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25. Since the early lock-downs due to the advent of the coronavirus in the United States, Alex works in his own home as a homemaker and full-time caregiver of his children. Officially, he is : A. unemployed B. employed C. not included in the labour force D. in the labour force 26. TRUE or FALSE The role of government grew most rapidly during the period, 1933-1945, as the economy struggled to come out of Great Depression, during the administration of President Theodore Roosevelt. 27. One major adverse effect of inflation is that it results in: A. windfall gains for those on fixed incomes, such as Social Security. B. excessive rewards to those who keep their cash in the cookie jar. C. an arbitrary redistribution of income. D. losses for those who choose gold, diamonds, or other collectibles. 28. Workers at an auto-manufacturing plant in Flint, Michigan are laid off because the economy is weak and GM cars are not selling well. GM is not sure when the plant will reopen. What type of unemployment best describes the workers' situation? A. frictional UE B. cyclical UE C. natural UE D. structural UE30. Unemployment of resources, including labour resources, can result in substantial economic costs since A. unemployed people lose their self-esteem B. employed people have to work harder to compensate for those who are not working C. actual output is below potential output D. unused machinery will have to have its length of life lengthened. 31. Deflation is of concern because: A. consumers expecting prices to fall, rush out to buy now and stock up. B. deflation increases the cost of loan payments. C. of its potential to cause a decrease in the real cost of borrowing, households increase home purchases leading to an increase in lg. D. None of the above. 32. What is the UE rate using: 8 million Unemployed, 117 million Employed? Show your work. 33. TRUE or FALSE The Natural Rate of Unemployment is the minimum unemployment due to frictional unemployment and structural unemployment and is often estimated to be approximately 5%. 34. Let's say that the unemployment rate = 7%. How much is cyclical UE? Show your work. 35. (A) List three Leading Indicators. What is your source? (B) NOW, choose ONE of the Leading Indicators from your list and define it. You may use the textbook, notes or Investopedia.com for this question. Cite your source