Asked by Taylor Whitworth on May 28, 2024
Verified
The unemployment rate was falling during all of the years that I was a student, but as soon as I graduated, the unemployment rate started to rise. Therefore, the job market was waiting until I started looking for employment to start to go bad. This statement is an example of
A) fallacy of logic.
B) post hoc, ergo propter hoc fallacy.
C) ceteris paribus fallacy.
D) fallacy of inductive reasoning.
Post Hoc
A logical fallacy where one assumes that because one event followed another, the first event caused the second.
Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment, a key indicator of economic health.
Job Market
The market in which employers search for employees and employees search for jobs; it reflects the demand and supply of labor.
- Notice and sidestep frequent logical inaccuracies in economic deductions.
Verified Answer
BM
Babis MagouliasMay 30, 2024
Final Answer :
B
Explanation :
This statement is an example of the post hoc, ergo propter hoc fallacy, which assumes that because one event followed another, the first event caused the second. In this case, the speaker mistakenly believes their graduation caused the job market to worsen.
Learning Objectives
- Notice and sidestep frequent logical inaccuracies in economic deductions.