Anne is an accountant who lost her job in the last recession and has given up looking for work after an unsuccessful job search. Which of the following is true in this case?
a. She is a discouraged worker.
b. She is underemployed.
c. This is an example of cyclical unemployment.
d. This is an example of seasonal unemployment.
e. She is overemployed.
Question 2
Which of the following is true of the federal budget process in the U.S.?
a. Congress must approve a budget with at least a two-thirds majority vote.
b. The federal budget must be balanced each year because the volume of international trade reduces if the government has a surplus or a deficit.
c. Most federal outlays are determined by existing laws.
d. Congress approves a budget that separates the capital budget and the operating budget.
e. Detailed budgeting allows the party in power to reward supporters.
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