MULTIPLE CHOICE

11.l(imberly voluntarily quit her job as an insurance agent to return to school full-time to earn an MBA degree. With degree in hand. she is now searching for a position in management. At present, Kimberty is: A} cyclicalty unemployed El} structurally unemployed C} frictionally unemployed D} seasonally unemployed E} not a member of the labour force 12.Mee Ming works in her own borne as a full-time caregiver and homemaker. Ofcially. she is: A} unemployed El} employed 0} not in the labour force D} in the labour force E} none of the above 13.The presence ofdiscouraged workers: A} increases the size of the labour force. but does not affect the unemployment rate B} reduces the size of the labour force, but does not affect the unemployment rate 0} may cause the ofcial unemployment rate to understate the level of unemployment D} may cause the ofcial unemployment rate to overstate the level of unemployment E} increases both the size of the labour force and the unemployment rate 14. Actual GDP was $885 billion. the unemployment rate is 5% and the natural rate of unemployment is 2%. What is the GDP gap? A} 11".? billion B} 44.25 billion (3} 61.95 billion D} Eli-.55 billion E} none of the above 15According to the ADIAS model, lower taxes lead to A} higher price level and lower real GDP El} higher price level and higher real GDP (3} lower price level and higher real GDP D} lower price level and lower real GDP E} none of the above