Question

1. ______ identify the recessions

a. a
b. b
c. c
d. d
e. e

1. ______ who is underemployed?

a. john leaves his job because he found another job, which he plans to begin in two weeks.
b. sharon is fired because her performance is unacceptable.
c. steve receives unemployment insurance after being laid off during a recession.
d. tonya has a mechanical engineering degree and works as a waitress because she cannot find work in her field.
e. kim recently received her law degree, but chooses to take some time off to travel.

Explanation:

Question 17

Step1: Define recession phase

A recession is the period where real gross domestic product (RGDP) decreases over time, corresponding to the downward-sloping segment of the business cycle.

Step2: Match to graph segment

Segment C shows RGDP falling from a peak to a trough, which fits the definition of a recession.

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Question 18

Underemployment refers to a situation where a worker's skills, education, or experience are not fully utilized in their current job. Tonya has an engineering degree but works a low-skill waitress job due to inability to find field-related work, which meets this definition. The other options describe voluntary job transition, termination for poor performance, unemployment benefits, and voluntary time off, none of which qualify as underemployment.

Answer:

C. C