Exercises 1. Indicate whether the following people are employed, unemployed or not in the labor force. Explain. a. An Air-Force officer stationed in Colorado Springs, CO b. A consultant who works out...

Extracted text: Exercises 1. Indicate whether the following people are employed, unemployed or not in the labor force. Explain. a. An Air-Force officer stationed in Colorado Springs, CO b. A consultant who works out of her home for a medical group c. A full-time student who does not work d. A new college graduate looking for work e. A stay-at-home dad f. A waiter in Detroit who is laid off as a result of the recession g. A retired grandfather