ECO 372 Week 2 Apply: Business Cycles, Unemployment, and Inflation Homework – One Attempt | eBooks | Education

ECO 372 Week 2 Apply: Business Cycles, Unemployment, and Inflation Homework – One Attempt

ECO 372 Week 2 Apply: Business Cycles, Unemployment, and Inflation Homework – One Attempt PLDZ-9333
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ECO 372 Week 2 Apply: Business Cycles, Unemployment, and Inflation Homework – One Attempt

 

Review the Week 2 Business Cycles, Unemployment, and Inflation Quiz in preparation for this assignment.

Complete the Week 2 Business Cycles, Unemployment, and Inflation Assignment in McGraw-Hill Connect®. These are randomized questions.

Note: You have only one attempt available to complete the assignment. Grades must be transferred manually to eCampus by your instructor. Don’t worry, this might happen after your due date.

 

For each of the following items, indicate to which major group of the CPI the item belongs:

 

 

 

 

    1. Tuition payments to your university:

 

 

    1. A new desk for your dorm room or apartment:

 

 

    1. An airline ticket to Florida to be used during spring break:

 

 

    1. A 12-pack of beer to be used during spring break:

 

 

    1. Tickets to a local concert:

 

 

    1. A late night visit to the emergency room:

 

 

 

 

 

 

 

 

 

In each of the following examples, identify whether the person is counted in the official labor force or not.

 

 

 

 

    1. Cynthia owns and operates her own retail store.

 

 

 

 

 

 

 

    1. Elder has recently moved to a retirement community in Florida where he enjoys his “golden years” as a retiree.

 

 

 

 

 

 

 

    1. Drew lost his job at the bank last year. He spent 6 months applying for every job possible before giving up 2 months ago.

 

 

 

 

 

 

 

    1. Katherine works part-time at a small retail store. She would like to work full-time, but her employer is unable to extend her hours.

 

 

 

 

 

 

 

    1. Latisha is an ambitious 15-year-old who spends her summer working as a lifeguard at a local pool.

 

 

 

 

 

 

 

    1. Bill is currently serving a prison sentence, and works making license plates.

 

 

 

 

 

 

 

    1. Tyrell just graduated college with a business degree. He is currently looking for a banking job in the major city he just moved to.

 

 

 

 

 

 

 

    1. John and his wife just had their second child. They decided that it was best for John to leave his job and care for their new child.

 

 

 

 

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