A person who sells pleasure boats becomes unemployed because sales at the dealer

Question

A person who sells pleasure boats becomes unemployed because sales at the dealer that employs him have recently declined. The dealer attributes the decline in sales to a slow-down in the economy causing consumers to cut-back on their recreational spending. This person can best be described as

a. cyclically unemployed
b. structurally unemployed
c. a discouraged worker
d. not part of the labor force
e. frictionally unemployed

An economy shows a decline in the unemployment rate from July to August. This means that
a. the number of unemployed workers has most likely increased
b. the number of unemployed workers has declined
c. the economy is growing and more people have jobs now
d. the number of unemployed relative to the labor force has declined, but it could be because the number of discouraged workers has increased

Explanation / Answer

A person who sells pleasure boats becomes unemployed because sales at the dealer that employs him have recently declined. The dealer attributes the decline in sales to a slow-down in the economy causing consumers to cut-back on their recreational spending. This person can best be described as a. cyclically unemployed An economy shows a decline in the unemployment rate from July to August. This means that d. the number of unemployed relative to the labor force has declined, but it could be because the number of discouraged workers has increased

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