Official unemployment rates may underestimate the true rate of unemployment because the official rate
A) fails to include discouraged workers.
B) does not include individuals receiving any type of unemployment compensation.
C) may include some individuals who are not actually in the labor force.
D) includes those workers who only work part time.
A
Economics
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Kariuki decreases his consumption of grapes after his income goes up. For Kariuki
A) grapes and income are substitute goods. B) grapes and income are complementary goods. C) grapes are an inferior good. D) grapes are a superior good.
Economics
Assuming the economy in the graph shown is currently at equilibrium A, we can conclude:
A. there must be unemployment of resources. B. the economy is in a recession. C. the economy is producing less than its potential level of output. D. All of these are true.
Economics