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24) The brand of car you buy is a topic of interest for macroeconomics. True False 27) If a product becomes obsolete and the workers

24) The brand of car you buy is a topic of interest for macroeconomics.

True

False

27) If a product becomes obsolete and the workers who produced that product will need additional training to find new jobs, they are experiencing _____ unemployment.

cyclical

full

structural

frictional

30) For the purposes of calculating the unemployment rate, part-time workers are not counted as employed.

True

False

32) Full employment

is an unemployment rate of zero.

occurs if cyclical unemployment is zero.

consists of structural unemployment and cyclical unemployment.

consists of frictional unemployment and cyclical unemployment.

33) The establishment survey interviews households regarding their employment status.

True

False

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