Official unemployment statistics
A. understate unemployment because individuals receiving unemployment compensation are counted as employed.
B. overstate unemployment because workers who are involuntarily working part time are counted as being employed.
C. understate unemployment because discouraged workers are not counted as unemployed.
D. include cyclical and structural unemployment but not frictional unemployment.
Answer: C
You might also like to view...
Over the range of output for which the average product of labor curve is negatively sloped, the average variable cost curve is positively sloped
Indicate whether the statement is true or false
If the British pound appreciates from $0.50 per pound to $0.75 per pound, the U.S. dollar depreciates from ________ per dollar to ________ per dollar
A) £2; £2.5 B) £2; £1.33 C) £2; £1.5 D) £2; £1.25