of every 100 people lost their job in the past
year.

D. 2 out of every 100 unemployed persons found a job in the last
year.

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Question 18 of 20

1.0 Points

The first recorded example of a financial bubble was:

A. called the Enclosure Movement.

B. the “dot com” bubble of the 1990s.

C. a “tulip mania” in the 1600s.

D. the “stock market” bubble of the 1920s.