ECON 102 QUIZ 2 - 100% Correct Questions and Answers

ECON 102 QUIZ 2 Question 1 of 10 10.0/ 10.0 Points Business cycles are Question 2 of 10 Economists define the unemployed as individuals who are Question 3 of 10 Economists define the labor force to i nclude Question 4 of 10 People who want to work but have stopped looking for work because they could not find jobs after actively searching are called Question 5 of 10 Unemployment that naturally occurs during the normal workings of an economy as people change jobs and move across the country is called Question 6 of 1 unemployment occurs due to a mismatch between the jobs that are available and the skills of workers seeking jobs. Question 7 of 10 At full employment the unemployment rate equals the Question 8 of 10 Economists consider an economy to be at "full employment" when Question 9 of 10 Economists say that the economy is at "full employment" when the Question 10 of 10 The economy needs some unemployment to operate efficiently, because without it