What is a discouraged worker? How do they affect the unemployment rate?
What will be an ideal response?
A discouraged worker is a person without a job, who is available and willing to work, but who has not made specific efforts to find a job within the past four weeks. Essentially, a discouraged worker is someone who wants a job but has grown so "discouraged" about finding one, he or she has stopped looking. Discouraged workers are not in the labor force so in one sense they do not affect the unemployment rate. However, if they re-enter the labor force to look for work, the unemployment will increase because while they are searching they are now counted among the ranks of the unemployed.
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Reliant assets are always all of the following except:
a. durable b. have substantially less value in second best use c. dependent on unique complementary inputs d. pivotal in designing strategy
According the AS/AD model, in the long run, expansionary monetary policy will
a. increase both real GDP and the price level. b. decrease both real GDP and the price level. c. decrease the price level and leave real GDP unchanged. d. increase the price level and leave real GDP unchanged. e. increase real GDP and reduce the price level.