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11.Adam is sixty years old who retired after forty years of working at IBM

a. Unemployed

b. labor force

c. employed

d. Not a part of labor force.

12.Mike is a fifty-five year old father of two who has been working part-time while raising his kids. He has been looking for full time work without success for over a year

a. Unemployed

b. Seasonally unemployed

c. Employed

d. Not in the Labor force

13.The natural rate of unemployment is comprised of a

a. Cyclical and frictional unemployment

b. Structural and cyclical unemployment

c. Structural and frictional unemployment

d. Structural, cyclical, and frictional unemployment

14.Molly is a thirty six year old mother of three who works part time as a tutor.

a. Unemployed

b. Frictionally unemployed

c. Employed

d. Not in the labor force

15.The unemployment rate glven each month is often understated to the fact it does not take into account a. discouraged workers

b. over-employed

c. Cyclically unemployed

d. fractionally unemployed