The unemployment rate does not reflect the true extent of the unemployment problem. Which of the following groups is not counted as unemployed in the official unemployment statistics?
a. The underemployed and the cyclically unemployed
b. The underemployed and discouraged workers
c. Discouraged workers and the frictionally unemployed
d. The frictionally unemployed and the structurally unemployed
e. The cyclically unemployed and the frictionally unemployed
b
You might also like to view...
As we move down a particular indifference curve, if the "marginal rate of substitution" between the two goods does not change we can conclude that the two goods are:
A) perfect substitutes. B) perfect complements. C) totally unrelated. D) both inferior goods.
Bailey's Barber Shop knows that a 5% increase in the price of their haircuts results in a 15% decrease in the number of haircuts purchased. What is the elasticity of demand facing Bailey's Barber Shop?
a. 0.05 b. 0.10 c. 0.33 d. 3.0